Mississippi residents are suing Elon Musk’s xAI and SpaceX over the “pervasive and inescapable” noise from their data center and accompanying power plant in a Memphis, Tenn.-area community. Three individuals who live near the plant in Southaven, a city just south of Memphis across the Mississippi-Tennessee border, filed a class-action lawsuit Monday against Musk’s companies,…

Mississippi residents are suing Elon Musk’s xAI and SpaceX over the “pervasive and inescapable” noise from their data center and accompanying power plant in a Memphis, Tenn.-area community. Three individuals who live near the plant in Southaven, a city just south of Memphis across the Mississippi-Tennessee border, filed a class-action lawsuit Monday against Musk’s companies,…

Kalshi plans to require users in certain markets to share information about their employers in its latest push to crack down on insider trading. The prediction market announced Tuesday that it has created a system to score markets based on the risk of insider trading and manipulation. Those with certain scores will require employment verification.…

Kalshi plans to require users in certain markets to share information about their employers in its latest push to crack down on insider trading. The prediction market announced Tuesday that it has created a system to score markets based on the risk of insider trading and manipulation. Those with certain scores will require employment verification.…

A new Reuters/Ipsos poll found that more than half of respondents fear that they or someone in their household will lose their job because of artificial intelligence (AI). Fifty-three percent of the 4,531 respondents to the survey, conducted from June 3 through 8, were concerned that AI would have that effect, while 37 percent of…

A new Reuters/Ipsos poll found that more than half of respondents fear that they or someone in their household will lose their job because of artificial intelligence (AI). Fifty-three percent of the 4,531 respondents to the survey, conducted from June 3 through 8, were concerned that AI would have that effect, while 37 percent of…

The Trump administration proposed new rules Wednesday for regulating prediction markets, seeking to clarify what types of events can be listed for trading on the platforms. The Commodity Futures Trading Commission’s (CFTC) proposal aims to specify what events the agency considers to be “contrary to the public interest” and would not be eligible for listing…

The Trump administration proposed new rules Wednesday for regulating prediction markets, seeking to clarify what types of events can be listed for trading on the platforms. The Commodity Futures Trading Commission’s (CFTC) proposal aims to specify what events the agency considers to be “contrary to the public interest” and would not be eligible for listing…

Microsoft co-founder Bill Gates on Wednesday told the House Oversight Committee that he has “never victimized anyone” and never had an indication that Jeffrey Epstein engaged in criminal conduct. Gates, in prepared opening remarks for his voluntary interview as part of the committee’s investigation into the late sex offender, painted a picture of Epstein as…

Microsoft co-founder Bill Gates on Wednesday told the House Oversight Committee that he has “never victimized anyone” and never had an indication that Jeffrey Epstein engaged in criminal conduct. Gates, in prepared opening remarks for his voluntary interview as part of the committee’s investigation into the late sex offender, painted a picture of Epstein as…

Pulte or no Pulte, renewal of Section 702 will be an uphill battle unless Republican leaders allow votes on genuine reform. 

Pulte or no Pulte, renewal of Section 702 will be an uphill battle unless Republican leaders allow votes on genuine reform. 

Computing power has become the lifeblood — and a key limiting factor — of the race to develop AI, as the push to integrate the technology into daily life clashes with the finite supply of one of its most crucial inputs. Often referred to simply as “compute,” the processing power that forms the foundation of…

Computing power has become the lifeblood — and a key limiting factor — of the race to develop AI, as the push to integrate the technology into daily life clashes with the finite supply of one of its most crucial inputs. Often referred to simply as “compute,” the processing power that forms the foundation of…

Apple Peiqing Ni targeted by account portraying her as promiscuous drug addict after posting about Tiananmen Square

A high-profile Chinese activist in the UK who was inundated with deepfake posts on X portraying her as a sexually promiscuous drug addict was told that the abuse did not breach the rules of Elon Musk’s platform.

Apple Peiqing Ni, the 27-year-old founder of the UK-based China Dissent Network, had been advised by UK police to complain to the US-headquartered platform after she was targeted by what she believes is a pro-regime bot.

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© Photograph: Sarah Lee/The Guardian

© Photograph: Sarah Lee/The Guardian

© Photograph: Sarah Lee/The Guardian

Amazon and Sony among firms that may have sourced coltan, used in phones, from supply chains controlled by the M23 rebels, says Global Witness

Leading global brands including Amazon, Ericsson and Sony are “likely” to have sourced minerals linked to a militia accused of widespread sexual violence, summary executions and torture, a new investigation claims.

