Germany-based Quantum Systems, which sells surveillance drones used by Ukraine, raised $1.2B led by Blackstone, Noteus, Airbus, and Advent at an ~$8B valuation — Quantum Systems has raised $1.2 billion in a funding round, more than doubling the German drone startup's valuation …
The US sentences Guo Wengui, a self-exiled billionaire Chinese tycoon who defrauded his online followers out of hundreds of millions, to 30 years in prison — A self-exiled billionaire Chinese business tycoon once believed to be among China's wealthiest men was sentenced Monday to 30 years …
Q&A with Grindr CEO George Arison on turning Grindr into an “AI-native company”, “impos[ing]” AI on staff, facing “opposition”, using AI as a CEO, and more — George Arison, the gay dating app's chief executive, is aiming for all code to be eventually written …
Meituan open-sources LongCat-2.0, a 1.6T-parameter model that it says was trained on a 50K-chip cluster of domestic Chinese processors, without giving details — China's food delivery giant Meituan (3690.HK) said on Tuesday it had released and would open-source its next-generation LongCat …
Sources: CXMT and Tencent sign a ~$3B, three-year DRAM supply agreement for servers ahead of CXMT's IPO; CXMT is in talks with other major Chinese companies — Chinese memory chipmaker ChangXin Memory Technologies (CXMT) has signed a long-term supply agreement with Tencent Holdings (0700.HK) …
Australian government says it plans to double the maximum penalty for any social media company breaking its minimum age law and grant more powers to enforcers — The fine can now potentially hit 99 million AUD, or $68 million. — After becoming the first in the world to implement …
Australia-based Firmus partners with Nvidia to build its first data center in Batam, Indonesia; the 360 MW Nvidia DSX AI factory campus is developed with DayOne — Firmus Technologies Pty Ltd. will build its first data center project in Indonesia as part of a partnership with US chip giant Nvidia Corp. …
An analysis of US payroll data across 730+ occupations: employment among workers ages 22 to 25 in highly AI-exposed jobs is now shrinking by 3.8% per year — Last August, a team led by Stanford economist Erik Brynjolfsson published a deep look at the impact of AI on jobs, boosted by a …
Brazil, which has struggled to standardize soccer talent scouting, is embracing AI-powered scouting apps that assess players by analyzing video clips and more — Recruitment apps powered by artificial intelligence are gaining ground in Brazil, promising to even the playing field and find more soccer talent.
A look at South Korea's four vocational “meister” schools that train students to work in semiconductor manufacturing, leading to jobs at Samsung and SK Hynix — Chungbuk Semiconductor High School in Eumseong County, South Korea, is the oldest vocational high school …
Polymarket says its annualized revenue is now $1B+; Dune Analytics: daily volume on Polymarket's US platform rose from ~$50M in mid-May to $200M+ by June 20 — Prediction market platform Polymarket's annualized revenue are now well above $1 billion, the company shared exclusively with CNBC on Friday.
Streaming services must comply with a California law that bans playing ads louder than the content being watched from July 1, but its implementation is unclear — On July 1, it will be illegal for streaming platforms to play ads louder than the content being watched in California.
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 — The Epic Games CEO discusses his vision for “Team Open,” his objections to Steam's AI disclosure requirement, and the huge problems facing AAA game development.
Italy is investigating Microsoft 365's price hike, saying Microsoft failed to inform users that AI tools like Copilot were being integrated into the service — Italy's antitrust authority said on Friday it had opened an investigation into Microsoft (MSFT.O) over alleged unfair commercial practices linked …
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 — World's biggest crypto exchange tells customers how to withdraw their money as MiCA rules set to come into force
Lawrence Bonk / Engadget : Leaked renders via Android Headlines show the Samsung Galaxy Z Flip 8, Z Fold 8, Watch 9, and Watch Ultra 2; t...
