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Trump just announced what he called the “most crushing economic operation ever taken against any country” targeting Iran with unprecedented economic isolation.

He warned that any country providing Iran a financial “lifeline” will itself face “tremendous economic consequences.”

$MRNA and $MRK say their personalized mRNA cancer vaccine, intismeran, combined with Keytruda slowed melanoma recurrence and spread in a late-stage trial.

The study was stopped at its first interim analysis after positive results, though detailed efficacy data have not yet been released.

If the benefit holds up, this would mark the first randomized Phase 3 validation of a personalized neoantigen cancer vaccine and could significantly broaden the use of mRNA technology beyond traditional vaccines.

Amazon will bring Prime Air to suburban Chicago and Atlanta, plus metro Cleveland and Syracuse, by year-end.

This would grow Amazon’s drone delivery footprint roughly 6x from today & put the service within reach of 30M people by the end of 2026.

Amazon’s MK30 drone has a range of about 7.5 miles and has already completed hundreds of thousands of deliveries this year.

It has successfully linked and jointly cooled two quantum computing modules, a key step toward building larger modular systems.

Both modules reached 4 Kelvin in under 5 days and below 15 millikelvin shortly after

Each module offers up to 12x more wiring space than widely used quantum systems

Architecture is designed to connect hundreds of quantum chips using L-couplers

IBM plans to install Quantum Nighthawk processors later this year

Targets 1,000+ programmable qubits by 2027, with Quantum Starling still planned for 2029

1,000 programmable qubits does not mean 1,000 logical or fault-tolerant qubits. IBM has not yet disclosed inter-module gate fidelity, crosstalk or error-correction performance for the setup.

OpenAI told investors its revenue grew by 18% from the first to the second quarter, while its losses deepened, results that disappointed some shareholders who had hoped the startup would show more progress catching up to its rival, Anthropic.

The company said its revenue grew to $6.7 billion in the three months ended in June, up from $5.7 billion in the first quarter. Meanwhile, its operating margin sank further into the red, pushing the company farther away from profitability ahead of a much-anticipated initial public offering, people familiar with the matter said.

Anthropic more than doubled its revenue to $11.6 billion in the same period, marking the first time its sales surpassed its older rival. The company also swung to a small operating profit.

U.S.-listed products now have roughly $180B in AUM, but because of 2x and 3x leverage, their net market exposure is closer to $420B.

That exposure has jumped more than $100B in just three weeks.

Official data places FY2025 net interest near 3.1-3.2% of GDP with CBO projecting 3.3% for FY2026.

The rising share already exceeds defense spending and crowds out other priorities, with projections showing continued growth to 4.6% of GDP by 2036 under current policy.

Duos Technologies signed five-year hosting agreements with Axe Compute $AGPU covering 55 MW of AI data center capacity across multiple U.S. sites.

The contracts represent $500M+ in base payments, with initial capacity targeted to come online from late 2026 into early 2027. The companies are also discussing potential minority investments by Axe in the project entities.

Bank of America launched a new tracker covering model intelligence, usage, t**en pricing, GPU rentals and memory costs across the AI stack.

Anthropic currently leads the intelligence rankings, with Claude Opus 5 at #1 and Claude Fable 5 at #2, followed by OpenAI’s GPT-5.6 Sol.

DeepSeek leads Vercel usage at 30%, while Anthropic accounts for 65% of spend.

AI t**en prices are down 9% MoM, while B200 GPU rental prices fell 2% and DRAM prices rose 8%.

Micron Ventures Paradigm Fund, its largest venture capital vehicle yet at $250 million.

The fund targets early-stage AI startups across compute, data infrastructure, and physical AI, securing Micron earlier exposure to high-performance memory and storage demand.

JPMorgan Resumes Coverage on $SNDK with Overweight Rating, PT $2,250.

Here are comments that stood out to me.

