Meta Chief AI Officer Alexandr Wang announced at the Bloomberg Tech conference on June 5 that health capabilities will be the key differentiator for Meta's next-generation AI models, moving beyond raw…
Goldman Sachs projects SpaceX's AI division revenue will surge from $3.2 billion in 2025 to $322 billion by 2030, a 100-fold increase that would make AI the company's dominant business line. The inves…
Huawei announced a chip design framework called LogicFolding and a theoretical scaling principle, projecting transistor density equivalent to 1.4-nanometer processes by 2031 despite US export controls…
Apollo Global Management and Blackstone Inc. have finalized a $35 billion funding deal to support Anthropic’s expansion in AI infrastructure, including computing and data centers. The investment aims …
Anthropic's AI coding agent, Claude Code, now authors over 80% of the code merged into its own production codebase, up from low single digits before its launch in February 2025. Engineers are merging …
SK Hynix received strong investor backing for its planned US listing, which could raise up to $14 billion through an American Depositary Receipt offering in the second half of 2026. The South Korean m…
Mainland Chinese investors withdrew a record 24.6 billion yuan ($3.7 billion) from China-listed ETFs tracking Hong Kong equities in a single week, marking the largest weekly outflow ever for these fun…
The Philadelphia Semiconductor Index fell 2% on June 4 after Broadcom's AI chip guidance missed Wall Street expectations by roughly $1.2 billion, triggering the chipmaker's largest single-day drop sin…
US technology companies announced 38,242 job cuts in May, the highest monthly total since August 2024, with artificial intelligence cited as the primary reason for layoffs for the third consecutive mo…
President Trump announced a nearly $700 million federal support package on June 4, using the Defense Production Act to fund coal plant upgrades, a new export terminal, and two new coal facilities in A…
Google agreed to pay SpaceX $920 million monthly for computing services, according to a deal announced one week before SpaceX's initial public offering. The contract is expected to boost SpaceX's reve…
President Trump signed an executive order titled "Promoting Advanced Artificial Intelligence Innovation and Security" to establish a voluntary framework for evaluating AI models and strengthening cybe…
Anthropic, the AI safety lab behind Claude, published a proposal on June 4, 2026, calling for a coordinated global pause in frontier AI development, warning that AI systems are approaching the ability…
Innio Group, a German gas engine manufacturer, raised approximately $2.43 billion to $2.73 billion in its upsized Nasdaq IPO on June 4, pricing 90 million shares at $27 each and seeing its stock surge…
Nvidia has a 90% probability of ending June as the world's largest company by market capitalization, according to Polymarket pricing. The AI-chip maker's market cap is estimated between $5.2 and $5.3 …
S&P Dow Jones Indices rejected a rule change that would have allowed newly public megacap companies like SpaceX, OpenAI, and Anthropic to enter the S&P 500 faster, keeping its 12-month seasoning requi…
Arizona Public Service (APS) filed a rate case requesting a $662 million revenue increase, proposing a 45% rate hike for data centers and a 14-16% increase for residential customers. The utility cited…
Meta is constructing six massive weatherproof tent structures near New Albany, Ohio, each spanning 125,000 square feet, to house GPU clusters for AI compute. The "rapid deployment structures" cut trad…
Anthropic called on leading AI labs and governments to consider slowing or temporarily pausing frontier AI development, citing internal data showing that Claude now writes over 80% of code merged into…
Airbnb CEO Brian Chesky has launched a new, standalone AI lab to develop proprietary models focused on consumer-facing design and interaction, marking a strategic shift away from external AI providers…