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China’s Moonshot AI raises $2B at $20B valuation as demand for open source AI skyrockets

Moonshot’s annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage.

DeepSeek could hit $45B valuation from its first investment round

The Chinese AI lab came to prominence in early 2025 after launching a large language model that trained on a fraction of the compute power and at a fraction of the cost of the big U.S. models like those from OpenAI and Anthropic.

Chrome on Android now supports approximate instead of precise location sharing

The new feature is a small win for Android users, as it gives them more control over how much location data they share with websites.

AI evaluation startup Braintrust confirms breach, tells every customer to rotate sensitive keys

Braintrust, a startup that makes an “operating system for engineers building AI software,” notified customers that hackers broke into one of its Amazon cloud environments, and is asking customers to rotate their API keys.

SpaceX may spend up to $119B on ‘Terafab’ chip factory in Texas

The project would be a “multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility,” according to the proposal.

DOJ says ransomware gang tapped into Russian government databases

U.S. prosecutors said a ransomware gang fueled Russian government corruption, and allowed the gang’s leaders to avoid paying taxes and dodge the country’s military draft.

Robinhood’s venture fund IPO attracted 150,000+ retail investors, CEO says

Robinhood CEO Vlad Tenev says more than 150,000 retail investors joined the fintech’s new venture fund, which offers exposure to private tech companies like OpenAI, Stripe, Databricks, and Oura before they go public.

How Elon Musk left OpenAI, according to Greg Brockman

Cutthroat negotiations between startup founders are rarely shared so publicly, especially when a company becomes as world-changing as OpenAI.

Insurance startup Corgi hits $1.3B valuation 4 months after its Series A

Corgi announced on Wednesday a $160 million Series B, led by TCV, valuing the startup at $1.3 billion.