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General Compute, a new inference neocloud, raised a $15 million seed round at a $60 million post‑money valuation and booked a $300 million order for SambaNova’s upcoming SN50 chips. The company promises 600‑700 tokens per second per chip and a deployment model that fits into existing, air‑cooled data‑center infrastructure. General Compute’s Funding and Strategic Partnerships Seed round led by FUSE VC with participation from Carya Venture Partners and Village Global Ventures. Co‑founders Finn Puklowski (CEO) and Jason Goodison (CTO) partnered with SambaNova, an Intel‑backed chipmaker focused on inference. General Compute will be the first neocloud to deploy SambaNova’s SN50 chips, ordering $300 million worth of hardware. Colocation strategy includes traditional data‑center providers and repurposed crypto‑miner facilities. Financial Snapshot: $15 Million Seed and $300 Million Chip Order Seed funding: $15 million raised, valuing the company at $60 million post‑money. Chip commitment: $300 million of SN50 chips on order, enough to power a large inference fleet. Comparable market moves: Nvidia’s $20 billion acquisition of Groq (Dec 2025) and Cerebras’ $57 billion IPO (May 2026) illustrate the scale of inference‑focused investments. Implications for the AI Inference Landscape The shift from GPU‑centric training to specialized inference hardware is accelerating. SambaNova’s memory‑rich, flexible architecture claims to outperform GPUs, Groq, and Cerebras on token‑throughput, delivering 600‑700 tokens/sec versus ~250 tokens/sec for GPUs. Air‑cooled, low‑power chips lower the barrier to entry for colocation, enabling rapid deployment in existing facilities and even in repurposed crypto‑mining sites. This could democratize high‑speed inference, pressure pricing, and spur a wave of niche cloud providers focused on agent‑to‑agent workloads. What the Next Year May Hold for Inference‑First Cloud Providers When SambaNova releases its next‑gen chips later in 2026, General Compute’s early access positions it to capture a sizable share of the fast‑inference market. Expect: Increased competition among inference‑only clouds (e.g., CoreWeave, OpenRouter) to offer multi‑model routing and token‑cost optimization. More venture capital flowing into inference‑focused startups, mirroring the recent $113 million Series B for OpenRouter. Potential consolidation as larger players (Nvidia, Intel) seek partnerships or acquisitions to secure the most efficient inference stacks. Speed and cost efficiency will become the primary differentiators, shaping the architecture choices that dominate the AI future.

The Final Hour: Apply for Startup Battlefield 200 Today The application window for Startup Battlefield 200 closes today at 11:59 p.m. PT. This is the last chance for founders to apply or nominate a startup for a chance to compete for $100,000 in equity-free funding, gain global visibility, and connect directly with investors on the TechCrunch Disrupt stage. What Startup Battlefield 200 Offers Selected companies will showcase at TechCrunch Disrupt in front of 10,000+ attendees, leading venture capital firms, global media, and the broader TechCrunch audience. Founders gain direct investor access, live exposure, and the opportunity to prove they belong among the next generation of category-defining companies. Every selected company pitches live, whether on the Disrupt Stage or the Pitch Showcase Stage. Founders get direct investor access, live exposure, and the opportunity to prove they belong among the next generation of category-defining companies. The Impact of Startup Battlefield 200 More than 1,700 startups have participated in Startup Battlefield over the years. Together, they've raised over $32 billion and produced more than 250 exits, including acquisitions by Microsoft, Google, Salesforce, Uber, and Amazon. Eligibility and Application Applications are open globally across industries. Most selected startups are pre-Series A, though select Series A companies may qualify. To apply, startups should: Be building innovative, potentially category-defining products. Have a strong founding team. The Stakes Thousands apply every year. Only 200 are selected. Just 20 finalists pitch on the main Disrupt Stage. One startup wins $100,000 in equity-free funding. The Prediction If you're building something category-defining — or know a startup that deserves the spotlight — submit your nomination and complete your application before time runs out. The deadline closes tonight, 11:59 p.m. PT.