The companies allegedly, but unknowingly, acquired coltan smuggled from mines in the Democratic Republic of the Congo (DRC) that are occupied by the M23 militia, which has committed myriad atrocities in eastern DRC.

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© Photograph: Camille Laffont/AFP/Getty Images

© Photograph: Camille Laffont/AFP/Getty Images

© Photograph: Camille Laffont/AFP/Getty Images

Home city of Amazon and Microsoft passes moratorium as backlash against energy-guzzling AI infrastructure grows

Seattle has passed a year-long moratorium on the construction of new datacenters. The city council voted unanimously in favor of the temporary ban on Tuesday.

A major tech hub whose metro area is home to Amazon and Microsoft, Seattle is the largest US city to have passed such a moratorium as the backlash against AI infrastructure grows across the country.

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© Photograph: Elaine Thompson/AP

© Photograph: Elaine Thompson/AP

© Photograph: Elaine Thompson/AP

OpenAI confirmed Monday it has confidentially filed an IPO with U.S. regulators, joining rival Anthropic as the AI sector moves toward public markets. No timeline, share count, or pricing was announced.

The company said the move preserves the option for an earlier listing, while some decisions are easier to handle as a private firm.

Reuters reported OpenAI is targeting a valuation near $1 trillion for a debut possible as early as September. Anthropic filed for a U.S. IPO on June 1 after a $65 billion funding round valued it at $965 billion.

SpaceX is also pursuing a $75 billion offering at a $1.75 trillion valuation. Analysts say the simultaneous push by three major AI companies toward public markets is the most significant development of its kind for technology investors in a decade.

$2 billion monthly revenue signals rapid growth beyond ChatGPT

In March, OpenAI raised $122 billion from SoftBank, Amazon, and Nvidia at a valuation of $840 billion to $852 billion. ChatGPT had exceeded 900 million weekly active users and 50 million paying subscribers.

Monthly revenue stood at $2 billion, up from roughly $1 billion per quarter at the end of 2024, growing nearly four times faster than Alphabet and Meta at comparable stages. Internal projections put the company’s break-even point no earlier than 2030.

JUST IN: OpenAI confidentially files for IPO. pic.twitter.com/sAORVBWEy1

— Whale Insider (@WhaleInsider) June 8, 2026

Beyond ChatGPT, OpenAI launched tools for government, healthcare, and finance, a web browser, consumer hardware plans, and an AI coding agent. It added a lower-cost $8 subscription tier and advertising as new revenue sources.

The Information reported in April that OpenAI projects 122 million subscribers this year and expects advertising to lead revenue by 2030.

A renegotiated Microsoft deal, covering $13 billion in investment since 2019, enabled growth at Azure and opened new agreements with Amazon and Alphabet.

OpenAI files its IPO amid legal battles and market pressure

Gil Luria of D.A. Davidson warned that large AI listings and Google’s recent secondary share sales could reduce the capital available for smaller offerings.

Michael Ashley Schulman of Cerity Partners said OpenAI appeared to be keeping its options flexible while Anthropic moved ahead in the IPO filing process. Prediction markets had expected OpenAI to file first.

OpenAI began as a nonprofit in 2015 and later added a for-profit arm under nonprofit oversight, a structure that drew attention when CEO Sam Altman was ousted by its board and reinstated within days in late 2023.

The company announced plans to convert to a public benefit corporation in December 2024. Early backer Musk filed a lawsuit alleging Altman and others redirected the organization from its founding mission for personal benefit.

A jury ruled against Musk in May, removing what analysts described as a significant legal obstacle ahead of the OpenAI IPO filing. His attorneys plan to appeal. Separate lawsuits link ChatGPT to shootings and suicides, and public skepticism toward AI persists.

AI company restricted access to Fable 5, its most powerful Mythos model, for months over cybersecurity concerns

Anthropic, the maker of the Claude artificial intelligence (AI) models, made a new version of its technology available to the general public on Tuesday while restricting its use in sensitive areas.

Dubbed Fable 5, the model is the first to be made widely available from the company’s new Mythos class – its most advanced lineup of AI technology, unveiled in April but restricted to a small set of partner institutions for months over cybersecurity concerns.

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© Photograph: Krisztian Bocsi/Bloomberg via Getty Images

© Photograph: Krisztian Bocsi/Bloomberg via Getty Images

© Photograph: Krisztian Bocsi/Bloomberg via Getty Images

Meta accused an Israeli spyware firm on Monday of violating a court order restricting phishing attempts on WhatsApp, a social messaging platform owned by the technology company.   In an online statement, Meta announced it has asked a federal court to hold NSO Group in contempt for alleged ties to hacking attempts targeting WhatsApp users.  The…