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  • 🤖 AI chiefs woo Congress | 🎮 Switch 2 preorders open | 🏛️ Big Tech’s regulatory hangover

🤖 AI chiefs woo Congress | 🎮 Switch 2 preorders open | 🏛️ Big Tech’s regulatory hangover

Altman cozying up to senators, Nintendo testing your F5 reflexes, and Silicon Valley rifling through its subpoena drawer.

🔥 Warm-Up

Welcome back, oh brave click-navigator—let’s pump some knowledge into your neurons.

  • America’s AI big-three are parading into the Senate with a “please fund us” deck and some China-size fears.

  • New research claims that when you ask chatbots to “keep it brief,” they happily start riffing fan-fic.

  • Nintendo just cracked open Switch 2 invite registrations—hours left before scalpers start composing sonnets.

  • Brussels waves €500 million at U.S. scientists who’d rather not survive on vending-machine grants.

  • Silicon Valley’s post-Inaug glow faded fast; antitrust subpoenas now arrive faster than AWS credits.

💹 Market sentiment

Stocks eked out a green close after the Fed stood pat, and a late-day chip rally nudged the S&P 500 and Nasdaq higher.

Government-bond yields bobbed but stayed under recent highs, while the dollar kept yesterday’s pop alive. Traders are glued to U.S.–China tariff headlines and tomorrow’s non-farm payrolls for the next volatility jolt.

Translation: risk-on is fine—as long as CPI behaves and nobody tweets “tariff hike.”

🕵️‍♂️ $SPY ( ▼ 0.7% ) 
🇩🇪 $DAX ( ▼ 0.2% ) 

🚀 Today in Tech

Altman, Su & Smith Bring the AI Wishlist to Washington

  • Source: https://www.reuters.com/world/us/us-ai-execs-give-congress-policy-wishlist-beating-china-2025-05-08/

    TL;DR: OpenAI’s Sam Altman, AMD’s Lisa Su, and Microsoft’s Brad Smith testify today, urging the Senate Commerce Committee to loosen regs, pump research cash, and ease export rules so U.S. firms can out-innovate China. They’ll argue that democratic values need robust silicon, cheap energy, and home-grown talent. Expect pointed questions on chip bans and model safety. Lobbyists have stocked popcorn for the show.

Short Answers, Tall Tales? Chatbot Brevity Boosts Hallucinations

Nintendo Opens the Switch 2 Velvet Rope

U’s Half-Billion “Choose Europe for Science” Gambit

  • Source: https://www.wired.com/story/us-cuts-scientific-talent-europe

    TL;DR: Brussels is dangling €500 million in seven-year “super grants” to lure researchers spooked by U.S. budget cuts. The plan urges member states to push R&D spend to 3 percent of GDP and promises fast-track visas. Max Planck and Aix-Marseille have special hiring sprees lined up. Europe wants AI-to-quantum bragging rights; scientists want stable funding—match made in lab heaven.

Big Tech’s Post-Inaug Blue

  • Source: https://www.axios.com/newsletters/axios-am-efe8a0d0-2b7a-11f0-871f-dbb7ecce437f

    TL;DR: After bankrolling Trump’s return, Silicon Valley finds the love unrequited: Meta faces an FTC trial, Google juggles two antitrust suits, and Tesla’s brand cools under tariff crossfire. Apple and Nvidia cheer softer AI rules, but tariff exemptions are short-leash. Insiders dub it the “we ♥️ tariffs” hangover. The takeaway: campaign donations buy a seat—just not the playlist.

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