Drew Houston steps down as Dropbox CEO after 19 years. Ashraf Alkarmi, a former Vimeo and Amazon executive, takes over a company whose market cap has halved since 2018.

The Netherlands blocked Kyndryl's EUR 100M acquisition of Solvinity, the DigiD cloud provider, citing public interest risk and CLOUD Act concerns in a first-ever US deal prohibition.

Logistics startup Stord raised $250M at a $3B valuation to expand its 100-warehouse network and deploy AI robotics, helping brands match Amazon's delivery speeds.

DOGE lawyer told staff to limit Cursor contact over gun-jumping antitrust risk, weeks after employees began working side by side ahead of a $60B post-IPO deal.

Ferrari shares fell 7% in Milan after the Luce reveal drew online mockery and design criticism, wiping GBP 3 billion from market cap despite 1,036 hp and 60 new patents.

Felipe Sinisterra and Dave Wang are charging $25,000 a day to train Wall Street banks on AI tools they have already bought. They’re booked out for two months.

GSR Ventures is raising $350M for a new China fund, using its early stake in $50bn-valued RedNote as the central draw for new LPs, Bloomberg reports.

Quantinuum, the Honeywell-majority-owned quantum-computing firm, is targeting a $12.7bn IPO valuation, well below the $20bn-plus whispers earlier this month.

Tel Aviv firm Gambit Security says Iranian hackers exfiltrated 700GB of LA Metro data in March and traces the server to a known Tehran-linked operation.

UAE-based SPARQ has opened an $8.5M seed round for its AI-native game engine, with the a16z Scout Fund participating early.

Foreign-brand smartphone shipments to China rose 1.8% YoY in April to 3.59m handsets, a sharp slowdown after a Q1 in which iPhones grew above 40%.

Reuters reports SpaceX has asked the Pentagon to pay around $25,000 per Starlink terminal, up from $5,000, as US strike drones over Iran depend on the network.