👋🏻 Happy Sunday.
Five years of work, 1,000 horsepower, four electric motors, five seats, and a design by the man who gave the world the iPhone.
Ferrari unveiled the Luce in Rome on Monday, its first fully electric car, priced at $640,000. Shares in Milan fell 8% the next morning. Italy's deputy prime minister called it anything but a Ferrari.
The CEO spent Thursday defending the price tag to reporters in Modena. A launch that expensive rarely costs this much.
Let’s unpack the rest of last week’s news:
⚙️ Startup & Tech
Anthropic released Opus 4.8 with improved handling of uncertain data and a new Dynamic Workflows feature in research preview, enabling Claude Code to manage complex tasks across hundreds of parallel subagents.
DuckDuckGo recorded a 30.5% peak increase in US app installs on May 25, sustained over six consecutive days, as users reacted to Google’s Search overhaul.
Waymo began offering free rides in its new Ojai robotaxi, a modified Zeekr minivan built in China and outfitted with Waymo’s sixth-generation sensor system, to select riders in Los Angeles, Phoenix, and San Francisco.
Waymo Ojai | Image Source: Electrek Hackers are targeting Signal users with phishing messages impersonating the app’s support team, attempting to steal recovery keys for encrypted chat backups.
YouTube will now automatically apply AI labels to videos when its internal systems detect significant photorealistic AI content, no longer relying solely on creator disclosure.
Meta is developing an AI-powered pendant it plans to begin testing within a year, building on its late-2025 acquisition of AI wearable startup Limitless, alongside planned expansions to its AI glasses lineup and a new Wearables for Work business subscription.
💼 Business
Norges Bank Investment Management announced it will vote in favor of shareholder proposals calling for a human-rights impact assessment at Palantir ahead of the company’s June 3 annual general meeting.
A data breach at 7-Eleven, claimed by the ShinyHunters group, affected over 185,000 people, exposing names, dates of birth, physical addresses, phone numbers, email addresses, Social Security numbers, and driver’s license numbers.
Snowflake signed a $6 billion five-year agreement with Amazon Web Services, centered on expanded access to AWS’s Graviton ARM-based CPU chips.
Ferrari shares fell as much as 7% in Milan trading after the unveiling of the Luce, its first fully electric vehicle, priced at $640,000.
The Ferrari Luce | Image Source: Bloomberg A Google software engineer was charged by the US Justice Department with insider trading after allegedly making $1.2 million on prediction market Polymarket by trading on confidential Google Search data about the company’s annual Year in Search campaign.
Emarketer projects Meta will surpass Google in global digital ad revenue for the first time in 2026, fueled by AI-powered automation and new ad surfaces on WhatsApp and Threads.
SoftBank announced plans to invest up to $87 billion to build data centers in France, targeting up to 5 gigawatts of additional capacity, with the first phase delivering 3.1 gigawatts to the Hauts-de-France region by 2031.
SpaceX received $6.45 billion in Space Force contracts, comprising a $4.16 billion award to build satellites for the Trump administration’s Golden Dome missile defense system and a $2.29 billion contract for a low-Earth-orbit communications network.
💸 Deals
Seed and Early Rounds
SOND, a sleep tech startup founded by Bose’s former head of sleep products, raised $7 million to launch Dreambuds, closed-loop earbuds that track 12 physiological signals and use an AI sleep coach to intervene in real time.
Series A
H1, a nine-year-old healthcare data platform supplying physician information to pharma companies and health systems, raised $40 million, led by CVS Health Ventures.
Triomics raised $22 million in a Series B led by Battery Ventures to expand its oncology-specific AI platform, which automates clinical trial matching, patient chart summarization, and tumor registry reporting for cancer centers.
Series B+ and Growth
WeRoad, a Milan-based group travel platform for younger travelers, raised $58 million in a Series C led by Airbnb to fund its first US expansion, beginning with Austin.
Funds
Ghost Angels, a fund launched by 20 Snap alumni, emerged to back pre-seed and seed AI startups building in social media and consumer, with at least five companies already backed.
Mergers and Acquisitions
Autodesk agreed to acquire maintenance and operations platform MaintainX for $3.6 billion in cash, extending its reach from design and manufacturing software into the operational layer that keeps physical assets running, with closing targeted for as early as August 3.
Asana acquired no-code AI workflow automation startup StackAI for $75 million, bringing its founders into Asana as the work management platform positions itself as an operating system for human-agent teams.
📆 Events
An invite-only transatlantic gathering during New York Tech Week takes place on Tuesday, June 2, from 4–7 PM at 28 Liberty Street, featuring leadership from Ramp, Revolut, Virgin Atlantic, and Delta alongside founders, VCs, and a civic delegation from Opportunity London. RSVP now.
ElevenLabs is running a voice-powered pop-up store at 54 Crosby St in SoHo from June 1–7, where visitors can shop a debut merch collection through AI agents, grab a free coffee, and try hands-on demos including AI song creation and multilingual audiobook narration. Register to attend here.
Until next week, Ciao 🫡