- An investigation traces how Shanghai-based AI company INF Tech accessed advanced Nvidia chips at an Indonesian data center despite US export controls (Wall Street Journal)
- Foxglove, which is building a data and observability platform for robotics companies, raised a $40M Series B led by Bessemer, bringing its total funding to $58M (Steve Crowe/The Robot Report)
- US Attorney Jeanine Pirro launches a federal investigative task force to crack down on overseas crime organizations behind crypto scams targeting Americans (Salvador Rizzo/Washington Post)
- Even Realities' G2 glasses hands-on: lighter than G1, subtle notifications on lens that cross eye line, designed to be a "passive wearable" akin to Apple Watch (Fernando Silva/9to5Mac)
- GC AI, which provides in-house corporate legal teams with AI tools for common tasks, raised a $60M Series B led by Scale and Northzone at a $555M valuation (Sara Merken/Reuters)
- FanDuel and CME Group plan to launch FanDuel Predicts, a prediction market app, in December, bypassing restrictions in US states where gambling is illegal (Stephanie Stacey/Financial Times)
- Google says it will allow "experienced users" to install Android apps from unverified developers, following backlash against new sideloading restrictions (Mishaal Rahman/Android Authority)
- Satya Nadella says Microsoft has access to "all" of OpenAI's custom AI chip work and plans to use it to help develop its own in-house chip (Brody Ford/Bloomberg)
- Tavus, which develops enterprise AI agents focused on employee recruitment and training, raised a $40M Series B led by CRV (Chris Metinko/Axios)
- Valve's Steam Frame hands-on: the back-mounted battery and 185g visor make it very comfortable, streaming is stable, but the display has poor contrast (UploadVR)
- Google launches Cameyo by Google, after acquiring the software virtualization company in June 2024, to help organizations run legacy Windows apps on ChromeOS (Jess Weatherbed/The Verge)
- A Dubai court orders a worldwide freeze on $456M in reserves linked to Justin Sun's bailout of Techteryx's TrueUSD, saying there's evidence of a breach of trust (Sam Reynolds/CoinDesk)
- Former Twitter CEO Parag Agrawal's Parallel Web Systems, which is building tools for AI agents to search the web, raised a $100M Series A at a $740M valuation (Tom Dotan/Newcomer)
- Cisco reports Q1 revenue up 8% YoY to $14.88B, vs. $14.77B est., net income up 5% to $2.86B, and forecasts Q2 revenue above est.; CSCO jumps 5%+ after hours (Ari Levy/CNBC)
- Boston-based Code Metal, which uses AI to help engineers translate code into other languages, raised a $36.5M Series A led by Accel at a $250M valuation (Lora Kolodny/CNBC)