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- Data from the US Bureau of Labor Statistics: Employment in 18 occupations exposed to AI decreased by 0.2% between May 2024 and May 2025, while the US labor market as a whole increased by 0.8% (Matthew Boesler/Bloomberg)
- Los Angeles-based Fasset, which offers stablecoin-based cross-border banking and payments services in Asia, Africa and the Middle East, has raised a $51 million Series B round (Krisztian Sandor/CoinDesk)
- Electricity prices on the largest U.S. power grid, operated by PJM, jumped 76% year-over-year to an average of $136.53/MWh in the first quarter due to rampant data center demand (John Ainger/Bloomberg)
- Sources: OpenAI acquired Weights.gg, which offered AI tools for creating clones of people’s voices, earlier this year; PitchBook: Weights.gg raised about $4 million (Mike Isaac/New York Times)
- ‘Seismic shift’ to Australia’s orbit likely under new Solomon Islands PM – Radio Free Asia
- Trump doesn’t have enough votes to get his ballroom money
- How tech companies are using open source initiatives to achieve critical strategic goals and how these efforts are reshaping industries like AI, AV, and more. (Bill Gurley/Bill’s Substack)
- The war in Iran broke Trump
