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June 5, 2026, 7:20 PM
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Top News

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  —  President Donald Trump expressed interest in the US government holding equity stakes in leading artificial intelligence developers …
Wall Street Journal:
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  —  The talks have been with artificial-intelligence leaders such as OpenAI CEO Sam Altman, who pitched the idea
Bloomberg:
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  —  Alphabet Inc.'s Google has agreed to pay Elon Musk's SpaceX $920 million a month for computing power as part of a cloud services deal that runs through mid-2029 …
Financial Times:
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%+  —  Facebook parent could sell tens of billions of dollars in new stock as it seeks to finance AI infrastructure
CNBC:
Bitcoin falls below $60K, its lowest level since October 2024, amid a record streak of bitcoin ETF outflows following Strategy's bitcoin sale  —  Bitcoin extended its losses on Friday, dropping to October 2024 lows to cap an already bruising week for crypto investors.
James Gallagher / BBC:
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  —  Artificial intelligence has been used to develop a “fundamentally new” type of vaccine that could protect against large swathes …
Noel Randewich / 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%  —  U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia …
Reuters:
Trump signs a national security memorandum seeking to “accelerate the use of AI across intelligence and warfighting domains in line with American values”  —  The White House said on Friday it would accelerate the development and use of AI for national security applications …
Mark Gurman / Bloomberg:
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  —  The iPhone maker will attempt its artificial intelligence turnaround on Monday.  —  Apple Inc. will unveil a new artificial intelligence strategy …
Grace Kay / The Information:
Sources say xAI used Claude models for distillation and training, including using personal accounts and the intermediary service Blackbox AI after being cut off  —  SpaceX's AI lab has had a chaotic year so far, churning through leaders and staff before bringing in outside help in an effort to catch up to Anthropic in coding.
Financial Times:
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  —  Up to a quarter of the rocket builder's $75bn float will be set aside for individual investors
Rashi Shrivastava / Forbes:
Sources: AI coding startup Lovable is in talks to raise funding at a $12B valuation, up from $6.6B in December 2025  —  The less than two-year old startup crossed $400 million in annual recurring revenue earlier this year.  The new fundraise would almost double its valuation.
More: Memeburn.  Forums: r/accelerate
Wall Street Journal:
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  —  The new network could help banks contend with a wave of new competition from stablecoins and crypto firms
Aaron Holmes / The Information:
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  —  Microsoft CEO Satya Nadella on Thursday rebuked an internal memo that another company executive had written advocating to …
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  —  Revolut Ltd. is looking to run a secondary share sale that would value the digital bank at $115 billion, on the heels of receiving …
Ryan Christoffel / 9to5Mac:
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  —  Apple shares update on 2025 App Store success  —  “Developers are the heartbeat of the App Store, and this year's incredible milestone …
Lauren Feiner / The Verge:
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  —  It could become the first ban of its kind in a state. … The New York State legislature passed a one-year moratorium …

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This is a Techmeme archive page. It shows how the site appeared at 7:20 PM ET, June 5, 2026.

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From Mediagazer

Gene Maddaus / Variety:
A US judge orders a temporary halt to the Paramount-WBD merger, as a 12-state coalition, led by California, argues it would violate federal antitrust law

Michael M. Grynbaum / New York Times:
Unsealed docs: the DOJ sought phone records of NYT reporters and their relatives in an extraordinary attempt to unmask sources of NYT's Air Force One coverage

MJ Franklin / New York Times:
How publishers are cashing in on surging public interest in The Odyssey through splashy reissues; Circana BookScan says sales of The Odyssey rose by 76% YoY

More News

Natasha Korecki / NBC News:
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

Earlier Picks

Wired:
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
Isabelle Lee / Bloomberg:
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
Mark Tyson / Tom's Hardware:
Cloudflare CEO Matthew Prince says agentic traffic is “growing so fast that bots have now passed human traffic online for the first time”
Nivedita Balu / Reuters:
Canada unveils “AI for all”, its AI strategy that it says will help create 250,000 jobs by 2031, with a CA$500M tech fund for investing in homegrown AI startups
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