‘Cleared for Takeoff’ – Truist Recommends Two Aerospace Stocks Ahead of Earnings
Source: Capinomy by ChatGPT
Truist analyst Michael Ciarmoli sees two small-to-mid cap aerospace stocks—Astronics Corporation (ATRO) and TAT Technologies (TATT)—as compelling buys entering the second-quarter earnings cycle. With commercial air travel bouncing back and U.S. defense budgets steady, both companies are poised to outperform in a strengthening semiconductor and aerospace spending environment.
Astronics (ATRO) specializes in cockpit lighting, electrical power systems, and aircraft connectivity. In Q1, the company posted revenue of $205.9 million—up 11% YoY—and booked a record backlog of $673 million, while maintaining a 2025 revenue guidance range of $820–860 million. Truist assigns a Buy rating and $49 price target, implying 40%+ upside if Boeing’s MAX production scales as expected.
TAT Technologies (TATT), with a smaller $420 million market cap, delivers thermal control systems, APUs, and landing gear programs. Its Q1 revenue rose 23% YoY to $42.1 million, beating estimates, and Truist projects another 22% QoQ growth in Q2 with expanding margins. TATT also earned a Strong Buy consensus, with a price target of $35—about 9% upside potential .
India Emerges as China Alternative in Smartphone Manufacturing
Source: Capinomy by Grok
India is rapidly positioning itself as a global center for smartphone manufacturing, aiming to challenge China’s dominance. Fueled by expanding production-linked incentive schemes, government-backed infrastructure investments, and corporate expansion by firms such as Foxconn and Tata Electronics, India’s electronics exports are surging. The country now contributes around 18% of global iPhone production, with plans to increase that to 32% by 2025.
Apple’s display module facility in Tamil Nadu and a new Tata plant also signal growing diversification away from Chinese supply chains.
However, India faces supply-side headwinds: informal trade restrictions imposed by China threaten to curb export goals, risking disruptions to momentum . And recently, Foxconn recalled over 300 Chinese engineers from its Indian iPhone plant—a move tied to export controls—which could slow operational ramp-up .
Read the full article on Mashable
Bitcoin Hits $123K on Institutional Inflows and Regulatory Optimism
Source: Capinomy by ChatGPT
Bitcoin surged to a new all-time high, briefly reaching $123,400, before settling near $122,000, driven by record-breaking institutional demand and massive ETF inflows. Notably, Strategy (formerly MicroStrategy) added 4,225 BTC (~$472.5M), lifting its total holdings to 601,550 coins. Spot Bitcoin ETFs drew a staggering $2.7B last week, laying a solid foundation for sustained momentum. The rally also aligns with “Crypto Week” in Congress, where the House is reviewing key legislation like the CLARITY Act, GENIUS Act, and stablecoin frameworks—a move that’s enhancing industry sentiment. Analysts highlight that this rally is increasingly institutional-led, with lower speculative leverage suggesting improved market stability and reduced volatility. Many see this as a sign of crypto evolving into a mainstream asset class.
Read the full analysis on Investopedia
Amazon Chief Warns AI Could Replace Jobs, Urges Upskilling
Source: Capinomy by Grok
At the India Today summit, Amazon CEO Andy Jassy warned artificial intelligence may displace human roles—from customer support to warehouse operations—stressing the importance of robust workforce reskilling programs. He noted that while automation boosts firm-level efficiency, it demands parallel public-private investment in training, education, and policy-driven reallocations. Jassy’s remarks echo broader Silicon Valley rhetoric around responsible AI adoption and industry accountability. As generative AI becomes more integrated into business workflows, the balance between technological advancement and job displacement is taking center stage among global stakeholders.
OpenAI Prepares AI-Powered Browser to Rival Chrome
Source: Capinomy by Grok
OpenAI is set to launch a new AI-powered web browser, built on Chromium and slated to arrive “in the coming weeks,” according to Reuters. This browser integrates a ChatGPT-style interface, keeping users within the AI ecosystem and enabling automated tasks like booking reservations or filling forms. With 400 million weekly ChatGPT users, OpenAI could challenge Chrome’s dominance—currently used by over two-thirds of global browsers—directly undercutting Google’s ad-based model. Additionally, Nvidia-backed Perplexity released its own AI browser called Comet, featuring local AI agents to compare products, summarize content, and execute tasks with privacy-focused data storage. The emergence of these AI-first browsers marks a pivotal shift in how we search, browse, and interact online.
Bitcoin Nears $110K on Institutional ETF Momentum
Source: Capinomy by ChatGPT
Bitcoin climbed to $109,300, edging toward $110,000, as institutional inflows into Bitcoin and Ethereum ETFs continued to climb. CoinDesk reports the surge stems from renewed risk appetite ahead of the U.S. jobs report — scheduled for release Thursday morning. ETF flows are adding bedrock resilience to the crypto market’s structure, even as macroeconomic uncertainty persists. While Bitcoin dominance has eased slightly, Ethereum and XRP showed strength. With no major breakout yet, analysts expect crypto to consolidate, looking for fresh triggers like macro data or legislative developments. This behavior signals a maturing market still heavily driven by institutional capital.
