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Looking for Opportunities in AI

At a Bloomberg Money event in New York on June 2, Kevin Gordon, head of macro research at the Schwab Center for Financial Research, and Ann Berry, founder of Threadneedle Ventures, shared their insights on investing in artificial intelligence. They emphasized the potential for significant returns in this rapidly evolving sector.

Lila Sciences Said in Talks for Funds at $8.5 Billion Valuation

Lila Sciences Inc., an artificial intelligence research startup based in Cambridge, Massachusetts, is currently in discussions to secure approximately $2 billion in funding, which would bring its valuation to around $8.5 billion. This Series B financing is primarily backed by prominent investors, including the California Public Employees’ Retirement System and Nvidia Corp.’s NVentures.

What Can Nvidia Do to Get Investors Excited Again?

Nvidia Corp. is facing challenges in maintaining investor excitement despite its impressive profit growth, which remains the envy of the chip industry. This year, the company's share price has significantly trailed behind other semiconductor makers as investors turn their attention to lesser-known beneficiaries of the ongoing artificial intelligence boom.

Instagram is alerting users who were targeted by hackers during AI chatbot attacks

A recent hacking campaign has exploited Meta's AI chatbot to take control of Instagram accounts, with hackers simply requesting account access. Despite Meta's claims of resolving the issue, users continue to report hacks, prompting the company to secure affected accounts and notify victims of suspicious activity. The ease of these attacks raises concerns about Meta's security measures and the effectiveness of its AI support systems.

Amazon’s search bar will invent AI-generated products you can’t buy

Amazon has updated its search bar to include AI-generated images of clothing and home goods based on user descriptions. This feature aims to assist users who struggle to recall specific product names or styles, enhancing the shopping experience. While it may be useful for complex searches, it adds little for simpler queries like 'blue t-shirt.'

Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry, report finds

A new report from the Committee for a Responsible Federal Budget warns that the Social Security trust fund could be depleted by 2032, resulting in an average monthly benefit cut of $500 for retirees. This 24% reduction would impact approximately 63 million beneficiaries, with some states facing even steeper cuts, highlighting the urgent need for congressional action to prevent insolvency.

Amazon will show AI product images when you search for some reason

Amazon has announced a controversial new feature that displays AI-generated images of products in its shopping app based on user search queries. This move is intended to assist customers who may not know the exact terms to use when searching for items, but it raises significant concerns about misleading shoppers with images of non-existent products. Critics argue that this approach is baffling, especially given that Amazon has a wealth of real product images available on its platform.

OpenAI CEO Sam Altman to meet with lawmakers, Trump officials in DC

OpenAI CEO Sam Altman is set to meet with lawmakers and Trump administration officials in Washington, D.C., following President Trump's recent executive order on artificial intelligence. Altman will engage with key congressional leaders, including House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries, to discuss the implications of the order, which aims to enhance government oversight of AI technologies.

Still facing copyright lawsuits, AI music generator Suno raises another $400M

Suno, the AI music generation company, has successfully raised $400 million in a Series D funding round, bringing its valuation to $5.4 billion. This significant increase comes amid ongoing copyright lawsuits from major music labels, including Universal Music Group and Sony, who allege that Suno has used thousands of their copyrighted songs for AI training. Despite these legal challenges, Suno continues to thrive, with users generating over 7 million songs daily, showcasing strong demand for its platform.

Microsoft and OpenAI broke up — now they’re ready to fight

At the Microsoft Build conference, the company revealed its new direction in AI following its split from OpenAI, showcasing initiatives like the MAI-Thinking-1 reasoning model and a super app called Copilot. CEO Satya Nadella and AI chief Mustafa Suleyman highlighted their ambition to establish Microsoft as a leading AI player by developing proprietary models and tools, including a cybersecurity solution that integrates multiple AI agents.

Meta is trying to sell AI agents to businesses in latest effort to diversify away from ads

Meta has unveiled the Meta Business Agent, an AI tool designed for businesses to enhance customer interaction across platforms like WhatsApp, Messenger, and Instagram. This initiative is part of Meta's broader strategy to diversify its revenue streams beyond its traditional reliance on advertising, which currently accounts for about 98% of its income. CEO Mark Zuckerberg emphasized that this AI tool aims to provide businesses of all sizes with a personalized customer experience, positioning Meta to compete in the rapidly evolving AI market.

Perplexity announces hybrid AI system that decides what runs locally or in the cloud

Perplexity has introduced a hybrid AI system that intelligently determines whether tasks are processed locally on a user's computer or in the cloud. This orchestrator, designed to enhance accuracy, privacy, and energy efficiency, will be integrated into the Always-on agent product starting in July. Sensitive data, such as financial and health information, will remain local, while more demanding tasks will utilize cloud resources.

