Nvidia reports Q1 revenue up 85% YoY to $81.6B, Data Center revenue up 92% to $75.2B, and announces an $80B additional share repurchase authorization (Nvidia Newsroom)

Sources: Meta decided to support KOSA after it was packaged with language preempting state AI laws and a bill requiring app stores to verify users' ages (Politico)

Kapwing: in tests, ~60% of the first 500 TikTok For You videos shown to a new account were AI slop, ~3x the slop shown to a new YouTube user via YouTube Shorts (Matt G. Southern/Search Engine Journal)

Illinois Gov. JB Pritzker signs a state budget with new taxes on social media giants, digital ads, and prediction and crypto markets, all likely facing lawsuits (Mitchell Armentrout/Chicago Sun Times)

Meta says Threads now has 500M MAUs, adds a "Your Algo" tool that lets users control what they see in their feed, and brings Communities out of beta (Aisha Malik/TechCrunch)

Italy's competition regulator opens a probe into Apple under the DMA over the interoperability of iOS and iPadOS with alternative cloud services (Cristina Carlevaro/Reuters)

Anthropic says its senior leaders met Trump admin officials on June 15, but no resolution was reached and both sides are working to resolve things quickly (Leo Schwartz/The Information)