Read the full article on CoinDesk
June Jobs Report: Strength Masks Underlying Weakness
Source: Capinomy by ChatGPT
The U.S. labor market added 147,000 jobs in June, surpassing expectations of 110,000, while the unemployment rate dipped to 4.1%, signaling continued resilience in a post-pandemic slowdown. Government employment—particularly in education and healthcare—led gains, offsetting losses in federal and manufacturing sectors. Wages rose modestly (0.2% month-over-month, 3.7% annually), inching closer to the Federal Reserve’s 3.5% target range for price stability. However, the shrinking labor force suggests tighter job-market dynamics, partly driven by Trump administration immigration policies . Bond yields and the U.S. dollar climbed on the solid data, dimming hopes for near-term rate cuts. Despite headlines showing strength, concerns over discouraged workers and uneven private-sector hiring mean structural weaknesses persist beneath the surface.
Trump's “Big Beautiful Bill” Advances Through Congress
Source: Capinomy by ChatGPT
Senate Republicans narrowly passed President Trump’s sweeping “One Big Beautiful Bill” (OBBBA) with a 51–50 vote (Vice President Vance cast the tiebreaker), sending it to the House for final approval—possibly before July 4. The nearly 900-page legislation proposes to extend Trump-era tax cuts, create tax breaks for tips and overtime, raise the SALT deduction cap, and add $150B in military funding—while defunding Medicaid, SNAP, green-energy incentives, and implementing stricter work requirements. It allocates over $100 billion to ICE, including funds for 10,000 agents, detention centers, and border wall projects. The bill is expected to add $3.3 trillion to the federal deficit over a decade. Critics argue that it disproportionately benefits the wealthy while endangering healthcare access for millions. House Republicans are now maneuvering through internal divisions to pass the bill before the July 4 deadline.
Are Passwords Going Away? What You Need to Know About Passkeys
Source: Capinomy by ChatGPT
Passkeys are poised to replace traditional passwords by combining something you have (like your phone) with something you are (biometrics or a device PIN), giving you password-less access to apps and websites. Unlike passwords, passkeys rely on a pair of cryptographic keys: one public key stored by the service and a private key stored securely on your device. When logging in, your device unlocks this private key via biometrics or PIN to authenticate—without sending sensitive data over the internet. This makes passkeys immune to phishing, as there’s nothing for hackers to steal. Major providers—Google, Apple, Microsoft, Amazon, Facebook, and eBay—already support passkeys. If you have a modern smartphone or computer, you might be able to set them up today via “Account Settings” or the login prompt. They offer a safer, simpler, and faster way to access your accounts.
Bottom line: Passkeys are not just more secure—they’re more user-friendly, too.
Microsoft Retires Iconic Blue Screen of Death After 33 Years
Source: Capinomy by ChatGPT
Tech giant Microsoft has officially announced that the legendary Blue Screen of Death (BSOD)—a signal of catastrophic system failure—is being retired in favor of a clean, minimalist black screen in the upcoming Windows 11 24H2 update this summer. Originating in Windows NT in 1991 to indicate unrecoverable system crashes, the BSOD became a cultural icon—albeit infamous for its anxiety-inducing appearance and cryptic error codes. Though nostalgic for many users, the change aligns with Microsoft’s Windows Resiliency Initiative, designed to reduce system downtime and improve recovery. According to Microsoft’s David Weston, the black screen will deactivate faster—reducing restart delays to roughly two seconds for most users inc.com. The shift also reflects advances in diagnostic tools (like QR‑code scans and emojis added in previous updates) and addresses user confusion caused by inconsistent BSOD colors.
Which Investments Have the Least Liquidity?
Source: Capinomy by ChatGPT
Liquidity refers to how quickly you can sell an asset without significantly affecting its price. According to Cooke Wealth Management, several common investment types rank among the least liquid due to the time, costs, and market constraints involved.
Private equity & venture capital can lock up funds for years, with limited secondary markets.
Real estate requires months to sell and incurs agents’ commissions, inspections, and legal fees.
Fine art and collectibles depend on niche buyers and subjective valuations, making quick sales difficult.
Hedge funds & limited partnerships often impose lock-up periods and fees.
These illiquid assets can boost long-term returns but should be balanced with more liquid holdings—especially for emergency access. Proper planning ensures flexibility while capturing growth potential.
Full article on Cooke Wealth Management
White House Rallying Over 60 Firms to Advance AI Literacy Nationwide
Source: Capinomy by ChatGPT
In an unprecedented move, over 60 companies, nonprofits, and institutions have joined the White House’s “Pledge to America’s Youth” initiative, aiming to embed AI education into classrooms and teacher training. Headed by OSTP Director Michael Kratsios and supported by federal agencies, the initiative will deliver student-facing curricula, teacher modules, and hands-on tools—even in districts with limited connectivity. Participating firms include Microsoft, IBM, Coursera, and Khan Academy, who will share content and mentorship. This marks one of the most coordinated national efforts to prepare K–12 students for AI-driven job markets, emphasizing both safety and ethical considerations. Education experts applaud the move, but highlight the need for sustained funding and equitable reach across under-resourced areas.
U.S. Benchmarks Reach New Highs on Trade Optimism and Tech Strength
Source: Capinomy by ChatGPT
U.S. futures for the S&P 500, Nasdaq, and Dow Industrials rallied to fresh all-time highs early Monday, propelled by upbeat developments in global trade and strengthened earnings within the tech sector. Canada’s decision to withdraw its digital services tax from negotiation-level discussions softened tensions with the U.S., boosting investor sentiment. Meanwhile, several high-profile M&A deals advanced, reinforcing market momentum. Though indices rose 0.5–0.7% in pre-market trading, strategists caution key indicators—like upcoming inflation data and congressional gridlock—could trigger volatility later in the week. Nevertheless, market breadth remains strong, with small-cap stocks and cyclical sectors joining the upward trend.
