Here's your afternoon TNB Tech Minute for Wednesday, June 17th. I'm Julie Chang for the Wall Street Journal.

President Trump said negotiations with anthropic over restoring access to the company's latest AI

models were, quote, going fine. Trump's comments came at a group of Seven Summit in France,

where some world leaders were concerned about

losing access to top American AI tools. The administration banned foreign use of two

anthropic models last week, fueling concerns about fair access to AI tech and global coordination.

The company shut off access to the models for all users on Friday. Today's meetings follows months of

tensions over access to Anthropics' mythos model, which is capable of carrying out cyberattacks

and fueled global concerns about AI risks. Both Goldman Sachs and Morgan Stanley are expected

to play major roles in Open AIs and Anthropics' initial public offerings this fall, but not the same

individual bankers. People familiar with the matter say the banks are forming distinct teams to

ensure no information is shared between the rivals. Chief among the considerations for bankers

signing on to help either Open A.I. or Anthropic are client relationships, the people said.

And a group of mostly tech companies are committing $915 million to buy carbon removal credits.

That's despite worries over dwindling venture capital funding and government support,

particularly in the U.S. The new commitment comes through

Buying Group Frontier, which includes Stripe, Google, Salesforce, and Anthropic. And it comes on top

of a previous $1 billion it pledged to buy removal credits backing technologies that take carbon

out of the atmosphere, like direct air capture, enhanced rock weathering, and bioenergy production. Frontier said

this new tranche aims to be more focused on tech, it believes it can scale faster. And that's your

TNB Tech Minutes. Check back in the morning for another quick tech update.