The AI governance debate is expected to take centre stage at the G7 summit in Évian-les-Bains this week, with the US administration arriving with an explicit agenda to promote American AI technology and standards globally. The White House has framed G7 AI discussions around several core objectives: establishing US aligned principles for AI safety and governance, promoting the adoption of American-built AI tools among allied nations, and reducing dependency on Chinese AI infra

Micron Technology has delivered one of the most extraordinary stock performances of any large cap company in modern market history, with its shares rising roughly 703% over the past 12 months through June 2026, according to data compiled by NerdWallet. The surge reflects the semiconductor industry's virtually insatiable demand for memory chips that can support the data throughput and storage requirements of AI training and inference workloads, a market in which Micron has eme

Anthropic has confidentially filed paperwork for a public listing with the US Securities and Exchange Commission, positioning itself to potentially beat longtime rival OpenAI to the public markets as early as this fall. The filing came weeks after Anthropic closed a $65 billion Series H funding round that valued the company at approximately $965 billion post money, surpassing OpenAI's most recent private valuation of $852 billion to make Anthropic, for the first time, the mos

Shares of Advanced Micro Devices jumped this week after Citigroup upgraded the stock to a "buy" rating, arguing that the market has not yet fully priced in the company's upside from the ongoing boom in AI chip demand. Citi analysts pointed to accelerating orders for AMD's data-center GPUs and growing interest from cloud providers looking to diversify their AI hardware supply chains beyond Nvidia, suggesting AMD's earnings trajectory over the next several quarters could surpri

Apple used its Worldwide Developers Conference this month to unveil its biggest expansion of Apple Intelligence since the platform launched in 2024, headlined by a completely rebuilt version of Siri called Siri AI. The new assistant is designed to understand personal context, search across a user's emails, messages, and photos, answer questions using live web information, and carry out multi-step actions across apps, a significant leap from the more limited voice-command Siri

NVIDIA is pitching a new central processor called "Vera" to Chinese technology clients, according to a Reuters report, in a move that highlights the increasingly delicate balancing act chipmakers face between US export restrictions and the world's second-largest semiconductor market. Vera is designed as a CPU component that pairs with Nvidia's AI-focused GPUs, and reports suggest the chips could potentially reach Chinese customers as early as August, depending on how export l

Prometheus, the industrial AI startup co-led by Amazon founder Jeff Bezos, announced this week that it has raised $12 billion in a new funding round at a valuation of $41 billion, bringing its total funding to more than $18 billion in just over a year. Investors in the round include JPMorgan Chase, Goldman Sachs, BlackRock, DST Global, and Arch Venture Partners, alongside Bezos himself, who was also the largest backer of the company's initial $6.2 billion raise when it launch