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Time:2026-06-17T05:23:09Z

SpaceX's blockbuster IPO has triggered a market rally, vaulting its valuation past Microsoft and Amazon. China's AI sector continues to accelerate, outpacing global rivals in capability while launching a World AI Cooperation Organization. Smart glasses technology sees major breakthroughs with new chipsets and HDR displays. Legal battles surround Elon Musk's xAI over trade secrets, environmental lawsuits, and national security arguments. UK teens offer nuanced views on social media risks and benefits as the country debates an under-16s ban.

UK teens say social media has risks and opportunities

UK teens say social media has risks and opportunitiesBritish teenagers acknowledge the dangers of social media but emphasize the opportunities it provides for connection and self-expression. The UK government is considering banning social media for under-16s, raising five major questions about implementation and effectiveness. Critics also note that algorithmic feeds now prioritize viral trends over authentic peer connections.

China's AI accelerates globally but faces trust gap

China's AI accelerates globally but faces trust gapA London-based consultancy survey finds that over 90% of respondents believe AI will transform the world, though trust in Chinese AI lags behind its technical progress. A fierce price war is deepening among Chinese AI providers as model capabilities converge. China is pushing ahead with world models that simulate physical reality to drive embodied intelligence, and has accelerated the establishment of a World AI Cooperation Organization.

Smart glasses leap forward with HDR and new chips

Smart glasses leap forward with HDR and new chipsZDNet tested the world's first HDR10 smart glasses, calling them a significant step forward for wearable displays. BBC testing of AI glasses in Paris revealed persistent accuracy issues in real-world use. Qualcomm unveiled a flagship XR processor and a new software framework specifically designed for AI-powered smart glasses, signaling major industry investment.

Musk's xAI faces legal setbacks and lawsuits

Musk's xAI faces legal setbacks and lawsuitsA US judge dismissed xAI's trade secret lawsuit against OpenAI, ruling that Elon Musk's company failed to prove an ex-engineer stole proprietary information. Separately, the Trump administration is trying to block a Clean Air Act lawsuit over xAI's gas turbines. DOJ lawyers have argued that xAI is vital for national security in response to an NAACP lawsuit.

SpaceX IPO sparks market frenzy and acquisition spree

SpaceX IPO sparks market frenzy and acquisition spreeSpaceX's IPO has sent shockwaves through financial markets, with its market capitalization surpassing both Microsoft and Amazon. The rally also lifted Chinese A-share aerospace stocks. SpaceX announced a $60 billion all-stock acquisition of Cursor, signaling aggressive expansion beyond its core launch business.