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Every weekday we send you summaries of the latest fundraises, interviews and tech news in Silicon Valley from TBPN — technology's daily show.

Mon, May 4
Tue, May 5

FUNDRAISING ANNOUNCEMENTS

  • Blitzy raises $200M at $1.4B valuation to autonomously refactor enterprise legacy codebases over weeks

GUEST INTERVIEWS

  • Shopify hits $101B GMV quarter as agentic commerce orders surge 13x year-over-year
  • GE Vernova CEO: AI is 20% of our backlog, nuclear SMRs coming by 2031-2032, commissioning 10GW for TSMC in Taiwan
  • Lambda Labs names Michel Combes as CEO as co-founder Stephen Balaban transitions to CTO
  • Ryan Cohen LIVE: GameStop's $56B bid for eBay is half cash, half stock — and he wants to run it like a startup

NEWS

  • OpenAI vs. Musk trial heats up: Brockman testifies he thought Musk was going to hit him
  • Google, Microsoft, and xAI join pre-release AI model review agreements with the US government
  • Coinbase cuts 14% of staff, cites crypto bear market and AI productivity shift
  • Meta's $125B CapEx bet worries investors who fear a metaverse repeat
  • Long Lake takes Amex Global Business Travel private in $6.3B buyout