NewzBits — AI News Aggregator | Summarized & Cited

• Anthropic has suspended its newly released Claude Fable 5 and Mythos 5 AI models following urgent concerns regarding cybersecurity and hacking risks. • The European Union, which gained access to Mythos in June, is currently assessing the situation after the suspension of these tools. • The incident has prompted the European Commission to emphasize the necessity of "technological sovereignty" to reduce the 27-nation bloc's reliance on American and Asian AI technologies.

• Meta is separating from the Chinese AI startup Manus, terminating all internal access and data sharing following a divestiture order from Beijing based on national security grounds. • Manus co-founders are currently seeking approximately $1 billion from external investors to buy back the startup from Meta. • This strategic move aims to establish a Chinese joint venture and pave the way for a future public listing in Hong Kong, following a trend of AI IPOs from firms like MiniMax and Zhipu.

• Mistral is reportedly seeking a $3.5 billion funding round to support its strategic push into physics-based AI. • The company is expanding its ecosystem with "Studio," an AI agent development platform, alongside AI-optimized cloud infrastructure and custom foundation model tools. • This fundraising effort occurs as major rivals OpenAI and Anthropic prepare for public offerings and Amazon's new venture, Prometheus Inc., enters the market after raising $12 billion this week.

• IN-SPACe has selected three high-potential startups—Astrobase, SatSure, and TM2SPACE—as the first beneficiaries of its newly launched Technology Adoption Fund. • The initiative provides direct financial backing to private companies to develop advanced space technologies, marking a shift from policy reform to active investment. • This move aims to strengthen India's competitive position in the global space economy by fostering innovation in launch services, satellites, and AI-driven infrastructure.

• SpaceX has launched the largest IPO in history, raising $75 billion and more than doubling the previous record. • CEO Elon Musk is leveraging the capital to accelerate the growth of Starlink and develop space-based AI centers. • The historic market debut is being analyzed by financial experts, including Barron’s Roundtable editor Josh Schafer, as a pivotal moment for the company's vision.

• OpenAI is facing an investigation by an undisclosed number of state attorneys general regarding its business practices. • The inquiries focus on several critical areas, including the company's advertising policies and its management of sensitive health data. • This investigation highlights increasing regulatory scrutiny over how AI companies handle user privacy and commercial transparency.

Far-right plan defeated in referendum, according to projection by national broadcaster SRFVoters in Switzerland appeared on Sunday to have rejected an unprecedented far-right proposal to cap the country’s population at 10 million in a divisive referendum dubbed “the Swiss Brexit”.A projection by ⁠the national broadcaster SRF, which traditionally calls ​referendum votes, showed that about 55% of voters were against the proposal by the Swiss People’s party (SVP) and about 45% were in favour. Continue reading...

Government wants to back parents against tech companies though some feel the process has been rushedKeir Starmer is expected to announce sweeping “Australia-plus” restrictions on under-16s accessing harmful social media apps, a move the government has framed as taking the side of parents against the big technology companies.A consultation on online safety closed on 26 May, giving ministers just weeks to come up with policies after receiving more than 116,000 responses. Industry sources and child safety advocates have described the process as “rushed” and driven by a political timeline. It is not clear when the ban could come into force. Continue reading...

US president says ‘all sides should stand down’ as mediators seek to conclude preliminary US-Iran peace deal negotiationsMiddle East crisis – live updatesDonald Trump was forced to call for restraint on Sunday after Israel launched fresh airstrikes on Beirut as mediators sought to conclude negotiations on a preliminary peace deal between Iran and the US that would bring the three-month war in the Middle East to a definitive end.Trump played down new Israeli strikes but said “all sides should stand down”. Continue reading...

Two friends found Kathryn Woessner, 68, in wooded area almost entirely submerged in mud puddleA woman has been rescued from a mud pit in Minnesota after becoming trapped for several days.On 6 June, two friends, Adam Sandbeck and Mike Gravalin, were riding their all-terrain vehicles through a wooded area near Backus and Hackensack in northern Minnesota when they discovered Kathryn Woessner, 68, almost entirely submerged in a mud puddle. Continue reading...

Those in favour forced to defend themselves against claims the terms of the proposal amount to capitulationMiddle East crisis – live updatesIranian hardliners have mounted a rearguard rejection of a proposed deal with the US as backers in the regime defend themselves against charges it does not guarantee sanctions relief, compensation or control of the strait of Hormuz.“The fact that they say we won and America has retreated is a blatant lie,” the Iranian MP Kamran Ghazanfari said. Meysam Nili, the managing director of Rajanews and brother-in-law of the hardline former president Ebrahim Raisi, called the deal on the table a catastrophic capitulation. He urged Iranians not to sit quietly. Continue reading...

• BofA analyst Wamsi Mohan raised the price target for International Business Machines Corporation (NYSE:IBM) from $300 to $315 on June 8. • The analyst maintained a "Buy" rating for the company's shares despite the target increase. • This optimistic outlook is driven by a massive projected wave of investment in an ecosystem of AI innovators expected to reshape the global economy.

• The Sensex and Nifty surged 2% in a sharp market rally, adding approximately Rs 10 lakh crore in total market value. • This growth was driven by a boost in investor sentiment following softer crude oil prices and easing geopolitical tensions between the US and Iran. • The rally was characterized by strong performance in broader markets, a decrease in volatility, and a shift toward bullish technical indicators.

• Thailand and Vietnam, Southeast Asia's second and third-largest economies, are strengthening bilateral ties to create a strategic "insurance" policy. • This shift follows a series of high-level engagements, including Vietnamese President To Lam's debut visit to Bangkok and subsequent leadership meetings. • The move signals a strategic gamble to prioritize direct bilateral cooperation over total reliance on the broader ASEAN regional bloc.

• Anthropic has halted access to its Fable 5 and Mythos 5 AI models for foreign nationals after reports that the US government identified a potential jailbreaking vulnerability. • The move has sparked criticism in Europe, with officials like Haddad describing the restriction as a "wake-up call" regarding the intersection of AI and national sovereignty. • This decision is viewed as an acceleration of the geopolitical battle over AI, highlighting the strategic dependency of non-US nations on American technology.

• Union Minister J.P. Nadda announced in Shimla that India has become the world's fastest-growing major economy under Prime Minister Narendra Modi's leadership. • Nadda highlighted 12 years of governance characterized by significant economic reforms, infrastructure expansion, and improved welfare delivery. • The statement underscores the government's focus on decisive policymaking to maintain India's global economic trajectory.