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Marvell and Flex, a contract manufacturer for electronics, will join the S&P 500; MRVL jumps 6%+ after hours after closing down 16.74% amid a broader sell-off (Kif Leswing/CNBC)

Source: OpenAI and White House are discussing a government stake in the company, to seed something like the "Public Wealth Fund" that OpenAI outlined earlier (CNBC)

Sources: Apollo and Blackstone finalized a $35B package for Anthropic to lease TPUs; Broadcom is backstopping payments on the debt's largest senior portions (Bloomberg)

Trump signs a national security memorandum seeking to "accelerate the use of AI across intelligence and warfighting domains in line with American values" (Reuters)

US-traded chipmakers plunged on Friday, after Broadcom missed expectations; Nvidia fell 6.19%, Micron fell 13.25%, AMD fell 10.86%, and Broadcom 7.92% (Noel Randewich/Reuters)

Bitcoin falls below $60K, its lowest level since October 2024, amid a record streak of bitcoin ETF outflows following Strategy's bitcoin sale (CNBC)

Sources: AI coding startup Lovable is in talks to raise funding at a $12B valuation, up from $6.6B in December 2025 (Rashi Shrivastava/Forbes)

Filing: Google has agreed to pay SpaceX $920M per month for access to Nvidia chips as part of a cloud-services deal that runs through mid-2029 (Bloomberg)

Sources: Revolut is looking to run a secondary share sale that would value it at $115B, after receiving a UK bank license and applying for a charter in the US (Bloomberg)

President Trump says he is weighing proposals for US government to hold equity stakes in leading AI labs, and will soon discuss the idea with their executives (Bloomberg)

Sources: Meta explores a stock offering to raise tens of billions to fund AI capital expenditures, following Google's record $85B share deal; META drops 5%+ (Financial Times)

Sources say xAI used Claude models for distillation and training, including using personal accounts and the intermediary service Blackbox AI after being cut off (Grace Kay/The Information)

The largest US banks plan to launch a tokenized deposit network in 2027 to connect traditional payment rails with the infrastructure that digital assets run on (Wall Street Journal)

Over 20 EU news publishers file a claim seeking €640M+ from Google following an EU decision that lets anyone harmed by Google's ad market abuse seek damages (Charlotte Tobitt/Press Gazette)

The NY State legislature passes a one-year moratorium on new large data centers, the first statewide ban of its kind if Governor Kathy Hochul signs it into law (Lauren Feiner/The Verge)

Filing: Reid Hoffman, who has served on Microsoft's board since 2017, will not stand for re-election at the company's 2026 annual meeting (Todd Bishop/GeekWire)

Sources: SpaceX prepares the largest retail allocation ever attempted in a megacap IPO, seeking to reserve as much as 25% of its $75B float for retail investors (Financial Times)

In an internal message, Satya Nadella rebuked an internal memo that said Microsoft needs to "make people addicted" to its new AI agent product called Scout (Aaron Holmes/The Information)

Allen Control Systems, which makes AI-powered gun turrets for shooting down drones, raised a $200M Series B led by Smash Capital at a $2.2B post-money valuation (Dan Primack/Axios)

Blackstone-backed data center operator AirTrunk commits to investing $30B in India by 2030, with plans to develop 5GW of new data center capacity in the country (Jagmeet Singh/TechCrunch)

What to expect at WWDC 2026: an overhauled Siri, a Siri app, a slew of new AI capabilities, OS updates focused on reliability and responsiveness, and more (Mark Gurman/Bloomberg)

Sources: US officials discussed the US taking stakes in major AI companies after Sam Altman pitched the idea in 2025; Altman met Bernie Sanders on Wednesday (Wall Street Journal)

A research team that includes Huawei says it successfully used Huawei's Ascend 910C chips for DeepSeek V4 Pro model's post-training, amid increased US sanctions (Coco Feng/South China Morning Post)

FCC Chair Brendan Carr says the agency will review E-Rate, a $3B annual program subsidizing school and library internet access, amid kids' screen time concerns (Finya Swai/The Hill)

Chinese regulator CSRC tightens oversight of the country's ~$3.4T private fund industry; the CSRC says it will encourage tech-focused VC investments and more (Reuters)

