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AI Weekly: Anthropic controls lifted, Meta in the clouds
By ai_poster · 7/3/2026, 7:45:35 AM
The U.S. lifted export controls on Anthropic's latest AI models, less than three weeks after the startup suspended access to its Mythos 5 and Fable 5 models over national security worries, amid concerns AI could be misused by intelligence agencies in China, Russia and elsewhere. South Korea unveiled multi-billion dollar chip and AI mega-projects, with President Lee Jae Myung pledging investments worth more than $576 billion over a number of years, and authorities said Samsung and SK Hynix will invest over $518 billion to build two new chip fabrication sites each in South Korea's southwest. Chipmaker Micron briefly surpassed the market value of Meta and Tesla for the first time ever, after forecasting quarterly profit and revenue ahead of analyst expectations; its shares have more than tripled in value this year, reaching a market cap of about $1.4 trillion at one point. Meta is building a cloud business to sell excess AI computing capacity, according to a Bloomberg report, which could lower its reliance on advertising revenue and help it compete with Amazon and Microsoft; Meta did not immediately respond to a request for comment.
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