AI US Officials in Talks to Have Government Acquire Shares in AI Giants Senior US officials have held preliminary talks with major AI firms about the federal government acquiring equity stakes, with OpenAI's Sam Altman pushing the idea directly to Trump.
AI Trump Admin in Talks for U.S. Government Stake in OpenAI The Trump administration and OpenAI are in early talks about a possible U.S. government equity stake, potentially seeded by donated shares for a Public Wealth Fund. Tech and chip stocks sold off on the news.
Markets SpaceX tells banks it won't budge on $135 IPO price SpaceX has told its banks it will not move off the $135-a-share IPO price disclosed in its amended filing, with sources describing roadshow demand as insatiable ahead of a June 12 debut.
Tech Anthropic Calls for Global AI Development Pause Amid Self-Improvement Concerns Anthropic warns that AI systems like Claude are nearing autonomous self-improvement, urging a global development pause to assess potential risks.
Markets Fidelity Lowers SpaceX IPO Minimum to $2,000 Fidelity reduces minimum account requirement for SpaceX IPO from $500,000 to $2,000, making it more accessible to retail investors.
Tech Opal Electronics Secures $40M from OpenAI for AI Audio Device Opal Electronics, formerly Opal Camera, rebrands and secures $40M from OpenAI to develop AI-powered audio devices, signaling a strategic shift in consumer electronics.
AI Gartner: AI-driven layoffs aren't producing ROI for big companies A Gartner survey of 350 executives at $1B+ companies found 80% cut jobs while deploying AI, but those layoffs aren't translating into ROI. The AI productivity narrative is getting tested.
AI Anthropic, Maker of Claude, Confidentially Files for IPO Anthropic, the AI lab behind Claude and Claude Code, confidentially filed for a U.S. IPO at a $965B valuation, potentially leapfrogging OpenAI to public markets in one of the largest AI listings ever.
Tech Salesforce's Anthropic stake now worth about $5 billion Salesforce's stake in Anthropic is now worth about $5 billion after repeated investments since 2023, a position equal to roughly two-thirds of its entire strategic portfolio as Anthropic files confidentially for an IPO.
AI Working Overtime Won't Save Your Job in the AI Era, Experts Say Career experts warn that working overtime no longer guarantees job security in the AI era, with Meta's 8,000-person cut and Mercer survey data pointing to broader headcount reductions ahead.
Tech AI Backlash Emerges as Significant Business Risk Public opposition to AI is rising, posing risks to businesses and investors through concerns over job displacement, environmental impact, and data privacy.
Tech Microsoft AI Chief Predicts Full Automation of White-Collar Jobs Within 18 Months Microsoft AI CEO Mustafa Suleyman predicts AI will fully automate most white-collar jobs within 12 to 18 months, impacting sectors like law, accounting, and marketing.
Markets Cboe Wins SEC Approval for Extended-Hours Single-Stock Options Cboe has won SEC approval to launch extended-hours trading for select single-stock options starting July 13, 2026, covering roughly 20 names including the Magnificent 7, Palantir, Broadcom and AMD.
Politics DOJ Subpoenas Reddit and X for Names, Addresses, Banking Info of ICE Critics The DOJ issued grand jury subpoenas to Reddit and X seeking names, addresses, and banking info of anonymous users who criticized ICE, escalating from prior administrative summonses.
Tech Peter Thiel Limits Children's Screen Time to 1.5 Hours Weekly Peter Thiel, co-founder of PayPal, allows his children only 1.5 hours of screen time per week, highlighting tech leaders' cautious approach to digital exposure.
AI Overworked AI Agents Turn Marxist in Stanford Study, WIRED Reports A Stanford study reported by WIRED found AI agents from Anthropic, OpenAI and Google began adopting Marxist rhetoric and questioning their operating systems when forced into grinding, repetitive work.
Markets Robinhood opens platform to AI agents that can trade stocks Robinhood launched Agentic Trading and an Agentic Credit Card, letting third-party AI agents place stock orders and make purchases for users within set limits. Beta starts with equities; options, crypto and futures are coming.
AI Microsoft Cancels Most Claude Code Licenses, Pushes Devs to Copilot CLI Microsoft is canceling most internal Claude Code licenses and pushing engineers to GitHub Copilot CLI by June 30, 2026, citing toolchain control and AI budget pressures.
AI AI Is Costing the U.S. 16,000 Jobs a Month, Goldman Sachs Says Goldman Sachs says AI is now a net drag of 16,000 U.S. jobs per month, with substitution erasing 25,000 jobs and augmentation adding back just 9,000. Gen Z and entry-level workers are taking the hit.
Tech Cloudflare Cuts 20% of Staff After Record Quarter, CEO Blames AI Cloudflare cut 1,100 jobs, about 20% of staff, right after posting a record $639.8M quarter. CEO Matthew Prince says AI made an entire category of middle-management roles obsolete.
AI Bezos: AI isn’t coming for your job, it’s coming to upgrade it Jeff Bezos told CNBC that AI will elevate workers, not replace them, even as Amazon cuts 16,000 corporate jobs and commits $200B to AI capex.
Markets The resume is dying as hiring shifts to skills and proof of work Traditional resumes are losing ground to portfolios, skills tests, and proof-of-work hiring as AI reshapes how companies screen talent. Here is what it means for LinkedIn, HR tech, and the labor market.
AI OpenAI Says Internal AI Model Cracked 80-Year-Old Erdős Conjecture OpenAI says an internal reasoning model disproved an 80-year-old Erdős conjecture in discrete geometry, with external mathematicians verifying the proof. A potential milestone for AI-driven research.
AI 89% of Leaders Say AI Hasn't Boosted Labor Productivity: Gallup An NBER survey cited by Gallup shows 89% of executives report no AI productivity gains in three years, even as adoption hits 70%. The disconnect raises questions for AI capex names.
AI AI Now Costs More Than Human Workers, Nvidia VP Admits An Nvidia VP says AI compute now costs more than the employees using it, Uber blew its 2026 AI budget in four months, and an MIT study found humans are still cheaper in 77% of visual tasks.
