Somewhat surprisingly, US crude exports have fallen significantly over the past month. Product exports still running at historically strong levels though.
Nile Mosley
@nilecm.bsky.social
Founder and CEO of Dialog Boxing | Portland, OR #Socio-TechnicalSystems #ArtificialSuperintelligence #ASI #ITInfrastructure #BotEconomy 🤖🐧🦀 He/Him itisfuturenow.kit.com/6bfe4fd8ef
As Spacetech Surges it Faces Competition From Other Sectors. #Spacetech #SpaceX #SpaceXIPO #IPO
SpaceX Needs You to Believe It's a Space Company. The Numbers Say Otherwise.
In the IPO prospectus, 93% of the declared market is AI. Space itself is 1.3%. Those who read those lines already know everything.
mvidmar.substack.com
Supercomputing Reaches Key Quantum Milestone. #Socio-TechnicalSystems #STS #ArtificialSuperintelligence #ASI #BotEconomy #BE #ITInfrastructure
ZettaWire@zettawire.com · 2mo agoUK researchers win access to Google's Willow quantum chip, capable of a five-minute calculation that would take supercomputers 10 septillion years. #QuantumComputing #Google
Swedish chip optical component maker Sivers, whose stock is up ~1,700% YTD, giving it a ~$2.5B market cap, has become one of the country's most-shorted stocks (Jonas Ekblom/Bloomberg) Main Link | Techmeme Permalink
Mistral says it is accelerating superintelligence development to ensure Europe's independence from US tech giants, and signs deals to supply Airbus and BMW (Sam Schechner/Wall Street Journal) Main Link | Techmeme Permalink
Internal speech: JD.com founder Liu Qiangdong vows to protect the company's 900,000 employees from AI and automation, saying it will "do everything possible" (Bloomberg) Main Link | Techmeme Permalink
London- and SF-based Orbital Industries, which uses its Orb model to design advanced materials and then sell them directly, raised a $50M Series B led by Plural (Jeremy Kahn/Fortune) Main Link | Techmeme Permalink
Source: the Shanghai Futures Exchange is in the early stages of designing futures contracts for AI tokens; US exchanges are set to launch GPU compute futures (Reuters) Main Link | Techmeme Permalink
IBM and Red Hat commit $5B to establish a new model for open-source software, dubbed Project Lightwell, and will deploy 20,000 engineers, supported by AI (Connor Hart/Wall Street Journal) Main Link | Techmeme Permalink
Oura unveils the Oura Ring 5, with a 40% smaller form factor, improved sensing, and repositioned LEDs, on sale from June 4 for $399, up from the Ring 4's $349 (Bloomberg) Main Link | Techmeme Permalink
Qualcomm unveils the Snapdragon C, an entry-level ARM-based SoC for Windows 11 devices starting at $300 and shipping in 2026, to compete with the MacBook Neo (Zac Bowden/Windows Central) Main Link | Techmeme Permalink
Sources: at WWDC, Apple is likely to showcase how 15 years of designing custom silicon chips gives it an advantage in local AI, using a distilled Gemini model (Aaron Tilley/The Information) Main Link | Techmeme Permalink
Visa makes an undisclosed investment in Replit; the two will explore how Replit developers can use Visa Intelligent Commerce and the Trusted Agent Protocol (Ivan Mehta/TechCrunch) Main Link | Techmeme Permalink
Waymo unveils Ojai, a vehicle designed in partnership with Zeekr for robotaxi use, initially for select riders in San Francisco, Los Angeles, and Phoenix (Edward Ludlow/Bloomberg) Main Link | Techmeme Permalink
IBM plans to invest more than $10B in quantum computing over five years as it aims to build the first large-scale, error-free quantum computer by 2029 (Reuters) Main Link | Techmeme Permalink
🤖 Sam Altman: AI Job Boom will be underway, not Job Apocalypse.
☕🤖 Sam Altman: The AI "Jobs Apocalypse" Isn't Coming
PLUS: Anthropic is about to pass OpenAI...
open.substack.com
Who really wants Giannis Antetokounmpo? The list of teams that may trade for the Bucks star is probably shorter than you think. 🔖 www.jsonline.com/story/sports...
List of teams that want to trade for Bucks’ Giannis shorter than you think
Who really wants to trade for Milwaukee Bucks star Giannis Antetokounmpo? The list of teams may be shorter than you think.
jsonline.com
🌍How AI Coding Agent Stacks in Global Ecosystems are Leading to Economic Prosperity Around the World.
🌊 How Replit went from 7 months of runway to a $9B valuation in 22 months
9 growth levers behind the $1B ARR target for 2026.
open.substack.com
Jensen Huang says Nvidia is spending $100B-$150B annually on its Taiwan supply chain, up from $10B-$15B four years ago, and will boost its Taiwan staff to 4,000 (Nikkei Asia) Main Link | Techmeme Permalink
Demis Hassabis says he still broadly expects AGI around 2030, though he now sees 2029 as a possibility, and 2026's "agentic era" is a "bit like a practice run" (Ina Fried/Axios) Main Link | Techmeme Permalink
Source: at a town hall, TSMC CEO C.C. Wei told staff they will see a 30%+ bump in their profit-sharing payouts in 2026 on average, after some staff had concerns (Bloomberg) Main Link | Techmeme Permalink
The Shanghai Stock Exchange says memory maker CXMT cleared a listing review for the exchange's Nasdaq-like STAR Board, in what could be China's top IPO in 2026 (Wall Street Journal) Main Link | Techmeme Permalink
ElevenLabs launches Music v2, which can switch genres mid-track and handle complex vocal compositions, built on licensed data and cleared for commercial use (Ivan Mehta/TechCrunch) Main Link | Techmeme Permalink
Opendoor Co-Founder Eric Wu's NavigateAI, which is building an expert AI coach for construction workers, raised a $25M seed led by Elad Gil at a $225M valuation (Anna Tong/Forbes) Main Link | Techmeme Permalink
AI coding startup Cognition AI raised more than $1B at a $26B valuation, and says its revenue run rate has increased to $492M from $37M in May 2025 (Rebecca Torrence/Bloomberg) Main Link | Techmeme Permalink
Tensormesh, whose inference platform uses KV caching to reduce costs, raised a $20M seed extension, bringing its total funding to $24.5M (Chris Metinko/Axios) Main Link | Techmeme Permalink
🇦🇲❗️Armenia received a letter from Russian Energy Minister Sergei Tsivilev. In the letter, Russia threatened Armenia with unilaterally terminating the agreement on the supply of gas, oil products, and rough diamonds if Yerevan continues its 🇪🇺EU accession process.
As Spacetech Surges it Faces Competition From Other Sectors. #Spacetech #SpaceX #SpaceXIPO #IPO
SpaceX Needs You to Believe It's a Space Company. The Numbers Say Otherwise.
In the IPO prospectus, 93% of the declared market is AI. Space itself is 1.3%. Those who read those lines already know everything.
mvidmar.substack.com
Q&A with Sundar Pichai about reshaping the information ecosystem with Search changes, putting AI agents in everything, when AI will replace him as CEO, and more (Nilay Patel/The Verge) Main Link | Techmeme Permalink