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Trump officials fear a loophole let Chinese firms buy Nvidia Blackwells

The gap, officials worry, let Chinese companies acquire banned chips through overseas subsidiaries. New guidance is meant to close it, after the chips may already have moved. The export ban worked on paper and leaked in practice. Trump administration officials are worried that a gap in US rules allowed Chinese companies to legally buy servers […]

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US officials have discussed taking government stakes in AI companies

The idea is unusual enough that it took a moment to register: the United States government, owning a slice of the companies building frontier AI. According to a report by NOTUS, senior US officials have held preliminary discussions with major AI companies about exactly that, the federal government acquiring shares in the firms at the […]

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Meta launches an AI assistant that tells Facebook creators why their content works, not just that it did

Knowing that a reel performed well has never been the hard part. The hard part is understanding why. Was it the hook, the timing, the format, the audio? Creators have spent years toggling between analytics dashboards trying to reverse-engineer answers that the data, on its own, does not give. Meta’s new Creator Assistant, announced on Wednesday, […]

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Databricks CEO calls 2026 “a terrible year to go public” as SpaceX, Anthropic, and OpenAI prepare to absorb $200 billion in IPO capital

Three companies are preparing to enter public markets this year with a combined valuation that could exceed $3 trillion. SpaceX is set to list as early as 12 June at a $1.77 trillion valuation, selling 555.6 million shares at a fixed price of $135 each in what will be the largest IPO in history. Anthropic has filed at […]

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Ramp hits $44 billion valuation in $750 million raise as it bets that AI token spending is the next corporate expense to tame

Two years ago, Ramp was a $7.65 billion corporate card company. On Wednesday, it announced a $750 million Series F that values it at $44 billion, a nearly six-fold increase that makes it one of the most valuable private fintech companies in the world. The round was led by ICONIQ, GIC, and Ontario Teachers’ Pension […]

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UK forces Google to let publishers opt out of AI search results without losing their ranking

For months, publishers have faced a binary choice with Google: let AI Overviews summarise your content at the top of the search page, sending less traffic to your site, or disappear from Google entirely. As of Wednesday, that choice no longer applies in the UK. The Competition and Markets Authority has ordered Google to give publishers the […]

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Revolut’s co-founder and first employee steps down as CTO ahead of the company’s march toward a $200 billion IPO

Vlad Yatsenko was Revolut’s first employee. He joined before CEO Nik Storonsky had even launched the company. Storonsky later gave him the title of co-founder, not because he had co-founded the business in the conventional sense, but because, as Storonsky told David Rubenstein earlier this year, “it was easier for him to recruit engineers if he had […]

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Microsoft’s AI chief says the company wants to “eliminate” what it pays Anthropic

Mustafa Suleyman has identified Microsoft’s biggest AI competitor, and it is not OpenAI. “Anthropic is extremely expensive and I think many people are urgently looking for alternatives,” the head of Microsoft’s in-house model effort told Bloomberg in an interview. The statement is more than competitive positioning. It is a declaration of intent. “We pay a lot of […]

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Quantinuum prices its IPO at $1.68bn, setting a new bar for quantum

The marketed range was $53 to $55. Quantinuum priced at $60. That gap, the willingness of investors to pay above what the bankers asked, is the real news in the Honeywell-backed company’s initial public offering, which raised $1.68bn and set a valuation the entire quantum-computing sector will now be measured against. The mechanics are straightforward. […]

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SpaceX wins Texas county approval for Terafab reinvestment zone

A reinvestment zone is the unglamorous first step, the procedural gate that has to open before any of the larger numbers attached to a project can flow. On 3 June, the commissioners of Grimes County, Texas, opened it, voting 4-1 to designate a reinvestment zone for SpaceX’s proposed Terafab semiconductor plant. The vote is the […]

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