Reflection AI will pay SpaceX $150 million a month for Nvidia GPU access at Colossus 2, in a contract worth up to $6.3 billion through 2029.
Posted inMarkets
Micron guides Q4 revenue to $50 billion as AI memory demand outruns supply
Micron reported Q3 FY2026 revenue of $41.46 billion — smashing guidance by $8 billion — and guided Q4 to $50 billion as AI memory demand outpaces chip supply.
Posted inEconomy
US and India near a trade deal with a July 24 tariff deadline forcing pace
USTR Jamieson Greer completed a June 22-24 New Delhi visit with both sides saying a trade deal is imminent before the July 24 tariff deadline on Indian goods.
Posted inGeopolitics
Ukraine destroys Saky airfield hangars and air defences, cutting Crimea power
Ukraine struck Saky airfield in Crimea on June 24, destroying four aircraft hangars and two Pantsir-S1 systems, leaving half the peninsula without electricity.
Posted inWorld
Keir Starmer resigns as UK Prime Minister after Reform’s local election surge
Keir Starmer resigned as Prime Minister on June 22, less than two years in office, after Labour shed 1,496 council seats to a Reform UK surge in May elections.
Posted inTech
Forty-two state attorneys general subpoena OpenAI days after its IPO filing
A coalition of 42 states subpoenaed OpenAI just four days after its IPO filing, targeting ChatGPT’s health data practices, treatment of minors, and a design flaw called model sycophancy.
Posted inMarkets
KOSPI tumbles nearly 10% as South Korea’s AI semiconductor rally cracks
South Korea’s KOSPI fell 9.99% on June 23, triggering a circuit breaker absent since the 2020 COVID crash, as SK Hynix and Samsung each lost more than 12% in a single session.
Posted inEconomy
Fed holds rates and removes forward guidance in Warsh’s hawkish debut
At his first FOMC meeting on June 17, Kevin Warsh held rates at 3.5–3.75% and stripped forward guidance, with nine of 18 officials now projecting at least one rate hike in 2026.
Posted inGeopolitics
Ukraine destroys North Crimean Canal railway bridge in overnight operation
Ukraine destroyed the railway bridge over the North Crimean Canal on June 23, striking over 60 Russian targets in an operation aimed at severing the occupied peninsula’s supply lines.
Posted inWorld
Far-right lawyer De la Espriella wins Colombia’s presidential runoff
Abelardo de la Espriella won Colombia’s June 22 presidential runoff with 49.7% against leftist Ivan Cepeda’s 48.7%, ending four years of leftist governance in the closest election in the country’s modern history.