• Sources: DeepSeek's $7.4B raise was prompted by the release of Mythos as CEO Liang Wenfeng realized DeepSeek couldn't compete without a massive war chest (The Information)
• Sources: Donald Trump Jr. got ~$300K in Kalshi equity after becoming a strategic adviser in 2025, when Kalshi was valued at ~$2B; now it's worth $22B+ (George Steer/Financial Times)
• Q&A with Tim Sweeney on his vision for a cross-platform gaming social system, Unreal Engine 6, AI's PR challenges, the state of AAA game development, and more (Tim Clark/PC Gamer)
• Italy is investigating Microsoft 365's price hike, saying Microsoft did not adequately inform users that it was integrating AI tools like Copilot into the suite (Giulia Segreti/Reuters)
• A study of 408 teens in Australia finds 80%+ were still using social media three months after the ban came into force, citing inadequate age verification checks (Anna Bawden/The Guardian)
• Binance tells EU customers that it will stop providing services for them from July 1, after Greece rejected its application for a bloc-wide license last week (Financial Times)
• Despite the "DeepMind mafia" pulling billions into London AI startups, none of Demis Hassabis' former lieutenants is building a homegrown UK frontier AI model (Tim Bradshaw/Financial Times)
• Shares of Japanese NAND flash maker Kioxia slid 12% on Friday after a report that OpenAI was considering delaying its IPO sparked a selloff in AI-related shares (Sam Nussey/Reuters)
• Sources: during SpaceX's IPO roadshow, COO Gwynne Shotwell told investors that it may launch a Starlink mobile service and build its own terrestrial US network (Financial Times)
• Swiss watchmaker Swatch seeks $170M from Samsung in a London trial over 26 digital watch face apps that allegedly cloned luxury brand designs, including Omega (Alistair Gray/Financial Times)
• OpenAI says 97.9% of its employees are now using Codex, up from ~40% in August 2025; non-developer Codex usage is up 137x for individuals and 12x within OpenAI (Thomas Claburn/The Register)
• Warp, a startup using AI to automate payroll compliance and employee management, raised a $60M Series B led by Battery, bringing its total funding to $85M (Lucinda Shen/Axios)
• Utah-based ecommerce tech company Redo raised an $81M Series B at a $1.25B valuation led by Smash Capital, with participation from Pelion and Cervin (David Politis/Utah Money Watch)
• SoftBank's stock fell 12.53% after a report that OpenAI may delay its IPO until 2027; expectations of a windfall from OpenAI's debut had buoyed Softbank's stock (Aya Wagatsuma/Bloomberg)
• California launches a tool designed to be an "early warning system" for widespread AI-driven job loss, linking AI exposure with unemployment insurance claims (Jo Constantz/Bloomberg)
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