📋 Quick Takeaways

• Apple selects Google Gemini to power next-generation Siri and Apple Intelligence in multi-year $1B annual partnership
• Alphabet becomes 4th company to reach $4 trillion market cap, surpassing Apple as 2nd most valuable company
• Malaysia and Indonesia become first countries to block Grok AI over non-consensual deepfake concerns
• UK Ofcom launches formal investigation into X/Grok with potential fines up to 10% of global revenue or platform ban
• xAI closes $20 billion Series E from NVIDIA, Cisco, Qatar Investment Authority despite Grok controversy
• MSD (Merck) in talks for potential $28-32B acquisition of Revolution Medicines in pharma’s biggest deal since 2023
• $3 trillion investment needed for AI data center infrastructure through 2030

🍎 Apple-Google Partnership Reshapes AI Landscape

Apple Selects Google Gemini to Power Next-Generation Siri

Historic Partnership: Apple and Google announced a multi-year collaboration where Google’s Gemini AI models and cloud technology will power the next generation of Apple Foundation Models, including a major Siri upgrade expected later this year.