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Anthropic said to engage White House to resolve AI export restrictions

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Top stories today:

  1. Anthropic said to engage White House to resolve AI export restrictions
  2. U.S., Iran reach interim peace deal, restart oil flows
  3. SpaceX closes +19% at $2.1T valuation in market debut, Elon tops $1T
  4. OpenAI, Anthropic employees cash out $14B in private share sales
  5. Mistral AI said to seek ~€3B at ~€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 today’s 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:

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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 Tehran’s 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 Iran’s 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:

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