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AI & Enterprise
Token-maxing backlash fuels debate over corporate AI spending without results
Corporate executives are starting to question whether sharply higher AI spending is producing real results, Axios reported on May 28. The report said Microsoft cancelled most Claude Code licences, while Uber’s chief operating officer said AI costs are increasingly hard to justify. CloudBees CEO Anuj Kapur said job cuts may be the only way to offset AI costs. Others cited token-maxing, unclear use cases, costs, people and data as key obstacles.
AI & Enterprise
Microsoft AI chief says China-style distillation-based open-source models have limits, builds own AI without distillation
Microsoft AI chief Mustafa Suleyman criticised the limits of Chinese open-source AI models such as DeepSeek, saying distillation-based approaches lead to a dead end. He described distillation as stuffing other people's knowledge into a model and said it can work for task-specific small models but falls behind frontier models in general use. He also said frontier developers do not release the large datasets used for training, making priorities hard to assess.
Mobility
GM unveils mid-size electric off-roader concept Hummer X
General Motors has unveiled the GMC Hummer X, a mid-size electric off-road concept presented in SUV and pickup forms. Electrek reported the vehicle is not intended for mass production and serves as a platform to test new GM technologies. GM highlighted a low centre of gravity, instant acceleration and off-road hardware. The concept was designed in Pasadena, California, and includes a Hummer Hub app suite and a reconnaissance drone.
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AI & Enterprise
Shift offers free cleaning to collect household chore video data
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AI & Enterprise
Apple on-device AI strategy faces test ahead of WWDC
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Games & Commerce
Indie game Starvester launches on Steam
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AI & Enterprise
Microsoft to unveil in-house AI models for coding, reasoning and images at Build conference
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Crypto
Whales accumulate Worldcoin, Zcash and Uniswap ahead of June
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Crypto
Bitcoin June 2026 price outlook: Will institutional outflows signal a sharp drop?
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AI & Enterprise
MSIT discusses global AI issues at G7 digital ministers meeting
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Crypto
Bitcoin slides in downturn as retail investors opt for spot buying and long bets
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Crypto
CZ warns most AI companies will fail as Anthropic and OpenAI valuations soar
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Crypto
Bitcoin long-term holdings hit record high, market warns of lack of new demand
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Finance
Samsung Electronics opens 2,000 trillion won market cap era, closes in on bitcoin
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Crypto
Coinone becomes latest crypto exchange target in stake-buying race after Dunamu
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Finance
KB Kookmin Bank introduces electronic braille service to internet banking
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People & Company News
iM Financial marks 15th anniversary with expanded inclusive finance, May coexistence campaign
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Sports
Shinhan Bank to open KBO All-Star Game fan voting on June 1