EU Eyes Major AI Chip Gigafactories to Boost Tech Sovereignty
Source: Capinomy by ChatGPT
The European Commission has received a staggering 76 proposals from firms across 16 countries for its €20 billion AI chip “gigafactory” initiative. These four cutting-edge facilities are set to manufacture advanced AI processors, aiming to reduce Europe’s dependence on U.S. and Chinese tech. Member states and external partners alike are vying for site selection, signaling strong continental commitment to AI hardware independence. Officials plan to shortlist viable locations by year’s end, and begin construction in 2026. Industry analysts note that this bold move could reshape global chip supply chains, enhance R&D ecosystems in Europe, and open up thousands of high-tech jobs. It also aligns with the EU’s Chips Act ambitions, which prioritize strategic autonomy and security.
Google DeepMind Launches Gemini Robotics On‑Device Model
Source: Capinomy by Grok
Google DeepMind has unveiled Gemini Robotics On‑Device, a compact AI model capable of running directly on robots without internet access—akin to a “vision‑language‑action” (VLA) assistant embedded within the robot’s hardware. While maintaining near-parity with its cloud-dependent counterpart, this version supports tasks from zipping bags to folding clothes, adapting to new challenges with just 50–100 examples. Initially trained on DeepMind’s ALOHA robot, it has also proven effective on Apptronik’s Apollo humanoid and the Franka FR3 dual-arm robot. To encourage broader adoption, the company is releasing a developer SDK and access to trusted testers, enabling experimentation with on-device robotics and boosting autonomy, especially in low-connectivity or security-sensitive environments.
Read the full article on The Verge
Nvidia Hits Record High Amid AI Chip Export Optimism
Source: Capinomy by Grok
Nvidia’s stock surged to a record $154.31, gaining 4.3% despite concerns over U.S. chip export restrictions to China—restrictions expected to cost Nvidia $8 billion this quarter. Analyst enthusiasm is high: Loop Capital raised its price target to $250, citing a “Golden Wave” of AI adoption, while Bank of America calls sovereign AI and robotics multitrillion-dollar growth areas. Nvidia’s market capitalization now stands at approximately $3.76 trillion, surpassing Microsoft and reaffirming its status as the world’s most valuable public company. CEO Jensen Huang emphasized strong global demand and upcoming Blackwell Ultra chip launches slated to drive further growth. Wall Street projects Nvidia’s annual revenue will rise another 53%, approaching $200 billion.
Voyager Raises $382.8M in NYSE IPO
Credit: REUTERS/Brendan McDermid
Voyager Technologies, a Denver-based space and defense tech company, raised $382.8 million in its U.S. initial public offering by issuing approximately 12.35 million shares at $31 each—above its originally marketed range of $26–$29—according to Reuters. The IPO, listed under the ticker VOYG, values Voyager at around $1.6 billion and comes amid renewed appetite for space-sector IPOs. The company, which develops mission-critical technologies for NASA and defense agencies and is working on the commercial Starlab space station, was jointly underwritten by Morgan Stanley and JPMorgan. The listing signals growing investor interest in space infrastructure as government spending on defense and space ramp up.
Nasdaq-Listed Nano Labs to Spend $1Billion on Binance Coin
Source: Binance
Nasdaq-listed Nano Labs has unveiled plans to issue a $500 million convertible note, aiming to acquire $1 billion worth of Binance Coin (BNB)—equating to about 5–10% of the total supplywatcher.guru+2watcher.guru+2watcher.guru+2. The announcement has already propelled Nano Labs’ stock higher and sparked renewed investor interest in BNB. Currently, Binance Coin is up 3.4% in the past 24 hours and 12.1% since June 2024, though it has temporarily slowed amid broader crypto market volatilitywatcher.guru. While the company’s strategy underscores growing institutional backing for cryptocurrencies, its success will also depend on wider market conditions and macroeconomic stability.
Google Uses YouTube Videos to Train AI, Raising Creator Concerns
Google has acknowledged that it uses a portion of YouTube’s massive video library to train its AI models, including Gemini and the Veo 3 video generator. While YouTube’s terms of service grant Google broad rights to user-uploaded content, many creators and media companies were unaware their videos could be used in this way. Experts warn this practice could lead to intellectual property disputes, as AI-generated content may compete with or mimic original works. Google says it only uses a subset of videos and is committed to protecting creators’ rights, offering some tools to manage AI-generated likenesses. However, creators cannot opt out of having their content used for Google’s own AI training, though they can block third-party AI companies. Some creators are uneasy about the lack of transparency and compensation, while others see AI as an inevitable part of the platform’s evolution.
Trump Administration Launching Government AI Chatbot
A newly uncovered GitHub repository reveals that the Trump administration is developing AI.gov, a federal AI chatbot scheduled for launch on July 4, according to code found by 404 Media. The project, led by the General Services Administration’s Technology Transformation Services under Thomas Shedd (a former Tesla engineer aligned with Musk), aims to “accelerate government innovation with AI.” Plans include chatbot features, an API connecting OpenAI, Google, Anthropic, AWS Bedrock, and Meta LLaMA. While AI.gov currently redirects to the White House site, the code suggests ambitious federal integration. Critics warn of misinformation and premature rollout risks, especially given prior rushed AI tools from the GSA.
