• A profile of Sarah Polcz, the UC Davis law professor that Bernie Sanders' team consulted while developing his AI sovereign wealth fund proposal (Eli Rosenberg/The Information)
• Analysis: Anthropic may have talked itself into an export ban, as its 2026 official statements and posts used AI risk-related terms 8x more often than OpenAI (Clara Murray/Financial Times)
• PitchBook: defense tech companies making drones, battlefield AI, and more have raised $12.3B across 175 deals YTD, up from a $9.95B total from 158 deals in 2025 (Financial Times)
• Tencent starts testing the new Xiaowei AI assistant powered by WeLM and DeepSeek models in its WeChat app in China, in an effort to catch up in the AI race (Luz Ding/Bloomberg)
• Source: Morgan Stanley is pitching data center developers to use leveraged loans rather than bonds, and estimates ~$15B will be issued this year in such loans (Dakin Campbell/The Information)
• WiseTech's shares fell 11% after Australian police probed co-founder Richard White over sex exploitation claims; WiseTech shares are down ~67% in the past year (Sydney Morning Herald)
• Sources: ByteDance shares are trading at a $600B+ valuation in gray markets; an IPO is unlikely and its growth continues to benefit its Chinese and US backers (Henny Sender/Nikkei Asia)
• China adds ten US companies, including MP Materials and Teal Drones, to export controls and bars government purchases from 46 US companies, including Anduril (Wataru Suzuki/Nikkei Asia)
• Shenzhen-listed Apple supplier Lingyi iTech seeks to raise $1.1B in a June 26 Hong Kong debut, as the electronic parts maker expands into AI hardware and robots (Iris Deng/South China Morning Post)
• Samsung rolls out ChatGPT Enterprise and Codex to all staff in Korea and DX division staff globally; OpenAI says it's one of its largest enterprise deployments (Kim Su-jeong/CHOSUNBIZ)
• Japan's top five chip equipment makers posted their first-ever fall in combined China sales, down 10% in the year ended March 31, as China boosts local players (Nikkei Asia)
• Sources: Shanghai-based Coowa, which develops embodied AI robots, plans to file a Hong Kong IPO; Coowa was valued at $3B after raising $600M in its latest round (Jiahui Huang/Wall Street Journal)
• San Diego-based Aether AI, which is building "causal world models" to teach robots cause and effect instead of pattern-matching, raised a $20M seed led by MPCi (Cristian Dina/The Next Web)
• Toto, Japan's largest toilet maker, plans to invest $495M by 2030 to expand its semiconductor materials unit, targeting R&D for next-gen 1nm chip production (Nikkei Asia)
• As Europe falls behind the US and China in consumer AI, its engineering companies and AI startups are turning to industrial AI applications to boost efficiency (Marilen Martin/Bloomberg)
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