London's PhysicsX raised $300M from Temasek at a $2.4bn valuation, doubling in a year. The F1-founded startup cuts engineering simulation from days to seconds.

Florida sued OpenAI. Character.AI settled. Courts rejected Section 230 for chatbots. The legal playbook that reshaped social media is now targeting AI, with fewer defences available.

NewOrbit raised $18.5M to build the first commercial VLEO satellite, flying at 200-300km where drag and atomic oxygen have kept everyone else out. First launch planned for 2028.

Spotify is in talks with concert promoters to stream live festival footage and has struck a multi-year deal with Live Nation to reserve tickets for top fans.

President Sheinbaum drove the six-seat Olinia Uno prototype onto a stage in Mexico City. The government-backed EV is priced at 150,000 pesos, or about $8,600.

Kimi developer Moonshot AI seeks $2bn at a $30bn valuation, its third round in six months. DeepSeek wants $59bn. Zhipu sits at $80bn. China's AI funding race is accelerating.

Frontier AI models find thousands of vulnerabilities but China is distilling those capabilities at scale. The US has a voluntary 30-day review. The arms race is already here.

JPMorgan is hiring Tahir Zafar, Nomura's international head of AI strategy, as Jamie Dimon says the bank will hire more AI specialists and fewer bankers.

Korean bonds are the world's worst in 2026, down 7.5%, as the chip boom forces rate hikes. Monday's 8% Kospi crash triggered a circuit breaker while yields held near highs.

Tech Secretary Liz Kendall will announce "strategic purchases" of semiconductor kit from UK companies at London Tech Week, aiming to build a £37B chip industry.

Sriram Krishnan, who shaped Trump's AI action plan, is leaving at the end of June to start an outside institution focused on AI policy.

Trump's new security memo accelerates military AI adoption, orders an autonomous weapons directive update, and bars companies from disabling deployed models.