• Sources: Google expands the scope of its months-old AI coding strike team to "midtraining" to try to catch up with Anthropic, after major executive departures (Erin Woo/The Information)
• Sail, whose software optimizes how AI models run on existing chips, emerges from stealth with $80M in seed and Series A led by Kleiner at a $450M valuation (Lily Mae Lazarus/Fortune)
• Apple says "the rapid expansion of AI data centers has created an extraordinary surge in demand for memory and storage"; the MacBook Neo rises from $599 to $699 (Mark Gurman/Bloomberg)
• Apple raises Mac, iPad, and other product prices by 15%-25%, saying it has "never seen a component price increase this much, this quickly"; iPhone is unchanged (Rolfe Winkler/Wall Street Journal)
• Australian payments startup Airwallex raised $320M led by Lee Fixel's Addition at an $11B valuation, and is incubating blockchain payments startup Metal (Jeff Kauflin/Forbes)
• Scaled Cognition, a reliability-focused lab that develops the Agentic Pretrained Transformer model, raised a $100M Series A led by Khosla at a $750M valuation (Steven Rosenbush/Wall Street Journal)
• Exponential View: global AI sales, excluding China, hit $25B in Q1, exceeding an estimated $21B in data center and chip depreciation costs; margins remain thin (Jacob Reid/Bloomberg)
• OpenAI, Anthropic, Amazon, Microsoft, and others launch Raise Us, a new non-profit led by ex-Commerce Secretary Gina Raimondo to help US workers adapt to AI (Lydia DePillis/New York Times)
• Preliminary findings: the EU says Azure and AWS are "the largest and second largest" cloud services in the EU, as the bloc weighs up tougher DMA oversight (Samuel Stolton/Bloomberg)
• How risk modelers like Fathom and Verisk are using AI and diffusion models to bypass the limits of physics-based "cat" models to predict natural disasters (Financial Times)
• IBM details a 0.7nm chip manufacturing process that utilizes a "nanostack" 3D transistor architecture, which it says could continue chip innovation for 10 years (Don Clark/New York Times)
• A profile of incoming WhatsApp CEO Kunal Shah, who studied philosophy, advised Sequoia India, and joins a growing pool of Indian-born executives at US companies (Financial Times)
• Alibaba's Hong Kong stock closed down 4.43% after Anthropic accused Alibaba of "illicitly" accessing its AI models, down 36.24% YTD; Xiaomi and Baidu fell ~2% (Jeanny Yu/Bloomberg)
• Arm EVP Mohamed Awad says its chip architecture now accounts for 50%+ of the hyperscale cloud computing market, as AI demand transforms the data center industry (Cheng Ting-Fang/Nikkei Asia)
• Qualcomm CEO Cristiano Amon says the company is designing data center chips specifically for Chinese customers that are in compliance with US export controls (Yifan Yu/Nikkei Asia)
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