The AI industry saw major developments across software, chips and robotics. Anthropic alleged Alibaba’s Qwen Lab attempted to copy Claude through a large-scale distillation campaign, though Alibaba has not responded. OpenAI introduced its first custom AI chip with Broadcom, Qualcomm acquired AI startup Modular, Micron delivered strong earnings and guidance, SK Hynix announced a $29 billion Nasdaq ADR listing, and Agility Robotics revealed plans to go public through a SPAC merger.
First Published: Jun 25, 2026 9:15 AM ist
