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Top stories today:
- Anthropic said to engage White House to resolve AI export restrictions
- U.S., Iran reach interim peace deal, restart oil flows
- SpaceX closes +19% at $2.1T valuation in market debut, Elon tops $1T
- OpenAI, Anthropic employees cash out $14B in private share sales
- Mistral AI said to seek ~ā¬3B at ~ā¬20B valuation
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Anthropic said to engage White House to resolve AI export restrictions
Anthropic restricted access to Fable 5 and Mythos 5 on Fri. under a U.S. government directive:
Senior Anthropic technical staff are reportedly in Washington to meet White House officials.
Anthropic hasnāt engaged seriously, Trump admin officials claimed.
Anthropic staff have reportedly held virtual meetings with White House officials since the governmentās initial outreach on Fri.
The ban underscored the dangers of AI concentration, Canadaās PM said, drawing parallels to the 2008 financial crisis.
The EU questioned U.S. restrictions on Anthropic models.
Amazonās Andy Jassy was among tech leaders who raised concerns about Mythos 5 with Trump officials.
Suspected access by a China-linked group reportedly helped spur White House export controls on Mythos.
Companies must own their AI ālearning loopsā or risk ceding value to frontier model providers, Satya Nadella said.
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3. U.S., Iran reach interim peace deal, restart oil flows
Brent -4% to ~$84/barrel on the announcement:
The deal sets the stage for 60 days of negotiations over Tehranās nuclear program.
Jun. 19: U.S. and Iranian officials will meet in Switzerland to formally sign the agreement.
Neither side has released the text, leaving key sticking points for the next stage of talks.
Trump said he could resume military strikes if no agreement on Iranās nuclear program is reached.
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5. SpaceX closes +19% at $2.1T valuation in market debut, Elon tops $1T
SpaceX stock closed at $160.95/share after hitting a session high of $176.52:
