"Software alone is a commodity. [..] The only way to build a defensible business model, is to own a network of users, transactions, and/or data.”
— @fredwilson, VC (via @CBinsights)
1/6 Morning Brew☕[Jun/17]
The Warsh Fed's Hawkish Pivot: Fed holds at 3.50%-3.75% under new Chair Kevin Warsh, crushing near-term rate cut hopes. Short yields spiked, flattening the curve. $USD caught a massive bid, completely decoupling from EM risk-on momentum.
1/8 Morning Brew ☕ Market Recap [Jun/14]
SpaceX debuted on public markets, absorbing massive capital without a liquidity vacuum. S&P 500 closed its 10th winning week in 11, backed by strong buybacks. Mag 7 lagged S&P 493, showing capital broadening into semis & cyclicals. #SPX
and suddenly a BCI moves from the lab into society. That’s the real story. China isn’t “beating” the U.S. on neural engineering wizardry; it’s pulling ahead because it’s constructing the first end‑to‑end pipeline, regulation, insurance, deployment,
Distribution is ~61.82% of the friction:
China’s sign‑off on Neuracle’s NEO system, the first invasive BCI actually allowed to be sold in the real world, is a reminder that technological leadership isn’t just about who has the sleekest hardware, it’s about who builds the on‑ramps
Where U.S. players like Neuralink and Paradromics are still stuck in trial mode and waiting for a patchwork of private insurers to maybe, someday, cover them, China simply flips the switch: one national approval, one national reimbursement pathway,
Just in!
Unitree files for a ~$610M IPO after delivering 5,500+ humanoid robots, ~1.7B RMB in revenue, and gross margins above 60%, making it the only company in the category operating at scale with profitability.
This IPO sets the first public market benchmark for humanoid robotics and begins to define how the sector will be valued, funded, and expanded going forward.
If you are an AI safety researcher, book a flight ticket to Tokyo now and watch the "AI dog in chain" art exhibition. Our pre-training data is evolution and mostly physical intelligence. It's the best way to witness and ponder on the meaning of AI safety.
XMAQUINA just crossed $10M raised.
Our transparent auction system brought 2,000 individual contributors and top venture funds together on equal terms.
As the robotics market booms, @xmaquina is opening access to one of tech’s most explosive sectors ↓
https://t.co/vPwFsDK3sm
Prediction; malls will get (back alley) "service lanes" with delivery robots picking up online orders. And residential towers will get dedicated dumbwaiters for delivery robots. No more door sills and automatic utility doors in buildings.