Edition №34

The One Thing

• AWS puts $1 billion into new AI unit to embed engineers with customers, joining growing wave

Signals

• Cleveland Fed President Hammack sees AI fueling inflation, says rate hikes may be necessary
• Small-cap stocks enjoy their best first half in 35 years. Here's what's driving it
• South Korea to spend $1T on more memory chip production and humanoid robots
• Tesla starts testing Cybercab without pedals or a steering wheel in Austin
• White House AI crackdown opens door for China to close gap
• Rhode Island becomes first state to mandate staffing ratio for self-checkout
• Containers lost at sea nearly tripled in 2025
• UK regulator wants Apple and Google to let devs steer clear of app store fees
• The AI jobs debate just got messier
• How top PMs increase their leverage with AI

Watch Your Back

• FTC Requires Amazon to Pay $2.25 Million to Resolve Charges It Knowingly Violated the Fair Credit Reporting Act
• Hackers Leverage Blockchain to Hit Japan's Hotels Through Booking.com

What's Being Built

• Cursor for iOS — Build with coding agents from anywhere
• Foresight by Lightning Rod — Predict anything with AI
• Akiflow — Manage tasks and calendars from Claude, ChatGPT or Cursor