• Filing: Google has agreed to pay SpaceX $920M a month for access to Nvidia chips as part of a cloud-services deal that runs through mid-2029 (Lynn Doan/Bloomberg)
• Sources: Revolut is looking to run a secondary share sale that would value it at $115B, after receiving a UK bank license and applying for a charter in the US (Bloomberg)
• President Trump says he is weighing proposals for the US government to partner with major AI companies, and will soon discuss the idea with their executives (Bloomberg)
• Sources: Meta explores a stock offering to raise tens of billions to fund AI capital expenditures, following Google's record $85B share deal; META drops 5%+ (Financial Times)
• Sources say xAI used Claude models for distillation and training, including using personal accounts and the intermediary service Blackbox AI after being cut off (Grace Kay/The Information)
• The largest US banks plan to launch a tokenized deposit network in 2027 to connect traditional payment rails with the infrastructure that digital assets run on (Wall Street Journal)
• Over 20 EU news publishers file a claim seeking €640M+ from Google following an EU decision that lets anyone harmed by Google's ad market abuse seek damages (Charlotte Tobitt/Press Gazette)
• The NY State legislature passes a one-year moratorium on new large data centers, the first statewide ban of its kind if Governor Kathy Hochul signs it into law (Lauren Feiner/The Verge)
• Filing: Reid Hoffman, who has served on Microsoft's board since 2017, will not stand for re-election at the company's 2026 annual meeting (Todd Bishop/GeekWire)
• Sources: SpaceX prepares the largest retail allocation ever attempted in a megacap IPO, seeking to reserve as much as 25% of its $75B float for retail investors (Financial Times)
• In an internal message, Satya Nadella rebuked an internal memo that said Microsoft needs to "make people addicted" to its new AI agent product called Scout (Aaron Holmes/The Information)
• Allen Control Systems, which makes AI-powered gun turrets for shooting down drones, raised a $200M Series B led by Smash Capital at a $2.2B post-money valuation (Dan Primack/Axios)
• Blackstone-backed data center operator AirTrunk commits to investing $30B in India by 2030, with plans to develop 5GW of new data center capacity in the country (Jagmeet Singh/TechCrunch)
• What to expect at WWDC 2026: an overhauled Siri, a Siri app, a slew of new AI capabilities, OS updates focused on reliability and responsiveness, and more (Mark Gurman/Bloomberg)
• Sources: US officials discussed the US taking stakes in major AI companies after Sam Altman pitched the idea in 2025; Altman met Bernie Sanders on Wednesday (Wall Street Journal)
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