Oratomic raises $300M to build a viable quantum computer that needs only 20K qubits
The massive round was co-led by ARCH Venture Partners, Spark Capital, and Khosla Ventures.
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Dumb Co dared me to trade my iPhone for a hacked flip phone
Dumb Co sells flip phones that sync to your smartphone, bridging the infinite connectivity of the iPhone and the unrealistic limitations of an early 2000s relic.
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Disney+ is considering a free streaming tier, report says
The launch of free content would allow Disney+ to better compete with free services like YouTube and Tubi, which are capturing a growing share of consumers’ viewing time.
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China is catching up to Elon Musk’s reusable rockets
China’s state-owned space company recovered its first orbital rocket booster after launch.
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A new app, HyperTexting, turns the open web into a scrollable social media-like feed
HyperTexting’s new app aims to make the open web feel more like social media by turning websites, blogs, newsletters, and podcasts into a scrollable feed, while also making it easier to post to your own website.
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AI | Enterprise | Hardware
SK Hynix raises $26.5B in the biggest foreign IPO in US history, is urged to build new US fabs
The AI chip boom just produced its biggest Wall Street moment yet. Now SK Hynix and Samsung are being asked to build U.S. factories.
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Apps | Fundraising | Social | Venture
Filing: College app Fizz accuses VC of sharing confidential startup information with rival Sidechat
Fizz has expanded its lawsuit against rival Sidechat, alleging that a Maveron VC shared its confidential information obtained during a fundraising meeting with the competing startup.
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Apple sues OpenAI over alleged trade secret theft
Apple alleges the misconduct was directed by OpenAI’s senior leadership, including a longtime former employee.
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Bluesky’s interim CEO, Toni Schneider, drops the ‘interim’
Schneider, who formerly served as the CEO of Automattic and is a partner at True Ventures, says he is “all in” on the unconventional social media platform.
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Meta removes controversial AI feature on Instagram after backlash
“Our intent was to provide a useful creative tool and to give people control over whether their public content could be referenced in this way,” the company said in a blog post. “We’ve heard the feedback that this feature missed the mark, so it’s no longer available.”