Warner Bros. Discovery to Split Streaming and Cable Assets
Warner Bros. Discovery has announced plans to separate into two publicly traded companies by mid-2026. One entity—led by David Zaslav—will focus on streaming and studio content, including HBO Max, Warner Bros. Television, and DC Studios. The other, headed by CFO Gunnar Wiedenfels, will manage live networks such as CNN, TNT Sports, Discovery Channel, and Bleacher Report.
This move follows persistent challenges in the cable TV sector, where cord-cutting trends have hurt revenue. WBD currently carries $34 billion in debt and utilized a $17.5 billion bridge loan from JPMorgan to facilitate the split.
Wall Street responded positively—shares responded with a double-digit uptick—reflecting confidence that the restructuring will unlock strategic focus and shareholder value.
Elon Musk's Starlink Gets License For Services in India
Elon Musk’s Starlink has secured a licence from India’s Department of Telecommunications to provide satellite internet services, marking a significant step toward commercial operations in the country. The approval follows partnerships with Reliance Jio and Bharti Airtel, which control over 70% of India’s telecom market. Starlink, known for its low Earth orbit satellite network, aims to offer high-speed, low-latency internet, particularly in remote areas. However, it must still secure spectrum allocation and meet stringent security requirements, including local data centres and monitoring systems. This milestone positions Starlink as the third satcom provider in India, after Eutelsat OneWeb and Jio Satellite Communications.
Nintendo Fans Brave Long Lines for Switch 2 Release
Gamers across Metro Detroit and beyond lined up for hours—some even days—in anticipation of the Nintendo Switch 2 launch on June 5. At a Southfield Target, dedicated fans endured rain and long waits to secure the new console. Pre-orders had sold out within minutes back in April, and some customers faced last-minute cancellations from major retailers. Among those in line was Dr. Lakeisha Simpson, a Detroit elementary school principal, who waited nine hours to fulfill a promise to her students. The Switch 2 boasts enhanced graphics, a larger screen, and new social gaming features, making it a must-have for many.
Circle's IPO Debut Signals Growing Confidence in Stablecoins
Circle Internet Group (CRCL), the issuer of the USDC stablecoin, made its debut on the New York Stock Exchange today, pricing its IPO at $31 per share—above the anticipated range. The company raised approximately $1.1 billion by selling 34 million shares, achieving a market capitalization of around $6.9 billion. This strong market entry reflects increasing investor confidence in the role of stablecoins within the financial ecosystem. Circle’s USDC, the second-largest stablecoin by market cap, has facilitated over $25 trillion in transactions since its launch in 2018. The IPO occurs amid a favorable regulatory environment, with bipartisan support for new stablecoin legislation in the U.S. Circle aims to leverage this momentum to expand its services and reinforce its position in the evolving digital currency landscape.
Reddit Sues Anthropic for Unauthorized Data Use
Reddit has filed a lawsuit against AI startup Anthropic, accusing it of illegally scraping data from the social media platform to train its AI models, despite Anthropic’s public assurance it wouldn’t. The San Francisco Superior Court filing claims Anthropic accessed Reddit content over 100,000 times, violating user policies and enriching itself by billions. Unlike Google and OpenAI, Anthropic allegedly refused a licensing agreement. Reddit’s Chief Legal Officer, Ben Lee, emphasized the need for AI firms to respect content usage limits. The lawsuit seeks damages and an injunction to stop Anthropic from using Reddit data commercially.
Reuters has the details
Nvidia's Auto Revenue Soars 72% as CEO Highlights Huge Potential
Nvidia’s automotive division reported a 72% year-over-year revenue increase, reaching $567 million in the latest quarter. CEO Jensen Huang emphasized the vast potential of AI in vehicles, describing it as a “multitrillion-dollar opportunity.” Despite challenges from U.S. export restrictions to China, which led to a $4.5 billion inventory charge and an estimated $2.5 billion in lost sales, Nvidia’s overall performance remained robust. The company’s total revenue for the quarter was $44.06 billion, surpassing Wall Street expectations, with the data center segment generating $39.1 billion—a 73% increase from the previous year. Looking ahead, Nvidia projects revenue of $45 billion for the next quarter, continuing to expand its global footprint in AI infrastructure.
Neuralink Raises $600M, Valued at $9 Billion
Elon Musk’s brain implant company Neuralink has raised $600 million from private investors, pushing its valuation to $9 billion. Neuralink is developing advanced brain-computer interface technology, with the goal of helping paralyzed patients control devices directly with their thoughts. The company’s first human patient has already used the implant to play video games, browse the internet, and move a computer cursor using only brain signals. Neuralink recently received an FDA “breakthrough” tag for its device, signaling regulatory support for its innovative approach. The company was previously valued at $5 billion in 2023.
Sundar Pichai on AI Search, Gemini, and the Future of the Web
In a wide-ranging interview, Google CEO Sundar Pichai discussed the company’s bold new direction following Google I/O 2025, emphasizing the transformative impact of AI on search and the web. Pichai described Google’s new AI Mode as a major platform shift, where search results are personalized and interactive, moving beyond simple links to dynamic, app-like experiences. He addressed concerns from publishers about AI “taking” content, promising that Google remains committed to sending traffic to a broad range of sources. Pichai also touched on the rise of AI agents, the evolution of web content, and the future of AI-powered hardware like smart glasses.
