What You Missed (5/31 - 7/6)

When Happens When The AI Builds Itself?
Using benchmarks and internal metrics, Anthropic argues that AI systems are rapidly scaling from reliable multi-hour task completion to doing the bulk of coding and research execution, shrinking the human role to judgment and oversight and raising the prospect of recursive self-improvement that could outstrip institutional preparedness; they emphasize that without credible international verification regimes for training runs, any unilateral slowdown risks simply ceding advantage to less cautious actors.

Big Bank Choosing Blockchain
JPMorgan, Citi, and other major banks are backing a planned tokenized deposit platform that would enable instant transfers and 24/7 settlement for big corporate payments.

Genesis Mission Gets First International Partner
The U.S. and Japan have announced a $1 billion research partnership that will combine leading labs, computing power, and talent to accelerate breakthroughs in AI-driven science.

Tenessee Shifts Data Center Costs to Big Tech
Tennessee and several other states have enacted laws that bar utilities from passing data center-driven grid costs onto everyday customers, instead making high‑demand facilities pay for the infrastructure they require.

Google Pledges to Offset Water Usage
Facing backlash from communities worried about AI’s thirst, Google is expanding its water stewardship pledge: it plans to restore more water than its data centers use by 2030, backing 165 watershed projects, funding upgrades to local utilities, and publishing annual water-use data to keep the process from becoming a ‘black box.’

China and Hong Kong Investors Banned From SpaceX IPO
SpaceX’s underwriters have blocked investors in mainland China and Hong Kong from participating in the company’s upcoming IPO, citing regulatory and compliance concerns linked to China’s tightly controlled, military-supervised space sector.

Reaffirmed Stance for Light Touch, Pro Innovation
Framed as an “America First” AI and cybersecurity initiative, the order asserts that U.S. AI leadership depends on unleashing private-sector innovation rather than imposing strict regulatory controls. At the same time, it tightens enforcement against AI-enabled cybercrime, directs rapid hardening of national security and civilian systems, and formalizes government–industry collaboration around advanced AI models to protect critical infrastructure.

Changes Coming to the S&P Index
S&P Dow Jones is adding AI infrastructure chipmaker Marvell Technology and electronics manufacturer Flex to the S&P 500, spotlighting how semiconductor and tech supply-chain names are increasingly displacing traditional companies like Pool Corp and Campbell’s in the benchmark.

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$50B - The amount Trump donors have received in taxpayer-funded contracts

$10.5B - Supabase’s latest valuation after raising $500M in their latest round

$920M - Google’s monthly spend to SpaceX for access to 110K Nvidia GPUs

$8.5B - The acquisition price for Taylor Morrison Home Corporation