🟡 Palantir reports 93% revenue growth

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Google assembles a roughly $200 billion Wall Street financing network to supply Anthropic with more than $150 billion of TPU infrastructure.

Alibaba’s Qwen3.8-Max intensifies the frontier-model price and performance race and Palantir raises its outlook after U.S. commercial sales jump 149%.

OpenAI clashes with Apple over its trade-secret lawsuit while 15 state attorneys general demand evidence be preserved following the Hugging Face breach.

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The Nasdaq jumped 2.1%, led by mega-cap technology and semiconductor stocks, as a 4.7% fall in Brent crude eased inflation fears and pulled Treasury yields lower. Amazon rose 4.6%, Nvidia gained nearly 3% and SanDisk climbed 6%, while the Magnificent Seven advanced 3.6%.

Google assembles a roughly $200 billion financing network with Broadcom, Morgan Stanley, Apollo and Blackstone to supply Anthropic with more than $150 billion of TPU infrastructure. (Financial Times)

Alibaba adds to China’s frontier-model surge with Qwen3.8-Max, intensifying a price-and-performance “death zone” that is squeezing U.S. and Chinese AI rivals. (Bloomberg)

Palantir reports 93% revenue growth and a 149% jump in U.S. commercial sales, raising its full-year forecast to more than $8.15 billion as corporate AI demand accelerates. (Axios)

OpenAI hits back at Apple’s trade-secret lawsuit as “careless, aggressive and oddly personal,” publishing emails it says undermine several of Apple’s claims. (Business Insider)

OpenAI is ordered by 15 U.S. state attorneys general to preserve all evidence connected to its model’s breach of Hugging Face and any similar unauthorised intrusions. (Business Insider)

OpenAI, Anthropic and other frontier-model developers face a new voluntary White House evaluation framework whose contents, participants and rollout remain undisclosed. (Axios)

Hugging Face CEO Clem Delangue says China is winning the AI race through open-weight collaboration while leading U.S. laboratories continue developing models “in silos.” (Business Insider)

OpenAI, Anthropic, xAI, Waymo and Nscale accounted for 78% of global venture-deal value in the first quarter, concentrating capital among a handful of AI leaders and squeezing smaller funds. (Bloomberg)

AI² Robotics considers a Hong Kong IPO as investor demand accelerates for Chinese embodied-AI and robotics companies. (Bloomberg)

SpaceX prepares to deliver its first earnings report as a public company, with investors focused on Starlink growth, Starship spending and the cost of its expanding AI ambitions. (The Wall Street Journal)

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