Representative Nathaniel Moran introduced the AI Incident Reporting Act on June 25, requiring AI companies to report critical safety incidents to the Commerce Department within seven days, with Congre…
SpaceX filed plans with the FCC to deploy up to 1 million AI satellites in low Earth orbit, aiming to provide 100 GW of AI compute power by 2030. The combined SpaceX-xAI entity, valued at $1.25 trilli…
Goldman Sachs analyst Rich Privorotsky projects hyperscaler capital expenditures could reach $765 billion by 2026 and cumulative AI infrastructure spending $7.6 trillion by 2031, driven by strong dema…
Micron Technology reported record revenue of $41.46 billion for the quarter ending June 24, 2026, a 346% year-over-year surge driven by AI demand for high-bandwidth memory, which is sold out through 2…
Micron Technology announced 16 multi-year strategic agreements for AI-optimized memory chips on June 24, with customers providing $22 billion in cash deposits and committing to roughly $100 billion in…
Chinese AI lab Zhipu AI, under its global brand Z.AI, launched the open-weight GLM-5.2 model with up to 753 billion parameters, rivaling top closed models from Anthropic and OpenAI at roughly one-tent…
Moody's Ratings warned in June 2026 that the rapid expansion of AI-driven data centers is straining electricity and water infrastructure, creating credit risks for state and local governments. At leas…
The US Commerce Department issued an export control order on June 12 restricting foreign nationals from accessing Anthropic's advanced AI models, Fable 5 and Mythos 5, citing national security concern…
The US Department of Justice moved to dismiss a Clean Air Act lawsuit against Elon Musk's xAI, arguing that the NAACP's case threatens AI projects tied to national military operations. The NAACP alleg…
Rystad Energy projects the fuel cell market will surge from $2.8 billion in 2025 to $30 billion by 2030, driven by AI data centers seeking on-site power amid grid congestion. North America is expected…
Anthropic faced backlash after pulling its Claude Fable 5 and Mythos 5 AI models on June 12, following a US export control directive citing national security concerns. The company disabled access for …
Robinhood Ventures Fund I invested $25 million in Canva's Class A Common Stock on June 24, adding the AI-powered design platform to its portfolio alongside a previous $75 million OpenAI stake. The non…
The DATA Foundation, formerly Story Protocol, rebranded on June 25, 2026, to focus on AI training data infrastructure with its onchain registry Trace. The foundation aims to solve the problem of licen…
Apple shares fell 5% on Tuesday, wiping out $215 billion in market capitalization, after CEO Tim Cook acknowledged that rising memory chip costs driven by AI demand will force price increases across A…
Solstice, a Solana-based protocol, partnered with Irish AI infrastructure provider TensorX to establish a $1B financing facility for purchasing NVIDIA GPUs and expanding data center capacity across Eu…
Exponential View's inaugural State of the AI Economy report found that generative AI sales reached $110 billion over the past year, with an annualized run rate exceeding $175 billion. The report, base…
Cerebras Systems shares plunged up to 20% on June 24 after its first earnings report as a public company revealed a gross margin forecast of 38-41% for 2026, far below Nvidia's mid-70% margins, despit…
The European Union has joined the US-led Pax Silica initiative, a multinational pact to secure AI and semiconductor supply chains, expanding transatlantic tech cooperation. The non-binding agreement c…
Chinese AI startup DeepSeek plans to at least double its staff of roughly 170 after raising $7.4 billion in its first external funding round, one of the largest ever for a Chinese startup. The round, …
Micron Technology's fiscal third-quarter earnings validate market enthusiasm for AI demand, according to Franklin Templeton Global Investment Strategist Michael Browne, who said any 10% pullback in th…