• Twenty, which uses AI to help US military hackers penetrate adversary computer networks, raised a $100M Series B led by Accel at a $1B valuation (Colin Demarest/Axios)
• Nasdaq Private Market sues Hiive, claiming Hiive stole trade secrets and infringed on its IP, poaching two employees in part to access confidential information (Yazhou Sun/Bloomberg)
• OpenAI's CSO Jason Kwon messaged staff that the company "strongly" told the US government that building AI "requires the best talent from around the world" (The Information)
• The US government awards $500M under the CHIPS Act to SandboxAQ to use AI to develop new chemicals and materials for domestic semiconductor manufacturing (Stephen Nellis/Reuters)
• Uber plans to expands its premium robotaxi service from SF to Houston by mid-2027, in partnership with EV maker Lucid and autonomous vehicle startup Nuro (Kirsten Korosec/TechCrunch)
• Nauk Nauk, which runs an AI video app that turns photos of toys into short animated videos, raised $20M and is coming out of beta; it claims to have 1M+ users (Ina Fried/Axios)
• Sources: Trump officials discussed ways to structure government equity stakes in AI companies, with Commerce Secretary Lutnick favoring a sovereign wealth fund (Eleanor Mueller/Semafor)
• Sources describe Huawei's efforts to rebuild its chip business seven years after the US cut Huawei off from advanced chips, as it bets on logic-stacking tech (Financial Times)
• World models startup Odyssey raised $310M from Amazon and others at a $1.45B valuation and will use AWS as its preferred cloud partner, deploying Trainium chips (Financial Times)
• A profile of Anthropic researcher Nicholas Carlini, who warned about Mythos in March and is now part of an Anthropic team briefing the White House on safeguards (Wall Street Journal)
• Sources: Samsung is seeing a rise in advanced chip production requests from BYD, Google, AMD, and others as TSMC's capacity remains constrained by AI demand (Nikkei Asia)
• India's Telegram ban until June 22 over exam paper leak concerns is a terrible look for the country, sets a precedent, and could happen again if unchallenged (Nikhil Pahwa/@nixxin)
• Sources: a new AI lab founded by Junyang Lin, former lead of Alibaba's Qwen models, has raised several hundred million dollars at a ~$2B post-money valuation (The Information)
• Dealogic: investors have poured $58B across 42 data center deals YTD; Oxford Economics says ~850 data centers worth some $7T are under construction globally (Financial Times)
• Sources: Chinese social media app Xiaohongshu targets a Hong Kong IPO as early as year-end at a $70B+ valuation, up from $50B in recent private secondary trades (Wall Street Journal)
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