Uber agrees to pay ~€270M for an additional 4.5% stake in German food delivery rival Delivery Hero from Prosus, which would bring its total stake to ~7% (Financial Times)
Sources: Sequoia raised ~$7B for a new fund, the first fundraising round under its new leadership; the firm's last expansion fund was a $3.4B vehicle in 2022 (Bloomberg)
Physical Intelligence says its new model, π0.7, can direct robots on tasks they weren't trained on, an "early sign" of generalization, surprising researchers (Connie Loizos/TechCrunch)
Analysis: China's chipmaking tool imports from Singapore rose 17% YoY to $5.7B in 2025, from Malaysia rose 2x+ to $3.4B; direct US imports fell 34% YoY to ~$2B (Nikkei Asia)
Sources and analyst estimates: Uber is on track to spend $7.5B+ on buying robotaxis and $2.5B+ on equity stakes in their makers over the next few years (Financial Times)
Sources: Amazon is in advanced talks to acquire satellite operator Globalstar in a deal that could be announced as soon as Tuesday; GSAT jumps 15%+ pre-market (Bloomberg)
Google designates "back button hijacking" as malicious, saying sites interfering with a browser's back button function may be demoted in Search starting in June (Abner Li/9to5Google)