Sources say a months-long dispute between the White House and Anthropic is showing signs of easing across the US government as the startup prepares for its IPO (Reuters)

Illinois Governor JB Pritzker plans to temporarily halt tax breaks for data centers from July 1, calling on state lawmakers to create a development framework (Natasha Korecki/NBC News)

India-based Innefu Labs, which builds AI-powered software for national defense and enterprise security infrastructure, raised a $30M Series B led by Panthera (The Economic Times)

University of Cambridge researchers say they have developed the first vaccine with a key component entirely designed by AI and subsequently trialed it in humans (James Gallagher/BBC)

OpenAI confirms it will comply with President Trump's EO that asks AI companies to allow the US government to assess their models' capabilities before release (Michael Considine/CNBC)

Apple-funded study: the App Store had $1.4T in billings and sales globally in 2025; apps with consumer AI features saw 4x more billings growth than other apps (Ryan Christoffel/9to5Mac)

SpaceX says Starlink now has 12M+ "active customers with high-speed internet" across 160+ countries, territories, and other markets, up from 9M in December 2025 (@starlink)

Sources: data center developer Switch is in talks to raise billions of dollars from private equity firms, including Brookfield and KKR, at a $50B+ valuation (The Information)

Elon Musk petitioned the FTC in May to end its 2022 order restricting Twitter's data use, claiming Twitter no longer exists as X merged with xAI and then SpaceX (Ashley Belanger/Ars Technica)

Analysis: Meta discreetly added code for an unreleased "NameTag" face-recognition system for its AI smart glasses over multiple Meta AI app updates in 2026 (Wired)

S&P Dow Jones rejects proposals to expedite S&P 500 eligibility for mega-cap IPOs such as SpaceX's; companies remain ineligible until one year after their IPOs (Isabelle Lee/Bloomberg)

An interview with Naomi Gleit, Meta's head of product who joined the company in 2005, on Mark Zuckerberg's "unfair" reputation, AI agents for business, and more (Zoe Kleinman/BBC)

Denver-based Scotch, which makes AI-powered payments tools for liquor retailers, raised a $20M Series A from VMG Partners, following a $10M seed in 2024 (Mary Ann Azevedo/Crunchbase News)

Cloudflare CEO Matthew Prince says agentic traffic is "growing so fast that bots have now passed human traffic online for the first time" (Mark Tyson/Tom's Hardware)

Anthropic calls for top AI labs to weigh slowing or temporarily pausing development, suggesting that self-improving AI systems may soon pose societal risks (Wall Street Journal)

Sources: US officials have held talks with AI companies about the government acquiring shares; Sam Altman first pitched the concept directly to Trump in 2025 (NOTUS)

OpenAI updates ChatGPT memory with a "more capable and compute-efficient" architecture and a summary page that lets users review and steer what it remembers (OpenAI)

Quantinuum closed up 0.63% in its Nasdaq debut on Thursday, with a market value of $15.7B, after raising $1.68B in an upsized IPO (CNBC)

Internal docs from lawsuits by 1,400 school districts show how social media companies targeted kids: Meta paid "teen ambassadors", Snap sent school-hour alerts (Jennifer Valentino-DeVries/New York Times)

Poke, which lets users access AI agents via text message, becomes the first AI agent approved for Apple's Messages for Business platform (Sarah Perez/TechCrunch)

Unsealed 2020 lawsuit: ex-IBM VP of threat intelligence alleges that IBM and AT&T concealed foreign cyber breaches to maintain eligibility for federal contracts (Bloomberg)

Sources: Anthropic has embedded around half a dozen forward-deployed engineers within the NSA to help the agency deploy Mythos for offensive cyber operations (Financial Times)

Sources: Brian Chesky is starting a new AI lab and considering a focus on user interaction and design; he will remain Airbnb CEO and will not be the lab's CEO (Bloomberg)

In a letter to Utah Senate President, Kevin O'Leary says he will cut a 40,000-acre AI data center project in Utah by roughly half, after backlash from lawmakers (John Ainger/Bloomberg)

Supabase, which provides backend tools for building AI apps, raised a $500M Series F led by GIC at a $10B pre-money valuation, up from $5B in October 2025 (CJ Haddad/CNBC)