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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.

Tue, May 12
Wed, May 13

FUNDRAISING ANNOUNCEMENTS

  • Recursive Intelligence emerges from stealth with $650M and a team of AI luminaries to build recursive self-improving AI
  • Vori raises $22M to bring Walmart-grade automation to independent grocery stores, hitting $500M in payments
  • TrueShort becomes the number-one true crime app with AI-generated vertical films, hits $1M annualized ARR in six months
  • Roadrunner raises $27M from Founders Fund and Kleiner Perkins to modernize AI-era CPQ and revenue infrastructure

GUEST INTERVIEWS

  • Max Levchin: Affirm targets $100B GMV doubling at 25% annual growth with AI writing 75% of code
  • Varda Space secures first-ever commercial pharmaceutical manufacturing deal in orbit with United Therapeutics
  • Nebius posts 841% year-over-year AI cloud revenue growth, acquires two inference optimization teams to accelerate GPU efficiency

NEWS

  • Anthropic grants Japan's three mega-banks access to Claude Mythos — first East Asian expansion
  • SpaceX and Google in talks to launch orbital data centers ahead of historic SpaceX IPO
  • US inflation accelerates to 3.8% as producer prices jump 6% year-over-year, stagflation fears rise

COMMENTARY

  • Trump and Xi meet in Beijing with Elon, Jensen, and Tim Cook in tow — what's actually at stake