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European Commission fines 3 firms €47M under AI Act

The EU's AI Act moved from policy to practice with its first major fines, totaling €47 million against non-compliant firms. Meanwhile, a staggering $500 billion strategic partnership between NVIDIA and SK Group highlighted the immense investments still pouring into the AI hardware supply chain.

OpenAI, Google, Anthropic, xAI, Meta drive AI price war to $4

A wave of new, powerful AI models from major labs has triggered a fierce price war, drastically lowering the cost of advanced intelligence. Meanwhile, a surge in venture capital for robotics and a global push for regulation signal a market rapidly moving from experimentation to industrial scale.

OpenAI, xAI, Meta cut AI model prices by 80%

A fierce price war erupted as major labs launched powerful new AI models at a fraction of legacy costs. Meanwhile, tech giants signaled their long-term commitment with plans for a staggering $725 billion in infrastructure spending for 2026.

OpenAI launches GPT-5.6, xAI releases Grok 4.5 models

OpenAI's public release of its GPT-5.6 model family marks a significant acceleration in the AI arms race, with new agentic and voice capabilities set to drive adoption. Meanwhile, the staggering scale of infrastructure investment faces growing challenges, as a new report reveals nearly 90% of firms deploying AI agents have suffered security breaches.

SpaceX IPO raises $75B, valued at $1.77T

SpaceX shattered every IPO record this week, but the real story was capital flooding into AI from every direction — Bezos betting $12 billion on physical-world intelligence, Apple finally reinventing Siri, and Washington trying to write the rules before the money moves too fast. The line between tech company and infrastructure play has all but disappeared.

SpaceX files for Nasdaq IPO at $2T valuation by mid-June

Google I/O launched an always-on personal agent, an OpenAI model solved an 80-year-old math problem, and SpaceX filed the largest IPO in history — all in the same week. Trump pulled a planned AI executive order at the last minute, calling it "a blocker."

Anthropic forms $1.5B finance JV, faces Pentagon ban

Anthropic stormed Wall Street with a $1.5 billion joint venture and ten ready-made financial agents, while the Pentagon signed AI deals with eight tech giants and pointedly left Anthropic off the list. The week crystallised a strange new reality: one company can simultaneously be the most wanted partner on Wall Street and the most unwanted in Washington.