Lead: Beijing’s New Guard on AI Human CapitalChina is increasingly keeping its best AI talent to itself, imposing travel restrictions and mandatory government approval for foreign capital. The policy reflects a broader strategy to treat AI as both an economic engine and a national‑security priority.Travel Bans and Approval Requirements Target Top ResearchersResearchers, startup founders, and executives now need official clearance before traveling abroad.Restrictions were first reported by the Wall Street Journal in March 2025, advising top AI founders to avoid the U.S.Recent cases include the two co‑founders of Manus, barred from leaving China amid the Meta acquisition review.Quantifying the Controls: Deals, Funding, and Performance GapsMeta’s acquisition of Manus valued at $2 billion is under investigation for breaching foreign‑investment rules.The co‑founders are exploring a $1 billion buy‑back from external investors to unwind the deal.Stanford’s AI Index shows the performance gap between top U.S. and Chinese models narrowed to 2.7 % in March 2026, down from 31 % in 2023.China plans to require sign‑off before firms like Moonshot AI, StepFun, and ByteDance can accept U.S. capital, per Bloomberg (April 2026).2025 saw two rounds of export controls on 14 rare‑earth materials and a ban on state‑funded data centers using foreign AI chips.Implications for the Global AI Race and Capital FlowsThe restrictions tighten Beijing’s control over a talent pool that fuels rapid model training and fine‑tuning. While the U.S. still leads in model quality and high‑impact patents, China’s surge in publications, citations, and patent volume threatens to erode that advantage. Investment curbs could also deter U.S. venture capital, reshaping funding pathways for Chinese AI startups.Looking Ahead: Continued Containment or Strategic Opening?Analysts expect China to maintain, if not expand, travel and capital controls as it consolidates AI capabilities. Potential outcomes include a slower pace of cross‑border collaboration, increased domestic funding mechanisms, and heightened regulatory scrutiny of foreign acquisitions. The policy trajectory will likely influence whether China can sustain its rapid catch‑up without alienating key international partners.

Rapid Growth Trajectory Database provider ClickHouse has crossed $250 million in annualized revenue run rate, tripling its business from last year, Yury Izrailevsky, co-founder and president of product and technology, told TechCrunch. Izrailevsky expects the revenue figure to reach the high-nine digits by the end of the year. Valuation and Funding ClickHouse was valued at $15 billion in January following a $400 million Series D funding round led by Dragoneer Investment Group. The latest valuation implies a steep multiple of over 60x annualized revenue. IPO Ambitions The fast revenue growth and premium valuation position the less-than-five-year-old company for an IPO within the next few years, according to Izrailevsky. ClickHouse joins a small but growing list of tech startups signaling plans to go public as the IPO window is expected to be flung wide open by SpaceX’s historic June debut, followed by highly anticipated listings from OpenAI and Anthropic later this year. Strategic Moves Last fall, the startup hired Jimmy Sexton, who previously ran investor relations at Snowflake, one of ClickHouse’s main competitors, as chief financial officer. Bringing on a CFO is often viewed as a signal that a company is preparing for public markets. Acquisition Strategy The company has already acquired six startups, including Langfuse, which helps developers track and evaluate AI agent performance. Izrailevsky indicated that ClickHouse plans to remain acquisitive, looking to scoop up “relatively young, but showing very promising technology” startups, typically open source, that complement its core product suite. Product and Customer Base The technology behind ClickHouse was originally developed inside Russian search giant Yandex 17 years ago, but spun out as an independent startup in 2021. ClickHouse has over 4,000 customers, including Anthropic, Meta, Capital One, and Decagon. Business Model The startup’s open source database is designed to process the massive datasets required by AI agents. ClickHouse generates revenue by selling managed cloud services. Izrailevsky claimed that this commercial offering ultimately costs clients less than self-managing the open source version. It “is something that’s a little counterintuitive, but it also has been a big tailwind for us,” he said.

Executive SummaryModella Capital has completed its first overseas acquisition by purchasing Flying Tiger Copenhagen, a Danish cut‑price homewares chain with about 1,000 stores worldwide. The move follows a series of recent collapses at other Modella‑owned retailers and comes as the UK discount‑retail sector faces inflation‑driven pressure.Modella Capital's First International Deal: Acquisition of Flying Tiger CopenhagenThe acquisition, announced in May 2026, expands Modella’s portfolio beyond its UK holdings, which include the former WH Smith high‑street arm now called TG Jones. Modella backs the existing management team and its growth plan to open more than 700 new franchise stores by 2030. Both Joseph Price, managing director of Modella, and John Dueholm, chair of Flying Tiger Copenhagen, highlighted the brand’s strong retail identity and the capital and expertise Modella will provide.Financial Snapshot of Flying Tiger CopenhagenGlobal footprint: roughly 1,000 stores, including 80 in the UK.UK sales grew 22% in 2024, reaching £70.1m, delivering pre‑tax profit of £2.6m.Debt level: exceeds £35m.UK employment: over 1,000 staff.Implications for the UK Discount‑Retail LandscapeThe acquisition fuels anxiety because Modella has already overseen the collapse of Claire’s and The Original Factory Shop earlier this year, resulting in about 2,500 job losses. It is also seeking creditor approval for a restructuring plan at TG Jones that could close up to 150 stores, including up to 60 post‑office locations. Combined with broader sector pressures—rising inflation, higher business rates, and competition from B&M, Home Bargains, Savers, Miniso and The Entertainer—Flying Tiger’s future stability is uncertain.Outlook: Expansion Plans and Potential RisksModella’s strategy hinges on leveraging the brand’s “unique product offering” to drive franchise growth worldwide, targeting 700 new stores by 2030. However, the heavy debt load, a competitive discount market, and the firm’s reputation for aggressive restructuring could constrain that ambition. Stakeholders will watch closely whether Modella can balance expansion with the preservation of jobs and store network stability in the UK and beyond.