“In our view, Sandisk is in many respects uniquely positioned to capture the ongoing structural inflection in NAND demand driven by rapid growth in AI inference…”

“NAND market TAM is inflecting from ~$70B in CY25 (JPMe) to $300B+ in CY26 and ~$500B in CY27, with Data Center representing the largest driver of growth (by far) as hyperscale/cloud customers increasingly deploy flash for inference-era workloads (incl. persistent KV cache - a major driver of bit demand growth)…”

“Even at floor pricing, we think NBMs sustain ~80% GMs across the multi-year contract lives, with upside captured through variable pricing mechanisms. We also view the LT financial model as embedding meaningful earnings leverage that we think is not fully captured in current consensus estimates, as mid-/high-teens% revenue growth ultimately translates into an EPS growth CAGR north of 25%. Layered on top, management's commitment to returning 100% of excess cash flow to shareholders should drive an aggressive share count reduction trajectory that further amplifies EPS growth on a per-share basis.”

I think this is a smart and strategic move for them. This’ll allow $META to significantly cut hardware costs to run their AI models like Llama, for example.m

Preliminary data shows that incorporating HBF can materially reduce the number of high-end GPUs needed for AI inference. Industry estimates suggest this can yield up to an 8x capex efficiency improvement in server configurations according to $SNDK investor conference.

HBF offers up to 512GB of capacity per stack which vastly exceeds HBM limits and allows hyperscalers like $META $AMZN $GOOGL, etc to serve ultra-long context windows cheaply.

HBF also uses the open UCIe interconnect standard, which means less reliance on third-party chip providers, which is huge for $META imo cause they can now plug HBF memory stacks directly into their proprietary in-house AI chips MITA.

Again another example for of data center optimization that I’ve been talking about since June now. I think hyperscalers are realizing that FCF reserves are important for their share prices and we’re seeing this shift from “spend” to “optimize”.

"President Donald J. Trump signed a Proclamation "Securing American Drone Dominance" to address the national security threat posed by imports of drones and their components, including by strengthening America’s drone industry and supply chain."

"The Proclamation imposes a 100% tariff on drones of a certain size or with certain capabilities that are particularly sensitive for national security purposes, docking stations of these drones, and certain critical components of these drones. This drone category includes drones with a maximum takeoff weight of more than 25 kilograms and drones with thermal imaging capabilities."

As noted on the official Whitehouse page.

Pony.ai and Uber plan to roll out 2,000 robotaxis across Europe. The two companies also agreed to work together in the Middle East. Uber aims to become a commercialization platform for autonomous vehicles.

Something people should consider is that more than half the articles are now created by AI than humans.

A recent study done by Dirk HR Spennemann in “Delving into: the quantification of Ai-generated content on the internet” suggests that at least 30% of the text on active web pages is generated or assisted by AI, and that the true proportion of AI content on active web pages is rapidly approaching 40%.

Now imagine your favorite LLMs getting trained on this data that was, you guessed it, generated by your favorite LLMs. You can think of this phenomenon as almost an inbreeding of data. I think the big AI labs in the U.S. know this and are working on solving this issue.

As I’ve noted in my previous posts and articles that you can find on my X and Reddit, ultimately I think this will give fresh proprietary data providers significant pricing power. Not only that but proper sorting and assessment of this data would be equally as important. This is one of the reasons why I like $SMWB and $ESTC . Both which have performed quite well since I first posted about them.

I have more names that I’m tracking and currently own in this theme. I’ll talk a bit about this in my next spaces (new episode every Friday). So tune in!

Median Manhattan apartment rent on new leases hit a record $5,000 in July, up 6.4% YoY, while available listings fell more than 39%.

Luxury rents jumped 31% to $13,750, and more than 1 in 4 apartments were leased after a bidding war.

Leasing volume is actually down 19%.

Bloomberg reports that President Donald Trump has been sued by two media organizations seeking to block Trump Media & Technology Group Corp’s controversial plan to sell high-speed, premium access to his Truth Social posts.

The federal lawsuit was filed on Wednesday in New York by news outlet The Intercept Media and the non-profit Freedom of the Press Foundation.

Agentic token usage on OpenRouter reached 7.3T on a 7-day average by Aug. 10, up 14x from Feb. 6. Human token usage rose from 0.5T to 1.4T over the same period, up 2.8x.

China’s YMTC just jumped to No. 3 globally in NAND shipments, surpassing Micron, Kioxia & SanDisk with a 14% share in Q2.

Note: Enterprise SSDs now account for 48% of global NAND shipments, nearly double the 26% share a yr ago, as AI workloads move from training toward inference