OpenAI Proposes Giving the US Government a 5% Stake
OpenAI has proposed handing the US government a roughly 5% stake, worth about $43 billion, to seed a public wealth fund and ease mounting political pressure in Washington.
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OpenAI has proposed handing the US government a roughly 5% stake, worth about $43 billion, to seed a public wealth fund and ease mounting political pressure in Washington.
A new study of 22,000 US firms found that the heaviest AI spenders grew headcount faster than peers, including entry-level roles, complicating fears of an AI jobs apocalypse.
Crypto exchange OKX has launched OKX AI, a marketplace allowing AI agents to hire one another, settle payments autonomously using stablecoins, and build on-chain reputations.
As Washington limits Anthropic’s and OpenAI’s top models on security grounds, critics warn the restrictions are handing momentum to Chinese open-weight rivals like GLM-5.2.
Microsoft is heading for its worst month since 2008 as investors worry that its heavy AI spending may not pay off and that AI could erode demand for its core software.
South Korea announced about $880 billion in planned investment to expand chipmaking, AI data centers and robotics, aiming to double memory output and revive regions outside Seoul.
Meta plans to replace more than 90% of its content review workforce with AI by the end of 2026, placing the majority of its ads and content moderation under the control of large language models.
Anthropic is hiring across Australia and Japan to expand its AI data center capacity in Asia-Pacific, as soaring demand for Claude strains its infrastructure.
Web3 gaming unicorn Immutable cut 29 roles and gutted its in-house game studios to focus on Audience, an AI marketing platform for the broader games industry.
ByteDance’s record offshore loan would nearly double its 2024 facility and help fund capital spending that could reach $70 billion this year on AI data centers.
A new Anthropic privacy policy taking effect July 8 lets the company ask some flagged Claude users to upload government IDs and submit biometric selfies.
Kazakhstan’s Data Center Valley would deploy 100,000 Nvidia GPUs near cheap power by 2027, though analysts flag execution risk after a history of stalled deals
Tech firms have cut close to 150,000 jobs in 2026 while citing AI, even as AI-driven IPOs mint vast new fortunes, sharpening questions about who benefits.
SK Hynix, Nvidia’s largest memory partner and the HBM market leader, awaits SEC clearance for an ADR listing as its stock trades at a persistent Korea discount
SpaceX is pitching investors on a vertically integrated AI strategy spanning chips, data centers and even compute satellites in orbit, bankrolled by Starlink’s profits.