The Lebaudy manuscript, one of the earliest illustrated copies of the Old French Lancelot‑Grail cycle, is set to be auctioned by Christie’s on 8 July with an estimated hammer price of £1.5m‑£2m, offering institutions a rare chance to acquire a piece of Arthurian heritage that has never been publicly exhibited. Rare Arthurian Manuscript Set for Christie’s Auction Dating from c1290‑1310, the vellum‑bound tome contains 126 miniature illustrations, including a unique depiction of Merlin transformed into a talking stag. Produced by the anonymous Master of the Liège Apocalypse, the manuscript’s gold‑leafed miniatures were aggressively polished to achieve a dazzling shine. Its provenance traces back to a 15th‑century knight, a young jouster, the bibliophile Sir Thomas Phillipps, and 20th‑century French industrialist Jean Lebaudy, who survived two world wars and earned the croix de guerre. Estimated £1.5‑£2 Million Valuation and Market Context Current auction estimate: £1.5m‑£2m. Only three similar Arthurian manuscripts are known to reside in private collections, making this the earliest and most richly illustrated of the trio, according to Dr Eugenio Donadoni, Christie’s director of medieval and renaissance manuscripts. The manuscript will be featured in Christie’s “valuable books and manuscripts” sale, a marquee event for high‑value cultural assets. Scholarly Significance and Public Access Implications Experts such as Dr Irene Fabry‑Tehranchi of Cambridge University Library stress that the manuscript’s private ownership has limited comprehensive academic study. The work’s unique ending to the Suite Vulgate du Merlin, which emphasizes Arthur’s battles and questions of kingship, offers fresh insight into medieval narrative adaptation. Its potential transfer to a public institution could break a centuries‑long pattern of elite exclusivity, enabling digitisation and broader scholarly engagement. Future Prospects: Ownership and Research Opportunities Should a museum or university secure the manuscript, it would likely become a cornerstone for exhibitions on medieval literature and art, as well as a catalyst for new research on Arthurian myth‑making. Conversely, acquisition by a private collector could preserve the work but maintain current access barriers. Market observers anticipate strong competition, given the manuscript’s rarity, condition, and cultural cachet, which may drive the final price toward the upper end of the estimate.

Executive Summary: A Papal Call to Re‑examine AI GovernancePope Leo XIV unveiled his first encyclical, Magnifica Humanitas, on Monday, framing AI as a hook to discuss deeper societal ills—inequality, war, democratic decay, and elite power concentration.The Encyclical’s Core Message on Power and AIThe 200‑page document, presented alongside Chris Olah, co‑founder of AI company Anthropic, argues that technology governed by a small elite cannot serve the common good. It warns that AI amplifies existing economic and informational advantages, creating new dependencies, exclusions, and manipulations.“When such power is concentrated in the hands of a few, it tends to become opaque and evade public oversight…”AI can “shape information and consumption patterns, influence democratic processes and steer economic dynamics to their own advantage.”Scale of the Document and Related Funding FiguresThe encyclical spans 200 pages. It references contemporary funding dynamics, noting “hundreds of millions” flowing from tech elites into super PACs to block AI regulation. It also mentions the recent delay by President Donald Trump on an executive order for AI oversight, reportedly at the urging of VC investor and former White House AI czar David Sacks.Implications for Tech Policy, Democracy, and the Global AI RaceLeo XIV calls for “clear criteria and effective oversight” rooted in community participation and an end to the AI arms race—cessation of ever‑more powerful algorithms and larger datasets pursued for geopolitical or commercial dominance. The encyclical echoes historic concerns from Pope Leo XIII’s 1891 “Rerum Novarum,” drawing parallels to today’s tech‑driven power structures, such as Elon Musk’s acquisition of Twitter and its political use.What May Follow: Potential Shifts in Oversight and Public DebateExperts like Notre Dame Law School professor Paolo Carozza highlight AI‑driven misinformation and deepfakes as threats to democratic truth‑recognition. The papal document may intensify calls for regulatory frameworks, increase pressure on governments to act on AI oversight, and influence public discourse on the ethical limits of AI development.

