TECH
SpaceX IPO values company at $1.8 trillion, fuels AI ambitions
Ars Technica emphasizes that the new public shareholders see SpaceX primarily as an AI services company and question whether the valuation reflects real profit potential, noting that NASA contracts are now outpaced by AI compute deals. TechCrunch highlights the record $75 billion offering, the closing price of $160.95 per share and Elon Musk becoming the world’s first trillionaire. Both outlets report that the IPO generated massive trading volume and positioned SpaceX’s orbital data‑center vision at the forefront of investor interest.
Trump administration forces Anthropic to halt Fable and Mythos AI models
Ars Technica reported that Anthropic disabled access to its Fable 5 and Mythos 5 models after a US Commerce Department directive imposed export controls. The administration cited a potential jailbreak that could bypass safeguards on cybersecurity, chemistry and biology content, a concern also noted by Axios. Anthropic said it disagreed with the precaution but complied, describing the exploit as narrow and non‑universal.
PeopleSoft zero‑day exploited by ShinyHunters steals gigabytes from hundreds
Ars Technica reports that the ransomware group ShinyHunters has been exploiting a critical SSRF flaw (CVE‑2026‑35273) in Oracle's PeopleSoft suite since late May, targeting roughly 100 organizations, mostly universities, and extorting victims after stealing tens of gigabytes of data. Mandiant’s analysis adds technical details, showing the attackers mapping PeopleSoft configurations, establishing outbound SSH connections, and publishing data on a ShinyHunters leak site. Oracle has issued a temporary mitigation but has not yet released a full patch.
Google sues Chinese cybercrime network using AI to run mass scams
TechCrunch reports that Google has filed a lawsuit against the alleged Chinese group Outsider Enterprise, accusing it of using AI, including Google’s own Gemini, to generate millions of phishing websites and send billions of fraudulent text messages that have scammed hundreds of thousands of victims for millions of dollars. The complaint says the operation leveraged Google Drive and Cloud for hosting, cost $88 a week per user, and involved coordinated efforts across telecoms and the FBI, with Google seeking compensatory and punitive damages and an injunction to halt the scheme.
FISA section 702 expires but surveillance continues under existing certifications
Ars Technica notes that Section 702 of the Foreign Intelligence Surveillance Act formally sunset at midnight, but a year‑long certification granted by the FISA Court keeps the program running until March 2027. Experts from the Brennan Center and the Cato Institute stress that the law’s expiration does not halt data collection, while NPR warns providers might contest the mandates. Lawmakers have yet to pass a renewal, leaving the program in place under existing authority.
KPMG withdraws AI usage report after hallucinations expose false claims
TechCrunch reports that KPMG pulled its October 2025 report on AI usage after GPTZero flagged numerous hallucinations that misrepresented the firm’s AI deployments. The Financial Times noted that UK public bodies such as the NHS and Transport for London said the report’s claims were inaccurate, prompting KPMG to remove the document and launch an internal review. The story also references EY’s recent withdrawal of a similar report plagued by AI‑generated errors.
Ukraine test of autonomous drones kills Russian soldiers, heightening drone warfare concerns
According to Ars Technica, a Ukrainian drone maker said a one‑time test used quadcopter drones pre‑programmed to enter a frontline area and autonomously engage targets, resulting in the death of a couple of Russian soldiers. Ukrainian officials say current operational policy bans AI in final target selection and that pilots retain control, but the incident underscores a growing trend of AI‑enabled capabilities in both Ukrainian and Russian drone arsenals. The test highlights escalating use of autonomous weaponry in the conflict and raises questions about compliance with international humanitarian law.
Community protests stall $130 billion in data center projects this year
Protesters have blocked or delayed at least 75 data‑center projects nationwide, representing roughly $130 billion in value, according to NBC News and the Data Center Watch tracker cited by Ars Technica. The surge, described as the biggest three‑month record since tracking began, reflects a growing playbook of local opposition that researchers say is reshaping elections and regulation. While outlets such as The Atlantic note the tax‑revenue and job benefits of data centers, Ars Technica and the New York Times highlight the political momentum behind the resistance and calls for stronger environmental reviews.
FCC proposes rule requiring ID verification for all cellular customers
WIRED reports that the FCC plans to mandate telecoms collect a name, physical address, government‑issued ID number and an alternate phone number from every new or renewing subscriber, which would effectively end anonymous burner phones. The agency says the rule targets money‑laundering and fraud, but privacy groups argue it endangers journalists, whistleblowers and activists who rely on anonymity. The FCC is accepting public comments on the proposal until June 25.
Jeff Bezos launches Prometheus startup amid Amazon's reported pressure campaign against Anthropic