Kif Leswing / CNBC: Marvell and Flex, a contract manufacturer for electronics, will join the S&P 500; MRVL jumps 6%+ after hours after closing down 16.74% amid a broader sell-off  —  - Marvell Technology, which makes parts and products needed for the AI infrastructure boom, is joining the S&P 500

Anthropic cofounder Jack Clark (middle) cowrote a blog post that is sparking a lot of conversation. Former European Parliament member Luis Garicano (left) and former White House AI czar David Sacks are among those who have weighed in. Getty Images Two top Anthropic officials said leading AI companies should consider a global pause in development. "We believe it would be good for the world to have the option to slow or temporarily pause," Marina Favaro and Jack Clark wrote. In response, many commentators have questioned the motives of such a proposal. Anthropic wants the world's leading AI labs to come together to consider a potential pause of leading global AI development. "We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology," two top Anthropic officials wrote in a blog post. On Thursday, Marina Favaro, who leads Anthropic's research institute, and Jack Clark, an Anthropic cofounder, suggested that AI labs develop a partnership similar to how countries monitor the proliferation of nuclear weapons while stressing that the world does not have "decades" to wait for such an agreement to come to fruition. Their proposal is off to an inauspicious start, with some in tech characterizing it as a self-serving effort by a leading AI company that has begun the steps toward an IPO. An Anthropic spokesperson told Business Insider the firm is not calling for a pause. Instead, Anthropic wants its leading competitors to have systems in place that would allow for a pause. Given the pace of development, the company wants to study the topic now before such limitations are deemed necessary. Here is what leading people in AI, tech, and politics are saying about the idea of a pause on global AI development: Mitt Romney, former US senator and 2012 Republican presidential nominee Former Sen. Mitt Romney, a Republican from Utah, said it is an "urgent national priority" to develop AI safeguards. Anna Moneymaker/Getty Images Former Sen. Mitt Romney said the US should focus on developing "AI safeguards." "Our highest and most urgent national priority should be AI safeguards," Romney wrote on X, quoting news coverage of Anthropic's statement. The 2012 Republican presidential nominee said, "The risks of AI weapons, pathogens, mass unemployment, surveillance, and even extinction must not continue to be largely ignored." David Sacks, former White House crypto and AI czar Venture capitalist David Sacks said Anthropic was essentially begging to be nationalized. Alex Brandon/AP David Sacks, a former top White House advisor, was harshly critical of Anthropic's suggestion. "Signs you might be trying to get your frontier AI lab nationalized: You compare it to nukes… threaten half of white-collar jobs… warn recursive self-improvement could end humanity… then race ahead anyway," Sacks wrote on X. Trump's former AI and crypto czar, who once publicly accused Anthropic of running a regulatory capture scheme, did not name the AI company directly in his post. Based on his past statements and the details of what he wrote, the subject of his ire was abundantly clear. "In other words, you want the government to save us from… you," he wrote. Andrew B. Hall, professor of political economy at Stanford Andrew B. Hall, an advisor to Forum AI and previously an advisor to Meta Platforms, said that Google DeepMind CEO Demis Hassabis has previously said he would support a global pause, provided all frontier developers complied. "This would have seemed totally non-credible even pretty recently, but between what we've seen with the EO, Glasswing, and OpenAI's proposal for beefed-up model review yesterday---it no longer seems so farfetched," Hall wrote on X. Hall said he's "skeptical" about how a pause would work, especially as it would apply to Chinese-based companies or open-source models. "If nothing else, it might be possible to agree to slowdown consumer release of models separate from development---something Hassabis seems to support based on my read of the Infinity Machine and his preference for pure research," he wrote. Tae Kim, author of "The Nvidia Way: Jensen Huang and the Making of a Tech Giant" Tech journalist Tae Kim said Anthropic was fueling needless alarmism. "Anthropic FUD scaring normies + hot jobs/rate hike on table + misinterpretation of Semianalysis memory piece = growth trade breather," Kim wrote on X. Kim, who is the author of "The Nvidia Way: Jensen Huang and the Making of a Tech Giant," had a stern message for the AI company. "Hey Anthropic, stop it." Kylan Gibbs, CEO Inworld Kylan Gibbs, CEO of Inword AI, said that Anthropic is laying the groundwork to shape AI regulations in its favor. Gibbs, who previously worked at Google DeepMind, said if you're the one telling governments that AI is dangerous, when it comes time to regulate, officials come to you first because they trust you. This gives Anthropic a chance to mold the regulations the way they want, such as limiting open-source rivals and controlling GPU exports to China. "This is also related to prior trends we've seen, of large incumbents pushing for regulations they know only they can pay their way through, ultimately impacting the smaller companies who don't have the legal resources to navigate it effectively," he added. Gary Marcus, an AI researcher and professor emeritus at New York University AI commentator Gary Marcus said people need to read the full details of Anthropic's proposal. Sam Barnes/Web Summit via Sportsfile via Getty Images AI commentator Gary Marcus said people should read Anthropic's proposal "carefully." "They want it both ways. They don't actually want a pause - at least for now. Rather, they want to rush ahead, hinting at 'least cautious actors' for justification," Marcus wrote on X. Marcus called Anthropic's suggestion "an incredible, cost-free piece of rhetoric — perfectly timed for the IPO." He said that the AI company would never actually want a pause. "Instead, they want people to talk about an 'option' they don't actually plan to take, and are unlikely to ever take," Marcus wrote. "(More likely, they will like always hint at China, and continue rush ahead.)" Luis Garicano, professor at the London School of Economics and former member of the European Parliament Luis Garicano, a former member of the European Parliament, said frontier companies are concerned about "open weights." Thierry Monasse/Getty Images Luis Garicano, a public policy professor at the London School of Economics, said Anthropic was trying to block open model competitors. "The key threat to the profitability of frontier models is open weights. If they scare the hell out of everyone, the natural move will be to forbid them and allow only 'trusted developers,'" Garicano wrote on X. "Sorry for being cynical." Francesco Bianchi, professor of economics and department chair at Johns Hopkins University Francesco Bianchi, an economics professor at Johns Hopkins University, said Anthropic's proposal appeared self-serving. "The risk here might be real, but it is very convenient for a market leader to ask to freeze the status quo," Bianchi wrote on X. Jen Zhu Scott, cofounder and CEO of Power Dynamics Jen Zhu Scott, founding partner of IN, said Anthropic is in need of a pause. Ore Huiying/Bloomberg via Getty Images Jen Zhu Scott, founding partner of IN. Capital, which focuses on AI and deep tech, said Anthropic needs a pause. "Anthropic is running out of compute and energy," Scott wrote on X. Alistair Barr contributed to this report. Read the original article on Business Insider

