News
The latest AI & tech developments, synthesized for builders.
German Court Rules Google Liable for AI Overview Errors
The Regional Court of Munich issued a temporary injunction against Google, ruling its AI Overviews are Google's own speech — not neutral search results — making it liable for false claims.
Anthropic SEC IPO Filing: Revenue Dispute With OpenAI
Anthropic filed its IPO prospectus with the SEC on June 1, 2026, beating rival OpenAI to the punch — even as OpenAI tells investors Anthropic overstates revenue by billions.
Jeff Bezos: AI Will Cause Labor Scarcity, Not Job Loss
Bezos and Prometheus co-CEO Vik Bajaj sat down with CNBC's David Faber to argue AI tightens labor markets long-term, while fresh Challenger data shows AI-attributed job cuts hitting record highs in 2026.
Nvidia Vera CPU: China Sales Pitch, Pricing, and Market Impact
Nvidia told Chinese clients its Vera CPU could ship as soon as August. One major cloud firm plans to order 300+ servers for testing, with a single chip priced above $20,000.
Coinbase Launches Agentic.market for AI Agents
Coinbase's new Agentic.market lets autonomous AI agents discover and pay for services in USDC without API keys, built on the x402 protocol with 480,000 active agents already transacting.
Bezos Launches Prometheus AI at $41B Valuation
Jeff Bezos raised $12B for Prometheus, an industrial AI startup valued at $41B, while arguing AI will cause labor shortages — not mass unemployment.
ShinyHunters Exploits Oracle PeopleSoft Zero-Day
The ShinyHunters group exploited an unpatched Oracle PeopleSoft flaw rated 9.8 to breach 100+ organizations, targeting universities and stealing sensitive student and alumni data.
US Deficit Hits $2 Trillion in FY2026
The FY2026 federal deficit is on track for $2 trillion — up from $1.7 trillion last year and double the bipartisan 3%-of-GDP target backed by Congress.
TSMC CEO Rules Out Memory-Style Price Spikes
TSMC's CEO told shareholders he won't copy memory chip makers' sharp price hikes, even as AI demand outstrips supply and CFO Wendell Huang won't rule out some increases.
Google Signs Secret Pentagon AI Deal, Director Quits
Google signed a classified deal giving the Pentagon access to Gemini AI on secret military networks. Over 600 employees protested, and Android security director René Mayrhofer resigned in protest.
AI Is Shrinking Entry-Level Jobs in Tech and Accounting
Stanford's Digital Economy Lab and BambooHR both confirm AI is cutting entry-level roles in software development and accounting faster than any other group.
71% of Americans Oppose Local AI Data Centers
Gallup's first-ever data center poll shows 71% of Americans oppose local AI data center construction. Ohio legislators are now pushing bipartisan bills to protect consumers from rising electricity costs.
Amazon: Data Centers Used 2.5B Gallons in 2025
Amazon revealed its global data centers consumed 2.5 billion gallons of water last year, with a water efficiency rate of 0.12 liters per kilowatt hour — better than Microsoft's 0.27.
Ona: OpenAI's Acquired Cloud Agent Platform Explained
Ona runs teams of AI software engineers in the cloud — background agents that take a task and return a pull request. On June 11, 2026, CEO Johannes Landgraf announced the company is joining OpenAI.
Google Turns to Samsung for AI Chip as Fab Capacity Tightens
Google has chosen Samsung to make a future AI chip as manufacturing slots grow scarce. Samsung is spending $73 billion on chip expansion in 2026, and Google is also eyeing TSMC's U.S. 2nm capacity.
Satya Nadella: "A Lot" of Tokenmaxxing at Microsoft
At a live Hard Fork taping, Nadella admitted he tokenmaxxes too — then told Microsoft's 220,000 employees to match the AI model to the task, not the other way around.
Microsoft Blocks Claude Fable 5 Over Data Retention
Microsoft pulled Claude Fable 5 from its internal GitHub Copilot model picker after Anthropic's new retention policy raised concerns about customer and confidential data.
