#Alibabaai

From Techmeme: Sources: Thoma Bravo prepares to hand over customer experience management company Medallia to creditors, leading to a ~$5.1B wipeout for Medallia's investors (Reuters)

From Techmeme: Joint statement: Apple, Amazon, and others push back on stricter emissions reporting rules proposed by climate body Greenhouse Gas Protocol to cut greenwashing (Olivia Raimonde/Bloomberg)

From Techmeme: Vercel says some customer accounts were compromised prior to its early-April breach, potentially through social engineering, malware, or other methods (Zack Whittaker/TechCrunch)

From Techmeme: WhatsApp partners with PayU to roll out prepaid mobile recharges in India; it remains a marginal payments player in India despite launching payments in 2020 (Jagmeet Singh/TechCrunch)

From Techmeme: Memo: White House says it has info indicating "foreign entities, principally based in China" are engaged in "industrial scale distillation" of American AI tech (Financial Times)

From Techmeme: Anthropic's valuation has hit $1T on Forge Global, a leading private marketplace exchange, surpassing OpenAI's valuation on the platform of $880B (Ben Bergman/Business Insider)

From Techmeme: Orkes, which helps companies scale their AI and agentic systems, raised $60M, including a $40M Series B led by AVP, bringing its total funding to ~$90M (Chris Metinko/Axios)

From Techmeme: How Cash App founder Bob Lee's 2023 killing fed into a narrative pushed by tech leaders like Elon Musk about SF's decline until an acquaintance was convicted (Shawn Wen/Bloomberg)

From Techmeme: Spotify celebrates its 20th anniversary with a first-ever list of its 20 most streamed artists, albums, songs, podcasts, and audiobooks (Gil Kaufman/Billboard)

From Techmeme: Lyft agrees to buy London black cab app Gett, its third acquisition in the past year, as the company expands its presence beyond the US (Natalie Lung/Bloomberg)

From Techmeme: Petual, which automates internal audit work and generates auditor-ready workpapers, raised $20M across a pre-seed led by First Round and a seed led by a16z (Ryan Lawler/Axios)

From Techmeme: Beehiiv rolls out new creator tools, including metered paywalls, letting creators host webinars for up to 10,000 people, AI analytics, and more (Lauren Forristal/TechCrunch)

From Techmeme: Sam Bankman-Fried withdraws his request for a new trial, saying he doubts he would receive a fair hearing; his broader appeal remains pending (Olivier Acuna/CoinDesk)

From Techmeme: Cloudsmith, which is building a cloud-native system to manage software artifacts, raised a $72M Series C, following a $23M Series B in 2025 (Natalie Breymeyer/Axios)

From Techmeme: Anthropic and law firm Freshfields sign a deal to develop specialized legal AI tools for document drafting, contract review, due diligence, and more (Kaye Wiggins/Financial Times)

From Techmeme: Turkey's parliament passes a bill requiring social media and online game companies to restrict access for children under 15, following a school shooting (Andrew Wilks/Associated Press)

From Techmeme: Omni, which is building a "semantic translation layer" for enterprise data, raised a $120M Series C led by Iconiq at a $1.5B valuation, up from $650M in 2025 (Lily Mae Lazarus/Fortune)

From Techmeme: France-based Univity, which seeks to build 3,400 VLEO satellites to reduce Europe's reliance on Starlink, raised €27M, bringing its total funding to €68M (Gianluca Lo Nostro/Reuters)

From Techmeme: Apple fixes a bug that stored notifications for deleted messages on iPhone and iPad, following a report that police used it to extract deleted Signal messages (Lorenzo Franceschi-Bicchierai/TechCrunch)

From Techmeme: S-1 excerpts: SpaceX says its total addressable market could be as much as $28.5T, with $26.5T from the AI sector, most of it from AI for businesses (Reuters)