Techmeme: KPMG survey: only 26% of companies have a comprehensive view of their AI costs, while 50% have some visibility and 22% have none or only see costs after billing (Wall Street Journal)

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OpenAI plans to overhaul ChatGPT in the coming weeks, turning it into a superapp with coding tools and AI agents to serve as a gateway to higher-margin products — $850bn start-up to recast hit chatbot as a route to higher-margin products before a potential IPO.

More: Gizmodo, Fortune, Benzinga, Engadget, Reuters, Spyglass, TechCrunch, WinCentral, iPhone in Canada, Digital Trends, and Reuters

X: @jimpethokoukis. Bluesky: @edzitron.com. Mastodon: @ianbetteridge@social …

Mark Gurman / Bloomberg:

Inside the early 2025 senior exec meeting where Apple admitted its AI failures; Tim Cook became intimately involved in Apple's AI roadmap around the same time — Also: What to expect at WWDC 2026. — A top secret meeting finally got Apple to take its AI crisis seriously.

More: Appleosophy, ZDNET, CNET, iPhone in Canada, PhoneArena, Livemint, AppleInsider, AppleInsider, The Indian Express, Apple Must, AppleInsider, Gizmodo, The Deep View, heise online, MarketWatch, Trusted Reviews, and The National

X: @markgurman, @markgurman, @markgurman, and @markgurman. Forums: r/apple

Wall Street Journal:

KPMG survey: only 26% of companies have a comprehensive view of their AI costs, while 50% have some visibility and 22% have none or only see costs after billing — Only 26% of companies say they have a comprehensive view of their AI costs, according to a new survey

X: @eglyman. LinkedIn: Ritesh Patel. Bluesky: @oisinmcgann and @edzitron.com

Bloomberg:

As wealth managers confront an AI reckoning, the tech is, for now, easing their workloads by picking up routine tasks, freeing up more time to advise clients — Wealth managers, who can make upwards of $500,000, are confronting a chatbot reckoning. — Down the Wealth Walkway on South Beach …

X: @business, @isabelletanlee, and @wealthwatch

LinkedIn: Suzanne Woolley and Guy Lalonde CIM CAIA. Forums: r/finance

Dwarkesh Patel / Dwarkesh Podcast:

Q&A with Google DeepMind's Director of AGI Economics Alex Imas and Epoch AI's Phil Trammell on what remains scarce after AGI, redistributing AI wealth, and more — “One robot now turns into many robots next year, but the number of ballerinas is the same.” — Economics of AGI episode w Alex Imas and Phil Trammell.

More: Dwarkesh Patel on YouTube. X: @dwarkesh_sp, @alexolegimas, @dwarkesh_sp, and @pawtrammell

Leo Schwartz / The Information:

White House AI advisor Sriram Krishnan says he will leave his role at the end of June; sources: Krishnan plans to start a pro-Trump AI policy institution — Sriram Krishnan, a top AI policy advisor in the Trump administration, plans to leave his position at the end of June …

Hassan Mujtaba / Wccftech:

Memory chip vendors say CXMT's DDR5 prices match Samsung, SK Hynix, and Micron, and it has a supply advantage in client markets as it is not prioritizing HBM — CXMT's DDR5 memory is apparently not as cheap to procure as reports claim, falling in the same range as DRAM from other manufacturers.

More: The Business Times. X: @wccftech, @gavbon86, and @gringosuavex. LinkedIn: Theodore Aggelopoulos. Forums: r/Amd_Intel_Nvidia

Caleb Mutua / Bloomberg:

Report: in May, supply of unsecured bonds from hyperscalers hit $155B YTD, 45%+ more than 2025's total issuance; some AI-infra bond sales are 4x oversubscribed — Credit heavyweights like DoubleLine Capital LP and Oaktree Capital Management are buying debt now that can perform …

More: Fortune

Reuters:

French carriers Bouygues Telecom, Orange, and Free-iliad sign an MOU with Altice France to acquire SFR for €20.35B, including debt, expected to close in H2 2027 — Bouygues Telecom (BOUY.PA), Orange (ORAN.PA) and Free-iliad Group said on Saturday they have signed a memorandum …

More: Telecompaper, Wall Street Journal, Hürriyet Daily News, Bloomberg, Financial Times, and Tech in Asia

Tanya Pandey / The Economic Times:

Industry data: India's six largest IT companies grew combined revenue from $95.9B in FY23 to $103.1B in FY26, while headcount remained broadly steady at ~1.9M — India's top IT companies are achieving revenue growth with stable employee numbers. This trend highlights a shift towards automation and improved productivity.

X: @ettech

Isabella Kwai / New York Times:

How LinkedIn is transforming into a “post-cringe” social network as it courts high-profile influencers, who are building audiences on corporate-friendly topics — Celebrities and paid influencers have transformed the career-focused platform, which for some users, has become a job unto itself.

More: The Verge. X: @bellakwai. Bluesky: @durumcrustulum.com

See also Mediagazer

Toby Sterling / Reuters:

ASML CEO Christophe Fouquet applauds the EU's tech sovereignty plans but says substantial EU involvement in steering “strategic projects” is a cause for concern — The CEO of top European tech firm ASML (ASML.AS) on Friday welcomed most proposals made by the EU Commission this week …

More: European Commission. LinkedIn: Ursula von der Leyen and Christophe Fouquet

Robert Wright / Financial Times:

Several UK police forces have been told to stop using AI to prepare court statements, citing concerns that inaccurate outputs could contaminate legal procedures — Safeguards must be in place before forces automate justice tasks, says head of Police.AI — A number of UK police forces …

Forums: Hacker News and r/unitedkingdom

Financial Times:

Raspberry Pi closed up 27%+ on June 5 after saying it expects adjusted EBITDA of at least $38M in H1, putting it on track to beat $42M est. for the full year — UK maker of tiny low-cost computers expects ‘robust demand’ to push unit sales above 4mn in first half

More: Reuters, The Independent, The Register, and BBC

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