Latest updates from the world of artificial intelligence
Sensor Tower data reported June 16 puts ChatGPT at 46.4% of the mobile AI-assistant market by late May — below half for the first time, down from about 81% two years ago — as Gemini climbs to 27.7% and Claude to 10.3%. Claude now also out-earns ChatGPT on revenue per user.
TechCrunch
Read more →An open letter signed by 76 cybersecurity veterans — among them Alex Stamos, Katie Moussouris and Paul Vixie — urges Commerce Secretary Howard Lutnick to lift the export-control order that pulled Claude Fable 5 and Mythos 5 offline, arguing it strips defenders of their best tool while doing nothing to slow adversaries. Anthropic warns the precedent could “halt all new model deployments” across the industry.
TechCrunch
Read more →Nvidia, one of the most cash-rich companies on earth, is tapping the bond market for at least $20 billion across seven tranches maturing in two to thirty years — its first investment-grade issuance since 2021. The move puts the AI boom’s biggest beneficiary squarely inside the debt wave now funding the industry’s build-out.
Bloomberg
Read more →The summit photo-op hides a deeper fight: Washington resists binding multilateral AI rules to protect its lead, while Europe and Canada race to build "sovereign" stacks of their own. Expect the governance language at Évian to be watered down.
Tech Policy Press
Read more →For the first time, the chiefs of OpenAI, Anthropic and Google DeepMind sit before G7 leaders at once — at a three-day summit in Évian-les-Bains where youth safety, frontier risks and a package of voluntary commitments top the agenda.
The Next Web
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Shenzhen-based EngineAI, valued at $1.5 billion just three years after its founding, has filed confidentially to list in Hong Kong — the latest entrant in a humanoid-robot IPO rush that has already raised $22.6 billion this year.
The Next Web
Read more →NVIDIA and NAVER will build sovereign AI factories on the DSX platform at the GAK Sejong data center — 55 MW in 2027, ramping toward a gigawatt — to run HyperCLOVA X, a Seoul world model, and an agentic AI layer for Korea and beyond.
NVIDIA Newsroom
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A Wall Street Journal report says OpenAI is weighing significant cuts to what it charges per token, bracing for the same move from Anthropic — a volume play between two rivals both racing toward the public markets.
The Wall Street Journal
Read more →China's planners are reportedly drafting a roughly $295 billion, five-year program to build a nationwide network of AI data centers — with a rule that at least 80% of the core technology, chips included, come from domestic suppliers like Huawei, effectively shutting out Nvidia and AMD.
Bloomberg
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WeRide and Uber are making their first joint move into Europe with a commercial robotaxi pilot in the Region of Madrid, booked through the Uber app and operated with fleet partner AVOMO. It starts with safety operators later in 2026 and is meant to scale to hundreds of fully driverless cars.
WeRide / Uber
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Elon Musk's rocket company is becoming an AI landlord. A SpaceX filing reveals Google has agreed to pay $920 million a month — roughly $29 billion through mid-2029 — for access to about 110,000 NVIDIA GPUs at the Colossus complex, the second nine-figure compute deal SpaceX has struck this spring.
TechCrunch
Read more →A 269-page bipartisan discussion draft from Reps. Jay Obernolte and Lori Trahan would preempt state laws regulating frontier AI development for three years while forcing the largest labs to publish safety frameworks, report incidents and submit to third-party audits.
FedScoop
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Prime Minister Mark Carney unveiled Canada’s long-awaited national AI strategy in Toronto, committing more than $2.3 billion to compute, adoption and training while setting a target of 250,000 new AI jobs and $200 billion in added economic growth by 2031.
Prime Minister of Canada
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The world's highest-grossing law firm, on roughly $10.6B in annual revenue, will pour $500 million over four years into a proprietary AI platform — on-premise GPUs, ~180 technologists, and the option to fine-tune its own models. It is a build-not-buy bet that smaller rivals simply cannot match.
