China narrows the AI gap with the US to a record-low 6%
China narrows the AI gap with the US to a record-low 6%

The gap between American and Chinese AI is closing fast. Chinese models narrowed the performance shortfall to a record-low 6% in June, down from 9% in May, according to Bloomberg Intelligence. The research arm said the shift raises real questions about…

Google reveals it holds $94.1bn in SpaceX shares after the IPO
Google reveals it holds $94.1bn in SpaceX shares after the IPO

Google spent years as a low-key backer of SpaceX. This week it showed what that patience is worth. In a quarterly filing, Alphabet said its Google unit holds $94.1bn in SpaceX shares, following the rocket company’s record IPO. Google was an early inves…

White House accuses Moonshot of distilling Anthropic’s Fable to build Kimi K3
White House accuses Moonshot of distilling Anthropic’s Fable to build Kimi K3

The model that rattled Silicon Valley last week now has Washington’s attention. A senior White House official has accused China’s Moonshot AI of breaking US export controls to build Kimi K3. It reached restricted Nvidia chips, he said, and leaned on Am…

Warren accuses AI firms of using trade deals to escape oversight
Warren accuses AI firms of using trade deals to escape oversight

Senator Elizabeth Warren has accused the biggest AI companies of trying to write their own regulatory ceiling into a trade agreement, using the machinery of US trade policy to lock in limits on oversight that Congress has so far declined to grant them….

Nvidia donates a DGX GB300 to the US military’s top science school
Nvidia donates a DGX GB300 to the US military’s top science school

Jensen Huang travelled to Monterey this week to give the US Navy a machine that most defence contractors would have had to sell it. Nvidia’s founder helped commission a DGX GB300 AI supercomputer at the Naval Postgraduate School, the first system of it…

Trump reports about $1.4bn in crypto income as digital assets eclipse property
Trump reports about $1.4bn in crypto income as digital assets eclipse property

Donald Trump earned about $1.4 billion from cryptocurrency ventures in 2025, according to the annual financial disclosure his administration filed with the US Office of Government Ethics on June 30, making digital assets the single largest source of in…

Cisco’s tiny open-weight AI hunts bugs, and it says it beats Gemini and GPT
Cisco’s tiny open-weight AI hunts bugs, and it says it beats Gemini and GPT

Cisco’s new Antares models are small enough to run on your own machines. And, it claims, they beat Google’s Gemini and rival GPT-class systems at finding bugs. It is releasing them open-weight, though it is vetting who gets access. The pitch from Cisco…

Most Americans don’t want an AI data centre next door. Virginia shows why some say yes
Most Americans don’t want an AI data centre next door. Virginia shows why some say yes

Americans want the AI boom. They just do not want it on their street. A new poll finds most US residents would rather not live near an AI data centre. Yet the same buildings quietly bankroll schools where they cluster. More than half of US residents, 5…

The ex-Meta VP behind a notorious spy tool just raised $180M for AI security
The ex-Meta VP behind a notorious spy tool just raised $180M for AI security

The founder now asking enterprises to trust AI with their laptops once built one of Silicon Valley’s most notorious surveillance tools. Roi Tiger co-created Onavo, the app Meta turned into a scheme to spy on its rivals. His new company, Glow, wants to …

OpenAI adds two banking CEOs to its board as an IPO looms
OpenAI adds two banking CEOs to its board as an IPO looms

The ChatGPT maker has put two banking chiefs on both its nonprofit and for-profit boards: Nubank’s David Vélez and BNY’s Robin Vince. It is the kind of Wall Street ballast a company assembles when it is getting ready to face public investors. OpenAI is…