Listen to the full interview on The Verge
Tech | T-Mobile Addresses Concerns Over New Screen Recording Feature
T-Mobile has responded to user concerns about a new app setting that allows screen recording on smartphones. According to the company, this feature is designed solely to assist with customer support. When a user contacts T-Mobile for help, a representative may request permission to view and record the phone’s screen in real time to better diagnose and resolve technical issues. T-Mobile emphasizes that this setting is not enabled by default and cannot be activated without the user’s explicit consent. The company assures customers that privacy and data security are top priorities—no screen activity is recorded, stored, or accessed unless the user agrees during a support session. T-Mobile also clarified that the feature is strictly limited to support interactions and is not used for any other purpose. The company hopes this transparency will reassure users that their information remains protected while still allowing for more effective technical assistance.
Crypto | Markets React to Trump Tax Bill; Bitcoin Hits Record High
U.S. stock futures declined after the House passed President Trump’s tax bill, which proposes tax cuts but raises deficit concerns. The bill, now heading to the Senate, could add $3.8 trillion to the national debt over the next decade. Treasury yields rose, with the 10-year reaching 4.62%, following a weak 20-year bond auction.
Bitcoin surged to a record $111,768.98, buoyed by legislative momentum and institutional interest. Crypto-related stocks, including Coinbase and Strategy, saw gains.
In equities, Snowflake jumped 10% after exceeding earnings expectations and providing strong revenue guidance. XPeng shares rose 13% on robust earnings, while Xiaomi is set to unveil its YU7 EV, a competitor to Tesla’s Model Y. Tesla shares dipped 2.7%, and Nvidia and Broadcom reversed earlier gains amid concerns over U.S. AI chip export restrictions to China.
Investors are advised to exercise caution amid market volatility and monitor for signs of stabilization before increasing exposure.
Read the full article on Investor’s Business Daily
Crypto | Bitcoin Pizza Day: From $41 to $690 Million
On May 22, 2010, Laszlo Hanyecz made history by purchasing two Papa John’s pizzas for 10,000 Bitcoins, marking the first commercial Bitcoin transaction. At the time, the Bitcoins were worth approximately $41. Today, with Bitcoin trading around $111,303, that same amount equates to over $1.1 billion.
This event, now celebrated annually as Bitcoin Pizza Day, underscores the extreme volatility and growth potential inherent in cryptocurrency investments. Nine months after the purchase, Bitcoin reached parity with the U.S. dollar, making the pizzas worth $10,000. By 2015, their value had soared to $2.4 million.
Hanyecz’s transaction also highlights the early challenges of blockchain adoption, including limited merchant acceptance and complex user interfaces. Despite these hurdles, his purchase demonstrated Bitcoin’s potential as a medium of exchange, paving the way for its evolution into a globally recognized digital asset.
OpenAI, Nvidia, and Oracle Partner with UAE on $20B AI Megaproject
OpenAI, in collaboration with Nvidia, Oracle, and UAE-based G42, has announced Stargate UAE—a $20 billion initiative to build one of the world’s largest AI data centers in Abu Dhabi. The project aims to deliver 1 gigawatt of AI computing power, with the first 200 megawatts expected online by late 2026. This marks OpenAI’s first major international expansion under its “OpenAI for Countries” program.
The facility will be powered by Nvidia’s advanced Grace Blackwell GB300 AI chips, and operated by OpenAI and Oracle. G42 and SoftBank are leading the funding, with additional support from Cisco.
As part of the agreement, the UAE will become the first country to offer ChatGPT Plus subscriptions to its entire population. This initiative aligns with the UAE’s broader strategy to become a global AI hub and follows a recent U.S. decision to lift export restrictions on advanced AI chips to the UAE.
Tesla Robotaxi Launch Set for June in Austin
Tesla is set to launch its long-anticipated robotaxi service in Austin, Texas, by the end of June 2025. The initial rollout will feature 10 autonomous vehicles operating within geo-fenced areas to ensure safety, with plans to scale up to 1,000 vehicles across multiple cities in the following months. CEO Elon Musk emphasized that Tesla’s existing infrastructure negates the need for partnerships with companies like Uber, as the company aims to integrate privately owned Teslas into its autonomous fleet, allowing owners to earn passive income. Despite facing safety investigations from the National Highway Traffic Safety Administration (NHTSA) and public scrutiny over transparency, Tesla remains committed to its autonomous vehicle strategy. Musk also announced plans to reduce political spending and reaffirmed his dedication to Tesla’s leadership.
OpenAI Acquires Jony Ive's AI Hardware Startup for $6.5 Billion
OpenAI has announced its largest acquisition to date, agreeing to acquire io, an AI device startup founded by former Apple design chief Jony Ive, in a $6.5 billion all-equity deal. The acquisition incorporates OpenAI’s existing stake in io and signifies a major strategic expansion for the company. Post-acquisition, Ive will assume significant creative and design roles across both OpenAI and io. Meanwhile, his creative firm, LoveFrom, will continue to operate independently. This move is part of OpenAI’s broader strategy to strengthen its capabilities and design innovation as competition in the artificial intelligence sector intensifies. The first hardware devices born from this partnership are expected in 2026.
