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June 5, 2026, 11:00 PM
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Top News

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 …
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 …
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  —  OpenAI CEO Sam Altman and the White House are in ongoing talks about a possible government stake in the artificial intelligence company, CNBC confirmed on Friday.
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
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
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 …
Akash Girimath / Decrypt:
Privacy token Zcash plunges after the disclosure of a 2022 vulnerability in its Orchard shielded pool that could have allowed undetectable ZEC counterfeiting  —  Zcash plunged double digits overnight after developers disclosed a critical vulnerability in the protocol's Orchard shielded pool …
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 …
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.
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.
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
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 …
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
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

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:00 PM ET, June 5, 2026.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Ted Johnson / Deadline:
Memo: Lesley Stahl, Bill Whitaker, and Jon Wertheim say they will stay at 60 Minutes as they don't want to see it die and are “working to build trust with Nick”

Jody Godoy / Reuters:
Sources: a group of US states is preparing a lawsuit against Paramount's WBD acquisition; California's AG has said his office would make a decision soon

Nicole Sperling / New York Times:
A profile of Netflix's film division chair Dan Lin, who's greenlit 88 films since 2024, shifting strategy toward budget discipline and in-house development

More News

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
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

Earlier Picks

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
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
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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