A $965 billion valuation puts Anthropic ahead of OpenAI – and shows how its business-first strategy is paying off – while Dell’s stock soared on news of stellar AI sales and a big deal with the US military.

Today’s stories:

• Anthropic Just Overtook OpenAI In The Valuation Race
• Between The Pentagon And AI, Dell’s Leveling Up

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Snowflake shared strong results and a fresh deal with Amazon, making reports of the software industry’s demise look greatly exaggerated – and the Fed’s preferred price index was almost double its target in April, so don’t expect any interest rate cuts for a while.

Today’s stories:

• Snowflake’s Been Using AI For Good, And It’s Not Alone
• The Fed’s Favorite Inflation Gauge Came In Hot, And Folks Saw It Coming

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As SpaceX gets closer to going public, rumours are growing louder that Tesla will be merged into the same machine – and the Kospi’s meteoric rise is on the back of its two biggest stocks: memory makers SK Hynix and Samsung.

Today’s stories:

• Musk’s Master Plan: One Company To Rule Them All?
• South Korea’s Main Index Briefly Doubled For The Year

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Massive chipmaker TSMC is pushing Taiwan’s stock market up the ranks – but a single-company rally has its risks – and Ferrari’s all-electric car was meant to dazzle, but instead it's getting roasted as a “luxury toaster”.

Today’s stories:

• Taiwan’s Stock Market Is Riding High On A… One-Stock Wonder
• Ferrari’s First-Ever EV Is Getting Toasted

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Quantum computing could be the next big thing – especially now that the US government has skin in the game – while rival beauty companies Estée Lauder and Puig have decided to end talks of a $15 billion merger deal.

Today’s stories:

• The US Government’s Going Quantum, Pouring $2 Billion Into The Tech
• Estée Lauder And Puig Aren’t Making Up

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The rocket, satellite, and AI titan’s filing revealed exactly where it’s minting money (and where it’s torching it), while Nebius and Bloom Energy are joining forces to remove one big bottleneck in the AI buildout: the electrical grid.

Today’s stories:

• SpaceX Filed For An IPO – And It Could Be The Biggest One Ever
• Nebius And Bloom Energy Are Going Off-Grid Together

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The superstar chipmaker’s earnings are now a major market event, and it smashed through expectations once again – while the yield on the 30-year US Treasury bond just hit an almost 20-year high (cue flashbacks to the global financial crisis).

Today’s stories:

• Oops, Nvidia Did It Again – For The 14th Time In A Row
• Yield And Present Danger: US Government Bonds Are Under Pressure

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The tech giant and the investment firm are teaming up on a new AI cloud venture, while Standard Chartered’s announcement acknowledges that AI is here to replace humans…

Today’s stories:

• Alphabet And Blackstone Want To Make It Rain With A New Neocloud
• British Bank StanChart Is Cutting Human Workers And Turning To AI

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