US probes Moonshot as Trump weighs curbs on Chinese AI models
What's new: 179 startups and firms including Microsoft and Meta pushed back, warning restrictions could raise AI costs and lock in US incumbents.
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US probes Moonshot as Trump weighs curbs on Chinese AI models
What's new: 179 startups and firms including Microsoft and Meta pushed back, warning limits could raise AI costs and entrench incumbents.
Florida teen drops Meta suit days before social media trial
What's next: The Los Angeles court still has hundreds of youth-harm cases pending, with another bellwether trial set for October.
Bloomberg, The Hill
Meta weighs up to $10 billion Anthropic compute lease
What's new: The proposed two-year deal would let Anthropic pay monthly for spare capacity, with both sides able to exit early.
Alphabet drops 4% as Gemini 3.5 Pro slips months behind schedule
What's new: Bloomberg reported Google's flagship AI model missed internal coding targets as OpenAI and Meta roll out newer rivals.
US hit most Brazilian goods with 25% tariffs starting July 22
What's next: A separate US forced-labor probe could add another 12.5% duty on Brazilian imports as soon as next week.
Bloomberg, The New York Times +4
Meta pulls Instagram AI image tool days after privacy backlash
What's new: The feature let users generate images from public Instagram accounts by default, prompting objections over consent and digital replicas.
BBC News (World), The Straits Times
Meta drops Instagram AI image tool after privacy backlash
What's new: Users had been opted in by default, letting public Instagram content be used to generate altered images without permission.
Meta launches Muse Image AI tool for ads, Instagram and WhatsApp
What's new: The model is free up to a usage limit, then shifts creators and power users to Meta's monthly subscriptions.
CNBC, Antara News +1
Qualcomm jumps 15% after lifting 2029 revenue target to $40 billion
What's new: Meta plans to use Qualcomm's Dragonfly C1000 data-center CPU when production starts in 2028.
Polda Jabar teams with Meta to hunt Bandung kidnapping suspect
Police formed cyber, general crimes and narcotics teams after investigators suspected the case may involve other offenses.
Antara News, CNN Indonesia +1
YouTube settles teen addiction suit ahead of July California trial
What's next: Meta, TikTok and Snap still face a July 27 trial in Los Angeles over claims their platforms harmed minors.
US presses Meta to submit AI models for security reviews
What's new: Meta is the only major US AI developer without a voluntary review deal as Washington expands national-security checks.
The New York Times, The Straits Times
Meta replaces WhatsApp chief with Cred founder Kunal Shah
What's new: Meta is also investing $900 million in Cred, valuing the Indian fintech company at $4.5 billion post-money.
Meta halts employee tracking tool after internal data exposure
What's new: Internal records showed prompts, private chats, and some tax and medical data were visible across the company.
WhatsApp names Cred founder Kunal Shah to replace Will Cathcart
What's new: Meta also took a minority stake in Cred, which Shah said would not give the company access to member data.
Trump threatens 100% tariff on French wine over tech tax
Why it matters: The U.S. buys about one-fifth of French wine exports, putting roughly $2 billion in annual sales at risk ahead of the G7 summit.
Bloomberg, The Straits Times +1
42 U.S. state attorneys general probe OpenAI with subpoena
The request covers consumer and minors’ data, elderly users and concerns that chatbots could encourage criminal acts.
Antara News, ABC News
Tom Steyer exits California governor race after missing runoff
What's next: Steve Hilton and Xavier Becerra will face off in November after the June 2 primary narrowed the field to two.
Bloomberg, Fox News +1
Meta bug exposed 34,000 Instagram accounts via AI support tool
What's new: About 20,000 accounts were breached and more than 3,500 had usernames hijacked, internal documents showed.
The New York Times, The Straits Times
EU orders Meta to reopen WhatsApp to rival AI bots within 5 days
Why it matters: Brussels can fine Meta up to 10% of annual turnover if it defies the interim antitrust order.
Meta falls more than 5% on report of possible AI stock sale
What's new: Meta is weighing a share sale that could raise tens of billions, though the company said no banks have been hired and no deal is set.
Earlier: Meta falls more than 5% on report of possible AI stock saleSeries: Meta · AI Funding Stock Sale · 3 chapters since Jun 6Meta drops 5% on report it may raise billions for AI push
What's new: Meta lifted its 2026 capital spending forecast to as much as $145 billion, adding to investor worries over AI costs.
Anthropic files for IPO, setting up a major test of AI valuations
What's next: The offering could expose Anthropic's gross margins and reset pricing for private AI rivals.
Bloomberg, CNBC