The Final Call for Startup Battlefield 200 The deadline to apply or nominate for Startup Battlefield 200 is May 27. This program offers early-stage startups a shot at VC access, global visibility, TechCrunch coverage, and $100,000 in equity-free funding. If you're building a breakout startup — or know a founder who is — now is the time to move. Opportunity to Showcase on the TechCrunch Disrupt Stage Apply today for the opportunity to take the TechCrunch Disrupt Stage alongside 200 of the world's most promising early-stage startups. Pre-Series A founders, this is your last call: The strongest startups are already entering the arena, and the application window is closing fast. If your startup has already been nominated, don't wait to finish your application. The final week always moves quickly, and last-minute submissions risk getting buried as applications surge ahead of the May 27 deadline. Success Stories from Startup Battlefield 200 Some of the most consequential companies in tech history didn't launch with splashy fundraising announcements. They started with a pitch. Dropbox demoed to a room full of skeptics. Cloudflare took the stage before most people understood what edge networking meant. Discord was still a scrappy gaming startup called Hammer & Chisel. They all passed through the same crucible: Startup Battlefield 200. That's not a coincidence — it's a pattern. And it starts with an application. The Financial Impact of Startup Battlefield 200 More than 1,700 companies have competed in Startup Battlefield 200. Together, they've raised over $32 billion and generated more than 250 exits, including acquisitions by Microsoft, Google, Salesforce, Uber, and Amazon. The network runs so deep that alumni have even acquired each other: Dropbox acquired fellow Battlefield 200 alum DocSend in 2021. This is also the same launchpad that helped accelerate companies like Fitbit, Trello, and Mint. Why This Matters for Early-Stage Startups Startup Battlefield 200 has never been a competition for the most polished companies. It's a competition for the most promising ones. Pre-launch is fine. No revenue is fine. What matters is whether what you're building genuinely changes something — not incrementally, but meaningfully. Selected startups will showcase live on the Disrupt Stage in front of 10,000+ attendees, leading VCs, global media, and the broader TechCrunch audience. This is your opportunity to gain investor exposure, receive direct VC feedback, and prove your company belongs among the next generation of category-defining startups. The Future of Startup Battlefield 200 Thousands apply every year. Only 200 are selected. Just 20 finalists pitch live on the Disrupt Stage. One startup takes the crown and wins $100,000 in equity-free funding. The founders who wait until they feel ready often wait too long. You do not need to be polished. You need to be promising. If you've been sitting on this, here's the reality: The worst outcome is you don't get selected this cycle — and you come back next year with a stronger application because you went through the process. If you're building something category-defining — or know a startup that deserves the spotlight — submit your nomination and complete your application before May 27.

A Historic Double Victory at CannesNineteen years after his searing abortion drama "4 Months, 3 Weeks and 2 Days" won the top prize at the Cannes film festival, Romanian director Cristian Mungiu has repeated the triumph with his English-language debut "Fjord." The 58-year-old filmmaker becomes only the 10th director in history to receive two Palme d'Or awards, joining an elite group that includes Francis Ford Coppola, Michael Haneke, and Ken Loach.The Making of 'Fjord': A Cross-Cultural Drama"Fjord" presents a compelling narrative starring Renate Reinsve and Sebastian Stan as Romanian religious parents who relocate to Norway, only to find themselves accused of child abuse. The film marks Mungiu's first venture into English-language cinema, demonstrating his ability to transcend linguistic and cultural boundaries while maintaining his signature exploration of complex social issues.Festival Highlights and Other Major WinnersThe 79th Cannes film festival featured several notable award winners beyond the top prize:Grand Prix: Andrey Zvyagintsev's "Minotaur," a dark satire of corruption and infidelity in contemporary RussiaJury Prize: Valeska Grisebach's Bulgaria-set drama "The Dreamed Adventure"Best Director (tied): Pawel Pawlikowski for "Fatherland" and Javier Calvo and Javier Ambrossi for "The Black Ball"Best Actress (jointly awarded): Virginie Efira and Tao Okamoto for Ryusuke Hamaguchi's "All of a Sudden"Best Actor (jointly awarded): Valentin Campagne and Emmanuel Macchia for queer first world war drama "Coward"The Shifting Landscape of International CinemaThis year's Cannes festival was notably "slightly muted," with a distinct absence of Hollywood glitz. The two US films in competition—James Gray's "Paper Tiger" and Ira Sachs' "Aids musical 'The Man I Love'"—were both overlooked by the judges. This trend continues a pattern of European and international films dominating the festival, with US distributor Neon acquiring "Fjord"—their seventh consecutive year taking the top spot.The Future of Award-Winning CinemaWith Neon's acquisition of "Fjord," there's a clear pattern emerging of independent distributors capitalizing on Cannes victories. Following Sean Baker's "Anora," which progressed from taking the Palme two years ago to sweeping the 2025 Oscars, "Fjord" is positioned for significant distribution impact. The festival's continued recognition of socially conscious, boundary-pushing cinema suggests that international audiences will continue to gravitate toward films that tackle complex cultural and social issues with nuance and depth.