The AI industry witnessed significant advancements as the US removed export limitations on Anthropic’s Claude Fable 5 and Mythos 5 models, resolving an 18-day standoff. Additionally, Anthropic broadened its reach into scientific research and drug discovery with Claude Science. Enhanced AI spending led to record quarterly growth for Palo Alto Networks and CrowdStrike, while Micron, Intel, and AMD collectively increased their market value by approximately $2 trillion. AWS introduced a $1 billion AI engineering initiative, and US President Donald Trump revealed $1.4 billion in cryptocurrency earnings.
First Published: Jul 1, 2026 9:42 AM IST