Techmeme
June 6, 2026, 1:20 AM

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 …
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
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
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 …
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 …
Ami Yamada / Nikkei Asia:
Kepple: seed-stage startup funding in Japan fell 42% YoY in 2025 to a 10-year low of $124M, as the Tokyo Stock Exchange moves to reduce small listings  —  TOKYO — Funding in Japan for the earliest-stage startups tumbled 42% last year to a 10-year low of 19.9 billion yen ($124 million) …
More: VCWire
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.

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More News

Wall Street Journal:
Lauren Feiner / The Verge:
Financial Times:
Aaron Holmes / The Information:

Earlier Picks

Mark Gurman / Bloomberg:
James Gallagher / BBC:
Ryan Christoffel / 9to5Mac:
Nivedita Balu / Reuters: