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Techmeme

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Snap launches a wholly-owned subsidiary called Specs Inc. for its upcoming AR glasses, in a bid to facilitate minority investment and offer distinct branding (Jess Weatherbed/The Verge)
Spotify paid out $11B+ to the music industry in 2025, up 10% YoY, bringing its all-time payments to $70B, and now accounts for ~30% of recorded music revenue (Ethan Millman/The Hollywood Reporter)
Battery recycling and cathode production startup Redwood expands its Series E to $425M, sources say at a $6B valuation, adds Google as a new strategic investor (Kirsten Korosec/TechCrunch)
LinkedIn launches a new feature to let users display verified "vibe coding" and AI proficiency levels from third-party partners including Replit and Lovable (Karissa Bell/Engadget)
Tel Aviv-based Factify raised a $73M seed led by Valley Capital to develop an AI-native document standard intended to replace the legacy PDF format (Gil Press/Forbes)
ESA astronomers say they used AI model AnomalyMatch to scan 100M image cutouts from the Hubble Legacy Archive in 2.5 days, finding ~1,400 "anomalous objects" (Robert Hart/The Verge)
Outtake, which uses autonomous AI agents to help companies detect and remove cyberthreats, raised $40M led by Iconiq, after a $16.5M Series A in April 2025 (Samantha Subin/CNBC)
Adaptive6, which treats cloud cost inefficiencies as security vulnerabilities to help companies cut bills, raised a $28M Series A, for $44M in total funding (Mike Wheatley/SiliconANGLE)
Slice, which uses AI agents to encode tax policies and legal rules across 60+ countries, raised a $25M Series A led by Insight, taking its total funding to $32M (Mary Ann Azevedo/This Week in Fintech)
Internal documents from 2025: Microsoft expects its annual water consumption to reach 28B liters by 2030, up from 7.9B liters in 2020 and 10.4B liters in 2024 (New York Times)
Amazon appears to mistakenly alert some AWS employees about planned layoffs in an email invite to a Wednesday "Project Dawn" meeting about company efficiency (Business Insider)
Memo: Tim Cook told employees that he is "heartbroken by the events in Minneapolis" and calls for a "deescalation" (Mark Gurman/Bloomberg)
Sources: Anthropic raises its revenue forecasts to $18B in 2026, $55B in 2027, and $148B in 2029, delaying its cash flow positive expectations by a year to 2028 (Sri Muppidi/The Information)
Amazon partners with Harris Farm to offer fresh food delivery in Australia for the first time, starting in inner Sydney, free for Prime members on AU$100 orders (Carrie LaFrenz/Australian Financial Review)
Sources: China approved its first batch of Nvidia H200 chips for import, covering several hundred thousand units, during Jensen Huang's visit to China this week (Reuters)
Sources: C3.ai is in talks to merge with Automation Anywhere, which would go public in the deal; C3.ai's market cap is now ~$1.7B, a tenth of its 2020 valuation (The Information)
Sources: Nvidia has allocated ~70% of its 2026 HBM4 demand to SK hynix; Counterpoint estimates SK hynix will account for 54% of the global HBM4 market in 2026 (Kang Yoon-seung/Yonhap News Agency)
Sources: Elon Musk has proposed timing SpaceX's IPO with a rare planetary alignment and his June birthday; SpaceX seeks as much as $50B at a ~$1.5T valuation (Financial Times)
AI Whistleblower Initiative says OpenAI recently updated its whistleblower policy, addressing 8 of 13 recommendations and going further than Anthropic's policy (Rocket Drew/The Information)
Sources: Hugging Face declined Nvidia's $500M investment offer at a $7B valuation in late 2025; Hugging Face says it does not want a single dominant investor (Melissa Heikkilä/Financial Times)

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