First Google, now Meta? Big Tech may increasingly sell stock to bankroll $820 billion AI boom.
Big Tech companies like Google and Meta are considering selling stock to fund the massive growth in AI, projected to be worth $820 billion.
Saturday, June 6, 2026
The five stories you need to know, written for humans who value their time.
Get the BriefBig Tech companies like Google and Meta are considering selling stock to fund the massive growth in AI, projected to be worth $820 billion.
A new universal coronavirus vaccine, designed using artificial intelligence, has successfully completed its first human trial, showing promising results.
The Senate has successfully passed a significant immigration bill aimed at reforming current policies, while First Lady Jill Biden has shared insights about President Biden's upcoming 2024 campaign.
A new universal coronavirus vaccine, designed using artificial intelligence, has successfully completed its first human trial, showing promising results in safety and efficacy.
A popular speaker model has been found to have vulnerabilities that allow it to be hacked remotely, potentially leading to the infection of connected devices.
Senators introduced a push for $400 million in FY2027 funding to keep NASA's Mars Sample Return mission on track.
White House Chief of Staff met with Anthropic's CEO to discuss the implications of the Mythos AI model on national security.
Congress passed a short-term extension of Section 702 of FISA through April 30 after long-term renewal efforts collapsed.
President Trump signed an executive order to accelerate federal review and trials of psychedelics like ibogaine for severe mental illness.
Charles Schwab rolled out direct Bitcoin and Ethereum trading while ETF inflows surged, highlighting growing institutional interest amid DeFi weakness.
Fed left short-term interest rates unchanged at 3.50-3.75%, flagged only one rate cut expected in 2026, and Powell said he'll stay on until successor confirmed.
Spot crypto ETFs-particularly Bitcoin and Ethereum-saw massive inflows over the past week, the strongest since early this year. BlackRock's IBIT led the way.
The Czech prime minister said his country will provide a passive (non-emitting) surveillance radar system to help secure shipping through the blocked Strait of Hormuz.
An Israeli quadcopter strike in Gaza killed a 12-year-old boy and two others, including clearly marked UNICEF aid workers in a water truck, intensifying global concern over civilian safety in the conflict.
Ceasefire negotiations between the U.S. and Iran in Pakistan ended without agreement, casting doubt on stability of the truce set to expire April 22.
After 21 hours of marathon negotiations in Islamabad on April 11-12, the U.S. and Iran left without a peace deal, leaving the fragile ceasefire, due April 22, on shaky ground.
Economists estimate China's GDP growth in Q1 rebounded to 4.8% year-over-year, though risks from higher oil prices and the Middle East conflict threaten the outlook.
ASML raised its full-year 2026 revenue outlook after a wave of new orders from chipmakers pushing AI production.
Meta announced it will expand its agreement with Broadcom to build custom AI processors, aimed at supporting its growing AI infrastructure.
Intel will buy back Apollo's 49 percent equity stake in its Fab 34 semiconductor facility in Ireland for $14.2 billion, unwinding its financing deal from 2024.
Reports say Meta will lay off about 10% of its workforce-roughly 8,000 people-in a first tranche of reductions tied to its push into AI efficiency.
Cybersecurity is now a two-sided AI arms race: attackers use AI to probe and breach faster, defenders fight back with AI-powered detection.
Epic Games announced layoffs of over 1,000 employees-roughly 23% of its staff-as Fortnite engagement dropped.
Meta has already cut about 700 staffers across Reality Labs, recruiting, social media and other areas to redirect spending into AI.