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Sources: TikTok Shop cuts several hundred jobs in Indonesia, leaving Tokopedia and TikTok Shop with ~2,500 employees in the country, down from ~5,000 last year (Olivia Poh/Bloomberg)
2025-05-31 05:26 - https://www.techmeme.com/feed.xml
 
Defense tech firm Leidos acquires VA-based Kudu Dynamics, which provides AI-enabled cyber defense and offense tools to the US DOD and other customers, for $300M (Courtney Albon/Defense News)
2025-05-31 05:26 - https://www.techmeme.com/feed.xml
 
Nvidia reported record gaming revenue of $3.76B in Q1, up 42% YoY, driven by sales of its Blackwell chips that are used to enhance game graphics through DLSS (Max Knoblauch/Sherwood News)
2025-05-31 05:26 - https://www.techmeme.com/feed.xml
 
Docs and sources: Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by "round-tripping" sales worth ~$60M from 2021-2024 (Bloomberg)
2025-05-31 04:26 - https://www.techmeme.com/feed.xml
 
NYC-based Empathy, which runs an online platform providing on-demand tools and guidance for bereaving families, raised a $72M Series C led by Adams Street (Allie Garfinkle/Fortune)
2025-05-31 04:26 - https://www.techmeme.com/feed.xml
 
Vista Equity Partners agrees to acquire ERP software provider Acumatica from PE firm EQT, sources say in a deal that values Acumatica at ~$2B including debt (Bloomberg)
2025-05-31 03:25 - https://www.techmeme.com/feed.xml
 
Boston-based cloud cost management startup CloudZero raised a $56M Series C led by BlueCrest Capital Management and Innovius Capital (Chris Metinko/Axios)
2025-05-31 01:25 - https://www.techmeme.com/feed.xml
 
Sources: Elon Musk is pushing lawmakers to help clear a path for driverless vehicles and has been weighing in on revisions of a bill on autonomous vehicles (Bloomberg)
2025-05-31 01:25 - https://www.techmeme.com/feed.xml
 
Sources: Anthropic has been lobbying Congress to oppose a bill banning states from regulating AI, and pushed against the recent US AI deal with Gulf states (Reed Albergotti/Semafor)
2025-05-31 00:25 - https://www.techmeme.com/feed.xml
 
Sources: Anthropic's annualized revenue hit ~$3B at the end of May, driven by business demand, up from $2B around the end of March and ~$1B in December 2024 (Reuters)
2025-05-30 23:25 - https://www.techmeme.com/feed.xml
 
US v. Google: during closing arguments, a judge queried both sides on ideas to limit Google's monopoly in search and said he expects to issue a ruling in August (Wall Street Journal)
2025-05-30 23:25 - https://www.techmeme.com/feed.xml
 
Sources: the White House is finalizing EOs on drones that could end Chinese drone sales in the US, update federal rules on where drones can be flown, and more (Washington Post)
2025-05-30 22:25 - https://www.techmeme.com/feed.xml
 
Sources: Abridge, which uses AI to transcribe medical chats, is raising $300M led by a16z at a $5.3B valuation, up from $2.75B in February when it raised $250M (Kate Clark/Bloomberg)
2025-05-30 21:25 - https://www.techmeme.com/feed.xml
 
Automattic says it will resume contributing to the WordPress project, after announcing a pause in April (Sarah Perez/TechCrunch)
2025-05-30 19:24 - https://www.techmeme.com/feed.xml
 
Q&A with Mary Meeker on publishing her first Trends report since 2019, its focus on the AI revolution, why OpenAI may have an insurmountable lead, and more (Dan Primack/Axios)
2025-05-30 20:24 - https://www.techmeme.com/feed.xml
 
Sources: Trump administration plans to expand Entity List restrictions to cover subsidiaries of Chinese companies, aiming to block workarounds via new offshoots (Bloomberg)
2025-05-30 19:24 - https://www.techmeme.com/feed.xml
 
Sources: TSMC is evaluating building a "gigafab" in the UAE and has discussed the possibility with MGX and officials in the Trump administration (Bloomberg)
2025-05-30 18:24 - https://www.techmeme.com/feed.xml
 
Microsoft hires ex-Biden administration lawyer Lisa Monaco as president of global affairs and promotes ex-Trump official C.J. Mahoney to general counsel (Ina Fried/Axios)
2025-05-30 17:24 - https://www.techmeme.com/feed.xml
 
Sources: Atticus, a stealthy stablecoin banking startup, is in advanced talks to raise new funding led by Palmer Luckey at a valuation of between $1.5B and $2B (Axios)
2025-05-30 17:24 - https://www.techmeme.com/feed.xml
 
Prepared, which offers AI tools to modernize emergency response systems, raised a $80M Series C led by General Catalyst, bringing its total funding to ~$135.2M (Duncan Riley/SiliconANGLE)
2025-05-30 17:24 - https://www.techmeme.com/feed.xml
 
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