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Sources: Donald Trump Jr. got ~$300K in Kalshi equity after becoming a strategic adviser in 2025, when the company was valued at ~$2B; Kalshi is now worth $22B+ (George Steer/Financial Times)
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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 (Tim Clark/PC Gamer)
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Italy is investigating Microsoft 365's price hike, saying Microsoft did not adequately inform users that it was integrating AI tools like Copilot into the suite (Giulia Segreti/Reuters)
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A study of 408 teens in Australia finds 80%+ were still using social media three months after the ban came into force, citing inadequate age verification checks (Anna Bawden/The Guardian)
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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 (Financial Times)
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Despite the "DeepMind mafia" pulling billions into London AI startups, none of Demis Hassabis' former lieutenants is building a homegrown UK frontier AI model (Tim Bradshaw/Financial Times)
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Shares of Japanese NAND flash maker Kioxia slid 12% on Friday after a report that OpenAI was considering delaying its IPO sparked a selloff in AI-related shares (Sam Nussey/Reuters)
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Sources: during SpaceX's IPO roadshow, COO Gwynne Shotwell told investors that it may launch a Starlink mobile service and build its own terrestrial US network (Financial Times)
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Swiss watchmaker Swatch seeks $170M from Samsung in a London trial over 26 digital watch face apps that allegedly cloned luxury brand designs, including Omega (Alistair Gray/Financial Times)
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OpenAI says 97.9% of its employees are now using Codex, up from ~40% in August 2025; non-developer Codex usage is up 137x for individuals and 12x within OpenAI (Thomas Claburn/The Register)
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Warp, a startup using AI to automate payroll compliance and employee management, raised a $60M Series B led by Battery, bringing its total funding to $85M (Lucinda Shen/Axios)
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Utah-based ecommerce tech company Redo raised an $81M Series B at a $1.25B valuation led by Smash Capital, with participation from Pelion and Cervin (David Politis/Utah Money Watch)
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SoftBank's stock fell 12.53% after a report that OpenAI may delay its IPO until 2027; expectations of a windfall from OpenAI's debut had buoyed Softbank's stock (Aya Wagatsuma/Bloomberg)
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California launches a tool designed to be an "early warning system" for widespread AI-driven job loss, linking AI exposure with unemployment insurance claims (Jo Constantz/Bloomberg)
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Upside, which provides social workers with AI-powered housing insights, raised a $20M Series A led by Aquiline with Flare Capital, 645, and others participating (Cailey Gleeson/Fierce Healthcare)
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How the US AI build-out is pushing up prices for electricity, software, and more; in a survey, 81% of economists say it will add to inflation over the next year (Justin Lahart/Wall Street Journal)
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Elastic announces a ~7% reduction in its workforce, and says "advances in AI and automation are letting us operate with leaner teams"; ESTC closed down 8.70% (Richard Speed/The Register)
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YouTube rolls out changes to Shorts, including adding a setting to double playback speed, eliminating the "dislike" button, and more (Lucas Ropek/TechCrunch)
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Doc: the DOD has quietly revised its doctrine on how the US military picks its targets, envisioning "systems where AI initiates actions with human monitoring" (Katrina Manson/Bloomberg)
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NHTSA proposes eliminating the mandate for manual brake pedals in "vehicles designed to be driven exclusively by automated driving systems" (Sean O'Kane/TechCrunch)
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