The day in tech.

The June sponsors-only newsletter is out, covering accidental cyberattacks by OpenAI and Anthropic models under test, including GPT-5.6 Sol, Terra, Luna, Claude Opus 5, Kimi K3, and DeepSeek-V4-Flash-0731. It also includes open letters, a fireside chat, and a podcast. Sponsors pay $10/month for early access.

Shelbit, an unlicensed Dubai crypto exchange run by Iranian expatriate Siavash Kayvanpour, allegedly moved hundreds of millions of dollars for Iran's central bank and sanctioned entities. A Dubai-based illegal gambling network with over 2,000 platforms channeled millions through Shelbit, which investigators say appears closely tied to Iran's Islamic Revolutionary Guard Corps.

DeepSeek released V4-Flash, a small and affordable AI model. The launch aims to make advanced AI capabilities more accessible. The model targets developers seeking cost-effective performance. DeepSeek positions V4-Flash as a practical option in its lineup.

Apple faces challenges keeping pace with AI bug hunters. The company's security response lags as researchers identify vulnerabilities in its artificial intelligence systems. Apple must accelerate fixes to protect users from emerging threats.

Indeed reports AI is creating a two-speed jobs market in the UK, with demand for AI skills surging while other roles stagnate. The shift is reshaping hiring patterns across British industries, according to the job site's data.

AI stocks rebounded as Asian markets recovered on renewed buying interest. The rally followed a period of selling, with investors returning to artificial intelligence-related equities. The rebound signals renewed confidence in the sector after recent volatility.

The Wall Street Journal reports a race to build an American alternative to cheap AI from China. Companies are working to develop domestic options that can compete on cost and capability. The effort targets the growing demand for affordable artificial intelligence models and services.

Google rolled back its AI-powered Google Earth image generator worldwide less than 24 hours after launch, following demonstrations that it could create misleading content like fictitious nuclear plants and refugee scenes. Generated images were watermarked but remained accessible on the web.

The 2028 iPhone is expected to refine the 2027 anniversary model's curved all-glass design, narrowing bezels via indium zinc oxide cathodes. It may achieve an uninterrupted display by moving Face ID and the front camera beneath the screen, plus solid-state haptic buttons.

Hedge fund Situational Awareness, founded in 2024 by former OpenAI employee Leopold Aschenbrenner, dropped 67% in an AI stock rout. The fund, which had grown hundreds of millions into tens of billions, sold most of its public holdings.