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Techmeme

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How Black Forest Labs, a 70-person startup based in Germany, became a top competitor in AI image generation; sources: it recently declined to partner with xAI (Maxwell Zeff/Wired)
Sources: Anthropic is weighing the possibility of designing its own chips, but it has yet to commit to a design or put together a dedicated team for the project (Reuters)
Sources: SpaceX lost just under $5B last year while generating more than $18.5B in revenue; the loss figure includes xAI (Cory Weinberg/The Information)
Alibaba led a ~$293M funding round for ShengShu, just two months after the creator of the Vidu AI video generator raised ~$88M (Bloomberg)
Sources: US Treasury Secretary Scott Bessent and Fed Chair Jerome Powell warned bank CEOs about Anthropic's Mythos model's risks at an urgent meeting Tuesday (Bloomberg)
Apple is closing its Towson, Maryland store, the first US location where retail employees unionized; the union says it is "outraged" and exploring legal options (Joe Rossignol/MacRumors)
Luminai, an AI-native platform for automating administrative healthcare workflows, raised a $38M Series B led by Peak XV, bringing its total funding to $60M (Seth Joseph/Forbes)
AfterQuery, which sells coding and finance training data to AI labs, says it raised a $30M Series A at a $300M valuation, and has hit a $100M+ annual run rate (Anna Tong/Forbes)
Sources: Alibaba appointed Cloud CTO Zhou Jingren to lead its AI unit after a pivot from open source to monetizable "MaaS" models led to Qwen exec departures (Financial Times)
OpenAI backs an Illinois bill shielding AI labs from liability even for "critical harms," like 100+ deaths or $1B+ damage, if safety reports were published (Maxwell Zeff/Wired)
TSMC reports Q1 revenue up 35% YoY to ~$35.6B, above ~$35.2B est., signaling global chip demand remained intact during early weeks of the war in the Middle East (Debby Wu/Bloomberg)
Documents: Shenzhen-based computing company Sharetronic bought hundreds of Super Micro systems containing banned Nvidia H100 and H200 chips in 2025, worth ~$92M (Bloomberg)
HSBC and Standard Chartered obtain the first stablecoin licenses in Hong Kong, beating 34 other applicants; they are expected to issue stablecoins in H2 2026 (Kiuyan Wong/Bloomberg)
The CIA says it recently used AI to create its first-ever autonomous intelligence report, and plans to build "AI co-workers" into all of its analytic platforms (John Sakellariadis/Politico)
Apple led global Q1 smartphone shipments for the first time with a 21% market share in Q1 2026; overall smartphone shipments fell due to memory chip shortages (Counterpoint Research)
Source: OpenAI is finalizing a model with advanced cybersecurity capabilities that it plans to release only to a small set of companies, similar to Anthropic (Sam Sabin/Axios)
A survey of 1,500 people aged 14 to 29: hopefulness regarding AI has dropped from 27% to 18% over the past year, and 50% report using GenAI daily or weekly (Callie Holtermann/New York Times)
Meta commits to spending additional $21B on AI cloud infrastructure from CoreWeave, running from 2027 to 2032, on top of its prior $14.2B deal that ends in 2031 (Jordan Novet/CNBC)
Sources: Alibaba anonymously released an AI video model called HappyHorse-1.0, which ranks top of Artificial Analysis' AI model leaderboard, above Seedance 2.0 (Juro Osawa/The Information)
Spotify is adding toggles to stop video from playing inside the app for both music and podcasts, rolling out worldwide on all platforms and devices (Dominic Preston/The Verge)

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