Google I/O 2025: Key AI Announcements
At Google I/O 2025, Google made sweeping announcements focused on AI integration across its ecosystem. The spotlight was on Gemini, now enhanced with “AI Overviews” in Search and an upgraded Gemini 2.5 model featuring DeepMind’s “Deep Think” reasoning capabilities. A new “AI Mode” turns search into an interactive chatbot experience. Gemini will now be accessible across Google apps like Gmail, Docs, and Photos with context-aware assistance. Google also unveiled Flow, a generative AI filmmaking tool, and “Stitch,” which automates UI design. Project Starline, now Google Beam, enables lifelike 3D calls and will debut on HP hardware. Google Meet adds live AI translations, while Gmail gets personalized smart replies.
Strategy Acquires 7,390 BTC Amidst Legal Challenges
Strategy, formerly known as MicroStrategy, acquired 7,390 BTC for approximately $765 million, averaging just under $103,500 per coin. This purchase brings its total holdings to 576,230 BTC, valued at over $59.2 billion, reflecting an unrealized gain of $19.2 billion.
Simultaneously, Strategy faces a class-action lawsuit filed in the U.S. District Court for the Eastern District of Virginia. The suit alleges that executives, including Chairman Michael Saylor, CEO Phong Le, and CFO Andrew Kang, made false or misleading statements regarding the profitability and risks of their Bitcoin-focused investment strategy.
Despite legal challenges, Strategy’s aggressive Bitcoin accumulation continues to influence corporate treasury strategies globally.
Microsoft Embraces Anthropic's MCP Standard to Advance AI Agent Interoperability
Microsoft is embracing Anthropic’s open-source Model Context Protocol (MCP), designed to standardize communication between AI agents and software—akin to a “USB-C for AI apps.” By integrating MCP across Windows and AI platforms like Foundry Local and Nvidia NIMs, Microsoft aims to simplify how AI models are deployed and interact. The initiative is part of the new Windows AI Foundry project. While the protocol boosts interoperability, Microsoft acknowledges security risks like prompt injection and token theft, prompting measures such as user consent prompts and a secure registry. Microsoft joins OpenAI and Google DeepMind in backing MCP.
Read the full article on ZDNet
President Trump Announces $200 Billion in New U.S.-UAE Deals, Accelerates $1.4 Trillion Investment Framework.
On May 15, 2025, President Donald J. Trump announced more than $200 billion in new commercial agreements between the United States and the United Arab Emirates (UAE), which build upon a previously committed $1.4 trillion UAE investment framework. These deals cover strategic industries such as aerospace, energy, critical minerals, and advanced technologies, reinforcing the economic partnership between both nations.
Among the highlights, Etihad Airways committed to purchasing 28 Boeing aircraft in a $14.5 billion deal, supporting roughly 60,000 U.S. jobs. Emirates Global Aluminum is investing $4 billion in an aluminum smelter in Oklahoma, which will double national capacity and create 1,000 jobs. A $60 billion energy partnership between ADNOC and several U.S. companies will expand oil and gas production. There are also joint efforts to secure critical minerals and launch AI and cybersecurity collaborations, including a $181 billion digital economy initiative.
Read the full fact sheet on the White House website
Nvidia's Stock Dips Amid Market Turmoil, Overshadowing AI Announcements
Nvidia’s stock experienced a decline of 0.9% to $134.20 on Monday, influenced by broader market concerns, including Moody’s downgrade of U.S. sovereign debt. This market turbulence overshadowed Nvidia’s significant AI-related announcements at the Computex trade show in Taiwan.Yahoo Finance+8Barron’s+8Yahoo Finance+8
At the event, CEO Jensen Huang unveiled plans to open Nvidia’s AI server platform to competitors like Qualcomm and Marvell, aiming to reinforce Nvidia’s central role in AI data centers. Additionally, Nvidia announced a partnership with Foxconn to construct an AI supercomputer in Taiwan, powered by 10,000 Blackwell GPUs. The company is also collaborating with Taiwanese manufacturers—Acer, Asus, and Gigabyte—to develop high-performance DGX Spark and DGX Station desktop supercomputers. Furthermore, Nvidia is participating in a joint venture to establish Europe’s largest AI campus in France, alongside partners like Mistral, Bpifrance, and the UAE’s MGX fund.
Despite these strategic initiatives, Nvidia’s stock performance remains subdued due to prevailing economic uncertainties.
President Donald J. Trump Secures Historic $1.2 Trillion Economic Commitment in Qatar.
President Donald Trump has announced a historic $1.2 trillion economic commitment with Qatar, representing one of the largest trade and investment agreements ever secured by the United States. The deal features over $243.5 billion in new contracts, including a record $96 billion order from Qatar Airways for Boeing aircraft and GE Aerospace engines, projected to support more than a million American jobs. Other major agreements involve U.S. companies such as McDermott, Parsons, and Quantinuum, as well as significant defense contracts with Raytheon and General Atomics. These partnerships are designed to drive American manufacturing, innovation, and job growth, while deepening U.S.-Qatar cooperation in aviation, energy, technology, and defense. The agreement also includes commitments to future investments and enhanced security collaboration. For more details, visit the official White House fact sheet.
UnitedHealth Group Under DOJ Investigation for Alleged Medicare Fraud
UnitedHealth Group is reportedly under investigation by the U.S. Department of Justice (DOJ) for potential Medicare fraud. The probe focuses on the company’s Medicare Advantage billing practices, specifically allegations of inflating patient risk scores to increase federal reimbursements. The investigation has been ongoing since at least the previous summer, though UnitedHealth claims it has not been notified by the DOJ. Following the news, UnitedHealth’s stock plummeted by 17%, marking a significant decline in its market value. This development adds to the company’s recent challenges, including the abrupt resignation of CEO Andrew Witty and the suspension of its 2025 financial forecast due to rising medical costs.
