• Taiwan and South Korea's stock market capitalizations overtake India's as global investors favor markets with companies positioned to benefit from the AI boom (Krishn Kaushik/Financial Times)
• Current and former employees detail Amazon's e-commerce struggles in India, where local rivals have challenged the company more than anywhere outside of China (Bloomberg)
• World's highest-grossing law firm Kirkland & Ellis agrees to a multiyear deal with Palantir to develop an AI tool to help advise PE firms on raising capital (Financial Times)
• US SEC filing: Vanguard marks down Ola Consumer's valuation to ~$70.3M; Ola, which faces intense competition from Uber and Rapido, was valued at $7.3B in 2021 (Kunal Manchanada/Entrackr)
• Moderators of the r/biohackers subreddit claim that peptide companies are spamming their forum in hopes of getting their posts scraped and used by AI chatbots (Jason Koebler/404 Media)
• Sources: Meta has repeatedly delayed plans to release the Muse Spark API due to bugs and infrastructure needs; Meta says it plans to release it this month (Meghan Bobrowsky/Wall Street Journal)
• Liftoff Mobile raised $437M in its US IPO, selling 19M shares for $23 each, above its marketed range of $20 to $22, valuing the company at $3.83B (Natalia Kniazhevich/Bloomberg)
• Sam Altman and Dario Amodei are among signatories on an open letter urging improved tracking of synthetic DNA potentially used in AI-developed bioweapons (Emily Mullin/Wired)
• Meta says Australia's proposed tax on domestic revenue for tech giants that don't sign news licensing deals violates the US-Australia Free Trade Agreement (Byron Kaye/Reuters)
• Bengaluru-based grocery delivery startup FirstClub raised a $55M Series B co-led by Peak XV and Sofina at a $255M valuation, up from $120M in September 2025 (Jagmeet Singh/TechCrunch)
• Quantinuum raised $1.68B in an upsized US IPO, selling 28M shares for $60 each, above its marketed range of $53 to $55, valuing the company at $15.6B (Carmen Reinicke/Bloomberg)
• Google releases macOS versions of AI Edge Gallery, which lets users run open models on their devices, and AI Edge Eloquent, an on-device voice dictation app (Google Developers Blog)
• Apple says users in Texas must confirm they are 18 years or older or obtain parental consent to create an Apple Account starting June 4, after a court ruling (Juli Clover/MacRumors)
• Sources: Benchmark raised $2B across two new funds, including a $1.25B fund for late-stage bets, its first growth fund after decades focusing on new startups (Kate Clark/Wall Street Journal)
• Sources: Lila Sciences, which uses AI tools to speed up the rate of scientific discovery, is in talks to raise a $2B Series B at an expected valuation of ~$8.5B (Bloomberg)
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• A British MP is suing to see if xAI is legally responsible for the images Grok produces
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• Pokémon Champions hits iOS and Android on June 17
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• Mark Zuckerberg wants Meta agents to "run your whole business"
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