The biggest AI story this weekend isn't a model release — it's an executive order that never got signed. President Donald Trump scrapped a planned AI executive order at the last minute after direct calls from Elon Musk (xAI), Mark Zuckerberg (Meta), and David Sacks, Trump's former AI and crypto czar.
The order was modest: a voluntary mechanism for AI developers to submit advanced models for federal security review up to 90 days before public release. No licensing, no mandatory holds. But that was still too much. Trump told reporters he postponed it because "I didn't like certain aspects of it" and worried it "could have been a blocker" for America's lead over China.
Regulatory drift
The cancellation leaves the US without comprehensive AI legislation. What exists is a patchwork of executive orders, agency guidance, and voluntary agreements. The federal Center for AI Standards and Innovation continues evaluation agreements with Google DeepMind, Microsoft, and xAI — but there's no binding framework.
The contrast with China is sharp. Beijing's State Council included AI legislation in its 2026 work plan for the first time. The National People's Congress has listed AI bills for review for the third consecutive year. In April, China required AI companies to establish internal ethics review committees.
Nvidia opens a second front
While regulation stalls, the infrastructure race accelerates. Nvidia reported Q1 revenue of $81.62 billion on Wednesday — above the $78.86 billion analyst estimate — and guided Q2 at $91 billion. CEO Jensen Huang used the call to spotlight a new strategic bet: the Vera chip.
Vera is a CPU purpose-built for inference and agentic AI workloads, developed in part using technology from Groq in a deal reportedly worth $17 billion. Huang expects Vera to generate $20 billion in revenue by fiscal year-end and said it unlocks a $200 billion market outside Nvidia's existing GPU forecasts.
The catch: supply. "We'll be supply-constrained through the entire life of Vera Rubin," Huang said. Nvidia's supply commitments jumped to $119 billion, from $95.2 billion the previous quarter — signaling both confidence in demand and anxiety about a global memory chip crunch.
Anthropic: AI that finds 10,000 vulnerabilities
On the security front, Anthropic shared the first update on Project Glasswing, its initiative using Claude Mythos Preview to scan critical software. The results are striking: roughly 50 partners found over 10,000 high- or critical-severity vulnerabilities in one month.
Cloudflare found 2,000 bugs (400 high/critical) with a false positive rate its team considers better than human testers. Mozilla found 271 vulnerabilities in Firefox 150 — more than 10 times what it found in Firefox 148 with Claude Opus 4.6. The UK's AI Security Institute reported that Mythos Preview is the first model to solve both of its cyber ranges end to end.
Anthropic CEO Dario Amodei warned that the pace of discovery now exceeds the capacity to patch — a novel challenge for cybersecurity.
OpenAI expands to Singapore
OpenAI announced its first applied AI lab outside the US — in Singapore — backed by more than S$300 million (roughly $225 million). The lab will create over 200 technical roles and make Singapore a global hub for forward-deployed AI engineers.
Separately, Singapore updated its governance framework for agentic AI, incorporating feedback from 60+ organizations including AWS, Google, DBS, and Salesforce. The revised framework adds guidance on multi-agent system risks, third-party agents, automation bias, and human accountability, with more than 10 case studies from companies including Tencent, OCBC, and GovTech Singapore.
The bottom line
The picture coming into focus is clear: while US regulation stalls under industry pressure, the global AI infrastructure buildout accelerates. Nvidia opens a second front with Vera, Anthropic automates vulnerability discovery at unprecedented scale, OpenAI pushes into Asia, and China advances both legislation and infrastructure simultaneously. The biggest decision of the week came not from Congress or the courts — but from three phone calls.
