Consumer Tech News (June 1-3): AI Demand Surge Prompts Big Earnings Beat, AI Can Steal Jobs & More

The  Donald Trump  administration is reportedly exploring whether the U.S. government should take ownership stakes in leading artificial intelligence companies, a move that comes days after Sen.  Bernie Sanders  (I-Vt.) unveiled  a proposal calling for public ownership  of major AI firms. Sen.  Elizabeth Warren (D-Mass.) has invited  Nvidia Corp   (NASDAQ: NVDA ) CEO  Jensen Huang  t o testify before the Senate Banking Committee next week. Former Vice President  Mike Pence  said artificial intelligence (AI) policy should balance limited government oversight with strong free-market competition to ensure U.S. leadership in emerging technology. Canadian Prime Minister  Mark Carney has put a stop to a regulation that would have required U.S. streaming services such as  Netflix Inc.  (NASDAQ: NFLX ),  Amazon.com ‘s  (NASDAQ: AMZN ) Prime and  The Walt Disney Company ‘s  (NYSE: DIS ) Disney+ to invest billions in Canadian television. Software & Technology Microsoft  (NASDAQ: MSFT ) has accelerated its quantum computing ambitions, announcing plans to deliver a commercially useful, scalable quantum computer by 2029 . ServiceTitan, Inc.   (NASDAQ: TTAN ) announced its fiscal first-quarter 2027 financial results, highlighting strong  customer performance and growth initiatives . Palo Alto Networks Inc.   (NASDAQ: PANW ) reported fiscal  third-quarter 2026 results , beating Wall Street expectations on revenue and earnings while raising its full-year outlook. Solidion Technology Inc.  (NASDAQ: STI ) announced its patented Generation Extreme-Climate Battery (Gen-ECB) platform . Samsara Inc.   (NYSE: IOT ) reported adjusted earnings of 17 cents per share, beating analyst estimates  of 13 cents . Revenue climbed