Techmeme: 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 (Bloomberg)

Top News

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

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

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 …

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: @edzitron.com

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

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

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: 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

Sponsor Posts

Soxton:

Fast, affordable law for startups — Soxton automates startup legal so founders can move faster and sleep better. We handle incorporation, advisor, employment and commercial contracts. Join the waitlist for early access!

F5:

Accelerate AI Adoption at F5's AI Virtual Summit — Learn how to architect, secure, and scale AI for production with real-world insights from industry leaders on June 23. Register now to save your spot.

Zoho:

Website Traffic Analytics: How to Read Your Data and Take Action — Traffic is up. Sessions look healthy. The dashboard is full of green arrows and yet — conversions are flat, revenue targets are slipping, and the leads coming through aren't closing.

IDrive:

Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Sponsor Techmeme

Featured Podcasts

Lenny's Podcast:

Father of the iPod and iPhone on building taste, judgment, and creativity in the AI era | Tony Fadell

Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.

Subscribe to Lenny's Podcast.

Big Technology Podcast:

Will Apple (Finally) Get AI Right At WWDC?, Anthropic's Worry, Microsoft vs. OpenAI

The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.

Subscribe to Big Technology Podcast.

Hard Fork:

Hot I.P.O Summer + What Is A.I. Doing to Math? + HatGPT

The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.

Subscribe to Hard Fork.

The Upstarts Podcast:

Vanta's Christina Cacioppo: The Underdog Turning 'Nonsense' Compliance Into A $4.2B Security Standout

Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.

Subscribe to The Upstarts Podcast.

Great Chat:

Who are the billboards for?

A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.

Subscribe to Great Chat.

Tools and Weapons with Brad Smith:

AI's Mythos Moment: Rishi Sunak on preparing governments for AI

Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.

Subscribe to Tools and Weapons with Brad Smith.

Add your podcast here

About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:10 PM ET, June 7, 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.