Bloomberg Law
Read more →At COMPUTEX 2026, Nvidia unveiled Vera — its first CPU designed for AI agents rather than people. Built on 88 custom “Olympus” Arm cores with Spatial Multithreading for 176 threads, it claims more than 1.8x the agentic-sandbox throughput of x86 and roughly 63% over the Grace CPU it replaces. In debut third-party benchmarks it beats AMD EPYC and Intel Xeon — a direct strike at the one part of the data center Nvidia had always left to its rivals.
NVIDIA / Phoronix
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President Trump signed an executive order on June 2 asking AI developers to voluntarily hand the federal government access to their most powerful models for up to 30 days before public release, so agencies can benchmark “advanced cyber capabilities.” The order explicitly bars any mandatory licensing or preclearance — a markedly lighter touch than the version pulled in May — and pairs the review with a new Treasury-run cybersecurity clearinghouse for critical infrastructure.
The Register / NPR / The White House
Read more →A logic flaw in Meta’s AI support assistant let attackers add their own email to any Instagram account and reset the password — bypassing 2FA entirely. Victims included the Obama-era White House handle and the Space Force’s top enlisted leader.
TechCrunch
Read more →Google’s AI Search overhaul — AI Overviews plus the new AI Mode — now answers most queries in place, and publishers say it is an extinction-level event for the open web. Roughly 60% of searches end with zero clicks, global publisher traffic is down about a third, and some sites report drops near 90%. The result: antitrust suits, mass content-blocking, and a fight over whether a search engine that no longer sends traffic is still a fair deal.
Digiday / Press Gazette
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An unnamed enterprise client ran up a roughly $500 million Claude bill in a single month, according to Axios — not through fraud or a bug, but by handing every employee uncapped access and never switching on a usage limit. Agentic workflows and large-context prompts quietly turned $500–$2,000-per-engineer habits into a nine-figure invoice, and it has become the year’s loudest cautionary tale about AI governance.
Axios
Read more →Nvidia CEO Jensen Huang told employees in Taipei that the company will invest roughly $150 billion a year in Taiwan, up from $10–15 billion just four or five years ago, calling the island “the epicentre of the AI transformation.” Nvidia will break ground on a new Taipei headquarters this year — targeted to open by 2030 with about 4,000 staff — to sit closer to chipmaker TSMC.
Reuters / CNBC
Read more →On May 27, Snowflake signed a five-year, $6 billion commitment to AWS centered on Graviton CPUs to power agentic and inference workloads — a sum nearly equal to the $7 billion Snowflake has booked through AWS Marketplace since 2012. It is the second multi-billion Graviton deal of 2026 after Meta and a clear signal that the AI bottleneck is shifting from training GPUs to inference CPUs.
GeekWire / Snowflake 8-K
Read more →Cognition, the startup behind autonomous software engineer Devin, raised more than $1 billion in a Series D at a $26 billion post-money valuation on May 27 — 2.5× its September 2025 mark. Lux Capital, General Catalyst and 8VC co-led the round; ARR has reached roughly $492 million and 89% of code committed by Cognition’s own engineers is now written by Devin.
Bloomberg / TechCrunch
Read more →NextEra Energy has agreed to acquire Dominion Energy in an all-stock deal worth about $67 billion, creating the world's largest regulated electric utility. The rationale is almost entirely about AI: the two companies project U.S. power demand will climb roughly 60% by 2045, driven by data-center hubs that now approach 5,000 megawatts apiece, and the combined firm is chasing a large-load pipeline north of 130 gigawatts.
NextEra Energy / CNBC
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On May 26, both Sam Altman and Dario Amodei softened their AI “jobs apocalypse” warnings. Altman told Commonwealth Bank’s CEO he was “pretty wrong” and “delighted to be wrong” that entry-level white-collar roles haven’t been wiped out, while Amodei recast his 50%-of-white-collar-jobs warning as automation that “expands” human work. The walk-back lands just as OpenAI and Anthropic head toward IPOs valued near $1 trillion each.
Fortune / Time
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