• London-based Primer, which helps e-commerce merchants connect and manage multiple payment providers, raised a $100M Series C led by Sofina (Damisola Sulaiman/Sifted)
• Kickstarter retracts stricter rules on mature content after creator backlash, and says it adopted the tougher rules because of its payment processor Stripe (Mariella Moon/Engadget)
• Russia's Sberbank says it hopes to use Chinese chips to power its flagship GigaChat AI model, as sanctions continue to block the country's access to hardware (Reuters)
• Sam Altman says OpenAI offered to invest $2M in tokens in each startup in the current YC batch; a source says the offer is in exchange for equity via SAFE (Jemima McEvoy/The Information)
• Document and sources: China banned Nvidia's RTX 5090D V2 chip, aimed at gamers and animators, while Jensen Huang was visiting China with Donald Trump last week (Financial Times)
• GitHub confirms breach of ~3,800 internal repositories after one of its employees installed a malicious VS Code extension; TeamPCP claimed responsibility (Sergiu Gatlan/BleepingComputer)
• An analysis based on current valuations of OpenAI and Anthropic suggests ~$370B of philanthropic assets tied to the two AI companies are poised to become liquid (Nan Ransohoff/Nan's Substack)
• Q&A with Harvey CEO Winston Weinberg on launching the legal AI startup in 2022, how AI could shake up law firm business models, legal AI competition, and more (George Hammond/Financial Times)
• Two research papers describe how Google's Co-Scientist and nonprofit FutureHouse's AI tools can succeed at drug-retargeting tasks by forming hypotheses (John Timmer/Ars Technica)
• Three precedent-setting court rulings in China have said that employers replacing workers with AI is voluntary cost-cutting that does not justify mass layoffs (Catie Edmondson/New York Times)
• Sources: Nvidia's business development group, not its VC arm NVentures, has led much of its ~$90B dealmaking push across 145+ companies over the past 16 months (Financial Times)
• Sources: an attack exploiting a previously unknown vulnerability in Huawei router software caused a three-hour nationwide telecoms outage in Luxembourg in 2025 (Alexander Martin/The Record)
• Vietnam introduces Decree 142 to implement its AI law, requiring companies to classify AI models by risk level, label deepfakes, and disclose chatbot use (Lien Hoang/Nikkei Asia)
• Filing and sources: PE firm Hg has spun out €500M worth of assets from its €19B software group Visma, whose London IPO remains shelved amid the "SaaSpocalypse" (Alexandra Heal/Financial Times)
• SkyeChip becomes the first Malaysian chip design company to IPO on the Bursa Malaysia exchange, surging 300%+; the company was valued at ~$397M at its IPO price (Nikkei Asia)
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