• New York-based crypto analytics startup Allium raised a $40M Series B led by Amplify Partners, with participation from Kleiner Perkins and others (Ben Weiss/Fortune)
• The Netherlands joins the US-led Pax Silica initiative alongside South Korea and Japan to coordinate AI supply chains; Taiwan endorses it as a non-signatory (Toby Sterling/Reuters)
• ByteDance unveils Seedance 2.5, saying the AI video model can generate up to 30-second clips from up to 50 reference materials, up from 12 for Seedance 2.0 (Juro Osawa/The Information)
• Google plans a 12-week incubator, picking 10 to 20 AI startups from its "Xoogler" alumni and providing up to $350K in cloud credits and $100K in direct funding (Guinevere Grant/Bloomberg)
• How Sam Altman's 80+ personal investments, many from his time running YC, benefit from ties to OpenAI; 10+ companies have discussed business deals with OpenAI (Wall Street Journal)
• Top500: China's Arm-based LineShine passes the US' El Capitan by 20%+ as the world's fastest supercomputer, the first time China has taken the crown since 2017 (Don Clark/New York Times)
• The EU will apply a €3 duty on items under €150 from July 1, as the bloc seeks to slow the flood of low-priced merchandise from retailers like Shein and Temu (Brendan Murray/Bloomberg)
• South Korea's tech-heavy Kospi index falls 10%, dragged down by SK Hynix and Samsung; STMicro and ASML fall ~7%, and US tech stocks fall in pre-market trading (Chloe Taylor/CNBC)
• An interview with Nvidia VP of Healthcare Kimberly Powell on how AI can ease doctors' workloads, help address trained medical staff shortages, and more (Cristina Criddle/Financial Times)
• Sources: Tencent is negotiating exits from minority investments in game studios in Japan, such as Tokyo-traded Marvelous, as it reassesses its global portfolio (Bloomberg)
• How the data center boom is exposing weaknesses in US power grids, and a look at what fixes the electricity infrastructure may need to become fit for the future (Chris Gillett/Works in Progress Magazine)
• Syntun: online sales during China's 618 shopping festival grew 4% YoY, a drop from 15.2% growth in 2025, amid China's persistent consumer spending slowdown (Evelyn Cheng/CNBC)
• Eli Lilly plans to use its $7.3B cash reserve to fund an "App Store" for biotech scientists after launching a data center with 1,016 Blackwell chips in 2025 (Patrick Temple-West/Financial Times)
• OpenAI debuts at Cannes Lions, pitching its new ChatGPT ad business and Codex to marketers, as it tries to build a multibillion-dollar business ahead of its IPO (Financial Times)
• A US NLRB judge ruled that Amazon violated federal law by not recognizing the Teamsters union at a SF warehouse and must collectively bargain with the workers (Josh Eidelson/Bloomberg)
| • We're Tracking Prime Day Live To Find Sales Worth Shopping in 2026
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| • China takes back top spot in latest supercomputer ranking
• Oracle laid off 21,000 employees over the past year, citing AI as one of the reasons
• The Oversight Board says Meta needs to do more to protect regular people from sexualized deepfakes
• Amazon ordered to bargain with Teamsters in case that could set back union progress
• OpenAI's new Daybreak initiative will help open-source projects fend off bugs
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