Google has restricted Meta’s access to its Gemini AI models because it cannot supply the level of computing power Meta requested, according to the Financial Times. This limitation impacts several of Google’s clients, with Meta experiencing significant effects. These restrictions are also influencing Meta’s internal AI projects, causing delays and adjustments as the company navigates reduced computational resources.
The Bank for International Settlements (BIS) issued a warning on Sunday about the possibility of an AI investment bubble bursting, which could disrupt credit markets as severely as the 2008 financial crisis. In its annual report, the Basel-based BIS identified risks driven by AI alongside inflation and fiscal pressures as significant challenges requiring close attention. The report highlights that disappointing returns on AI investments might lead to a sharp market pullback, causing broad financial instability.
California Governor Gavin Newsom and leading Democratic lawmakers have finalized a $351.7 billion state budget that includes a new tax on prewritten software downloaded electronically. Starting in fiscal year 2028, this policy will generate an estimated $900 million in state revenue and $1.1 billion for local governments annually.
On Thursday, Micron Technology briefly overtook Meta and Tesla in market capitalization, closing the week at about $1.27 trillion. Over the past month, Micron's stock price skyrocketed by more than 236%, hitting $1,132 per share—a striking jump from its sub-$100 levels before mid-2025. This impressive growth followed outstanding third-quarter earnings, with revenue soaring to $41.45 billion, a fourfold increase from the previous year.
Firmus Technologies, an Australian AI infrastructure firm valued at $5.5 billion, is set to establish its inaugural data centre in Indonesia through an eight-year collaboration with Nvidia. The new 360-megawatt Nvidia DSX AI Factory campus will be located in Batam, near Singapore, and developed alongside Singapore's DayOne. This facility aims to enhance AI capabilities and is expected to commence operations soon.
You landed what seemed like your dream job, yet doubts begin to surface: “Is this the right path?” “Can I continue this for life?” “I crave something more fulfilling.” These questions often arise amidst major life changes — from parenting and mortgage payments to caring for aging parents. This crossroads leads many mid-career women to reconsider their paths: stay in corporate roles or create their own ventures.
Interviews with 13 New Jersey women entrepreneurs from diverse fields like finance, food, consulting, and health reveal a shared trend: they sought careers that accommodate life rather than life accommodating work. Most shifted to entrepreneurship in their 30s or 40s, after years in leadership or on leadership tracks, prompted by workplace environments that clashed with their values and caregiving needs.
Corporate life often means juggling caregiving — children, elderly parents, ill family members — without the flexibility to balance both work and home effectively. This caregiving strain pushes many towards entrepreneurship, where they gain control over schedules despite sometimes working even harder. This freedom offers reduced stress, better health, and fulfillment. For example, Melissa Jenkins left a demanding marketing career to build a bakery while managing caregiving responsibilities, valuing the flexibility entrepreneurship offers despite financial instability risks.
Entrepreneurship brings challenges — no steady salary, benefits, or safety nets — yet women still choose it over traditional roles due to inflexible corporate structures and environments causing burnout. This trend also signals a generational shift, with younger women pursuing entrepreneurship earlier than before. To retain experienced women, workplaces must rethink caregiving support, flexibility norms, paid leave, and leadership pathways to align with real-life demands.
Trustpilot has announced a partnership with Shopify that will enable merchants on the platform to showcase and manage Trustpilot reviews directly within their online stores. This integration, launching on June 29, marks Trustpilot's first native collaboration with a major ecommerce platform. The financial details of the agreement have not been shared. The move comes as AI search engines increasingly rely on authentic user reviews, making this partnership timely and strategic.
OpenAI has appointed Prabhjeet Singh, the outgoing president of Uber India and South Asia, as its first managing director for India. Singh, who will start in September, will report to Kiran Mani, OpenAI's managing director for Asia Pacific. He will be responsible for driving consumer growth, enterprise adoption, partnerships, regulatory affairs, and operations in India, OpenAI's biggest market outside the United States.
The AI sector, which heavily supported Donald Trump in the hope he would avoid regulating the technology, is now calling for clear and formal rules. According to Politico, executives from leading AI firms have expressed frustration with the Trump administration's inconsistent oversight, suggesting it may be causing more harm than the current Biden administration's approach. This evolving stance highlights the industry's urgent need for structured governance.
Corgi, a Y Combinator-backed startup in the insurance technology space, recently faced accusations from Papermark claiming it stole their open-source software. In response, Corgi denies these allegations, intensifying discussions about the ethics and practices behind vibe coding.
