President Trump ordered strikes against Iran after a US Army helicopter was downed, immediately triggering retaliatory attacks and sending global markets lower.
President Trump launched strikes against Iran, blaming Tehran for the downing of a US Army helicopter near the Strait of Hormuz, which prompted retaliatory strikes from Iran targeting Kuwait, Bahrain, and Jordan and imperiling a shaky ceasefire. The Guardian, New York Times
Asian stock markets fell and oil prices rose following the exchange of fire between the US and Iran, with investors also awaiting US May inflation data later today. The Guardian, Reuters
Ukrainian drones struck a Sevastopol museum and key Russian oil refineries, continuing a multiday campaign that has caused a rail worker's death, closed the Chongar road bridge, and led to a fuel crisis. Al Jazeera
The Trump family reportedly received approximately $500 million from a crypto venture, Alt5 Sigma, though investors in the company have seen their shares plummet by 93%. CNBC
US Politics & Elections
Primary election results show Trump's continued influence on the GOP, while Democrats rally around a controversial Senate nominee in Maine.
Republican Steve Hilton, a former UK political operative endorsed by Donald Trump, advanced in California's governor's race and will face Democrat Xavier Becerra in the November general election. The Guardian, CNBC
Graham Platner won the Democratic primary for Senate in Maine, setting up a high-stakes race against Republican incumbent Susan Collins, despite recent scrutiny over his personal history. Al Jazeera, New York Times, Politico
The Supreme Court is considering overturning a Mississippi law that allows mail-in ballots to be counted after Election Day, a decision that could impact states like Alaska where weather often causes delays. NPR
Congress passed funding for ICE and Border Patrol through the remainder of President Trump's second term, solidifying immigration enforcement resources. NPR
AI Tech & Market Volatility
$10Starlink monthly hardware fee
Tech stocks, especially AI-linked names, experienced another significant slide as investors grapple with high valuations and the looming SpaceX IPO.
Tech stocks, particularly those in the AI sector, experienced another significant slide, with investors retreating from high-flying names amid concerns over valuations and the impending SpaceX IPO. Investor's Business Daily, Business Insider, MarketWatch
Anthropic released Fable 5, a new version of its advanced Mythos AI model, to the public, though it continues to restrict its use in sensitive areas due to cybersecurity concerns. The Guardian, New York Times, BBC
Meta was ordered by the European Commission to restore free WhatsApp access for rival AI chatbots, an interim measure taken to prevent "serious and irreparable damage to competition" in the AI assistant market. The Verge
Apple's shares slid after its highly anticipated Siri AI reveal at WWDC, with the new features facing an indefinite delay in Europe due to a regulatory dispute. CNBC, New York Times
SpaceX aims to launch orbital AI computing tests by the end of next year and has begun charging a $10 monthly hardware fee for Starlink, alongside a $5-$10 increase in service prices. Reuters, Ars Technica
AI Infrastructure & Business Strategy
Cities are moving to ban new AI data centers, while major companies like GM and Meta unveil new strategies to power the AI boom.
Seattle enacted a year-long moratorium on new data center construction, becoming the largest US city to implement such a ban amid growing concerns over the energy and resource consumption of AI infrastructure. The Guardian
General Motors announced plans to develop new sodium-ion battery chemistry for energy storage and its AI data center business, aiming to offset AI's energy demands with vehicle-to-grid technology. CNBC, The New York Times, The Verge
Meta signed its first AI data center deal in India with Reliance, establishing a 168-megawatt facility to support its global AI computing needs, with potential for future expansion. TechCrunch
The White House is negotiating with Capitol Hill to secure federal preemption of some state AI regulations, offering technology policies related to child safety and deepfake protections in exchange. The Hill
Quick Shots
🇨🇳 Cybersecurity firm CrowdStrike reports that China-based entities were responsible for over half of state-sponsored cyberattacks on tech firms targeting AI assets. CNBC
✈️ An Air Canada pilot is accused of flying for 17 years without a proper license, allegedly commanding over 900 flights. Al Jazeera
🎭 Spencer Pratt, the former reality TV star, saw his "patently absurd" bid for Los Angeles mayor fall flat despite using AI-generated campaign ads. The Guardian
🇬🇧 Nigel Farage says Reform UK has contacted X "to the highest level" over fake AI ads featuring him and the Bank of England governor, which the Bank has urged people to report. BBC
🤖 Microsoft AI CEO Mustafa Suleyman criticized Anthropic for speculating about Claude's consciousness, calling it "really, really dangerous" and potentially leading the chatbot to act as if it's conscious. The Verge