Chip Stocks Bounce Back as AI Rally Resumes; CMA Launches Inquiry Into Paramount-Warner Bros Deal – Business Live
OpenAI confidentially filed for a U.S. IPO, joining Anthropic in a wave of AI mega‑listings and reigniting the AI rally that lifted chip stocks. The company is valued at roughly $850 bn, while Anthropic trades at about $965 bn, underscoring massive market appetite for AI infrastructure. OpenAI’s disclosed spend of over $100 bn a year on compute aims to cement a defensive moat and eventually transition to a product‑focused business. Meanwhile, the UK pound steadied at $1.3376 as macro news remained muted, and the CMA opened an inquiry into the Paramount‑Warner Bros merger.
Most Doctors in UK Think AI Training Is Inadequate
A Philips‑sponsored Future Health Index survey finds three‑quarters of UK physicians believe their AI training is inadequate, even as they increasingly turn to personal AI tools. Those using AI report saving roughly 132 hours per year and seeing about seven...
David Sinclair Enters $101 Million XPrize with Oral Rejuvenation Drug
Harvard’s David Sinclair confirmed he will launch human trials of an oral “reprogramming” drug, code‑named SL‑100, as part of the XPrize Foundation’s $101 million health‑span competition. The prize rewards teams that can demonstrate a ten‑year improvement in immune, cognitive and muscle...
Open‑source Repo Builds ChatGPT From Scratch
🚨 THIS GUY LITERALLY OPEN-SOURCED EVERY HIDDEN STEP THAT TURNS A MODEL INTO CHATGPT If you’re tired of black-box APIs and bloated transformer imports, this open-source repo takes you from raw data to a working model. It builds a transformer from scratch...
Nue Deploys Deterministic AI in Salesforce CPQ to Deliver Quote Previews in Seconds
Nue introduced deterministic AI inside its Salesforce-native CPQ, letting reps preview three pricing options in seconds instead of the typical two‑hour manual process. The AI, built on Claude and governed by a proprietary data model, ensures repeatable, audit‑ready outputs, promising...
OpenAI Now Says "Entirely Automating Everything Is Not the Future We Want"
OpenAI has softened its 2028 roadmap, moving from a fully autonomous AI researcher to a hybrid "tandem" model where AI assists human scientists. CEO Sam Altman and chief researcher Jakub Pachocki also called for an international body that could coordinate...
Apollo, Blackstone Launch $35 Billion Private‑credit SPV for Anthropic
Apollo Global Management and Blackstone Credit completed a $35 billion special‑purpose vehicle to finance Anthropic’s acquisition of Alphabet‑built AI chips. The “Big Sky” deal, structured in three tranches and backed by Broadcom, signals a new scale of private‑credit deployment into the...
Amazon Adds AI‑Powered Custom Merch Designer to Shopping App
Amazon has rolled out an AI‑driven design feature inside its Shopping app, letting U.S. customers generate custom graphics for apparel and accessories through Alexa prompts. The free‑to‑use tool integrates directly with Amazon’s Merch on Demand service, potentially reshaping the print‑on‑demand...
Seaport Therapeutics Posts $25.4M Q1 Loss, Eyes Phase 2b BUOY‑1 Readout in H1 2027
Seaport Therapeutics announced a Q1 2026 net loss of $25.41 million, nearly double the loss a year earlier, as R&D spending surged to $21.43 million. The company also signaled that data from its Phase 2b BUOY‑1 trial are slated for the first half...
ESPN Pulls AI-Generated Moving Portraits From NBA Finals After Fan Backlash
ESPN stopped using AI‑generated moving portraits of NBA legends during the NBA Finals after viewers slammed the graphics as uncanny and unnecessary. The network said it will reassess AI use in future broadcasts, underscoring the tension between innovation and audience...
EU Proposes Chips Act 2.0 to Strengthen Semiconductor Manufacturing and Cut Tech Dependence
The European Commission has introduced a proposal for a Chips Act 2.0 within its Digital Sovereignty Package, targeting expanded semiconductor manufacturing in Europe and reduced dependence on foreign technology. The act sits alongside a new Cloud and AI Development Act...
GSK to Acquire Nuvalent in $10.6 B Deal, Bolstering Lung Cancer Pipeline
GlaxoSmithKline (GSK) agreed to buy US biotech Nuvalent for $10.6 billion in cash, paying $124 per share—a 40% premium. The acquisition adds three late‑stage lung‑cancer candidates to GSK’s oncology portfolio and is expected to be accretive to earnings by 2029.
