The US: Government looks to purchase shares in AI companies; discussions with Sam Altman underway
On 04 June, Reuters reported that senior US officials are evaluating potential chances to purchase shares in various AI companies. They are currently engaged in preliminary discussions centered on having the firms voluntarily cede the shares to the government. Reports suggested that the returns received on the investments would be directed towards public purposes and they plan to distribute dividend payment to all American households. The report comes ahead of OpenAI has filed for confidential prospectus and plans to release their IPO shortly. Since Trump’s second term has started, discussions have taken place with OpenAI CEO Sam Altman regarding the about the possibility of federal loan guarantees to spur construction of chip factories in the U.S., but has not sought ⁠U.S. government guarantees for building its data centres. 
(“US officials eye government stakes in AI companies, NOTUS reports”, Reuters, 05 June 2026)

The US: Washington lawmakers propose draft bill to prohibit state intervention in AI regulatory laws
On 05 June, Reuters reported that US House lawmakers have proposed a draft legislation aiming to reduce state involvement in making laws which target regulation of AI models. The legislation was released by Democrat Lori Trahan and Republican Jay Obernolte, would bar states from laws “targeting artificial intelligence model development. It aims to create a "national framework that protects Americans, supports innovation, and ensures ⁠the U.S leads the world in shaping this technology," the pair said in a joint statement. This initiative was applauded by AI companies as it would reduce state-based intervention however it received condemnation from consumer right advocacy groups. Public Citizen, an advocacy group expressed concerns over lack of federal laws providing safety for American citizens against AI risks. They stated, “It would leave oversight largely to a federal government that has repeatedly failed to pass meaningful AI protections.” 
(“US House lawmakers release draft bill to prohibit state AI rules”, Reuters, 05 June 2026)

India and UK: Critical Minerals Global Supply Chain Observatory launched to promote global supply chain of critical minerals
On 05 June, The Hindu reported that India and the United Kingdom launched the Critical Minerals Global Supply Chain Observatory (GSCO) as an attempt to expand the mineral coverage, further integrate advanced technologies and unlock new bilateral investment opportunities”. This is a joint operation between India’s Technology Innovation in Exploration & Mining Foundation (TEXMiN), Indian Institute of Technology (ISM) Dhanbad and U.K.’s University of Cambridge. This platform will further monitor and analyse global critical mineral supply chains. Union Minister for Mines and Minerals G. Kishan Reddy wrote, “This is a major step towards strengthening critical mineral supply chains, supporting clean energy transitions, and building resilient global supply chains through the India–U.K. partnership.”
(“India, U.K. launch Critical Minerals Global Supply Chain Observatory for improved cooperation, tech-sharing”, The Hindu, 05 June 2026) (06/06)

Greece: Athens to impose 15 per cent tax on crypto profits
On 05 June, Reuters reported that, Greece is preparing a new legislation aiming to impose 15 per cent capital gains taxes on cryptocurrency profits. This move integrated digital assets into the country’s formal tax system. The proposal is drafted by the Finance Ministry of Greece. While it would impose tax gains based on buying and selling cryptocurrencies, its exempts the first EUR 500 of annual profits. In addition, individual crypto mining would remain untaxed, while mining conducted through registered companies would be subject to taxation. Furthermore, officials state that it is difficult to estimate the size of Greece’s crypto market due to investors using foreign exchanges. 
(“Greece to tax gains from crypto, sources say,” Reuters, 05 June 2026)

ASML CEO warns against excessive EU intervention
On 05 June, Reuters reported that the CEO of ASML, Christopher Fouquet warned against EU’s excessive intervention in industrial projects. While he welcomed the European Commission’s plan to improve Europe's technological competitiveness he cautioned against excessive government involvement in directing strategic industrial projects. Moreover, Fouquet also praised Brussels' shift toward demand-driven policies, including efforts to boost demand for European-made semiconductors and cloud services.
(“ASML CEO says EU Commission should not try to direct 'strategic projects',” Reuters, 05 June 2026)

South Korea: Jensen Huang’s Seoul visit highlights Seoul’s growing AI importance
On 05 June, Reuters reported that, Nvidia CEO Jensen Huang is making his second visit to South Korea in seven months. The visit is said to be a reinforcement of the country's emerging strategic significance in the international AI sector. In addition to the meetings with tech leaders, Huang will be seeking a public outreach campaign, such as a TV talk show appearance and throwing the ceremonial first pitch at a pro baseball game. The country's importance has increased further as US and China technology tensions have limited Nvidia's access to the Chinese market. South Korea is the major supplier and consumer. In a previous announcement, Nvidia said it would sell over 260,000 powerful AI chips to the South Korean government and big domestic companies. President Lee Jae Myung has also been focusing on the development of AI as part of his efforts to make South Korea one of the top AI nations in the world. Huang will also be meeting with the executives of major conglomerates in South Korea, such as LG, Hyundai, SK Group and Naver.
(“Nvidia CEO mounts charm push in South Korea with TV talk show, baseball appearances,” Reuters, 05 June 2026)

The US: Google agrees to purchase computing components from SpaceX; secures 920 million dollar deal
On 06 June, Reuters reported that SpaceX and Google had entered into a  cloud series agreement, a legally binding contract of software purchases. As a part of the deal, Google agreed to purchase computing components from SpaceX including 110,000 Nvidia GPUs, CPUs and memory chips for 920 million USD. This adds another high profile consumer to SpaceX’s roster, apart from Anthropic who agreed to purchase 200,000 computing components. In order to train AI models, high quality computing components are required and this further reinstated SpaceX’s role as a high profile computing provider.
(“SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO”, Reuters, 06 June 2026) 

The UK: World’s first vaccine developed by AI tool makes debut
On 05 June, BBC reported that the University of Cambridge has developed the first ever vaccine with the help of AI tools. The vaccine is in the early stages of development and the team is actively working towards developing vaccines to tackle the flu and the Ebola virus. Professor Jonathan Heeney of Cambridge stated, “This is about making vaccines that protect us, not just from today’s viruses, but protect us from what can cause the next outbreak or disease.” The vaccine is yet to tried on humans and has not been introduced in the market. The team obtained known genetic codes from a range of coronaviruses that have been recorded by their surveillance programmes and these codes we’re analysed by AI, which was later used to develop the ‘super antigen’, as reported by BBC. Heeney remarked that this was the first time an antigen designed by AI had been trialled in people. He said the technology was “surprising all of us” and it was “amazing what we can do with it for the good of humanity.”
(“World-first’ vaccine designed by artificial intelligence, BBC, 05 June 2026)