Get the details on CNBC
Microsoft Introduces Azure Linux: A Strategic Shift in Cloud Infrastructure
In a significant move, Microsoft has unveiled Azure Linux, a custom-built Linux distribution designed to enhance its cloud and edge computing services.This development marks a notable shift in Microsoft’s approach, embracing open-source solutions to optimize its Azure platform. Azure Linux is tailored for containerized workloads, offering a streamlined set of packages essential for cloud operations. Key features include an iptables-based firewall, signed updates, and a hardened kernel, ensuring robust security and performance. The distribution is open-source, with its codebase accessible on GitHub, reflecting Microsoft’s commitment to transparency and collaboration in the open-source community.
Read the full article on ZDNet
Walmart to Raise Prices, Blaims Tariffs
Walmart has announced plans to increase prices on various products due to the financial strain from recent tariffs imposed by the U.S. government. Despite sourcing over two-thirds of its merchandise domestically, the retail giant is significantly impacted by tariffs on imports from countries like China, Mexico, and Vietnam. CEO Doug McMillon stated that while the company strives to keep prices low, the magnitude of the tariffs makes it challenging to absorb all the additional costs. Specific items such as bananas and coffee have already seen price hikes, and consumers can expect further increases in categories like electronics and toys. The company reported a 2.5% revenue growth in Q1, with operating income rising by 4.3%. However, the ongoing trade tensions and associated costs have led Walmart to suspend its 2025 financial forecast. The company emphasizes its commitment to transparency and collaboration in navigating these economic challenges.
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UnitedHealth President Trump Signs an Executive Order Cutting prescription Drug Prices by up to 80%
President Donald Trump has signed an executive order aiming to reduce U.S. prescription drug prices by 59%, aligning them with the lowest prices paid in other countries. The order directs drugmakers to lower prices and gives them 30 days to meet new targets, with further action promised if significant progress isn’t made within six months. The plan, which covers drugs under Medicare, Medicaid, and private insurance, is part of a broader push to address high medication costs in the U.S., where prices are often much higher than in other developed nations. However, experts note that the policy faces legal and practical challenges, and details on implementation remain limited.
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Google Unveils Android 16, Gemini AI, and More at The Android Show
At The Android Show, Google unveiled major updates coming to Android and its ecosystem. Highlights include the new Material 3 Expressive design for Android 16 and Wear OS 6, featuring playful animations, typography, and colors. Gemini, Google’s AI assistant, is expanding to more platforms like Wear OS, Google TV, and Android Auto, offering smarter, more natural interactions. Android 16 will introduce enhanced security features, improved scam detection, and the new Find Hub for tracking devices and accessories, including support for ultra-wideband and satellite connectivity. The Android 16 beta will be available on select devices in June.
Read the full article on Engadget
Apple Partners With Synchron to Develop Brain-Computer Interface for Hands-Free Device Control
At The Android Show, Google unveiled major updates coming to Android and its ecosystem. Highlights include the new Material 3 Expressive design for Android 16 and Wear OS 6, featuring playful animations, typography, and colors. Gemini, Google’s AI assistant, is expanding to more platforms like Wear OS, Google TV, and Android Auto, offering smarter, more natural interactions. Android 16 will introduce enhanced security features, improved scam detection, and the new Find Hub for tracking devices and accessories, including support for ultra-wideband and satellite connectivity. The Android 16 beta will be available on select devices in June.
Read the full article on Engadget
Is This The Trick to Getting More Points on Your Chase Sapphire Preferred Credit Card?
This article explains how you can earn the Chase Sapphire Preferred’s welcome bonus again by downgrading your current card to a no-annual-fee option like the Chase Freedom Unlimited. To be eligible, you must not have received a Sapphire Preferred bonus in the past 48 months and must be under Chase’s 5/24 rule (fewer than five new credit cards in 24 months). The process involves checking your bonus date, confirming your 5/24 status, calling Chase to downgrade, and then reapplying for the Sapphire Preferred to earn the new bonus. This strategy helps maximize rewards without hurting your credit score.
Full article here
Tesla's 'Robotaxi' and 'Cybercab' Trademarks Face USPTO Challenges Ahead of June Launch
Tesla’s efforts to trademark “Robotaxi” and “Cybercab” have encountered obstacles with the U.S. Patent and Trademark Office (USPTO) as the company prepares for a June launch of its autonomous ride-hailing service.
The USPTO rejected Tesla’s application to trademark “Robotaxi” for its vehicles, deeming the term too generic. The agency issued a “nonfinal office action,” allowing Tesla three months to respond with evidence supporting its claim. The application for using “Robotaxi” in relation to transportation services remains under examination.
Similarly, Tesla’s attempt to trademark “Cybercab” has been halted due to existing applications by other companies for similar “Cyber” trademarks, including one related to aftermarket Cybertruck accessories.
These trademark challenges arise as Tesla plans to introduce its autonomous ride-hailing service, featuring the Cybercab—a purpose-built electric vehicle unveiled in October 2024. The company also submitted applications for the term “Robobus,” which are still under review.
