Meta shares rose 8.8% on reports the company plans to sell spare GPU capacity and hosted AI models under a Meta Compute brand, sending CoreWeave and Nebius shares sharply lower.
Category: Tech
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OpenAI proposes a 5% US government equity stake worth $42.6 billion
OpenAI CEO Sam Altman has proposed giving the US government a 5% equity stake worth roughly $42.6 billion as part of a new AI sovereign wealth fund, the FT reported.
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Ireland opens its EU Presidency with the AI Act omnibus fix as its most urgent digital task
Ireland’s six-month EU Council Presidency begins on 1 July 2026 with finalization of the Digital Omnibus — amendments to the EU AI Act that would defer high-risk compliance from August 2026 to December 2027.
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EU AI Act’s GPAI penalty powers take effect August 2 — what changes in 33 days
On August 2 the EU AI Act activates penalty enforcement powers over AI model providers — up to €15m or 3% of global turnover — alongside new chatbot transparency rules and revised high-risk system deadlines.
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OpenAI and Broadcom unveil Jalapeño, the first custom AI inference chip from an AI lab
OpenAI and Broadcom have unveiled Jalapeño, OpenAI’s first custom AI inference chip, designed to cut inference costs and reduce dependence on Nvidia GPUs.
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OpenAI restricts GPT-5.6 rollout after Trump administration request
OpenAI launched its GPT-5.6 model family on June 26 in a restricted preview, gated to approved partners at the Trump administration’s direct request.
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Anthropic says Alibaba used 25,000 fake accounts to run 28.8 million Mythos queries for Qwen training
Anthropic disclosed that operators linked to Alibaba’s Qwen lab ran 28.8 million interactions through 25,000 fraudulent accounts over 45 days, harvesting its Mythos model’s outputs to train rival AI systems.
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Qualcomm closes $3.9 billion Modular deal and advances Tenstorrent talks in $14 billion AI chip push
Qualcomm confirmed the $3.9 billion acquisition of AI software startup Modular on 24 June while continuing talks to buy chip designer Tenstorrent for up to $10 billion.
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Reflection AI takes $6.3bn SpaceX compute deal as AI infrastructure concentrates
Reflection AI will pay SpaceX $150 million a month for Nvidia GPU access at Colossus 2, in a contract worth up to $6.3 billion through 2029.
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Forty-two state attorneys general subpoena OpenAI days after its IPO filing
A coalition of 42 states subpoenaed OpenAI just four days after its IPO filing, targeting ChatGPT’s health data practices, treatment of minors, and a design flaw called model sycophancy.