| Financial Times: |
Sources: Nvidia and AMD agreed to pay the US government 15% of H20 and MI308 chip revenue from China sales, as a condition of export licenses granted last week — Chipmakers agree to unusual arrangement to secure export licences from Trump administration — Nvidia and AMD have agreed … | Bloomberg: |
Trade experts: Nvidia's and AMD's deals to export AI chips to China and pay the US 15% of revenue is “unprecedented” and a sign of “a new and dangerous world” — The revenue-for-exports deal between the US government and two of the world's biggest chipmakers opens … | Lauren Thomas / Wall Street Journal: |
Sources: Intel CEO Lip-Bu Tan is set to meet Trump on Monday to propose ways the US and Intel could work together, show his commitment to the US, and more — Lip-Bu Tan is set to meet with the president, who last week called for Tan's removal — Intel CEO Lip-Bu Tan is set to visit … | Luc Olinga / Gizmodo: |
Sam Altman says OpenAI will bring back GPT-4o to ChatGPT and raising reasoning model rate limits for free and Plus users, as usage of reasoning models increases — The move is a stunning reversal, proving that even the most powerful AI company can't ignore a mutiny from its loyal user base.| David Sacks / @davidsacks: |
| Gary Marcus / Marcus on AI: |
| Matt Burgess / Wired: |
UK researchers estimate 80 game cheat-selling websites generate $12.8M to $73.2M annually from 30K to 174K monthly buyers across North America and Europe alone — Gaming cheats are the bane of the video game industry—and a hot commodity. A recent study found that cheat creators are making … | Robert Frank / CNBC: |
CB Insights: there are now 498 AI unicorns, with a combined value of $2.7T, including 100 founded since 2023, and over 1,300 AI startups are valued above $100M — Artificial intelligence startups have minted dozens of new billionaires this year, adding to an AI boom that's quickly becoming … | Sam Tobin / Reuters: |
A UK judge dismisses Wikimedia's Online Safety Act challenge over requiring Wikipedia to verify users and contributors' IDs, but says it can file new challenges — The operator of Wikipedia on Monday lost a legal challenge to parts of Britain's Online Safety Act, which sets tough new requirements … | Financial Times: |
| James Davey / Reuters: |
UK retailer M&S resumes click and collect services 15 weeks after disclosing a cyberattack, set to cost it ~£300M; M&S resumed online delivery orders on June 10 — British retailer Marks & Spencer (MKS.L) has resumed taking click and collect orders for clothing … | Reuters: |
Rumble says it plans to acquire German AI cloud group Northern Data in an all-stock deal; estimates show the deal could be valued at ~$1.17B, a 32% discount — U.S.-listed video platform Rumble (RUM.O) is considering a potential offer of about $1.17 billion (1 billion euro) … | Alex Knapp / Forbes: |
Tahoe Therapeutics, which is building AI models of living cells, raised $30M led by Amplify Partners at a $120M valuation, taking its total funding to $42M — The Palo Alto, California-based company, now valued at $120 million, has developed a scalable way to quickly generate crucial biological data needed … | Jennifer Pattison Tuohy / The Verge: |
The CSA releases Matter 1.4.2 to improve reliability, stability, and cross-platform coordination, like Wi-Fi-only commissioning to lose its Bluetooth dependency — A 1.4.2 spec release brings a bunch of under-the-hood improvements alongside better coordination between ecosystem platforms, including Apple, Amazon, and Google.| Saritha Rai / Bloomberg: |
Malaysian startup Zetrix unveils NurAI, a chatbot for Muslims that it built using similar techniques to DeepSeek's V3, and plans AI avatars of Islamic scholars — A Malaysian company has designed an AI large language model for Muslims based on open-source AI knowhow from China's DeepSeek … | Peter Rudegeair / Wall Street Journal: |
AI-focused hedge funds have raised billions; source: ex-OpenAI researcher Leopold Aschenbrenner's Situational Awareness manages $1.5B+ as a “brain trust on AI” — A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for ‘brain trust on AI’
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| Stevie Bonifield / PC Gamer: |
| Tom Warren / The Verge: |