Chinese Chipmakers Buy 3-Year Sanctions Buffer As Huawei Spearheads Domestic Juggernaut

Beyond AI: NASA And DOE To Push Nuclear Power Into Space NASA and the Department of Energy signed a new space nuclear agreement Thursday, putting another piece of Washington’s reactor ambitions on paper while private developers race to meet some of the near-term goals. The nuclear energy renaissance story has been increasingly linked to the buildout of data centers for AI. NASA is reminding folks that ChatGPT is not the only customer for fission. We’re getting America underway on nuclear power in space and ushering in the era of a Nuclear NASA....

Satellite Data Shows Iran Moving Crude Through Hormuz Chokepoint, Putting Kharg Island In Focus Ten days into the U.S.-Israeli Operation Epic Fury against Iran, which has forced shut-ins at major Gulf oil and gas facilities, disrupted production at key oil fields, sent stockpiles soaring, sparked a global energy crisis (Brent crude hit $119/bbl highs overnight) and severely disrupted commercial shipping through the Strait of Hormuz, the world's most critical energy chokepoint, new satellite imagery data from TankerTrackers, first cited by Bloomberg, suggests Tehran has recently moved substantial volumes of crude...

75% Of US GDP Growth In The First Quarter Was Due To AI On the surface, today's final revision (aka 3rd estimate) of the US Q1 GDP print was unremarkable: Real GDP grew 2.1% annualized in the first quarter, a reversal of last month's downward revision of 1.6%, but back to where the original print was when it was reported in April, when the BEA reported 2.0% growth.  The print reflected a downward revision to imports, which are a subtraction in the calculation of GDP, that was partly offset by a...