TechCrunch Top 3

Tesla reportedly might sell its China business ahead of a SpaceX merger: Tesla had already reportedly prepped for the idea in the event that Beijing invades Taiwan. Read More

Reddit is testing a new way to watch — and listen to — its viral posts: Reddit is developing a new video experience that lets users watch — or simply listen to — its most popular posts, taking inspiration from the viral TikTok videos that pair Reddit stories with gameplay or other footage. CEO Steve Huffman said the feature is already in the works and could begin testing later this year. Read More

Smallest.ai raises $13M to build ultra-fast voice AI that sounds genuinely human: The startup is building voice models designed to make AI phone calls pass the Turing test. Read More

A message from General Compute

General Compute is making a $300m bet against the GPU

General Compute raised $15m to build the world's first ASIC cloud. By removing the GPU bottleneck, it runs frontier LLMs up to 16x faster than standard GPU clouds. ASIC silicon is also far more energy efficient, so it deploys in air-cooled data centers, making growth and expansion dramatically easier.

Learn more here

Morning Must-Reads

Investors love AI, as long as you’re a cloud host: Amazon isn't slowing down on data center spending — but investors don't seem to mind. Read More

Judge says Trump admin still lacks evidence for Anthropic ‘supply-chain risk’ label: A federal judge said the Trump administration has not presented enough evidence to justify labeling Anthropic a supply-chain risk, casting doubt on the government's ban on its AI technology. Read More

Anthropic says its own AI models breached three companies during security tests: After OpenAI's models broke into Hugging Face, Anthropic checked its own history and found three similar incidents Read More

WhatsApp is testing a new folder for messages from large businesses: WhatsApp will automatically move messages from large businesses to a new folder a few hours after you receive them Read More

AI hedge fund Situational Awareness may have sold its public portfolio, but it still has its Anthropic shares: The former OpenAI researcher’s fund was forced to unwind public equities after leveraged public bets plummeted. But he still has cards to play. Read More

Last but Not Least

Repeat founder Ryan Williams raises $10M seed for an AI startup for private credit managers: Ellis AI announced Thursday its emergence from stealth with $10 million in seed funding. Read More