The biggest theme is an AI binge: SpaceX spent three times more on AI than rockets, losing $6.3 billion in that segment ahead of a June 12 IPO filing — a splashy bet that has investors nervously recalculating risk. [P]At the same time, surging data-center demand powered Dell’s record $43.8B quarter and pushed memory-maker Micron toward a $1 trillion market cap, even as a Gartner survey warns many firms cutting headcount for AI saw no clear performance edge. Expect winners where infrastructure and chips meet — and awkward HR meetings everywhere else.

New York’s ambitious Zohran Mamdani proposal to build 200,000 units and preserve another 200,000 has critics crying government overreach even as state budgets add housing money. [P]Meanwhile, federal intervention hit Little Rock with HUD appointing control board members and researchers flagged a spike in Oakland encampment sweeps after a 2024 Supreme Court ruling, underlining that enforcement without housing supply is a policy short circuit. Add local fights over transfer taxes and wildfire rent-gouging suits and the result is more politics than plywood.

AI anxiety is bubbling up among founders — a Stanford grad warns the GSB to reckon with the risks ahead of Sundar Pichai’s speech — even as tools make launching easier for nontechnical entrepreneurs. [P]Programs like CDL-Cleveland are fueling healthcare startups and vibe coding and no-code agent platforms are lowering the barrier to ship products, turning more people into builders and keeping VCs on their toes. Entrepreneurship is getting both bolder and weirder — in the best possible way.