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Illinois Governor JB Pritzker signs a state budget that levies taxes on social media giants, digital advertising, and prediction and crypto markets (Mitchell Armentrout/Chicago Sun Times)

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Anthropic pauses its plan to move Claude Agent SDK to token-based billing from June 15, saying "Nothing changes for now", giving power users a pricing reprieve (Kyle Orland/Ars Technica)

SpaceX closed up 4.83% on Tuesday for a $2.65T market cap, just above Amazon's, after popping ~12% intraday and briefly overtaking Microsoft's $2.93T market cap (CNBC)

Sources: PayPal plans to close its 10-year-old PayPal Ventures arm amid new CEO Enrique Lores' shakeup and has hired Jefferies to explore selling some positions (Ben Weiss/Fortune)

Melbourne-based Everlab, which is building an AI-powered preventive healthcare platform, raised a AU$65M Series A led by Airtree Ventures (Tegan Jones/SmartCompany)

Sensor Tower: ChatGPT's market share fell to 46.4% at the end of May, as Gemini rose to 27.7% and Claude to 10.3%; Grok, Meta AI, and others have less than 5% (Ivan Mehta/TechCrunch)

Z.ai debuts GLM-5.2, saying the open-weights AI model brings improvements to agentic coding and long-horizon tasks, with a 1M context window and an MIT license (Z.ai)

Google launches Android 17 and Wear OS 7, available first on Pixel devices, with support for the latest AI models, a bubble bar UI, and live updates on Wear OS (Sarah Perez/TechCrunch)

Qualcomm announces Snapdragon Reality Elite, its new flagship XR chipset, and says it will debut in the compute puck of Xreal's Aura Android XR device this fall (David Heaney/UploadVR)

Letter: Hightouch, an ad tech startup valued at $2.75B in April, offers to buy LiveRamp's identity business from Publicis for $800M to $1.2B in cash and stock (Sara Fischer/Axios)

A look at Specs, which have a battery life of up to four hours and a case with four charges, and an interview with Snap CEO Evan Spiegel about the AR glasses (Harry McCracken/Fast Company)

Snap unveils $2,195 Specs, its first "fully standalone" AR glasses, which have a 51-degree field of view, set to ship "this fall" in the US, the UK, and France (Jay Peters/The Verge)

Microsoft is moving Copilot Cowork to usage-based pricing and is considering a Microsoft-hosted version of DeepSeek as a cheaper option (Ina Fried/Axios)

Sources: Apple's AirPods with cameras for AI are scheduled to launch in 2027 alongside the 20th anniversary pro iPhones and a second-generation foldable iPhone (Mark Gurman/Bloomberg)

Databricks agrees to acquire Panther Labs, its third cybersecurity acquisition; Panther was valued at $1.4B when it raised a $120M Series B in 2021 (Jeffrey Dastin/Reuters)

Bland, which uses proprietary, in-house-built voice models to process calls for 250+ enterprise clients, raised a $50M Series C led by Dell Technologies Capital (Lily Mae Lazarus/Fortune)

Hydra Host, a marketplace for developers and enterprises to procure GPUs pooled from data center operators, raised a $100M Series A led by Kindred Ventures (Mike Wheatley/SiliconANGLE)

Sources: the Trump administration won't allow G7 countries to regain access to Mythos 5 as doing so would be "completely illogical"; UK requested a "carve-out" (James Franey/New York Post)

Sources: Binance is set to lose permission to offer services to EU clients from the start of July as its application for a license is about to be turned down (Reuters)

Ent Security, which wants to build a new layer of workspace security that reads the intent behind what users and AI agents do, launches with $100M in funding (Duncan Riley/SiliconANGLE)

Limitless Labs, which is developing an AI platform to automate CNC manufacturing, raised a $20M Series A led by Dell Technologies Capital and Square Peg (Meir Orbach/CTech)

Microsoft upgrades Surface Pro and Surface Laptop with Qualcomm Snapdragon X2 chips; Pro starts at $1,499 and Laptop at $1,599, both $100 higher than last-gen (Antonio G. Di Benedetto/The Verge)

Copia, an industrial code management and recovery provider, raised $26M co-led by AE Ventures and Squadra Ventures, after previously raising $16.4M (Colin Campbell/Axios)

Docs: audited financial figures show OpenAI spent $34B in 2025, up 172% YoY, including $19B on research and development and nearly $6B on sales and marketing (Ed Zitron/Ed Zitron's Where's Your Ed At)

