AI News for June 4, 2026 — 7min.ai

[RESEARCH] Google releases Gemma 4 12B, multimodal model that runs on 16GB laptops: Google DeepMind released Gemma 4 12B, an 11.95B-parameter open-weights model under Apache 2.0 that runs locally on consumer laptops with just 16GB of RAM or unified memory.
[NEWS] SpaceX files to raise $75B in record IPO at $1.77T valuation: SpaceX filed to raise $75 billion at $135 per share, setting up the largest IPO in history at a $1.77 trillion valuation.
[NEWS] UK CMA orders Google to let publishers opt out of AI Overviews, bars penalties for doing so: The UK's Competition and Markets Authority issued a world-first conduct order requiring Google to give publishers an opt-out from having their content used in AI-generated search features including AI Overviews, AI Mode, and AI Overviews in Discover.
[NEWS] DeepSeek nears $7.4B raise at $60B valuation in first-ever funding round: Chinese AI startup DeepSeek is finalizing its first external fundraise, securing roughly 50 billion yuan ($7.4B) at a valuation just under $60B, with Tencent and battery maker CATL among the backers.
[NEWS] Trump signs AI executive order requiring 30-day model review window: President Trump signed a watered-down AI executive order requiring AI companies to give the government 30 days to vet new frontier models before release, down from 90 days in an earlier draft he canceled.
[NEWS] Broadcom's $56B AI chip forecast disappoints, stock drops 12%: Broadcom guided to $56B in AI chip revenue for the fiscal year ending in October, below the $57.6B analyst consensus, and reported weak software sales in Q2.
[NEWS] Alphabet upsizes equity raise to $85B after $45B first tranche oversubscribed: Alphabet upsized its equity offering to $84.75B from the $80B announced two days earlier, after the first tranche of $40B was oversubscribed and raised $45B instead.
[NEWS] EU proposes "kill switch" rules to block foreign disruption of vital tech: The European Commission unveiled sweeping technology sovereignty proposals designed to ensure no foreign government can disrupt cloud, AI, or semiconductor services across Europe.
[TOOLS] GitHub Copilot switches to token-based billing, power users face shock overage bills: GitHub Copilot moved from a flat request-based pricing model to token-usage billing on June 1.
[TOOLS] Meta launches Business Agent globally for WhatsApp and Instagram: Meta made its Business Agent generally available worldwide on WhatsApp after nearly two years of testing in India and Mexico.

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