DiffusionGemma: Google's 4x Faster Text Generation Model
Google's DiffusionGemma generates entire blocks of text at once, hitting 1,000+ tokens per second on an H100 — up to 4x faster than standard autoregressive Gemma models.
SpaceX IPO: $135 Price, $1.77T Valuation
SpaceX priced its IPO at $135 per share, targeting a $1.77 trillion valuation and $75 billion raise — and is set to create more than 4,400 employee millionaires.
OpenAI Eyes Price Cuts as AI Token Costs Hit Enterprise Budgets
Sam Altman says AI costs went from a non-issue to a crisis almost overnight. OpenAI is weighing steep price cuts as Uber, Walmart, and others hit token budget limits hard.
Anthropic Pledges $200M to Study AI Job Impact
Anthropic announced a $200M investment to study AI's effect on jobs and the economy, alongside policy proposals from CEO Dario Amodei including universal basic income and capital gains tax increases.
OpenAI Bans China-Linked Accounts Over AI Influence Ops
OpenAI removed accounts tied to Chinese operators who used ChatGPT to generate social media posts, comments, and political cartoons about U.S. tech policy — though the campaigns gained little traction.
Micron Selects Bechtel for $100B New York Semiconductor Megafab
Micron picked Bechtel as EPC partner for Phase 1 of its $100B Clay, New York semiconductor complex — the largest private investment in state history — with immediate mobilization at White Pine Commerce Park.
Perplexity CEO: Revenue Tripled, Hybrid Local AI Explained
Aravind Srinivas told Bloomberg Talks that Perplexity tripled revenue in five months and detailed the software orchestrator routing AI queries between local devices and cloud servers.
Mistral AI Raises $830M Debt Round, Total Funding Hits $3.05B
Mistral AI added $830M in conventional debt on March 30, 2026. The French AI company has now raised $3.05B across eight rounds and holds unicorn status.
NEURA Robotics Raises Up to $14B Round
German humanoid robot startup NEURA Robotics announced a Series C of up to $14B, with Amazon, Nvidia, Qualcomm, and Tether among the backers. A source puts the valuation at ~$70B.
US Inflation Hits 3.8% in April, Iran War Fuels Energy Spike
April 2026 CPI hit 3.8% annually — the biggest jump since May 2023 — driven by a 17.9% surge in energy prices tied to the US-Israel war on Iran.
OpenAI Files Confidential IPO Paperwork With SEC
OpenAI filed confidential IPO paperwork with the SEC, joining Anthropic and SpaceX in a push toward public listings. No timeline has been set.
Oil Stays Below $100 Despite Hormuz Blockade
More than three months after the Strait of Hormuz was effectively closed, oil sits below $100 a barrel — far from the $200+ many feared. Record US exports, a 40% drop in Chinese imports, and strategic reserve releases are holding the line.
Mastercard Agent Pay: Coinbase, Ripple, 30+ Partners
Mastercard's Agent Pay lets AI agents make payments autonomously. Over 30 partners joined at launch, including Coinbase and Ripple. Visa is building a rival system.
SpaceX Sets $135 IPO Price, Eyes 30% Retail Slice
SpaceX priced its IPO at a fixed $135 per share, targeting a $1.77 trillion valuation and an unusually large 30% retail allocation worth roughly $22.5 billion.
Visa Embeds Payment Network in ChatGPT for AI Shopping
Visa plugged its payment network into ChatGPT on June 10, 2026. AI agents can now shop and complete purchases on a user's behalf at any Visa-accepting merchant.
iPhone Production Up 20% in Q1 2026 as Global Output Falls
TrendForce data shows global smartphone output dropped 1.7% in Q1 2026 to 284 million units. Apple bucked the trend with 19.7% growth, driven by the iPhone 17e launch.
Tesla Robotaxi Covers All of Austin With Only ~20 Cars
Tesla's Robotaxi now covers the full Austin metro, but the active unsupervised fleet sits at just ~20 vehicles — down from a peak of 25 — nearly a year after launch.
Morgan Stanley Raises Apple Target to $360 After WWDC
Morgan Stanley lifted its Apple price target to $360 on WWDC AI optimism, but shares dropped nearly 2% after Apple gave no firm timeline for the new Siri.