• As wealth managers confront an AI reckoning, the tech is, for now, easing their workloads by picking up routine tasks, freeing up more time to advise clients (Bloomberg)
• KPMG survey: only 26% of companies have a comprehensive view of their AI costs, while 50% have some visibility and 22% have none or only see costs after billing (Wall Street Journal)
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• Q&A with Google DeepMind's Director of AGI Economics Alex Imas and Epoch AI's Phil Trammell on what remains scarce after AGI, redistributing AI wealth, and more (Dwarkesh Patel/Dwarkesh Podcast)
• ASML CEO Christophe Fouquet applauds the EU's tech sovereignty plans but says substantial EU involvement in steering "strategic projects" is a cause for concern (Toby Sterling/Reuters)
• Industry data: India's six largest IT companies grew combined revenue from $95.9B in FY23 to $103.1B in FY26, while headcount remained broadly steady at ~1.9M (Tanya Pandey/The Economic Times)
• French carriers Bouygues Telecom, Orange, and Free-iliad sign an MOU with Altice France to acquire SFR for €20.35B, including debt, expected to close in H2 2027 (Reuters)
• OpenAI plans to overhaul ChatGPT in the coming weeks, turning it into a superapp with coding tools and AI agents to serve as a gateway to higher-margin products (Cristina Criddle/Financial Times)
• How LinkedIn is transforming into a "post-cringe" social network as it courts high-profile influencers, who are building audiences on corporate-friendly topics (Isabella Kwai/New York Times)
• Report: in May, supply of unsecured bonds from hyperscalers hit $155B YTD, 45%+ more than 2025's total issuance; some AI-infra bond sales are 4x oversubscribed (Caleb Mutua/Bloomberg)
• Several UK police forces have been told to stop using AI to prepare court statements, citing concerns that inaccurate outputs could contaminate legal procedures (Robert Wright/Financial Times)
• White House AI advisor Sriram Krishnan says he will leave his role at the end of June; sources: Krishnan plans to start a pro-Trump AI policy institution (Leo Schwartz/The Information)
• Raspberry Pi closed up 27%+ on June 5 after saying it expects adjusted EBITDA of at least $38M in H1, putting it on track to beat $42M est. for the full year (Financial Times)
• FOIA docs reveal Amazon's extensive control over delivery drivers it insists are not employees, in a case the NLRB sought to settle on terms favorable to Amazon (Josh Eidelson/Bloomberg)
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