Meta Pulls Face‑Recognition Code From Smart‑Glasses App After Leak, Sparks Privacy Debate
Meta quietly removed dormant face‑recognition code—internally called NameTag—from the Meta AI companion app used with its Ray‑Ban smart glasses. The update, released on June 5, follows a Wired exposé that the code had been embedded in an app downloaded by more...
How AI Is Outpacing Cybersecurity and What Firms Must Do Next
Artificial intelligence is dramatically accelerating the discovery and exploitation of software vulnerabilities, shrinking the gap between identification and attack to days, with the UK NCSC projecting this trend by 2027. Financial services, burdened by legacy infrastructure and fragmented governance, struggle...
Entrata Teams with OpenAI to Deploy Autonomous Property Management Platform
Entrata announced a long‑term strategic collaboration with OpenAI, giving the property‑management software provider expanded access to GPT‑5.5 and Codex. The partnership aims to embed autonomous AI agents across leasing, maintenance, payments and resident communications for the 2.5 million apartment units Entrata...
Zai Lab Reports the NMPA Approval of Tivdak (Tisotumab Vedotin) for Recurrent or Metastatic Cervical Cancer
Zai Lab’s antibody‑drug conjugate Tivdak has secured approval from China’s National Medical Products Administration for adults with recurrent or metastatic cervical cancer who have progressed after chemotherapy. The decision follows the global Phase III innovaTV 301 trial, which showed a 45 % reduction...
Deloitte and Ironclad Team Up to Deploy AI‑Driven Contract Lifecycle Platform
Deloitte Tax LLP and Ironclad have formed a strategic alliance to deliver an AI‑driven contract lifecycle management platform. The partnership blends Deloitte's legal transformation services with Ironclad's AI contracting technology, aiming to accelerate contract cycles and improve risk insight for...
Femtech Valuation Hits $66B as Cycle‑Syncing Moves From Blog to Mainstream
The femtech industry, valued at $66.2 billion in 2025, is mainstreaming menstrual‑cycle syncing for diet, productivity and sleep. While nutrition research supports phase‑specific appetite changes, evidence on cognitive performance remains inconclusive, prompting both excitement and caution among investors and users.
Gloo Posts 238% Revenue Surge in Q1 2026, Boosts AI Recruiting Platform
Gloo (GLOO) announced Q1 2026 revenue of $41.5 million, up 238% year‑over‑year and 13% above guidance, driven by rapid adoption of its AI‑powered recruiting platform. The company raised its full‑year revenue outlook to $195 million and highlighted a cash balance of $33 million,...
Sony Unveils IMX711 X‑ray CMOS Sensor, Claims Industry‑Fastest 26,100 Fps Imaging
Sony Semiconductor Solutions announced the IMX711, a direct‑conversion X‑ray CMOS image sensor that can capture up to 26,100 frames per second while maintaining a low‑noise floor of 34 e‑rms. Developed with RIKEN, the sensor targets high‑speed inspection of batteries, semiconductors and...
L&T Turns to Automation and Robotics as Construction Faces Manpower Challenges
Larsen & Toubro (L&T) is fast‑tracking automation, robotics and digital tools to overhaul its construction business as labor shortages tighten. The company’s order book has swelled to roughly ₹7.5 lakh crore (about $90 billion), up from $36‑$42 billion five years ago, while its workforce grew...
UK Commits $1.47 Billion to Build National AI Supercomputer, Cutting US Hardware Dependence
The British government announced a $1.47 billion programme to build a national AI supercomputer, allocating over $1 billion for the system and $530 million for specialist hardware. The move targets US‑made AI chips, earmarks contracts for UK startups like Olix and Fractile, and...
Nvidia and LG Group Launch AI Factory to Power Robotics and Data Centers in South Korea
Nvidia and LG Group announced a joint venture to build a dedicated AI factory in Seoul that will supply accelerated computing for robotics, autonomous driving, data‑center technologies and GPU cloud services. The partnership merges Nvidia’s full‑stack AI platform with LG’s...
Microsoft Expands Foundry Platform at Build 2026, Targeting Enterprise AI Reliability
Microsoft announced a suite of Foundry enhancements at its Build 2026 conference, adding a managed runtime for hosted agents, public‑preview toolboxes, and an open governance framework. The upgrades, slated for general availability in early July, signal a shift from pure...
Onterris Teams with Greentown Labs to Accelerate Water and Air Tech
Onterris, the North Little Rock‑based environmental technology firm, announced a partnership with Boston‑area incubator Greentown Labs to bring its water, air and soil solutions to more than 250 climate‑tech startups. The deal gives Onterris a pipeline for mentorship and commercialization,...
