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By
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<strong>
Rebecca Szkutak
</strong>
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Tuesday, June 17, 2025
</strong>
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Welcome to TC PM! Today we learn that Waymo is expanding its service area in multiple California cities; we dig into a ton of funding news from companies big and small; and we look at impending layoffs at Intel.
</p>
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TechCrunch Top 3
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<p style="margin-bottom: 1em; margin: 0;">
<strong>
Image Credits:
</strong>
Smith Collection/Gado / Getty Images
</p>
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<p style="margin: 0; margin-bottom: 16px;">
<strong>
😳 Whoa, Waymo:
</strong>
While Waymo is temporarily restricting its services to certain areas of Los Angeles, due to ongoing protests, it's
<a data-hs-link-id="1" data-hs-link-id-v2="WDGVxEQy" style="text-decoration: underline; color: #0aa43e;" target="_blank">
expanding its overall service area
</a>
by 80 square miles in multiple California cities, including Los Angeles, San Francisco Bay Area, and Silicon Valley.
</p>
<p style="margin: 0; margin-bottom: 16px;">
<strong>
🍽️ Gobbling up cash:
</strong>
Elon Musk's xAI is allegedly looking to
<a data-hs-link-id="0" data-hs-link-id-v2="gTEyAj9S" style="text-decoration: underline; color: #0aa43e;" target="_blank">
raise $4.3 billion in new equity funding
</a>
after raising $6 billion just six months ago. This is in addition to the $5 billion of debt financing Musk is looking to raise for the combined entity of X and xAI.
</p>
<p style="margin-bottom: 1em; margin: 0;">
<strong>
🗡️ No IPO for Sword:
</strong>
Digital health startup
<a data-hs-link-id="0" data-hs-link-id-v2="6C3AHWyp" style="text-decoration: underline; color: #0aa43e;" target="_blank">
Sword Health raised $40 million
</a>
in a new funding round at a $4 billion valuation. Despite the 10-year-old company being cash-flow positive, it decided to stay private and put a potential IPO off until at least 2028.
</p>
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Our tech moves fast. So you can move first.
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Where others break, we break through. GDIT delivers the advanced AI, cloud, and cyber technology that moves the mission forward. Our mission solutions stand up in complex environments, enhancing real-world mission outcomes.
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<strong>
Afternoon must-reads
</strong>
</h1>
</td>
</tr>
</tbody>
</table>
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<div style="max-width: 598px;">
<a data-hs-link-id="0" data-hs-link-id-v2="Ew9ZilBI" style="outline:none" tabindex="-1" target="_blank">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpub%252Fbfra%252F16fcjipy%252Ff8z%252Fnse%252F9ij%252FIntel%2520cube%2520sign%2520copy.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCIsInRpbWUiOjE3NTAxOTc3MTkuNzgyNTkyNX0:1uReNT:AMBVWj-wkT5hB27jRKysP66qSEsdNnxsqzgmeuGQxmo" style="display: block; height: auto; border: 0; width: 100%;" title="" width="598"/>
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<p style="margin-bottom: 1em; margin: 0;">
<strong>
Image Credits:
</strong>
hapabapa / Getty Images
</p>
</div>
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<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-1" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;" width="100%">
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<td class="pad" style="padding-bottom:25px;padding-left:30px;padding-right:20px;padding-top:10px;">
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<p style="margin: 0; margin-bottom: 16px;">
<strong>
😔 More layoffs at Intel:
</strong>
Semiconductor giant
<a data-hs-link-id="1" data-hs-link-id-v2="ru3Y+03c" style="text-decoration: underline; color: #0aa43e;" target="_blank">
Intel will lay off
</a>
between 15% and 20% of its Intel Foundry workers starting in July. This isn't super surprising: Intel CEO Lip-Bu Tan's philosophy is that the best leaders get the most done with the fewest people.
</p>
<p style="margin: 0; margin-bottom: 16px;">
<strong>
🚀 Streaming soars:
</strong>
Streaming service viewership exceeded both cable and network television viewership in May for the first time. Last month,
<a data-hs-link-id="0" data-hs-link-id-v2="Tpx5cuL3" style="text-decoration: underline; color: #0aa43e;" target="_blank">
streaming services accounted for 44.8% of all television viewership
</a>
. YouTube was the most watched within streaming services.
</p>
<p style="margin: 0; margin-bottom: 16px;">
<strong>
🥕 Fresh funds:
</strong>
Autonomous vehicle software company
<a data-hs-link-id="0" data-hs-link-id-v2="6k2pFdHL" style="text-decoration: underline; color: #0aa43e;" target="_blank">
Applied Intuition raised a $600 million Series F round
</a>
that values the company at $15 billion. It works with most of the major automakers, as well as autonomous vehicle companies such as Gatik and Kodiak.
</p>
<p style="margin: 0; margin-bottom: 16px;">
<strong>
⌨️ More usage:
</strong>
Anysphere
<a data-hs-link-id="0" data-hs-link-id-v2="Gz/SYKaT" style="text-decoration: underline; color: #0aa43e;" target="_blank">
launched a new subscription plan
</a>
for its AI coding tool, Cursor. The company says that people on the new $200-a-month subscription plan, Ultra, will get priority access to new features.
</p>
<p style="margin-bottom: 1em; margin: 0;">
<strong>
⛔️ Say no to AI training:
</strong>
Decentralized social media network Mastodon updated its terms of service today to
<a data-hs-link-id="0" data-hs-link-id-v2="K50QRke7" style="text-decoration: underline; color: #0aa43e;" target="_blank">
bar any AI model from scraping its users' data to train LLMs
</a>
. This comes after Elon Musk made a similar term change over at X.
</p>
</div>
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A Message from TechCrunch
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Act fast: Last-minute sponsorships for TechCrunch All Stage!
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Time is running out for All Stage sponsorship opportunities, but you can still take advantage of some last-minute activations, including exhibit tables, dedicated emails, and video breaks.
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<strong>
Around the web
</strong>
</h1>
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<tbody>
<tr>
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<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; font-weight: 400; text-align: left; padding-bottom: 5px; vertical-align: top;" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-1" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;" width="100%">
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<p style="margin: 0; margin-bottom: 16px;">
<strong>
🤨 Too good to be true:
</strong>
The Trump administration announced that it plans to release a $499 phone that is fully made in America.
<a data-hs-link-id="0" data-hs-link-id-v2="IagsveuN" style="text-decoration: underline; color: #0aa43e;" target="_blank">
The Verge argues
</a>
that unless there is a domestic mobile phone supply chain everyone somehow missed, this isn't possible.
</p>
<p style="margin-bottom: 1em; margin: 0;">
<strong>
🏠 Hidden in plain sight:
</strong>
The political assassination of Minnesota Rep. Melissa Hortman and her husband is
<a data-hs-link-id="0" data-hs-link-id-v2="oXDhjOZ+" style="text-decoration: underline; color: #0aa43e;" target="_blank">
stirring up an old debate
</a>
after it was discovered that the suspected killer found their address through public people search sites. Why are these sites legal?
</p>
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Featured jobs from CrunchBoard
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