[7/2 06:00] OpenAI proposes giving US government a 5% stake (FT report) / Amazon designing its own AI chips for Echo, Fire TV and future devices

AI News Flash for July 02, 2026 at 06:00 UTC. Topics: 1. OpenAI proposes giving US government a 5% stake (FT report) https://www.cnbc.com/2026/07/02/openai-proposes-us-government-own-5percent-stake-to-address-political-blowback.html 2. Amazon designing its own AI chips for Echo, Fire TV and future devices https://www.cnbc.com/2026/07/02/amazon-ai-chips-devices.html 3. Indian tech tycoon bets $30M of his own money on AI alternative to Microsoft Office https://techcrunch.com/2026/07/01/indian-tech-tycoon-bets-30m-to-build-an-ai-alternative-to-microsoft-office/ 4. Wix-owned Base44 launches its own model Base1 to fight AI-slop designs https://www.businessinsider.com/base44-ceo-maor-shlomo-built-llm-combat-ai-slop-design-2026-7