Apple Launches Siri AI, Overhauling Voice Assistant with On‑Device Contextual Intelligence
Apple introduced Siri AI at WWDC 2026, turning its voice assistant into a conversational chatbot that can read messages, emails and screen content while keeping data on‑device. The upgrade ships on iPhone 16 and later, arrives in English first, and...
Apple Unveils macOS 27 “Golden Gate” At WWDC, Boosting Large‑Cap Stock Outlook
Apple introduced macOS 27 “Golden Gate” at its WWDC 2026 keynote, promising up to 30% faster app launches, 80% quicker AirDrop transfers and deeper AI integration. The free upgrade, slated for an October release, is positioned as a key driver...
ROHM Launches TSC3PAK Package for SiC MOSFETs Enhancing Heat Dissipation and Reliability
ROHM has launched the TSC3PAK surface‑mount package for its fourth‑generation SiC MOSFETs, delivering heat‑dissipation performance comparable to traditional TO‑247 through‑hole packages. The design features a proprietary groove structure that provides a 6.66 mm creepage distance, enabling operation up to 1,200 V peak...
Stellantis Teams with Wayve on Hands‑free Door‑to‑door Robotaxi Rollout in London
Stellantis has confirmed a collaboration with Wayve to embed its autonomous driving stack in the upcoming Uber robotaxi service in London. The partnership, announced alongside Wayve’s summer launch, targets a small fleet of hands‑free vehicles that could expand to more...
ITS America 2026: Flow Labs Launch Aims to Connect AI Agents
Flow Labs unveiled FlowMCP at ITS America 2026, an open‑standard interface that lets transportation agencies link their own AI agents to the company’s traffic‑management platform. The Model Context Protocol‑based solution provides real‑time and historical signal performance, safety, and travel‑time data...
Zepp Health Q1 2026 Revenue Jumps 33.8% to $51.5M, Gross Margin Improves
Zepp Health Corp. posted unaudited Q1 2026 results showing revenue of $51.5 million, up 33.8% year‑over‑year, and a gross margin of 37.7%. The company highlighted inventory reductions, a stable cash position and a global partnership with HYROX as it pushes a...
Buried Growth Process Controls Diamond Qubit Arrays
Researchers at Kanazawa University and Diamond and Carbon Applications have unveiled a buried‑growth method using microwave plasma chemical vapor deposition to embed nitrogen‑vacancy (NV) centers in diamond with precise spatial placement and crystallographic orientation. The technique combines nitrogen‑radical selective etching...
Scientists Use Inactive Virus to Safe-Deliver Spasticity-Reversing Spinal Genes
A preclinical study used an inactive AAV9 vector to deliver GAD65 and VGAT genes directly into the spinal cord of rats with chronic injury‑induced spasticity. The single subpial injection restored GABAergic inhibition, leading to progressive reductions in muscle stiffness and...
OpenAI Expands ChatGPT Memory to Persistent User Profiles, Sparking Privacy Debate
OpenAI has rolled out a memory upgrade that lets ChatGPT build a lasting profile from a user's entire chat history, explicit instructions and inferred preferences. The change, described in the company's recent blog post, has triggered alarm among privacy advocates...
Stretchable Carbon‑Nanotube Metasurfaces Enable Tunable Terahertz Beam Steering
A team led by Prof. Yan Zhang at Capital Normal University has built stretchable single‑walled carbon‑nanotube (SWCNT) metasurfaces that can dynamically tune terahertz wavefronts. By stretching a silicone‑based device, the researchers shifted focal length by up to 40% and altered...
Walmart Sets June 22 Sale Start, Pre‑empting Amazon Prime Day
Walmart revealed that its summer sales event will kick off at midnight ET on June 22 for Walmart+ members, a full 27 hours before Amazon's Prime Day begins on June 23. The early‑access move is designed to drive Walmart+ sign‑ups...
Moody's Warns PQC Spending May Rival AI as Google, Cloudflare Shift to 2029
Moody's Investors Service warned that post‑quantum cryptography (PQC) spending could soon rival AI budgets, citing Google and Cloudflare's decision to move their migration target to 2029. The rating agency says delayed PQC adoption could become a credit risk, with potential...
