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Wells Fargo says the war in Iran is inflating the AI bubble

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Michael M. Santiago/Getty Images The Iran war is further inflating the AI bubble, Wells Fargo says, Though the ceasefire has held, there's little evidence a peace deal and reopening of the Strait of Hormuz are near. Wells Fargo sees the bubble inflating more, but isn't bearish. "Don't fight the tape. Own AI." The war in Iran has only fueled the AI bubble, Wells Fargo analysts said. The firm warned clients in a note that as the Strait of Hormuz is effectively closed, the AI trade bubble will keep inflating, but they don't believe that means it's time to sell AI or that a bubble is close to bursting. "There will be a breaking point, but until then, a closed strait actually fuels the AI bubble trade, in our view," the analysts said in a May 12 note, explaining, "You can't own anything but AI - that's how a bubble forms."' In a more recent note this week, Wells Fargo said, "We believe the closed Strait contributed to the A...
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Sources: the EU will propose temporarily lifting sanctions, imposed in April, on a major Chinese semiconductor supplier after automakers warned of shortages (Alberto Nardelli/Bloomberg)

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Alberto Nardelli / Bloomberg : Sources: the EU will propose temporarily lifting sanctions, imposed in April, on a major Chinese semiconductor supplier after automakers warned of shortages   —  The European Union will propose temporarily lifting sanctions on a major Chinese semiconductor supplier after automakers warned … from Techmeme https://ift.tt/fciQaRA
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August Robotics, which makes autonomous robots for construction and industrial applications, raised $30M led by Big Pi Ventures (Kyt Dotson/SiliconANGLE)

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Kyt Dotson / SiliconANGLE : August Robotics, which makes autonomous robots for construction and industrial applications, raised $30M led by Big Pi Ventures   —  August Robotics Ltd., a robotics automation company for construction and industrial applications, today announced it raised $30 million in new funding led by Big Pi Ventures. from Techmeme https://ift.tt/5QcThOG
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What investors need to know about the SEC's plan to allow tokenized stock trading

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Benoit Tessier/Reuters The SEC is working on a framework to allow for 24/7 trading of tokenized stocks. Stock tokens would track the price of actual shares, offering more liquidity and faster settlement. The idea offers some advantages for traders, but there are risks, market pros say. A plan in the works from the Securities and Exchange Commission could reshape stock trading in the US. Bloomberg reported this week that the SEC is gearing up to let investors trade tokenized stocks , issuing an "innovation exemption" for the cryto-like assets that would create a new 24/7 market that's parallel to the existing stock market. So, what's that mean exactly, and what should investors know? "An example could be a tokenized version of Apple or Nvidia would be a blockchain-based asset designed to track or represent the underlying stock," Shay Boloor, chief market strategist at Futurum Equities, told Business Insider. Crypto enthusiasts have said any real-world asse...
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Granta and the Commonwealth Foundation say they can't determine yet if AI was used to write a prize-winning short story after critics pointed to signs of AI use (The Guardian)

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The Guardian : Granta and the Commonwealth Foundation say they can't determine yet if AI was used to write a prize-winning short story after critics pointed to signs of AI use   —  Granta publisher says ‘perhaps we never will know’ true authorship of work that won Commonwealth prize from Techmeme https://ift.tt/p46xe0E
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Airbnb says it is adding luggage storage, airport pickups, car rentals, grocery delivery, and thousands of boutique and independent hotels to its platform (Jacob Passy/Wall Street Journal)

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Jacob Passy / Wall Street Journal : Airbnb says it is adding luggage storage, airport pickups, car rentals, grocery delivery, and thousands of boutique and independent hotels to its platform   —  Platform ramps up hotel-booking options, car rentals and AI-enabled features, expecting World Cup to drive record use from Techmeme https://ift.tt/gWt7f4P
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Google overhauls its search box, letting users ask longer queries, upload photos and videos, and use Gemini 3.5 Flash-powered agents to automate searches (New York Times)

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New York Times : Google overhauls its search box, letting users ask longer queries, upload photos and videos, and use Gemini 3.5 Flash-powered agents to automate searches   —  Powered by a new Gemini A.I. model, the tech giant is overhauling its search box to answer longer queries, introducing a video-generation … from Techmeme https://ift.tt/2vPe9lY
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