A massive viral conversation sharing VC horror stories has taken place this week on X. Some are weird. Some are infuriating.

CNBC: Source: OpenAI and White House are discussing a government stake in the company, to seed something like the “Public Wealth Fund” that OpenAI outlined earlier  —  OpenAI CEO Sam Altman and the White House are in ongoing talks about a possible government stake in the artificial intelligence company, CNBC confirmed on Friday.

SpaceX said Google agreed to pay $920 million a month for compute capacity. Michael Yanow/NurPhoto via Getty Images SpaceX secured a $920M monthly deal with Google for compute power. SpaceX's S-1 recently revealed Anthropic was paying it $1.25 billion a month for compute. The deal comes ahead of SpaceX anticipated record-setting IPO. SpaceX has added another lucrative deal to its revenue stream just ahead of its anticipated IPO. Google has agreed to pay SpaceX $920 million a month for compute capacity from October 2026 to June 2029, according to a SpaceX filing submitted to the SEC on Friday. The filing said the compute power included "approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components." Starting in 2027, either side can terminate the deal with 90 days' notice, according to the filing. Google said in a statement to Business Insider that the deal was needed to meet demand for Gemini Enterprise, its agentic AI platform. "Google Cloud and SpaceX are long-time partners," a Google Cloud spokesperson said. "This is a short-term, timely agreement to ensure we have bridge capacity to meet surging customer demand for our agent platform, Gemini Enterprise, which has been even higher than we expected." SpaceX did not respond to a request for comment from Business Insider. The filing came as SpaceX prepares for what's expected to be a record-setting IPO. The deal with Google was also similar to another deal SpaceX has with Anthropic, the scope of which was revealed in SpaceX's S-1 filing last month. Anthropic is paying $1.25 billion a month through May 2029 in exchange for compute capacity from SpaceX's Colossus data centers. "This structure allows us to monetize unused compute capacity in our infrastructure, while still permitting reallocation of the capacity for our own internal initiatives if needed in the future," SpaceX's S-1 said. Read the original article on Business Insider

