Sources: the ECB temporarily barred Revolut from releasing new products in the European Economic Area last summer until the company had rectified "deficiencies" (Financial Times)

Techmeme

Sixteen economists on what AI will mean for the US economy, workers, and workplaces: AI will boost productivity in the near term, but only two expect more jobs (Wall Street Journal)

Techmeme

An expert panel with Daron Acemoglu, Dean Ball, Ethan Mollick, and Clara Shih discusses AI's impact on jobs and how to prepare for the future of work (New York Times)

Techmeme

Walmart outlined a future where AI will change how people work, not necessarily how many work, at its annual Associates Week, as it accelerates AI adoption (Gregory Meyer/Financial Times)

Techmeme

Microsoft's June 2026 Patch Tuesday fixes a record ~200 Windows security flaws, nearly three dozen of them critical, amid growing use of AI to find bugs (Brian Krebs/Krebs on Security)

Techmeme

The crackdown on online scam centers in Cambodia is leading some gangs to relocate to Sri Lanka, where authorities say they have arrested 1,000+ people in 2026 (Bloomberg)

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Chinese investors are using tokenized stocks bought with stablecoins like USDT to bypass Beijing's capital controls and mimic bets on hot US IPOs like SpaceX (Financial Times)

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ASML's stock is up 64% YTD, but trails the broader US chip sector as the industry focuses spending on processes outside of lithography like advanced packaging (Bloomberg)

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Sources: OpenAI is in advanced talks to lease a proposed 10GW data center campus in Ohio as part of a deal that could include financial backing from Nvidia (Anissa Gardizy/The Information)

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Nintendo's shares fell as much as 8.2% Wednesday morning in Tokyo after its 2026 Game Showcase came up short on new titles from major franchises such as Mario (Takashi Mochizuki/Bloomberg)

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Meta partners with Reliance to lease its first AI data center in India, with 168 MW capacity; separately, Meta says it has contracted ~1GW of renewable energy (Meta Newsroom)

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Sources: Trump administration officials have told CAISI to halt publication of its model assessments while an EO President Trump signed last week is implemented (Amrith Ramkumar/Wall Street Journal)

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The EU warns that AI-boosted chemical synthesis is helping European drug gangs develop new "designer" drug precursors that evade existing product blacklists (Michael Peel/Financial Times)

Techmeme

Edge Markets, which provides banking tools for gambling and prediction markets, including real-time payments on Kalshi, raised a $29.2M Series A led by CoinFund (Davis Giangiulio/CNBC)

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Sources: SoftBank's talks with creditors to raise $6B through a margin loan backed by its OpenAI stake have stalled, weeks after it cut its target from $10B (Bloomberg)

Techmeme

Stepful, an AI-powered online training platform for healthcare workers, raised a $55M Series C led by Oak HC/FT, bringing its total funding to $105M (Heather Landi/Fierce Healthcare)

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Seattle City Council votes 9-0 to enact a one-year moratorium on new large data centers and study their impact; Mayor Katie Wilson is expected to sign the bill (Greg Kim/The Seattle Times)

Techmeme

CoreWeave founders have sold $2.3B in stock since the company's lockup period expired in August after a March 2025 IPO, reducing their combined holdings by ~25% (Ella Feldman/Bloomberg)

Techmeme

ServiceNow says attackers exploited a flaw, patched on June 5, that let unauthenticated users query data from customer instances, but gives few other details (Lawrence Abrams/BleepingComputer)

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Sources: SpaceX aims to launch orbital AI computing tests by late 2027 and has requested permission from regulators to launch up to 1M data-center satellites (Akash Sriram/Reuters)

Techmeme

Super Micro Computer aims to raise $7B in a series of equity and equity-linked financing transactions to fund its component purchases to satisfy AI orders (Harshita Mary Varghese/Reuters)