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- Anthropic, Trump admin hold talks as AI model curbs persist
Anthropic, Trump admin hold talks as AI model curbs persist
Bay Area Times
June 16, 2026
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Top stories today:
- Anthropic, Trump admin hold talks as AI model curbs persist
- SpaceX +20% in first session after blockbuster market debut
- OpenAI spending hit $34B in 2025 ahead of planned IPO
- NVIDIA raises $25B in first bond sale since 2021 as demand tops $85B
- DeepSeek raises $7.4B at $50B valuation under CEO-run LP structure
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, Trump admin hold talks as AI model curbs persist
Anthropic failed to “honor” a recent cyber executive order, Trump administration officials reportedly claim.
“They screwed us,” one official said.
No resolution was reached from the Mon. meeting between Anthropic’s senior leaders and Trump officials.
Anthropic was reportedly given 90 minutes to comply and was not provided detailed concerns before export controls were imposed on Fri.
U.S. cybersecurity leaders urged the White House to lift the restrictions, arguing the move hurts defenders more than attackers.
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3. SpaceX +20% in first session after blockbuster market debut
~244M shares changed hands on Mon.
Elon Musk targeted $1T in revenue by 2030.
“I would be surprised if revenue is not greater than $1T in 2031,” Musk said.
SpaceX allocated ~20% of its IPO to retail investors globally.
At least 1 share was allocated to eligible customers at major U.S. retail brokers amid $100B+ in demand.
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5. OpenAI spending hit $34B in 2025 ahead of planned IPO