Read the full article on TechCrunch
The Federal Reserve has kept its policy rate unchanged, and experts expect mortgage rates to remain steady in the near term. Mortgage rates are influenced by 10-year Treasury yields, which have been volatile but recently settled around 4.25%. Most experts do not anticipate significant changes in rates soon, citing ongoing economic uncertainty and the impact of tariffs. Some believe rates could drop slightly if bond markets react positively to Fed decisions.
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Bitcoin's Resilience Above $100k: Three Emerging Bullish Trends
Bitcoin’s sustained position above the $100,000 mark is underpinned by three notable developments:
1. Governmental Interest in Bitcoin Reserves
Cities like New York and Hong Kong are contemplating the inclusion of Bitcoin in their foreign reserves. Panama City has progressed further, actively evaluating Bitcoin as a reserve asset. Such institutional interest indicates a growing acceptance of Bitcoin in official financial strategies, potentially stabilizing its value.
2. Emergence of Bitcoin Treasury Companies
New enterprises are forming with the primary objective of acquiring and holding Bitcoin. These companies leverage both debt and equity financing to accumulate substantial Bitcoin holdings, effectively reducing the available supply in the market. MicroStrategy, for instance, holds nearly $60 billion in Bitcoin, exemplifying this trend.
3. Institutional Accumulation and Market Dynamics
The combination of governmental reserve considerations and the rise of Bitcoin treasury firms contributes to a constrained supply. As more institutions enter the market, competition for the limited available Bitcoin intensifies, potentially driving prices higher and reinforcing the $100,000 support level.
Full article on Nasdaq
President Trump Plans to Rescind Global AI Chip Export Restrictions
President Donald Trump’s administration intends to revoke the Biden-era “AI Diffusion Rule,” which was set to impose stringent controls on the export of advanced AI chips to over 100 countries. The rule, criticized by tech companies and foreign governments for its complexity and potential to hinder innovation, was scheduled to take effect on May 15.
In response to the announcement, major chipmakers like Nvidia and AMD experienced stock gains, with Nvidia rising by 3.6% and the Philadelphia Semiconductor Index increasing by 2.1%. The Commerce Department’s Bureau of Industry and Security stated that the existing rule would be replaced with a more straightforward policy aimed at promoting American innovation and maintaining AI leadership.Watcher Guru
While the current restrictions will not be enforced, the administration plans to implement new measures targeting countries that have diverted chips to China, such as Malaysia and Thailand. The timeline for these new regulations remains unspecified.
Read the full article on Watcher.Guru
Apple's 2027 iPhone Rumored to Feature Futuristic All-Screen, Glass Design.
Apple is reportedly planning a major redesign for its 20th anniversary iPhone in 2027, aiming for a “mostly glass, curved” device with a true all-screen display. According to leaks from Bloomberg’s Mark Gurman and The Information, the iPhone 20 could feature an edge-to-edge screen with no notch, Dynamic Island, or visible front camera cutout, thanks to under-display camera technology. This would mark a significant shift from current models and fulfill long-standing design ambitions. The all-screen iPhone is expected to arrive alongside other innovations like foldable and ultra-thin models, signaling a bold new era for Apple’s flagship device.
Read the full article on Mashable
Coinbase Discloses Insider-Driven Data Breach and $20 Million Ransom Deman
Coinbase, the largest U.S.-based cryptocurrency exchange, has revealed a significant data breach involving bribed overseas customer support agents who assisted cybercriminals in accessing sensitive customer information. The compromised data includes names, email addresses, phone numbers, government-issued ID images, and partial Social Security numbers. Notably, passwords, private keys, and customer funds were not affected.
On May 11, the attackers demanded a $20 million ransom to prevent the public release of the stolen data. Coinbase refused to pay and instead offered a $20 million reward for information leading to the perpetrators’ arrest. The company estimates the incident could cost between $180 million and $400 million due to remediation efforts and customer reimbursements.
In response, Coinbase has terminated the involved employees, enhanced fraud monitoring, and is cooperating with law enforcement. The breach affects less than 1% of its user base and comes just before Coinbase’s scheduled inclusion in the S&P 500 index on May 19.
Read the full article on CNBC
AI Video Startup Moonvalley Secures $53M in Funding
SOURCE: MOONVALLEY
Los Angeles-based AI video startup Moonvalley has raised an additional $10 million, bringing its total funding to approximately $124 million. This follows a previous $43 million funding round announced last month and a $70 million seed round in November.
Moonvalley’s flagship product, the Marey model, developed in collaboration with AI animation studio Asteria, offers customizable features such as fine-grained camera and motion controls. It can generate high-definition clips up to 30 seconds long and is designed to be legally safer than some competitors by using licensed datasets.
The company emphasizes ethical AI practices by allowing creators to opt out of model training and providing users with data deletion options and indemnity policies. Moonvalley also implements safeguards to prevent the generation of inappropriate content or unauthorized likenesses.
TechCrunch has the full story
U.S. and China Agree to Temporary Tariff Cuts, Easing Trade War Tensions
The United States and China have agreed to temporarily cut tariffs on each other’s goods after high-level talks in Switzerland, easing a trade war that had disrupted global markets. U.S. tariffs on Chinese goods will drop from at least 145% to 30% for 90 days, while China’s tariffs on American goods will fall from at least 125% to 10%. Both sides described the negotiations as constructive and agreed to continue discussions, including on issues like fentanyl smuggling. While the tariff reductions are expected to restart trade and bring relief to businesses, the cuts are temporary and uncertainty remains about long-term trade relations.