Sources: Meta is in talks for a potential multibillion-dollar investment in Scale AI, Meta's largest external AI investment; Scale AI was last valued at ~$14B — The financing could exceed $10 billion in value, some of the people said, making it one of the largest private company funding events of all time.
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An in-depth look at the US SEC's EDGAR system breach that was disclosed in 2017, as one of the key hackers, Olga Kuprina, says EDGAR remains a soft target — When a notorious gang of Ukrainian cybercriminals hit a crucial database, the regulator quickly downplayed the breach.
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Voxel, whose AI-powered logistics safety software integrates into existing security cameras to detect and predict workplace hazards, raised a $44M Series B — Logistics safety startup Voxel closed a $44 million Series B led by NewRoad Capital Partners, CEO Vernon O'Donnell tells Axios Pro exclusively.
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Sources: Mistral AI has closed or is closing a handful of commercial contracts, each worth $100M+ over three to five years, as it expands its own infrastructure — Start-up has embarked on expansion of its own infrastructure and secured significant contracts
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Former Apple employees say integrating LLMs with Siri has led to bugs, an issue not faced by companies that have built GenAI-based voice assistants from scratch — iPhone-maker hit by technological challenges that have led to delays to the full rollout of its ‘Apple Intelligence’ features
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Obvio, which uses AI-powered stop sign cameras to detect infractions, raised a $22M Series A led by Bain to expand beyond its first five cities in Maryland — American streets are incredibly dangerous for pedestrians. A San Carlos, California-based startup called Obvio thinks it can change …
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Singapore-based investment app Syfe raised a $53M Series C extension, taking the round to $80M and total funding to $132M, and plans to expand into Hong Kong — Singapore-based Syfe's expansion plans reflect the city's position as the largest hedge fund and cross-border wealth management hub in Asia
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Filipino workers in Taiwan's chip industry report struggling with overwork and discrimination, citing overnight shifts of up to 16 hours and abusive treatment — A record number of people are leaving the Philippines to work in Taiwanese factories, where they face long shifts, low pay, and unequal treatment.
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Some WordPress veterans and the Linux Foundation start FAIR, a federated update network to decentralize WordPress infrastructure and boost supply chain security — Backed by the Linux Foundation, the new federated update network aims to decentralize WordPress infrastructure …
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Justin Sun-linked BiT Global dismisses with prejudice its lawsuit against Coinbase for delisting wBTC; the delisting followed Coinbase launching rival cbBTC — BiT Global agreed to dismiss its lawsuit against Coinbase, with each party covering its own legal expenses. — What to know:
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Enterprise vibe coding startup Superblocks raised a $23M Series A, bringing its total funding to $60M, and launched an enterprise coding AI agent called Clark — Brad Menezes, CEO of enterprise vibe coding startup Superblocks, believes the next crop of billion-dollar startup ideas are hiding …
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Bill Atkinson, a pioneering Apple engineer and key member of the original Macintosh team, died on June 5, at age 74 from pancreatic cancer — From his family, on Atkinson's Facebook page: … One of the great heroes in not just Apple history, but computer history.
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An interview with Leah Belsky, OpenAI's VP of Education, as the startup competes with Google and others to offer premium AI tools to universities and students — OpenAI, the firm that helped spark chatbot cheating, wants to embed A.I. in every facet of college. First up: 460,000 students at Cal State.
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Sources: the UK has delayed proposals to regulate AI, with plans to introduce an AI bill in 2026 to address concerns about issues like safety and copyright — Law expected to include safety and copyright issues but delay likely to raise concerns about ongoing lack of regulation
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Sources: before installing Starlink at the White House in February, DOGE ignored security concerns that the service bypasses traditional WH security controls — Starlink satellite connections in the White House bypass controls meant to stop leaks and hacking.
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The UK High Court warns lawyers of possible criminal charges for using AI-generated fake legal material, citing two recent cases with hallucinated content — A senior judge said on Friday that lawyers could be prosecuted for presenting material that had been “hallucinated” by artificial intelligence tools.
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Sources: ByteDance replaced some TikTok Shop's US staff in Seattle with China-based managers after 2024 revenue hit $9B, far short of its $17.5B goal — TikTok Shop initially set a goal to increase its US e-commerce business tenfold last year to $17.5 billion in transaction volume …
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Microsoft plans to add a “safety” category to its AI leaderboard on Azure Foundry, with a safety metric based on its ToxiGen and CAIS's WMD Proxy benchmarks — Tech group's corporate clients use its ‘leaderboard’ to assess rival offerings by likes of OpenAI and Elon Musk's xAI
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YouTube rolls out a tool to let some creators upload different thumbnails for each video dubbed into a different language, to help expand their global audience — - YouTube is adding a new tool to let creators change thumbnails for videos in different languages.
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A profile of Panos Panay, head of devices and services at Amazon, who has scaled back new releases to focus on perfecting products like Alexa+ before rollout — Panos Panay needs the more advanced Alexa+ assistant to be a hit. For 10 years, the product has struggled to evolve.
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New apps are helping immigrants navigate Trump's deportation crackdown, including by alerting users to locations of ICE raids and informing them of their rights — With tightening immigration policies and rising fears of deportation, new apps provide migrants with resources to stay prepared and connected.
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CapVest-owned Datasite, which offers workflow automation tech for dealmaking, acquires Grata, which helps users with all aspects of the deal process, for $200M+ — Datasite, a private equity-backed company that caters to dealmakers, has acquired private markets-focused Grata for more than $200 million …
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AI research nonprofit EleutherAI releases the Common Pile v0.1, an 8TB dataset of licensed and open-domain text for AI models that it says is one of the largest — EleutherAI, an AI research organization, has released what it claims is one of the largest collections of licensed and open-domain text for training AI models.
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Simetrik, which uses AI to automate account reconciliation, raised a $30M Series B extension led by a Goldman Sachs Alternatives unit, taking the round to $85M — Simetrik, a financial and accounting services startup, raised $30 million in fresh funding led by a unit of Goldman Sachs Alternatives.
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Boulder, CO-based quantum computing startup Infleqtion raised a $100M Series C and partnered with US government services contractor SAIC to pursue defense deals — Quantum computing firm Infleqtion said on Monday it has raised $100 million in venture capital and paired with government …
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Beijing-based Kuaishou's stock climbs after the company said it expects its video-generation service Kling AI to hit $100M in annual revenue by February 2026 — The nascent service brought in more than 100 million yuan ($14 million) of subscription bookings in both April and May, the company said in a statement.
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Walmart's Flipkart secures a lending license from the RBI, letting the e-commerce company offer loans directly to Indian customers and sellers on its platform — Walmart's (WMT.N) Flipkart has secured a lending licence from the Indian central bank and banking regulator …
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