June 05, 2026

TechCrunch Top 3

Google will pay SpaceX $920M per month for compute: In a statement, a Google representative described the deal as a result of unexpected demand for its recently launched AI products. Read More

GM’s electric future depends on a new battery — and this facility: GM wants to slash EV prices by deploying new battery tech up to a year earlier than planned. This building is key to making that happen. Read More

As VC-backed e-bike startups went bankrupt, bootstrapped Lectric grew: Lectric, which says the U.S. market is ripe for competition and choice, has launched three new brands in the past six months. Read More

A message from Fidelity

Your Pitch Isn’t the Only Thing Investors Are Evaluating.

Investors don’t just listen to what you say - they look at how your company operates. Is ownership clear? Do your numbers match your story? Can you answer follow-up questions without digging through spreadsheets? The Fundraise-Ready Startup Kit equips founders with the materials investors expect to see, before pressure is on. Because confidence in the room doesn’t come from slides. It comes from preparation.

Learn More

Afternoon Must-Reads

Mira Murati steps back into the spotlight, carefully: In the current environment, remaining heads down has diminishing returns; at some point, you have to make some noise just to remind the market you exist. Read More

The token bill comes due: Inside the industry scramble to manage AI’s runaway costs: "The whole conversation shifted from tokenmaxxing and 'go fast' to 'we need guardrails, how do we control this?'" Read More

Ahead of its IPO, Anthropic's Daniela Amodei shrugs off doubts about AI's returns: Anthropic has been growing at a breakneck pace. The company announced that annualized revenue crossed $47 billion in May, up dramatically from roughly $9 billion at the end of 2025. That trajectory faces a real test, though. Read More

Founders Fund launches game show starring Sam Altman, Palmer Luckey, and other tech elites: The debut episode, moderated by Founders Fund chief marketing officer Mike Solana, included a star-studded cast of current tech luminaries. Read More

Google and FBI warn of ransomware group that sends fake IT workers to hack victims in person: Cybercriminals, part of a gang known as Silent Ransom Group, have sent people pretending to be IT support employees to law firms' offices, where the criminals have stolen data using USB drives or remote access tools. Read More

A message from NVIDIA and Microsoft

Build to ship in the NVIDIA Builder’s Arcade

The NVIDIA Builder’s Arcade is open now through June 5 with daily activities and developer challenges. Enter now and explore Microsoft Build sessions, demos, and more.

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Last but Not Least

Former cyber executive turned whistleblower accuses IBM of covering up several data breaches: IBM and two of its subsidiary companies were allegedly breached during the mid-2010s, which a lawsuit filed by a former cybersecurity executive accuses IBM of not disclosing and actively covering up. Read More

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