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Apple Intelligence now requires 12GB RAM for most advanced on-device AI features in iOS 27

Apple raised the bar for its most capable AI at WWDC 2026, announcing that iOS 27's most powerful on-device model needs 12GB of unified memory. The iPhone 17 Pro and iPhone Air make the cut, but the standard iPhone 17 with 8GB RAM doesn't. This marks the first time Apple has increased hardware requirements since Apple Intelligence launched two years ago.

Technology7 sources

Apple Intelligence now requires 12GB RAM for most advanced on-device AI features in iOS 27

Technology7 sources

Nvidia RTX Spark brings agentic AI to consumer PCs, but hardware costs raise questions

Nvidia unveiled RTX Spark at Computex 2026, a Blackwell-powered chip with 6,144 CUDA cores and up to 128GB unified memory designed to run 120-billion parameter AI models locally. Microsoft's Surface Laptop Ultra leads over 30 laptops launching this fall. But the timing raises concerns as DRAM prices surged 300% in March 2026, making the platform's accessibility uncertain.

Technology7 sources

Nvidia RTX Spark brings agentic AI to consumer PCs, but hardware costs raise questions

Technology7 sources

UK Bets $1.47 Billion on AI Supercomputer to Cut Dependence on US Tech

Britain unveiled a $1.47 billion plan to build domestic AI computing capacity, including a national supercomputer and funding for homegrown chip firms. Prime Minister Keir Starmer announced the strategy at London Tech Week, pledging $533 million for specialist AI chips. The move aims to reduce dependence on foreign AI hardware amid deteriorating US-Europe relations and growing concerns about tech sovereignty.

Business4 sources

UK Bets $1.47 Billion on AI Supercomputer to Cut Dependence on US Tech

Business4 sources

Oriole Networks deploys first photonic AI network, claims 81% power cut and sub-1% GPU idle time

UK startup Oriole Networks has deployed what it calls the world's first large-scale AI system powered by a pure photonic network, replacing electrical switches with nanosecond optical circuits. The system, built with AMD for the UK's ARIA Scaling Inference Lab, claims to slash core network power consumption by 81% and reduce GPU idle time from 60% to less than 1%.

Technology2 sources

Oriole Networks deploys first photonic AI network, claims 81% power cut and sub-1% GPU idle time

Technology2 sources

New York passes one-year moratorium on large data centers powering AI, awaits governor's signature

New York State lawmakers approved a historic one-year ban on large data centers exceeding 20 megawatts, marking the first statewide moratorium of its kind in the US. The measure targets facilities powering generative AI and requires companies to fund environmental impact assessments and public hearings. Governor Kathy Hochul has until December to decide whether to sign the bill into law.

Policy4 sources

New York passes one-year moratorium on large data centers powering AI, awaits governor's signature

Policy4 sources

Hitachi and Intel launch strategic collaboration to accelerate AI transformation across industries

Hitachi and Intel have announced a strategic collaboration to advance physical AI, advanced computing, and digital infrastructure across manufacturing, energy, and mobility sectors. The partnership combines Hitachi's IT and operational technology expertise with Intel's computing capabilities across five key areas: foundry tools, quantum computing, energy optimization, custom silicon and edge-AI applications, and factory automation.

Technology2 sources

Hitachi and Intel launch strategic collaboration to accelerate AI transformation across industries

Technology2 sources

Google to pay SpaceX $920 million monthly for AI compute power in $30 billion infrastructure deal

Google has signed a massive cloud services agreement with SpaceX, committing to pay $920 million per month for access to approximately 110,000 NVIDIA GPUs and related infrastructure. The deal runs from October 2026 through June 2029 and could generate over $30 billion for SpaceX, which is preparing for a historic IPO next week targeting a $1.75 trillion valuation.

Technology11 sources

Google to pay SpaceX $920 million monthly for AI compute power in $30 billion infrastructure deal

Technology11 sources

Anthropic beats OpenAI to confidential IPO filing as rivalry shapes AI's future

Anthropic has filed confidentially for an IPO at a $965 billion valuation, edging ahead of OpenAI in a high-stakes race to go public. The rivalry between the two AI giants is accelerating innovation but also raising questions about balancing rapid growth with safety concerns. Both companies are warning about AI risks while simultaneously launching their most powerful models yet.

