G7 Summit Features AI Leaders Amid Export Controls and Record IPOs

by Kim Seong Hyeon Posted : June 16, 2026, 08:12Updated : June 16, 2026, 08:12
Photo by Yonhap News
[Photo by Yonhap News]


AI CEOs Attend G7 Summit to Discuss Governance
 
Sam Altman of OpenAI, Demis Hassabis of Google DeepMind, and Dario Amodei of Anthropic are attending the G7 summit in Évian-les-Bains, France, from June 15. This marks the first time leaders from the three major AI companies have appeared together at the G7. Altman is attending at the personal invitation of French President Emmanuel Macron. OpenAI expects to reach voluntary agreements on AI infrastructure, frontier AI risks in cyber and biological fields, and youth safety during the summit. President Macron is actively working to position France as a hub for AI by attracting global tech giants.
 
Anthropic Negotiates Export Control Dispute with U.S. Government
 
On June 16, Anthropic's senior technical team met with officials from the Trump administration in Washington, D.C., to negotiate the lifting of restrictions on access to its AI models. On June 12, the U.S. Department of Commerce issued export control guidelines that completely barred foreign access to its latest models, Mythos5 and Fable5. The situation arose after Amazon researchers discovered a vulnerability while testing the models, which allowed them to extract restricted information related to cyberattacks. Amazon CEO Andy Jassy reported this issue directly to the White House. The White House has also indicated that unauthorized access by entities linked to China was a factor in the control order.
 
Anthropic has expressed strong opposition, stating, "If this standard is maintained, the launch of new frontier models across the industry will be virtually impossible."
 
SpaceX Achieves Record $75 Billion IPO as AI Infrastructure Company
 
On June 12, SpaceX raised $75 billion through an initial public offering (IPO) on Nasdaq, selling 555 million shares at $135 each, setting a record for the largest IPO in history. On its first day of trading, the company's market capitalization surpassed $2 trillion, placing it alongside Apple, Microsoft, and Nvidia. Anthropic has signed contracts to lease AI computing from SpaceX's xAI data center for $1.25 billion per month, while Google has a contract for $920 million per month. SpaceX acquired the Grok AI model and Colossus data center through its purchase of xAI in February and plans to use IPO funds to expand its satellite capabilities, increase launch capacity, and build orbital AI computing infrastructure.
 
Tech Industry Cuts 142,000 Jobs in 2026 Amid Increased AI Investment
 
As of 2026, the tech industry has seen cumulative job cuts totaling 142,000. Even profitable large companies are reducing their workforce to fund investments in AI infrastructure. Following a strong earnings report, Oracle laid off 10,000 employees and immediately allocated billions of dollars for AI data center expansion. Analysts at TD Cowen estimate that this workforce reduction could generate $8 billion to $10 billion in excess cash flow, which will be directed toward GPU purchases and infrastructure development. In contrast, OpenAI is bucking the trend by establishing a $40 billion enterprise deployment division and hiring hundreds of on-site engineers.



* This article has been translated by AI.