Futures, Gold Jump As Yields Fall Despite Surging Oil As Recession Fears Surpass Inflation Concerns

US Deploys Ukrainian-Style Drone Boat In Iran War As AI Weapons Race Accelerates The Department of War confirmed to Reuters that it deployed Ukrainian-style drone boats to the Middle East as part of Operation Epic Fury against Iran. This move signals that the DoW is quickly learning a major lesson from the four-year Russia-Ukraine war: inexpensive autonomous systems, from drone boats to kamikaze drones, are necessary and are becoming core assets (very cheap) on the modern battlefield. Tim Hawkins, a DoW spokesperson for Central Command, told the outlet that the...

House Passes Dem Resolution to Block U.S. Military Action Against Iran In Narrow Vote The U.S. House of Representatives passed a resolution on June 3 directing the withdrawal of U.S. troops from armed hostilities with Iran, in a closely divided 215–208 vote. Four Republicans joined Democrats in supporting the measure, which invokes the 1973 War Powers Resolution to require President Donald Trump to either end the operations or seek explicit congressional approval to continue them. The resolution comes amid ongoing tensions in the region. Although Washington and Tehran announced a ceasefire on April...

DeepSeek Developing In-House AI Chip In Bid To Cut Nvidia Reliance DeepSeek is developing its own artificial intelligence chip, a move that could reduce its reliance on both US-based Nvidia and China-based Huawei. Leading model developers are increasingly seeking to control more of their compute stacks, particularly for inference, as AI models move from training labs into the mass market. DeepSeek is the latest company to pursue this strategy by developing a new in-house inference chip, Reuters reports. If successful, this effort would mark a major shift for the Chinese AI chatbot...