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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)
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Xiaomi CEO Lei Jun says on Weibo that the company invested ~$1.9B to build its Xring O1 chip and plans to invest $6.9B+ in chip design over the next decade (Reuters)
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President Trump told reporters he would announce the tariff rate on imported semiconductors over the next week, giving some flexibility to certain companies (Reuters)
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The cybersecurity industry is mostly quiet after Trump canceled SentinelOne’s security clearances for hiring Chris Krebs; SentinelOne says it will cooperate (Reuters)
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Intel CEO Lip-Bu Tan and his VC firms invested in 600+ Chinese tech companies including 8+ with military ties; a source says he divested the positions (Reuters)
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TSMC and Foxconn fell by the Taiex exchange’s daily 10% limit on April 7 as US tariffs roil global supply chains; Taiwan’s 32% tariff is among Asia’s highest (Reuters)
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a TikTok deal, which was largely finalized by Wednesday, was put on hold after China indicated it would the reject the deal over Trump’s tariffs (Reuters)
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The Bot Company, co-founded by ex-Cruise CEO Kyle Vogt to make AI-powered household robots, raised $150M at a $2B valuation, up from $550M in May 2024 (Reuters)
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