Sources say Alibaba, Tencent, Baidu, and other Chinese companies are testing domestic alternatives as they deal with a dwindling stockpile of Nvidia processors (Financial Times)

Financial Times:
Sources say Alibaba, Tencent, Baidu, and other Chinese companies are testing domestic alternatives as they deal with a dwindling stockpile of Nvidia processors  —  Tougher US export restrictions on advanced chips give added urgency to testing of domestic alternatives

At Foxconn's shareholder conference, Chair Young Liu says 2025 revenue is set to reach ~$234B due to AI, and reassures shareholders amid US tariff uncertainty (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal:
At Foxconn's shareholder conference, Chair Young Liu says 2025 revenue is set to reach ~$234B due to AI, and reassures shareholders amid US tariff uncertainty  —  The company has been diversifying its businesses, growing its footprint in areas like AI servers and electric vehicles

Inside Las Vegas' Bitcoin Conference: Eric and Donald Trump Jr gave speeches, JD Vance said bitcoin is "only going to help the American dollar", and more (Alex Rogers/Financial Times)

Alex Rogers / Financial Times:
Inside Las Vegas' Bitcoin Conference: Eric and Donald Trump Jr gave speeches, JD Vance said bitcoin is “only going to help the American dollar”, and more  —  The US president is a crypto booster — and the faithful went to America's gambling capital to celebrate

Nvidia CEO Jensen Huang says Chinese AI rivals are filling the void left by US companies leaving China and Huawei has become "quite formidable" (Bloomberg)

Bloomberg:
Nvidia CEO Jensen Huang says Chinese AI rivals are filling the void left by US companies leaving China and Huawei has become “quite formidable”  —  Nvidia Corp. Chief Executive Officer Jensen Huang said that Chinese AI rivals are filling the void left by the departure of US companies …

Sources: the Trump administration suspends sales of more US tech, including chips and jet engines, in response to China's critical mineral export restrictions (Ana Swanson/New York Times)

Ana Swanson / New York Times:
Sources: the Trump administration suspends sales of more US tech, including chips and jet engines, in response to China's critical mineral export restrictions  —  President Trump has stopped some critical products and technologies made only in the United States from flowing to China …

Filing: GameStop acquires 4,710 bitcoin for its corporate treasury, but does not disclose the total purchase amount, after announcing a bitcoin plan in March (Naga Avan-Nomayo/The Block)

Naga Avan-Nomayo / The Block:
Filing: GameStop acquires 4,710 bitcoin for its corporate treasury, but does not disclose the total purchase amount, after announcing a bitcoin plan in March  —  - The video game retailer announced a 4,710 bitcoin purchase on May 28.  — GameStop previously announced plans to adopt Bitcoin …

ASML's stock is down ~25% in the past year from a record ~€1,000 in July 2024, cutting $130B+ from its market cap, amid China export rules and US tariffs (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC:
ASML's stock is down ~25% in the past year from a record ~€1,000 in July 2024, cutting $130B+ from its market cap, amid China export rules and US tariffs  —  More than $130 billion of value has been wiped off of ASML in under a year amid restrictions on exports to China and U.S. tariff uncertainty

Memo: Match Group CEO Spencer Rascoff, set to become Tinder CEO in July, lays out a new vision for the app, including speeding up product changes and using AI (Chip Cutter/Wall Street Journal)

Chip Cutter / Wall Street Journal:
Memo: Match Group CEO Spencer Rascoff, set to become Tinder CEO in July, lays out a new vision for the app, including speeding up product changes and using AI  —  Spencer Rascoff is rethinking Match Group's biggest app as younger online daters grow tired of swiping

Getty Images CEO Craig Peters says Getty is spending "millions and millions" on its Stability AI lawsuit in the UK and the US, accusing it of copying 12M images (Ryan Browne/CNBC)

Ryan Browne / CNBC:
Getty Images CEO Craig Peters says Getty is spending “millions and millions” on its Stability AI lawsuit in the UK and the US, accusing it of copying 12M images  —  Peters told CNBC in an interview that both Stability AI — the U.K.-based startup best known for its text …

The European Commission says it is investigating Pornhub, Stripchat, XNXX, and XVideos for potential child safety DSA violations "as a matter of priority" (Edith Hancock/Wall Street Journal)

Edith Hancock / Wall Street Journal:
The European Commission says it is investigating Pornhub, Stripchat, XNXX, and XVideos for potential child safety DSA violations “as a matter of priority”  —  New rules compel large online platforms to do more to protect users from harmful illegal content

The Browser Company says it is pivoting away from its Arc browser to build AI-native browser Dia, citing Arc's complexity and limited mass-market appeal (Keeping Tabs by The Browser Company)

Keeping Tabs by The Browser Company:
The Browser Company says it is pivoting away from its Arc browser to build AI-native browser Dia, citing Arc's complexity and limited mass-market appeal  —  On Arc, its future, and the arrival of AI browsers — a moment to answer the largest questions you've asked us this past year.  —  The Browser Company

Sources: Tim Cook declined a WH invitation to join Jensen Huang and others on Trump's Middle East trip, during which Trump criticized Cook and praised Huang (Tripp Mickle/New York Times)

Tripp Mickle / New York Times:
Sources: Tim Cook declined a WH invitation to join Jensen Huang and others on Trump's Middle East trip, during which Trump criticized Cook and praised Huang  —  Apple's chief executive has gone from winning President Trump's praise to drawing his ire, deepening the company's woes in a very bad year.

At its Build conference, Microsoft sought to show its key role in the AI industry, with Sam Altman, Elon Musk, and Jensen Huang making virtual appearances (Rafe Uddin/Financial Times)

Rafe Uddin / Financial Times:
At its Build conference, Microsoft sought to show its key role in the AI industry, with Sam Altman, Elon Musk, and Jensen Huang making virtual appearances  —  Sam Altman, Elon Musk and Jensen Huang's appearances at Build event reflect software giant's grip on AI industry

London-based Converge, which uses sensors and AI to optimize the use of concrete in construction projects, raised a $22M Series A led by Dutch bank ABN Amro (Katie Fehrenbacher/Axios)

Katie Fehrenbacher / Axios:
London-based Converge, which uses sensors and AI to optimize the use of concrete in construction projects, raised a $22M Series A led by Dutch bank ABN Amro  —  Converge, a concrete sensor and AI startup, has closed $22 million in the second tranche of a Series A round, the company tells Axios.

Sarvam AI's 24B-parameter LLM for Indian languages Sarvam-M receives only 334 downloads in two days on Hugging Face, raising concerns about AI efforts in India (Mohit Pandey/Analytics India Magazine)

Mohit Pandey / Analytics India Magazine:
Sarvam AI's 24B-parameter LLM for Indian languages Sarvam-M receives only 334 downloads in two days on Hugging Face, raising concerns about AI efforts in India  —  Much of Sarvam's criticism comes from comparing it to OpenAI or DeepSeek, while the problem the company is trying to solve is fundamentally different.