Tech stocks slide on AI fears, oil gives Dalal Street a headache - The Times of India

• Microchip Technology has launched its XpressConnect PCIe 6.0 and CXL 3.1 retimers to address critical connectivity challenges in modern AI infrastructure. • These new components are designed to maintain signal integrity and reduce latency across high-speed data paths, which are essential for scaling AI workloads.

• The artificial intelligence boom is driving up long-term Treasury yields as "hyperscalers" seek massive funding for data centers, power systems, and computing capacity. • These tech giants are utilizing long-term financing to support infrastructure growth, though some companies maintain diverse fundraising options.

• Goldman Sachs reported on Tuesday, June 3, that private infrastructure and real estate capital will increasingly fund the rapid expansion of AI data centers. • This shift occurs as companies move away from traditional financing methods to meet the massive capital demands of AI infrastructure.

• Qubit Capital’s June 2026 analysis reveals that Series A funding rounds for AI startups now average $51.9 million. • This funding level is approximately 30% higher than the average for non-AI startups, signaling a strong investor preference for AI-driven ventures.

• The European Union has launched a major tech initiative to reduce dependence on the US and China. • The focus is on cloud computing and chip production to re-enter the global tech race.

• Chinese AI lab DeepSeek is reported to be preparing a 6 billion euro external funding round as it tries to stay competitive in the global model race. • The fundraising would be one of the largest recent AI capital raises, reflecting continued investor appetite for frontier-model developers even as costs and compute needs surge.

• Anthropic expanded Project Glasswing on Tuesday, adding about 150 organizations in more than 15 countries to its restricted AI security testing program. • The company said its Claude Mythos Preview offensive-security model has surfaced more than 10,000 high- or critical-severity vulnerabilities since April, highlighting rapid gains in AI-assisted defense tools.

• The European Union's €20 billion ($23.3 billion) investment plan to establish five massive AI data centers is currently floundering due to funding issues and significant delays. • In Germany, major entities including Deutsche Telekom and the Schwarz Group (owner of Lidl) have expressed interest in leading consortium bids to develop one of the planned gigafactories.

• The European AI ecosystem is currently experiencing a period of extreme hype, characterized by stratospheric valuations and massive funding rounds as of 2026. • Experts warn that "nice-to-have" startups are particularly vulnerable to a potential collapse due to the escalating costs of implementing and maintaining AI technology.

• The Responsible AI Conference 2026 will take place as a one-day, practitioner-led event in London, UK, on 23 June 2026. • The event focuses on operational and compliance challenges rather than technical breakthroughs, featuring speakers from high-scrutiny organizations including HSBC, JPMorgan, BBC, and Channel 4.

• The European Commission has announced a strategic plan to strengthen Europe's tech sovereignty and establish the region as a global leader in artificial intelligence. • The initiative focuses on increasing digital self-reliance by enhancing capacities in semiconductors, AI, cloud computing, and open-source technologies.