The Dow's win streak, Macy's earnings, Trump signs AI order and more in Morning Squawk

Stock futures are mixed as the S&P 500 and Dow Jones Industrial Average both reached record highs, with the S&P closing above 7,600 for the first time. Notable stock movements included Hewlett Packard Enterprise, which saw a 19% surge, and Marvell, which rose 32% after positive comments from Nvidia's CEO. Additionally, Macy's reported its strongest first-quarter sales in four years, leading to an optimistic full-year forecast.

OpenAI public policy agenda

OpenAI has launched its public policy agenda, emphasizing the need for artificial general intelligence (AGI) to benefit all of humanity. The agenda is guided by five core principles aimed at democratizing AI access, empowering individuals, and ensuring universal prosperity while addressing safety and resilience in the face of emerging risks. OpenAI is committed to collaborating with governments and civil society to create effective policies that mitigate risks and expand opportunities in the AI landscape.

A blueprint for democratic governance of frontier AI

On June 3, 2026, the U.S. unveiled a blueprint aimed at establishing a robust federal framework for the governance of advanced AI systems. This strategy includes leveraging state laws on frontier AI safety, enhancing the role of CAISI as the federal authority, and creating a comprehensive resilience plan to tackle national security and public safety challenges posed by these technologies. The initiative builds on recent state-level efforts, such as California’s SB 53 and New York’s RAISE Act, alongside a new executive order from the White House.

New Fed Chair Kevin Warsh faces 'doom loop' of debt and inflation. What's going on in the bond market?

Kevin Warsh, recently appointed as Federal Reserve Chair, is confronting a precarious economic landscape characterized by rising inflation and escalating government debt. With the 10-year Treasury yield surpassing 4.4% amid ongoing geopolitical tensions, Warsh's ability to lower interest rates may be severely restricted, complicating efforts to manage the nation's fiscal health.

Ultrahuman says recent security breach didn’t affect passwords or credit cards

Ultrahuman recently reported a security breach that occurred on March 27, 2026, affecting its internal analytics system. The company assured users that no passwords, credit card information, or payment data were compromised, and there is no evidence of misuse. However, account details, contact information, and transaction history were accessed, prompting Ultrahuman to enhance its security measures and warn users about potential phishing attempts.

He paid off his sister's $24K debt. Now his dad wants him to hand over his $100K inheritance too

Jason, who recently lost multiple family members, is under pressure from his father to give up his $100,000 inheritance to support his sister, despite her already receiving the same amount. Jason had previously paid off her $24,000 debt, raising concerns about whether further financial assistance is truly beneficial for her.

Coralogix raises $200M on bet that someone needs to watch the AI agents

Coralogix has raised $200 million in a Series F funding round, betting on the growing need for monitoring tools as AI agents become more prevalent in software development. This latest investment, which brings the company's total funding to $550 million and values it at $1.6 billion, comes just 11 months after a previous $115 million round. The startup aims to enhance its AI-focused products and expand globally as it continues to grow its customer base and revenue significantly.

Russia's Sberbank offers AI model to Global South states keen to bridge digital divide

Sberbank is actively marketing its 'sovereign AI' models to countries in the Global South, addressing concerns over privacy and content in Western AI systems. The bank's First Deputy CEO, Alexander Vedyakhin, highlighted the growing demand from emerging nations looking to leverage AI technology despite infrastructure challenges, emphasizing that these models will align more closely with local values and needs.

AI music startup Suno doubles its valuation to $5.4 billion while fighting major record labels in court

AI music startup Suno has achieved a valuation of $5.4 billion after raising $400 million, marking a significant increase from its previous valuation of $2.7 billion just seven months ago. Co-founder and CEO Mikey Shulman indicated that the funds will be used for product development, growth, and hiring, as the company aims to expand its workforce by nearly 70 percent. However, Suno is also embroiled in legal disputes with major record labels, including Universal Music Group and Sony Music, which allege copyright infringement related to the training of its AI models.

Nous Research releases Hermes Desktop, an open-source AI agent for every platform

Nous Research has unveiled Hermes Desktop, an open-source AI agent application available for public preview on Windows, macOS, and Linux. This versatile app operates across various platforms, including Telegram, Discord, and Slack, and features persistent memory for managing projects and tasks in natural language.

Apple Vision Pro gains a free, native app that takes you on an immersive private flight

Apple Vision Pro has launched a new free app called 'Let’s Go Fly!' developed by Cirrus Aircraft, allowing users to experience an immersive private flight from their homes. The app features a seven-minute demonstration flight in a Cirrus SR22T aircraft, complete with ultra-high-resolution 3D video and Spatial Audio, enhancing the virtual experience. Additionally, users can explore full-scale 3D models of Cirrus aircraft, making it a powerful tool for both entertainment and sales demonstrations.

These Android phones support AirDrop sharing with iPhone and Mac

Google has successfully integrated AirDrop functionality into Android's Quick Share feature, allowing select Android devices to share files with iPhones, iPads, and MacBooks. Launched in November 2025 with the Pixel 10 series, this feature has since expanded to include devices like the Pixel 9 and various Samsung models, making cross-platform sharing more accessible and efficient.