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Techmeme

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Socket, which helps companies safeguard open-source code against hackers, raised $60M led by Thrive Capital at a $1B valuation (Dina Bass/Bloomberg)
Mercury, which provides banking services to startups, raised a $200M Series D led by TCV at a $5.2B valuation, up from $3.5B in March 2025 (Hugh Son/CNBC)
Samsung Electronics and its South Korean labor union reach a preliminary pay deal; the union says it has suspended a general strike and put the deal to a vote (Reuters)
Variational, which has built a protocol for decentralized derivatives trading aimed at gathering liquidity from traditional markets, raised a $50M Series A (Jack Kubinec/Fortune)
NanoClaw creator NanoCo raised a $12M seed led by Valley Capital and says it is booking enterprise customers; co-founders say they rejected a $20M buyout offer (Julie Bort/TechCrunch)
Stability AI releases a new family of audio models called Stable Audio 3.0 that is trained on licensed data; the top model can generate six-minute songs (Ivan Mehta/TechCrunch)
OpenAI's Chris Lehane says he is pursuing "reverse federalism", lobbying blue states to pass AI safety laws and create a de facto US standard, as DC dithers (Brendan Bordelon/Politico)
An interview with Match Group CEO Spencer Rascoff about plans for Tinder, including a redesign, AI features, live events, and group dating to win over Gen Z (Samantha Kelly/Bloomberg)
Internal memo: Mark Zuckerberg told employees that he does not expect more company-wide layoffs this year (Katie Paul/Reuters)
Internal memo: Xbox hires game industry analyst Matthew Ball as chief strategy officer, and names Scott Van Vliet, who led Azure AI infrastructure, as Xbox CTO (Tom Warren/The Verge)
Ubisoft reports a record operating loss of $1.40B for the year to March and says sales in 2026-27 would fall by about 8% to 9%; UBI falls 6%+ (Reuters)
Sources: OpenAI is preparing to file confidentially for an IPO as early as Friday; the company plans to be ready to go public as early as September (Wall Street Journal)
OpenAI introduces Guaranteed Capacity, a new offering that lets customers guarantee access to OpenAI's compute through one- to three-year commitments (OpenAI)
Google adds a conversational search feature to YouTube and rolls out the new Gemini Omni model in YouTube Shorts Remix and the Create app (Sanuj Bhatia/Android Central)
Analog Devices agrees to buy Empower Semiconductor, which makes chips used to regulate voltage, for $1.5B in cash (Katherine Hamilton/Wall Street Journal)
Roblox authorizes its first share buyback program, aiming to repurchase up to $3B of its stock, including $1B over the next year; RBLX is down ~45% YTD (Cecilia D'Anastasio/Bloomberg)
Sources: SpaceX expects to proceed with its acquisition of Cursor 30 days after its public trading debut, which is expected to occur on June 12 (Bloomberg)
Threat actors published 600+ malicious versions to npm as part of the Shai-Hulud supply chain campaign; most of the affected packages are in the @antv ecosystem (Bill Toulas/BleepingComputer)
Sources: Zyphra, which trains and runs inference for its open-weight models on AMD hardware, is raising a $500M Series B at a valuation of at least $5B (Anna Tong/Forbes)
Sources detail growing concerns inside SoftBank over Masayoshi Son's $60B+ bet on OpenAI, which some fear concentrates too much capital into a single company (Bloomberg)

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