Bloomberg: Sources: Apollo and Blackstone finalized a $35B package for Anthropic to lease TPUs; Broadcom is backstopping payments on the debt's largest senior portions  —  Apollo Global Management Inc. and Blackstone Inc. have finalized a $35 billion financing package for Anthropic PBC to expand its AI infrastructure …

Reuters: Trump signs a national security memorandum seeking to “accelerate the use of AI across intelligence and warfighting domains in line with American values”  —  The White House said on Friday it would accelerate the development and use of AI for national security applications …

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Steve Cohen's Point72 is up more than 10% so far in 2026. Alejandra Villa Loarca/Newsday RM via Getty Images Steve Cohen's $50.7 billion Point72 continued its strong 2026 in May. Big-name managers, including Millennium and Balyasny, mostly performed well in May. The S&P 500 index climbed more than 5% in May, pushing the year-to-date gains to 11%. Steve Cohen's $50.7 billion hedge fund has continued its strong run of returns with a 2% gain in May, a person close to the firm tells Business Insider. That gain puts Cohen's firm at 10.5% for the year, following a 17.5% gain in 2025, when the manager outperformed its main rivals in the multistrategy space, namely Millennium and Citadel. May was generally good for big-name managers, people close to the firms told Business Insider. Millennium was up 2.4%, pushing its 2026 gains to 6.1%. Balyasny is now positive for the year thanks to a 1.4% gain last month. Citadel also gained 1.4% in May; Ken Griffin's firm is now up 3.9% in 2026. Still, funds struggled to keep pace with equity markets, which surged in May thanks to continued enthusiasm for tech and AI stocks. The S&P 500 index ended last month up 11% after a more than 5% gain in May. A few managers lost money for the month. Walleye and North Rock both posted small losses — 0.9% and 0.2%, respectively — in May. The funds listed below declined to comment. Editor's note: This story was originally published on June 3 at 12:16 p.m. New figures have been added to the table below as they have been learned. FundMay performance2026 performance Pinpoint Asset Management2.4%11.9% Dymon Asia2%11% Point722%10.5% Millennium2.4%6.1% Schonfeld Partners2.6%5.7% Man Group 17830%5.6% North Rock-0.2%5.2% LMR2.1%4.4% Boothbay0.7%4.3% ExodusPoint2.4%4.1% Citadel Wellington1.4%3.9% Verition1%3.8% Balyasny1.4%0.6% Jain Global0.1%0.6% Walleye-0.9%0.5% Read the original article on Business Insider

Seller of the Sound Blaster Katana V2X doesn't consider the behavior a vulnerability.

See what you missed in Daily Tech Insider from June 1–5. The post AI Upgrades, Security Flaws, and SpaceX’s Record IPO Define the Week in Tech appeared first on TechRepublic.

Follow TechRepublic’s WWDC26 live updates on Apple Intelligence, macOS 27, Siri, security, developer tools, and enterprise IT impact. The post Apple WWDC26 Live Updates: Apple Intelligence, macOS 27, and More appeared first on TechRepublic.

IBM and two of its subsidiary companies were allegedly breached during the mid-2010s — a lawsuit filed by a former cybersecurity executive accuses IBM of not disclosing and actively covering it up.

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Noel Randewich / Reuters: US-traded chipmakers plunged on Friday, after Broadcom missed expectations; Nvidia fell 6.19%, Micron fell 13.25%, AMD fell 10.86%, and Broadcom 7.92%  —  U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia …

Cisco executives said agentic AI could triple network traffic, creating new infrastructure and security demands for enterprises. The post Cisco Warns Agentic AI Will Put New Pressure on Enterprise Networks appeared first on TechRepublic.

Applications for Startup Battlefield 200 officially close on June 8, 11:59 p.m. PT. Don't wait any longer. Secure your shot at competing on the Disrupt Stage at TechCrunch Disrupt 2026 this October at San Francisco's Moscone West.

CNBC: Bitcoin falls below $60K, its lowest level since October 2024, amid a record streak of bitcoin ETF outflows following Strategy's bitcoin sale  —  Bitcoin extended its losses on Friday, dropping to October 2024 lows to cap an already bruising week for crypto investors.

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Rashi Shrivastava / Forbes: Sources: AI coding startup Lovable is in talks to raise funding at a $12B valuation, up from $6.6B in December 2025  —  The less than two-year old startup crossed $400 million in annual recurring revenue earlier this year.  The new fundraise would almost double its valuation.