• Sources: stablecoin payments company RedotPay delays plans for a US IPO to 2027 or later, as it seeks regulatory approvals and deals with legal issues (Bloomberg)
• Chip equipment maker Lam Research plans to invest $3B+ over five years to expand its global R&D network, aiming to increase its experiment capacity by 50%+ (Anzar Mehraj/Reuters)
• DeepSeek debuts DeepSeek Harness under the MIT license in developer preview, touting a design where "everything is a plugin" that can be swapped out as a plugin (Carl Franzen/VentureBeat)
• Sources: Alibaba is nearing a deal to sell its Lingxi Games to PE firm Trustar Capital at a potential $1.5B+ valuation, as Alibaba continues its reorganization (Bloomberg)
• Epic v. Google: in a compliance hearing, a judge orders Google to remove "anticompetitive friction" for installing third-party app stores from its Play Store (Sean Hollister/The Verge)
• Sources: JPMorgan Chase terminated its banking relationship with Polymarket in 2025 over regulatory concerns, though it still maintains some ties to the company (Financial Times)
• Blackbird and Airtree revalue Canva at $34.9B, down from $42B in 2025, as it struggles in the AI era; Canva's internal valuation falls to $31B, down from $38.9B (Australian Financial Review)
• Z.ai debuts GLM-5.3, which uses the same base model as GLM-5.2 with scaled post-training for stronger coding skills, and says it'll release weights in two weeks (Z.ai)
• A look at Quincy, a rural Washington farming town of 8,500 that benefited from a data center boom as its poverty rate fell from 29.4% in 2012 to 6.2% in 2024 (Nathaniel Meyersohn/CNN)
• The White House announces new tariffs on drones and components, including a 100% levy on "particularly sensitive" models, aiming to cut reliance on Chinese tech (Demetri Sevastopulo/Financial Times)
• Sources: Apple trained a China-specific LLM with Alibaba's support, which would make Apple the first foreign company to offer a proprietary AI model in China (Reuters)
• SMIC co-CEO Zhao Haijun says the company raised prices following negotiations with customers in Q1, and that it will charge more for wafers processed in Q3 (Reuters)
• Sources: the CFTC has launched a probe into prediction markets' "mention markets", prompting Kalshi to remove bets on word choices from sports-related offerings (Bobby Allyn/NPR)
• Pony AI plans to deploy 2K+ robotaxis across Europe in partnership with Uber and add four more European cities, after Zagreb, with a later Middle East expansion (Bloomberg)
• A profile of Amy Kremer, a pro-Trump activist who helped organize the January 6 rally and currently chairs the grassroots anti-data center group Humans First (Veronica Irwin/Transformer)
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| • DeepSeek's AI models are about to cost four times more
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• Apple sends out warnings to targets of mercenary spyware attacks
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