Roblox rolls out Roblox Kids accounts for ages 5 to 8 and Roblox Select accounts for ages 9 to 15, globally, after unveiling them alongside age checks in April (Jay Peters/The Verge)

Robinhood CEO Vlad Tenev says the company is "proactively" reducing its full-time workforce by ~10%, or ~290 employees, in a "flattening" of its org structure (Helen Partz/Cointelegraph)

Ripple acquires a stake in Flutterwave as part of the African payments startup's Series E, valuing Flutterwave at $3.2B (Emele Onu/Bloomberg)

An interview with SBF about life in prison, his serialized prison memoir titled Manfred, and more, as he praises Trump, becomes a Republican, and seeks a pardon (Simon van Zuylen-Wood/New York Magazine)

Atom Computing, one of the nine quantum computing startups backed by the US, raised a $100M Series C led by Third Point, bringing its total funding to $300M (Lucinda Shen/Axios)

Meta says Threads now has 500M MAUs, adds a "Your Algo" tool that lets users privately control what they see in their feed, and launches Communities out of beta (Aisha Malik/TechCrunch)

Alibaba's AI unit Tongyi Lab launches the Qwen Robot Suite, its first suite of AI models for robots, in pilot testing with some Alibaba Cloud enterprise clients (Wency Chen/South China Morning Post)

SpaceX agrees to acquire Cursor in a merger valuing the AI coding startup at $60B, set to close in Q3 2026, or pay a $4B to $10B termination fee (Reuters)

SoftBank announces an OpenAI-powered "patching service" that aims to protect Japan's top 3,000 companies behind crucial infrastructure against cyberattacks (Yuri Kageyama/Associated Press)

Florida sues TikTok for allegedly violating its social media regulations for minors and state consumer protection laws by showing "X-Rated" content to minors (Alex Ebert/Bloomberg Law)

France plans €655M in AI investments through 2030 and a Mistral-powered chatbot for state services; its security service will replace Palantir with Chapsvision (Benoit Berthelot/Bloomberg)

India blocks Telegram until June 22 citing its use by organized "cheating rackets" to "defraud candidates" taking a national medical entrance examination (Reuters)

Study: Mistral and other open-source AI models are among the weakest at filtering Russian disinformation; Mistral's top model ranks 47 out of 60 tested models (Andrew Jack/Financial Times)

Kuala Lumpur-based Respond.io, which uses AI agents to manage customer conversations, raised a $62.5M Series B led by Camber, following a $7M Series A in 2022 (Kate Park/TechCrunch)

Italy's competition regulator opens a probe into Apple under the DMA over the interoperability of iOS and iPadOS with alternative cloud services (Cristina Carlevaro/Reuters)

Sources: DeepSeek closed a $7.4B round at a $50B valuation under an unusual structure requiring investors to put capital into an LP run by CEO Liang Wenfeng (The Information)

Sources: audited financial figures show OpenAI spending hit $34B in 2025, including $19B on research and development and nearly $6B on sales and marketing (Financial Times)

Sources: Microsoft is adding AWS capacity to GitHub after AI-driven growth strained infrastructure and triggered a series of reliability issues (Ashley Stewart/Business Insider)

Memo: CTO Andrew Bosworth said Meta did "an atrocious job" sharing Applied AI's vision, promising employees better communication, career growth, and more perks (Wired)

Filing: the US DOJ asks court to dismiss an NAACP suit over xAI's gas turbines, saying xAI is integral to US' military operations, including the Iran War (Molly Taft/Wired)

Sources: Trump officials weighed Anthropic export controls weeks before forcing its models offline, after a dispute over Mythos access for a China-linked firm (Washington Post)

Anthropic says its senior leaders met Trump admin officials on June 15, but no resolution was reached and both sides are working to resolve things quickly (Leo Schwartz/The Information)

Taxi-hailing app Go's shares grew 21% in its Tokyo debut, after it raised ~$553M in Japan's largest IPO in 2026, giving the company a market value of ~$1.16B (Yasutaka Tamura/Bloomberg)

A look at Roblox's biometric age-checking tool, which will help place its users into age-based accounts starting in June, amid controversy over user privacy (NBC News)

A profile of Cursor, including its hiring process and testy relationship with Anthropic, which told Cursor that Claude Code was a research effort, per a source (Business Insider)

Sources: several Xbox studios, including Hellblade maker Ninja Theory, are in talks with Microsoft to buy themselves back and go independent to avoid closure (Jason Schreier/Bloomberg)