US PUSHES EU ON AI CHIP SUPPLY DEAL
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
The US has proposed a new AI partnership with the European Union aimed at securing chip supply chains. A draft one-page statement, however, lacks substantial details.
■ MORE FROM THE BIG TECH DESK
Amazon Web Services experienced a significant billing glitch that dramatically inflated customer invoices, with some bills skyrocketing from cents to billions of dollars. The error affected multiple customers before AWS identified and addressed the issue.
SpaceX is negotiating with the US Department of Defense to provide computing power, according to the Wall Street Journal. The potential contract would expand the company's infrastructure services beyond rockets and satellites.
Okta reported Q1 revenue of $765M, up 11% year-over-year and exceeding the $752M estimate. The identity security vendor attributed the outperformance to rising demand from companies building agentic AI systems.
China's rapid technological advancement is attracting international visitors to factories and AI startups seeking insights into emerging innovations. This new form of tourism reflects global interest in understanding China's tech sector.