June 2026 AI News Roundup: G7 looks at AI model access as OpenAI costs, China rivalry grow

G7 leaders have talked about a proposal to let certain "trusted partners" access top U.S. artificial intelligence models, three diplomatic sources told Reuters. This comes after the U.S. directed Anthropic to restrict foreign nationals from its strongest AI systems. The issue has now landed at the center of allied security and industrial policy talks. AI models are software systems that generate text, code, or other output.

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Dow Jones Falls as Bond Yields Signal Trouble for Bulls

Dow Drops 582 Points as Oil Trades Near $100

Dow Jones dropped 581.84 points, or 1.13%, ending after hours at 50,725.95 on Wednesday, early figures showed. Wall Street pulled back from earlier highs as worries about the Middle East came up again. The S&P 500 lost 0.74% to 7,555.67. Nasdaq Composite fell 0.85% to 26,862.93, with tech and financial names weaker, though chips held up. Ross Mayfield at Baird said AI stocks are “trading on their own completely separate world.” Bill Northey of U.S. Bank Wealth Management tied inflation wagers to how long the Strait of Hormuz remains closed.
Rigetti Computing Stock Jumps Before RGTI Earnings as Quantum Revenue Test Hits Tonight

Rigetti Stock Climbs Before the Bell as IBM’s $10 Billion Quantum Push Reignites a Wild Rally

Rigetti Computing rose in early premarket trading on Friday, extending a sharp quantum-stock rally after IBM laid out a $10 billion investment plan for the sector and U.S. funding remained the main catalyst for smaller names. Rigetti closed Thursday at $27.03, up 9.79%, and was quoted at $27.34 at 5:52 a.m. EDT in premarket trading, the period before the regular exchange session.
GlobalFoundries Stock Jumps on $375 Million Quantum Deal as U.S. Takes Stake in GFS

GlobalFoundries Stock Jumps on $375 Million Quantum Deal as U.S. Takes Stake in GFS

GlobalFoundries Inc. heads into Friday’s U.S. session with its stock back in the center of the quantum trade, after GFS closed Thursday at $81.35, up about 15%, on news that the Commerce Department plans a $375 million award and a roughly 1% government stake in the contract chipmaker. The shares traded 11.0 million times, more than triple Wednesday’s volume, company price data showed.
US Stock Market Today: Nasdaq Futures Ride Intel Rally as Oil Shock Keeps Dow Under Pressure

US Stock Market Today: Nasdaq Futures Ride Intel Rally as Oil Shock Keeps Dow Under Pressure

Stock-index futures in the U.S. showed a mixed picture before the opening bell Friday. Nasdaq futures jumped, buoyed by Intel, while Dow futures edged lower as oil prices climbed amid deadlocked U.S.-Iran peace talks. At 03:21 ET, Dow futures lost 58 points. S&P 500 futures gained 10, and Nasdaq 100 futures surged 172 points, according to Investing.com.
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