SpaceX-xAI’s record $75 billion IPO on June 12 marks the moment AI infrastructure financing moved from venture capital to public markets, with $30 billion in compute deals and a $1.77 trillion valuation setting the benchmark.
Category: Tech
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EU orders Meta to restore WhatsApp access for rival AI chatbots
The European Commission on June 9 issued interim measures ordering Meta to reinstate third-party AI assistants to the WhatsApp Business API within five days, citing antitrust concerns over fees deemed economically unsustainable for competitors.
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OpenAI files confidential S-1 with the SEC as the AI IPO race intensifies
OpenAI submitted a draft S-1 registration statement to US regulators on June 8 at an $852 billion valuation, joining a historic cluster of AI companies moving toward public markets.
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Apple powers Siri AI with Google Gemini as Tim Cook names his September successor
Apple unveiled a rebuilt Siri AI using Google’s Gemini model at WWDC 2026, while CEO Tim Cook announced John Ternus as his successor effective September 1.
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UK watchdog launches Strategic Market Status probe into Microsoft’s Office and Copilot bundle
The UK Competition and Markets Authority opened the first Strategic Market Status investigation under the DMCC Act 2024 on 14 May 2026, examining whether Microsoft’s bundling of Teams, Windows, and Copilot suppresses competition.
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FTC opens antitrust probe into Arm as chip designer turns competitor
The US Federal Trade Commission has launched an antitrust investigation into Arm Holdings, questioning whether the chip architect is restricting rivals’ access to processor blueprints after launching its own data-centre chip in March 2026.
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Alphabet sells $80 billion in stock for AI infrastructure as Berkshire bets $10 billion
Alphabet launched an $80 billion equity raise on June 1 to fund AI infrastructure, with Warren Buffett’s Berkshire Hathaway committing $10 billion in what became an oversubscribed offering.
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Florida sues OpenAI and Sam Altman in first state lawsuit over AI safety
Florida Attorney General James Uthmeier filed an 83-page complaint against OpenAI and CEO Sam Altman on June 1, alleging ChatGPT aided mass shooters, encouraged suicide, and addicted minors.
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Colorado guts its AI law weeks before it was due to take effect
Colorado revised its AI Act on May 14, stripping risk-management mandates and delaying enforcement to January 2027, replacing them with a narrower notice-and-transparency model.
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Microsoft launches seven MAI models at Build 2026, targeting OpenAI dependence and developer costs
Microsoft unveiled seven proprietary MAI models at its Build 2026 conference, including a reasoning model that matched Claude Opus 4.6 on coding benchmarks and reportedly outperformed GPT-5.5 at one-tenth the cost.