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Anthropic is shutting down its Fable project. The move could benefit open-source AI development. However, many of the AI models currently gaining traction are Chinese.
Databricks' annualized revenue reached $6.9 billion, with sales growth exceeding 80%. The company's profit margins, however, are shrinking as costs from AI agents assisting with data analysis increase significantly. The surge in AI agent activity is raising operational expenses, offsetting revenue gains.
SpaceX is set to acquire Cursor, an AI coding startup. The acquisition aims to strengthen the company's competitiveness against Anthropic and OpenAI, which also offer popular coding tools. This move expands SpaceX's presence in the AI-powered development tools market.
Qualcomm CEO Cristiano Amon expressed strong optimism about the future of smart glasses, stating they could eventually match the scale of the smartphone market. The comment was made in a discussion with CNBC. No specific product announcements or timelines were provided.
Nvidia is preparing a debt sale, its first such capital raise since 2021, when the company was a fraction of its current size. The specific amount to be raised was not disclosed in the brief content.
Anthropic was issued an export control directive ordering the company to suspend access to its latest AI models by any foreign national. The directive was received on June 15, 2026, and targets the company's most advanced models. The action imposes immediate restrictions on foreign nationals' use of these AI systems, potentially affecting research, deployment, and international collaborations.