OpenAI To Give It Away?

OpenAI floated giving the US government a 5% stake to court the Trump administration. Nvidia promised to backstop cloud providers for a revenue cut, SpaceX showed investors an xAI phone prototype, Apple ramped foldable iPhone orders, and Z.ai launched ZCode.

•
Sources: OpenAI has discussed giving a 5% stake to the US government, seeking to clear political obstacles by securing buy-in from the Trump administration (ft.com/content/7c803eab-8e80-4431-9a87-e943bf0…) (FT)

•
Nvidia promises to financially backstop young cloud providers like Firmus that rent out its AI chips, in exchange for a revenue share through a new program (theinformation.com/articles/nvidia-says-will-t…) (The Information)

•
Sources: SpaceX showed investors a handset-like device prototype with AI tech from xAI, a proprietary OS, a Snapdragon chip, and a design slimmer than an iPhone (wsj.com/tech/ai/spacex-showed-investors-protot…) (WSJ)

•
Sources: Apple has told suppliers to prepare to produce ~10M foldable iPhones in 2026, up from 7M to 8M previously, and 80M iPhones in total across new models (asia.nikkei.com/business/technology/apple-to-l…) (Nikkei Asia)

•
Apple reportedly orders 10M foldable iPhone Ultra models, which could sell for around $2500 (9to5mac.com/2026/07/01/apple-reportedly-orders…) (9to5Mac)

•
Sources: Apple is in negotiations to buy chips from CXMT and YMTC, two Chinese semiconductor makers on a Pentagon blacklist, for use in devices sold in China (bloomberg.com/news/articles/2026-07-01/apple-s…) (Bloomberg)

•
Z.ai launches ZCode, an "Agentic Development Environment" optimized for its new GLM-5.2 model; Z.ai's GLM Coding Plan costs from $16.20 to $144 per month (venturebeat.com/technology/z-ai-launches-zcode…) (VentureBeat)

Subscribe to the ad-free feed. (tech.supercast.com)