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Cognichip, which is building an AI model for chip design, raised a $60M Series A led by Seligman Ventures, with participation from new board member Lip-Bu Tan (Tim Fernholz/TechCrunch)

Tim Fernholz / TechCrunch : Cognichip, which is building an AI model for chip design, raised a $60M Series A led by Seligman Ventures, with participation from new board member Lip-Bu Tan   —  The most advanced silicon chips have accelerated the development of artificial intelligence.  Now, can AI return the favor? from Techmeme https://ift.tt/e3nGPHZ via IFTTT
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Franklin Templeton agrees to acquire CoinFund spinoff 250 Digital to form Franklin Crypto, which will offer strategies designed for institutional investors (Vicky Ge Huang/Wall Street Journal)

Vicky Ge Huang / Wall Street Journal : Franklin Templeton agrees to acquire CoinFund spinoff 250 Digital to form Franklin Crypto, which will offer strategies designed for institutional investors   —  Money manager's crypto investment unit will offer strategies designed for institutional investors from Techmeme https://ift.tt/icQouVM via IFTTT
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Super Micro co-founder Yih-Shyan Liaw pleads not guilty to US federal charges of helping smuggle billions of dollars' worth of Nvidia-powered servers to China (Bob Van Voris/Bloomberg)

Bob Van Voris / Bloomberg : Super Micro co-founder Yih-Shyan Liaw pleads not guilty to US federal charges of helping smuggle billions of dollars' worth of Nvidia-powered servers to China   —  Super Micro Computer Inc. co-founder Yih-Shyan “Wally” Liaw pleaded not guilty Wednesday in New York to charges … from Techmeme https://ift.tt/nEc7LVx via IFTTT
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PrismML, which says its 1-bit LLM achieves radical compression without sacrificing performance, comes out of stealth with $16.25M in SAFE and seed funding (Steven Rosenbush/Wall Street Journal)

Steven Rosenbush / Wall Street Journal : PrismML, which says its 1-bit LLM achieves radical compression without sacrificing performance, comes out of stealth with $16.25M in SAFE and seed funding   —  PrismML says its 1-bit large language model achieves radical compression without sacrificing performance, lowering energy consumption from Techmeme https://ift.tt/dS5AGHo via IFTTT
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Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June (Aisha S Gani/Bloomberg)

Aisha S Gani / Bloomberg : Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June   —  Monzo Bank Ltd. is shuttering its US operations after years of failing to gain a foothold on the world's largest market … from Techmeme https://ift.tt/QyzKbu8 via IFTTT
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Tel Aviv-based Sett, which builds AI agents to automate game marketing, raised a $30M Series B led by Greenfield Partners, bringing its total funding to $57M (Meir Orbach/CTech)

Meir Orbach / CTech : Tel Aviv-based Sett, which builds AI agents to automate game marketing, raised a $30M Series B led by Greenfield Partners, bringing its total funding to $57M   —  The Israeli startup targets billions spent on user acquisition with agent-based automation.  —  Sett, which develops … from Techmeme https://ift.tt/H98A5fM via IFTTT
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Some developers say the App Store review process is taking significantly longer, up to multiple weeks, with an influx of vibe-coded apps as the likely cause (Business Insider)

Business Insider : Some developers say the App Store review process is taking significantly longer, up to multiple weeks, with an influx of vibe-coded apps as the likely cause   —  - Apple's App Store is seeing an influx of new apps each month.  — Developers say the flood of apps is increasing wait times. from Techmeme https://ift.tt/k8uasVA via IFTTT
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