The Biden administration unveiled a $504 million funding plan to strengthen 12 regional tech hubs across the United States.
California lawmakers are set to vote on a bill that would impose strict security rules on artificial intelligence companies. The bill is fiercely opposed by tech giants, including Meta Platforms Inc. META And Alphabet Inc 
GOOGLE.
Games
Epic Games is moving forward with its plans to relaunch “Fortnite” on its own iPhone app store for EU users by submitting the Epic Games Store and the updated Fortnite app to Apple for notarization.
Sega Sammy Holdings Inc 
SGAMYrenowned for its iconic gaming franchises, recently unveiled revolutionary plans for the future of Crazy Taxi and other beloved series.
Capcom ADR 
CCOEY has officially confirmed that development on “Resident Evil 9” is underway.
Microsoft Corp. 
MSFT Xbox Game Pass Subscribers are treated to an exciting lineup, with first-wave offerings spanning diverse genres and platforms.
Xbox Game Pass Subscribers are treated to an exciting lineup, with first-wave offerings spanning diverse genres and platforms.
Read: Why some games run better on PS5 despite Xbox Series X’s power advantage, according to experts
Smartphones
The deadline for Apple Inc. 
AAPL iPhone 7 and iPhone 7 Plus users are seeking a share of a $35 million settlement fund established after a class action lawsuit over audio issues was extended.
Despite initial discussions in March, Apple reportedly declined Meta-platforms proposal to integrate its AI chatbot, Llama, into the iPhone.
Related: Apple’s AI Initiatives Impress Analysts, Meta Eyes Apple Intelligence, Arm Holdings CEO on Rapid AI Growth, and More: This Week in AI
Apples closest rival in the smartwatch field, Samsung Electronicsunveiled its new Exynos W1000 chipset that can help the next generation Galaxy Watch last twice as long as the Apple Watch Series 9.
Apple is set to be given an observer role on the board of directors ChatGPT-parent OpenAIcorresponding to the position of Microsoft.
Technology
THE European Union (EU) reportedly preparing to charge Meta-platforms with a violation of its digital regulations.
South Korea SK Groupthe parent company of Nvidia Companies 
NVDA chip supplier SK Hynixannounced plans to raise 80 trillion won ($56 billion) by 2026. The funds will be primarily used for investments in artificial intelligence (AI) and semiconductors.
Elon Musk
Tesla, Inc. 
TSLA And SpaceX CEO Elon Musk reacted to an old video of the AI ”Godfather” Geoffrey Hinton that artificial intelligence has passed the Turing test.
Elon Musk shared an overview of the resources invested in the development of its AI chatbot, GrokMusk recently revealed that the next version of his AI chatbot, Grok 3, will be trained on 100,000 Nvidia H100 chips.
Read also: Palantir’s Peter Thiel says it’s ‘very strange’ that most of the money in AI is being made by one company: ‘…that Silicon Valley doesn’t even know much about anymore’
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