Welcome to the latest edition of the AI Update, where we continue to track the major developments in artificial intelligence and their implications for identity security and cybersecurity more broadly.
The White House abruptly cancelled a planned ceremony for an expected Executive Order on AI safety, just hours before it was supposed to start. The EO was supposed to establish a voluntary framework for AI companies to share their frontier models with the government ahead of release, but there are signs that there was an internal split in the White House over whether the EO was simply an act of burdensome regulation. For his part, President Donald Trump said, “I think it gets in the way of — you know, we’re leading China, we’re leading everybody, and I didn’t want to do anything to get in the way of that lead.”
Google announced plans to take another crack at smart glasses at its annual I/O developer conference this week, despite the failure of its “Google Glass” wearables effort a decade ago. In so doing, it’s teaming up with Samsung, Warby Parker, and Gentle Monster. The planned first wave of smart glasses will function primarily through an audio interface, allowing the user to query their device’s AI system in a hands-free way. Later on, Google plans to release glasses with an in-lens display system. It isn’t yet clear whether Google will follow Meta’s lead in terms of planning to integrate facial recognition in the glasses.
SpaceX has officially filed for an IPO, and rivals OpenAI and Anthropic are thought to be preparing their own imminent filings, too. SpaceX acquired xAI – Elon Musk’s artificial intelligence startup – earlier this year, and also includes the X social media platform and the Starlink satellite internet business in its portfolio. All told, it’s aiming for a valuation of about $1.75 trillion, with a possible listing as early as June 12. And the S-1 filing explicitly outlines the company’s plans to get compute into orbit.
Meta is investigating an alleged deepfake video of a Scottish politician after a complaint was brought to its Oversight Board. The investigation concerns a video posted on Facebook last November that seemed to show a Labour Party councillor making offensive comments about refugees and sexual assault. The video was not labelled as having AI-generated content and was not automatically flagged as a violation of Meta’s rules because it depicted an adult public figure – a class of individuals that is not protected from “unwanted manipulated imagery” by default, though private individuals can report harmful content and ask for it to be taken down.
Nvidia reported an 85 percent jump in its Q1 revenue, year-over-year, which reached $81.6 billion. Data center revenue came in at $75.2 billion, up 92 percent. The results confirm that hyperscaler and enterprise AI-infrastructure spending is still accelerating, especially around Blackwell systems and networking. “The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” said CEO Jensen Huang. But that’s not good enough for today’s frothy stock market, with Nvidia’s stock slipping in the days following the May 20 earnings announcement.
A French consortium is bidding for €10 billion in funding for data center construction projects through the European Union’s AI infrastructure fund. Dubbed “AION”, the consortium includes Capgemini, Orange, Iliad/Scaleway, Ardian, EDF, Artefact, and Bull. The effort could help to revive Europe’s standing in the global AI race, especially after a much more modest AI investment announced by French President Emmanuel Macron resulted in him being called a “clown”.
The chatbot’s take: This is not investment advice.
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By Alex Perala
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