AI

The S&P 500 index reached an all-time high on June 2, driven by a surge in AI chip stocks led by Nvidia. Despite geopolitical tensions and elevated energy prices from Middle East conflicts, the tech sector’s strength propelled the broader market higher. CNBC live coverage showed Nvidia leading chip stocks significantly higher. Analysts note that massive AI infrastructure spending by tech giants continues to fuel semiconductor demand, keeping investor optimism intact. The rally suggests strong confidence in AI commercialization, though some warn that risk factors including energy costs may be underpriced in the current market. ...

Anthropic Reaches $965B Valuation After Raising $65 Billion AI safety research company Anthropic has reached a valuation of $965 billion in its latest funding round, raising $65 billion in what stands as the largest single financing event in artificial intelligence history. According to Reuters, the round was led by multiple Wall Street institutions, reflecting sustained investor enthusiasm for AI infrastructure. Anthropic’s Claude large language model has been rapidly expanding in the enterprise market, positioning itself as OpenAI’s most formidable competitor. ...

Nvidia’s earnings beat and strong outlook boosted Bitcoin mining stocks amid the AI boom. An increasing number of miners are expanding into AI computing, leveraging their large-scale GPU infrastructure to provide AI inference and training services. The market views this transformation as enhancing miners’ earnings diversification and reducing reliance on Bitcoin price volatility. Source: CoinDesk

Trump Could Sign AI Executive Order as Soon as Thursday According to CNN, President Trump could sign a significant executive order on artificial intelligence as soon as Thursday (May 22). The order is expected to cover several key areas, including AI regulatory frameworks, high-end chip export controls, and AI safety standards. This would be the most comprehensive AI policy initiative of Trump’s second term. The executive order is expected to require federal agencies to follow unified safety assessment standards when procuring AI systems, while also introducing new transparency requirements for AI model training and deployment. ...

BBC analysis suggests that the AI industry itself emerged as the real winner of the Musk-Altman trial — with public attention and discussion around AI significantly increasing.

Apple announced a series of new accessibility feature updates on May 19, 2026, integrating Apple Intelligence technology. The new features are designed to help users with disabilities better use Apple devices, reflecting tech companies’ continued investment in accessible design.

Meta Reassigns 7,000 Employees to Focus on AI in Major Restructuring Meta has announced the reassignment of 7,000 employees to AI-related divisions, marking one of the largest talent shifts in the company’s history. The move reflects Meta’s strategic bet on AI technology, concentrating resources on large model development, AI infrastructure, and AI productization. Analysts note this signals Meta is accelerating efforts to catch up with competitors in the AI race. ...

After nearly a month of intensive proceedings, a jury has ruled to dismiss Elon Musk’s lawsuit against OpenAI and its CEO Sam Altman. Case Background Musk was a co-founder of OpenAI but departed the company in 2018. Since then, he has repeatedly criticized OpenAI’s shift toward a for-profit model and accused Altman of misconduct during the transition of control. Trial Focus During the nearly month-long trial, both sides presented extensive internal emails, meeting records, and financial documents. Musk argued that OpenAI had strayed from its original nonprofit mission, while Altman and OpenAI contended that the transformation was necessary for the company’s long-term development. ...

AI infrastructure company Cerebras saw its shares surge approximately 100% on its first day of trading after raising $5.5 billion, becoming one of the largest tech IPOs of 2026.

The Dow Jones Industrial Average crossed the 50,000 mark for the first time, driven by AI chip and tech stock gains as investor confidence in AI commercialization continues to grow.