Bloomberg:
Sources: at least six of China's biggest VC firms are targeting a combined $2B in new USD-denominated funds to allow overseas investment in Chinese startups  —  China's largest venture capital houses are tapping the market for at least $2 billion in new funds, re-engaging with the country's startups …

Ivan Levingston / Financial Times:
Sources: Vy Capital, which has ~$15B of AUM and is a top backer of Elon Musk's companies, told external investors that it will not raise further outside money  —  Secretive tech investment group has racked up gains after backing companies such as SpaceX and xAI

Samuel Stolton / Bloomberg:
The European Commission accepts Corning's offer to end exclusivity terms in its supply contracts, ending an antitrust investigation opened in November 2024  —  Corning Inc. has avoided the threat of European Union antitrust fines, after it agreed to end exclusivity terms in its supply contracts …

Wall Street Journal:
Sources: Mark Zuckerberg has offered 10+ OpenAI researchers packages of $300M over four years, and asked OpenAI's Mark Chen if he would consider joining Meta  —  The cutthroat recruitment efforts to land the smartest minds in Silicon Valley have hit a feverish new peak in recent days

Stephen Nellis / Reuters:
Microsoft says it will no longer use China-based engineers to provide technical support to the US military, after a ProPublica report raised security concerns  —  Microsoft (MSFT.O) on Friday said it will stop using China-based engineers to provide technical assistance to the U.S. military …