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Trump administration moves to underwrite US AI exports with billions in EXIM financing

EXIM has more than $100bn of unused statutory lending capacity that the White House wants channelled into US-built, full-stack AI export packages, with the Commerce Department running a public solicitation for industry-led consortia. The Trump administration is moving to underwrite US-made AI exports with billions of dollars of federal export financing, the latest in a […]

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Samsung chip workers offered a $340,000 average bonus as union pushes toward $1m and an 18-day strike

Leaked transcripts show memory-line staff offered up to 607% bonuses worth $477,000, while logic-chip employees get as little as 50%. The 45,000-person walkout, if it lands, would be the largest in semiconductor-industry history. Samsung Electronics will pay its chip workers an average bonus of about $340,000 for the year, Bloomberg reported on Thursday, as the company […]

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Starling’s FY26 profit dips again as the neobank provisions for more credit losses

The Goldman-backed UK challenger has booked a second consecutive annual decline as it takes additional expected-credit-loss provisions, on top of the FY25 fallout from the BBLS Covid-loan compliance issue and the FCA’s £29m anti-money-laundering fine. Starling Bank’s annual profit fell again in the year to 31 March 2026, Bloomberg reported on Thursday, as the Goldman-backed UK […]

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Manus eyes $1bn raise to buy itself out of Meta acquisition after Chinese block

Beijing has ordered the Singapore-via-China agentic AI startup to reverse Meta’s $2bn-plus December acquisition. Manus’s response, on Bloomberg’s reporting, is to raise the capital required to buy itself back out. Manus AI, the Singapore-headquartered agentic-AI start-up at the centre of the Chinese regulatory block on Meta’s $2bn-plus December acquisition, is weighing a fresh capital raise […]

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China blocks NVIDIA’s RTX 5090D V2 imports while Jensen Huang was in Beijing

The ban on the China-only Blackwell card landed during the Trump delegation’s state visit, on which the Nvidia CEO was a late addition. Chinese AI buyers had been using the 5090D V2 as a workaround for the H200 procurement vacuum. China stopped granting import permits for Nvidia’s RTX 5090D V2 gaming card on 15 May, […]

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SpaceX files S-1, opening the path to what would be the largest IPO in history

The prospectus shows $18.7bn of 2025 revenue, a $4.27bn Q1 net loss, an accumulated deficit of $41.3bn, and a balance sheet that includes 18,712 bitcoin worth $1.29bn at quarter-end. SpaceX will list on Nasdaq under the ticker SPCX. SpaceX has filed its S-1 with the US Securities and Exchange Commission, opening the path to what […]

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Airbnb is adding hotels, car rentals, and luggage storage as it evolves from a home-sharing app into a full travel platform

  Airbnb started as a way to book someone else’s spare room. It is now trying to become the app you never leave during a trip. The company’s summer 2026 release adds boutique hotels, car rentals, luggage storage, and thousands of new experiences to the platform. The hotel push is the most significant shift. Airbnb […]

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Tesla’s Full Self-Driving software just landed in its second European country, with more in the queue

Tesla’s Full Self-Driving software is no longer a single-country experiment in Europe. Lithuania became the second EU member state to approve FSD (Supervised) on Tuesday, just weeks after the Netherlands became the first. Greece and Belgium are expected to follow shortly. The Lithuanian transport safety administration adopted the Dutch RDW’s prior certification rather than running […]

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OpenAI is about to file for an IPO, and prediction markets think Anthropic just lost the race to go public first

The AI industry’s most consequential race is no longer about building the best model. It is about getting to public markets first. OpenAI appears to have taken the lead. The company is preparing to confidentially file a draft of its IPO prospectus as soon as this week, according to CNBC, with Goldman Sachs and Morgan […]

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LinkedIn is finally cracking down on AI slop, and the feed might actually become readable again

If your LinkedIn feed has felt like it was written by one person with 10 million accounts, you are not imagining things. The platform has become a petri dish for AI-generated posts that say nothing while sounding vaguely inspirational. Now LinkedIn says it is doing something about it. The company announced changes that will target […]

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