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Report: US Administration Approves $9B Nvidia Chip Intelligence Agency Deal – DTH

DTH-6-150x150Activision Blizzard shareholders agree to $250 million ​“Call of Duty” settlement. Quantum computing stocks gain momentum, Google appeals federal ruling over monopolized online search.

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Show Notes

US intelligence agencies quietly getting a massive AI upgrade

The New York Times reports the US administration approved a classified $9 billion request to help intelligence agencies buy advanced Nvidia chips and build the infrastructure needed to run frontier AI systems on secure networks. Sources say the CIA and NSA have struggled to deploy newer AI models because their classified cloud systems lack the computing power, cooling, and modern data centers needed for Nvidia’s Grace Blackwell hardware. The administration is also reportedly shifting another $800 million toward faster AI infrastructure upgrades while allowing the NSA to continue using Anthropic models under a classified contract that bars use on Americans’ data.

Source: The New York Times

Activision shareholders settle Microsoft acquisition lawsuit

Activision Blizzard shareholders agreed to a $250 million settlement tied to claims that Microsoft and former Activision executives underpaid shareholders during Microsoft’s $75.4 billion acquisition of the company in 2023. The lawsuit, filed in Delaware state court, centered on allegations that executives pushed the deal through at an unfair valuation.

Source: Reuters

Quantum stocks jump after US announces $2 billion funding push

Quantum computing stocks rallied after the US government unveiled plans to provide $2 billion in grants and take minority stakes in nine quantum-related companies through CHIPS Act funding. IBM is set to receive the largest award, with $1 billion earmarked for a US-based quantum wafer foundry through a new company called Anderon, while D-Wave, Rigetti, and PsiQuantum are also expected to receive funding. The Commerce Department says quantum computing is both an economic and national security priority, and IBM estimates the industry could generate as much as $850 billion by 2040.

Source: CNBC

Microsoft marketing chief Yusuf Mehdi plans exit after 35 years

Microsoft consumer chief marketing officer Yusuf Mehdi plans to leave the company next June after a 35-year run that included launches spanning Windows 3.1, Internet Explorer, Bing, Xbox, Surface, and Microsoft Copilot. Mehdi says he’ll help guide succession planning, prepare Windows for the “agentic” AI era, and continue efforts to grow Microsoft 365 consumer subscriptions toward 100 million users before departing.

Source: GeekWire

Google appeals search monopoly ruling

Google has appealed the federal ruling that found the company illegally monopolized online search, arguing it won distribution deals and users “fair and square” rather than through anticompetitive behavior. The company is also challenging the remedies order that would require it to share certain search data with rivals, including AI companies, saying the court overstepped and that many generative AI firms didn’t even exist during the conduct at issue.

Source: The Verge

Google Search bug briefly treated simple words like AI prompts

Google’s redesigned AI-heavy Search experience briefly broke results for simple searches like “disregard,” “pause,” and “ignore,” with AI Overviews seemingly interpreting the words as prompt instructions instead of search queries. The issue pushed standard links and dictionary definitions far down the page. Google told MacRumors the bug was unrelated to its I/O announcements and tied specifically to AI Overviews. The issue now appears fixed.

Source: TechCrunch

Meta’s new Forum app rattles Reddit investors

A new Meta test app called Forum has some Reddit investors worried after analysts at Truist described it as a direct attempt to compete with Reddit-style online discussions. The iOS-only test app currently exists within Facebook Groups, reviving an idea Meta previously explored with a standalone Groups app that shut down in 2017.

Source: CNBC

Apple asks Supreme Court to narrow Epic Games ruling

Apple is asking the US Supreme Court to limit the broader impact of its long-running App Store fight with Epic Games, arguing the case should not reshape App Store payment rules for all developers. Apple is also challenging a contempt ruling tied to its 27% commission on purchases made through external payment links, while Epic says Apple is continuing to delay broader payment competition on iOS.

Source: TechCrunch

Bungie ending active Destiny 2 development next month

Bungie says it will end active development of Destiny 2 on June 9 after nearly nine years, releasing a final update called “Monument of Triumph” designed to improve the experience for returning players. The studio says Destiny 2 servers will remain online indefinitely, with the final update restoring older UI elements, adding a permanent Pantheon mode, and refreshing raid and dungeon gear systems.

Source: Engadget

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