• PitchBook: US growth and late-stage venture funds raised $23.6B YTD, up from $7.4B in 2025 and above the totals for any of the past 12 years, amid the AI boom (Yuliya Chernova/Wall Street Journal)
• Q&A with ElevenLabs co-founder Mati Staniszewski on how audio models work, the company's business model, the conversational Turing Test, voice agents, and more (John Collison/Cheeky Pint)
• Asia's startup funding rose 93% YoY to $27.4B in Q1, the highest quarterly total in 3+ years, with Chinese startups raising $16.5B and Indian startups $3.8B (Joanna Glasner/Crunchbase News)
• Apple endorses the ~$11.6B Amazon-Globalstar deal, citing a "proven track record" with Amazon infrastructure; Apple holds a ~20% stake in Globalstar (Mark Gurman/Bloomberg)
• ASML reports Q1 net sales of €8.8B, above €8.5B est., a €2.8B net profit, above €2.5B est., and raises 2026 net sales forecast to €36B to €40B from €34B to €39B (Arjun Kharpal/CNBC)
• Sources and analyst estimates: Uber is on track to spend $7.5B+ on buying robotaxis and $2.5B+ on equity stakes in their makers over the next few years (Financial Times)
• Google DeepMind introduces Gemini Robotics-ER 1.6 robotic reasoning model, saying it shows significant spatial and physical reasoning improvements over ER 1.5 (Google DeepMind)
• Sources: ahead of US midterms, Democrats have been advised not to antagonize a ~$300M pro-AI lobby; internal polling shows broad support for tougher AI rules (Financial Times)
• Global smartphone shipments fell 4.1% YoY in Q1, the first decline since 2023, amid a memory chip crunch; Samsung's shipments grew 3.6% and Apple's grew 3.3% (IDC)
• Sources: a Snap-Perplexity AI search deal calling for Perplexity to pay Snap $400M has fallen apart; Snap is set to announce significant layoffs on Wednesday (Alex Heath/Sources)
• A profile of BusPatrol, whose AI-powered cameras on 35K+ school buses in 24 US states record vehicles passing illegally, claiming they help reduce violations (Byard Duncan/Bloomberg)
• Sources: at least two US federal agencies and three congressional committees have reached out to Anthropic to test Claude Mythos, quietly bypassing Trump's ban (Politico)
• How some mathematicians are exploring ways to incorporate LLM models into their research without losing direct experience with mathematical understanding (Konstantin Kakaes/Quanta Magazine)
• Maine's legislature passes a bill blocking new data centers that exceed 20 MW capacity until November 2027, making it the first state to enact such a measure (Alyssa Lukpat/Wall Street Journal)
• Omdia: Facebook, Instagram, YouTube, and TikTok now capture over 90% of social media ad revenue, with Meta accounting for 70% of the total (Georg Szalai/The Hollywood Reporter)
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