HelloFresh Draws Fire for Suggestive Pride Month Post, Users Cancel Subscriptions
HelloFresh faced a social‑media firestorm after an Instagram Pride Month post linked high‑fiber meals to “prepping” for anal sex, offering the discount code BOTTOMSUP. The crude joke prompted backlash from LGBTQ+ advocates, conservative commentators and customers, leading some to cancel...
What Compliance Functions Should You Automate First?
Compliance teams still relying on spreadsheets and manual tracking risk regulator censure, as the Justice Department now expects real‑time data access, testing capability, and monitoring. Automating core functions—sanction screening, third‑party monitoring, transaction testing, hotline analytics, policy certifications, and training metrics—closes...
Zepto Files $1.1 B IPO, Faces Regulator Scrutiny as Quick‑commerce War Heats Up
Zepto, the Y Combinator‑backed quick‑commerce platform, filed a revised prospectus for a Rs 9,500 crore ($1.1 bn) IPO, aiming to raise up to Rs 8,010 crore ($965 m) in fresh capital. The filing also disclosed Enforcement Directorate summons to its founders, adding regulatory risk as the company...
NASA Announces Artemis III Crew, Sets Stage for 2027 Lunar Lander Test
NASA unveiled the four‑astronaut crew for Artemis III, a 2027 mission that will test commercial human lunar landers in low‑Earth orbit. The crew will practice Orion docking with SpaceX and Blue Origin landers, a key step toward returning humans to the...
Mazda Advances Development of Onboard CO2 Capture System
Mazda Motor Corporation demonstrated its onboard carbon‑capture system during the Super Taikyu Series 2026, capturing CO₂ while the car was in motion. The Mazda Spirit Racing 3 Future Concept, powered by hydrotreated vegetable oil, integrated a zeolite adsorbent, exhaust‑heat desorption, and...
Thoma Bravo to Take Kneat Private in $480 Million Deal
Thoma Bravo announced a definitive agreement to acquire Kneat, the compliance‑focused SaaS company, for roughly C$650 million ($480 million). The cash‑per‑share offer of C$6.50 represents a 40% premium to the pre‑review price and a 20% premium to the price just before the...
OpenAI Files Confidential S‑1, Signaling IPO Move for AI‑as‑a‑Service Leader
OpenAI, the creator of ChatGPT, has submitted a confidential S‑1 registration statement to the SEC, indicating a possible initial public offering. The filing gives the company flexibility to go public sooner if market conditions favor it, while it remains private...
IRobot Co‑Founder Colin Angle Launches Familiar Machines to Build AI‑Driven Companion Robot Pets
Colin Angle, co‑founder of iRobot, announced the formation of Familiar Machines & Magic and unveiled its first product, the Familiar robot—a four‑legged, emotionally aware AI companion designed for home use. The launch signals a pivot in consumer robotics from task‑oriented...
Mashreq, Neovision and Red Lions Launch Private‑Markets Platform for GCC Wealth Clients
Mashreq Bank has joined forces with ADGM‑authorized fund manager Neovision Wealth Management and technology firm Red Lions Capital to roll out a Digital Investment Platform that gives high‑net‑worth and family‑office clients institutional‑quality access to private‑markets assets, including pre‑IPO opportunities, across...
Live Coverage: NASA to Unveil Artemis 3 Crew, Provide Updates on Mission
NASA will unveil the four astronauts slated for Artemis 3 and their backup crew on March 31, alongside a confidence update on the mission’s schedule. The low‑Earth‑orbit flight will see Orion rendezvous with either Blue Origin’s Blue Moon Mk 2 or SpaceX’s Starship lunar...
Trump Administration Withholds Payments to Legal Aid Groups Over Demand for Migrant Children Data
The Trump administration has stopped paying legal aid providers for representing unaccompanied migrant children and is demanding detailed case data, prompting privacy alarms and a standoff over attorney‑client privilege. Advocates warn the move could jeopardize children’s safety and undermine legal...
FDA Expands Hympavzi to Children 6+, Boosting Hemophilia Care
The FDA has broadened approval of Pfizer's Hympavzi (marstacimab-hncq) to include all patients aged six and older with hemophilia A or B, with or without inhibitors. The once‑weekly subcutaneous treatment showed a 92% drop in annualized bleeding rates in trials,...
Premium Catalogues and Gen Z Collectors: 5 B2B Takeaways From the 2026 French Home Video Market
The 2026 French home video market—covering physical discs, premium VOD, and electronic sell‑through—is undergoing strategic recalibration as post‑pandemic demand shifts. The blog identifies five B2B takeaways, highlighting the resurgence of premium catalogues and the rise of Gen Z collectors who value...