Top stories today:

1. Google retains Chrome, barred from exclusive search data contracts
2. Anthropic raises $13B Series F round at $183B post-money valuation
3. OpenAI acquires product testing startup Statsig in $1.1B all-stock deal
4. U.S. revokes TSMC’s waiver to ship chip gear to China facility
5. Apple’s lead AI researcher for robotics joins Meta in latest exit

0. Data and calendar

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Google retains Chrome, barred from exclusive search data contracts in major antitrust ruling

Google parent Alphabet’s stock on +6% on Tue. as investors celebrated the outcome:

• District Judge Amit Mehta’s decision comes ~1 year after he ruled Google illegally held a monopoly in internet search.

• Make certain search index data and user interaction data, though “not ads data”, the judge ruled.

• Google can make payments to preload products but can’t have exclusive contracts that condition payments or licensing, the decision said.

• Google currently pays Apple ~$20B per year to be the default search engine on iPhones.

• A technical committee will be set up to help enforce the final judgment, which will last 6 years.

• Have “concerns” about how the requirements “will impact our users and their privacy,” Google said.

3. Anthropic raises $13B Series F round at $183B post-money valuation

• Iconiq, Fidelity, and Lightspeed Venture Partners co-led the round.

• Altimeter, Baillie Gifford, affiliated funds of BlackRock, Blackstone, Coatue, D1 Capital, and others also participated.

• $5B+ run-rate revenue, up from $1B at the start of 2025.

• 300K business clients, with $100K+ revenue accounts up ~7x in a year.

• Claude Code is generating $500M+ run-rate revenue, with its usage growing 10x+ in 3 months of launch.

• The funding will help expand capacity, deepen safety research, and support global growth, Anthropic said.

5. OpenAI acquires product testing startup Statsig in $1.1B all-stock deal