Business8 sources

Anthropic beats OpenAI to confidential IPO filing as rivalry shapes AI's future

Business8 sources

Raspberry Pi raises profit forecast as AI demand drives sales but pushes DRAM costs higher

Raspberry Pi expects first-half earnings of at least $38 million from over 4 million unit shipments, nearly matching full-year analyst forecasts. The Cambridge-based firm's shares jumped 20% following the update, tripling its value since January. However, surging AI demand is forcing the low-cost computer maker to tap credit facilities for strategic memory purchases as DRAM costs climb.

Business3 sources

Raspberry Pi raises profit forecast as AI demand drives sales but pushes DRAM costs higher

Business3 sources

Canada launches CA$1 billion AI strategy to break free from US tech dominance

Canada unveiled its national AI strategy with CA$1 billion in funding to build sovereign AI capabilities and reduce dependence on foreign platforms. Prime Minister Mark Carney warns that foreign AI platforms could be weaponized against Canadians, as the country joins a growing coalition of allied democracies seeking tech sovereignty amid rising tensions with the US.

Policy6 sources

Canada launches CA$1 billion AI strategy to break free from US tech dominance

Policy6 sources

Canada unveils $2.3 billion AI strategy targeting 250,000 jobs but safety details remain unclear

Prime Minister Mark Carney launched AI for All, Canada's most ambitious national AI strategy committing $2.3 billion over five years. The plan targets 250,000 new jobs by 2031 and aims to boost business AI adoption from 12% to 60% by 2034. But critics point to a conspicuous gap: the strategy offers few concrete safety mechanisms, no hard timelines for new regulation, and no clear enforcement architecture despite calls from Pope Leo XIV for responsible AI governance.

Policy5 sources

Canada unveils $2.3 billion AI strategy targeting 250,000 jobs but safety details remain unclear

Policy5 sources

Ramp raises $750M at $44B valuation as fintech bets big on AI token spend management

Corporate expense management platform Ramp secured $750 million in Series F funding at a $44 billion valuation, nearly tripling its worth in just one year. The fintech startup is expanding beyond traditional spend management into AI token cost tracking, positioning itself as infrastructure for what CEO Eric Glyman calls the "third pillar" of corporate spending alongside people and vendors.

Startups4 sources

Ramp raises $750M at $44B valuation as fintech bets big on AI token spend management

Startups4 sources

Tech layoffs surge to 38,242 in May as artificial intelligence reshapes US job cuts landscape

US tech companies eliminated 38,242 jobs in May 2026, marking the highest monthly job cuts in two years. For the third consecutive month, artificial intelligence was cited as the leading reason for layoffs, even as major firms like Google, Amazon, Microsoft, and Meta plan $725 billion in combined AI infrastructure spending this year.

Business5 sources

Tech layoffs surge to 38,242 in May as artificial intelligence reshapes US job cuts landscape

Business5 sources

Pinterest commits $4 billion to AWS in largest-ever cloud deal to accelerate AI vision

Pinterest announced a $4 billion commitment to Amazon Web Services through 2031, marking its largest infrastructure agreement ever. The social media platform will leverage AWS custom chips including Graviton and Trainium to scale AI-powered visual search and personalized discovery for over 600 million monthly users. The deal extends a partnership dating back to 2010 and aims to close the gap between user inspiration and transaction.

Business5 sources

Pinterest commits $4 billion to AWS in largest-ever cloud deal to accelerate AI vision

Business5 sources

Companies exhaust AI budgets by April as token costs spiral out of control

Major tech companies are slamming the brakes on AI spending after burning through entire annual budgets in just months. Uber capped engineers at $1,500 monthly after exhausting its 2026 AI budget by April, while Microsoft revoked Claude Code licenses. Even OpenAI CEO Sam Altman admits AI costs have become 'a huge issue' as agentic workflows drive token consumption to unsustainable levels.

Business11 sources

Companies exhaust AI budgets by April as token costs spiral out of control

Business11 sources

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