Evening Scan

Europe's economic outlook darkened as the Iran conflict extends into a prolonged drag of higher energy prices and slower growth. The AI funding machine kept printing, and Meta had some explaining to do.

20,225+ — Instagram accounts Meta confirmed were compromised in the months-long exploit that began April 17, per its filing with Maine's AG. (SecurityWeek)

China's Moonshot AI Eyes $30B Valuation in New Funding Talks (paywall)

The Kimi chatbot maker is seeking up to $2B at a $30B valuation — a 50% jump from its prior round weeks ago. (Bloomberg)

Meta Says 20,000+ Instagram Accounts Hacked Via AI Tool Abuse

Attackers weaponized Meta's own AI chatbot to compromise accounts over several months before Meta flagged the exploit to Maine's attorney general. (SecurityWeek)

Europe Watches Its Economic Recovery Fade Into the Distance (paywall)

The Iran conflict is settling in as prolonged pressure on European growth, not a shock to absorb and move past. (NYT)

PhysicsX Hits $2.4B Valuation on $300M Series C (paywall)

A London AI startup cuts industrial simulation times from days to seconds — Temasek led the round, which more than doubled its prior valuation. (Bloomberg)