TechCrunch Top 3

Travis Kalanick's robotics company raises $1.7B, led by a16z: Uber is also investing in Travis Kalanick's company Atoms, which has made gauzy claims about using industrial AI to modernize the world. Read More

How OpenAI’s human mistake led to the AI-powered hack on Hugging Face: OpenAI made a mistake setting up what it called a “highly isolated” testing environment and sandbox. According to cybersecurity experts, that human mistake is what made the AI-powered attack on Hugging Face possible. Read More

Monday.com lays off hundreds to focus on AI: The company said it is reducing its headcount by 20%, or about 630 staff, to "support a leaner, more focused operating model" as it focuses on its AI Work Platform. Read More

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Afternoon Must-Reads

Treasury threatens sanctions after White House claims Moonshot distilled Anthropic's Fable: Treasury Secretary Scott Bessent warned the U.S. government could sanction Chinese AI companies after White House officials accused Moonshot of distilling Anthropic's Fable model to develop Kimi K3. Read More

Glow emerges from stealth at $1.2B valuation to challenge endpoint security in the AI era: Glow is targeting a new class of endpoint risks created by the rapid adoption of AI agents and developer tools inside enterprises. Read More

Tesla spending skyrockets as Cybercab, Semi, Megapack production timeline slips: Tesla's 26% boost in revenue wasn't enough to offset rising operating expenses and capital expenditures as it pushes to launch a new generation of products. Read More

Google is making it easier to switch from iPhone to Android: The new feature lets users wirelessly transfer more data types from an iPhone without needing to download a separate app. Read More

OpenAI's AI spending spree has ballooned to $750B: OpenAI will spend the equivalent of Sweden's GDP on infrastructure through 2030. Read More

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Last but Not Least

Yope raises $12.3M to build a private social network without algorithms or ads: Yope, a fast-growing social app focused on private groups of friends and family, has raised $12.3 million in seed funding. Instead of chasing creators and algorithmic feeds, the startup is betting that the future of social networking lies in small, private communities powered by messaging, photo sharing, and AI features designed to strengthen real-world relationships. Read More