Warren Buffett's Berkshire Hathaway made a headline-grabbing move with a $10 billion private placement in Alphabet to fund AI infrastructure, signaling a major conglomerate pivot into AI (report). [P]Apple plans to ship a Gemini-powered Siri at WWDC, tightening the AI assistant race as devices and cloud partners jockey for advantage (CNBC), and SpaceX's record-breaking $75B IPO looms June 12 with forecasts it could deploy proceeds into Nvidia-backed AI acquisitions (analysis). Meanwhile, rising jet fuel costs tied to the Middle East conflict are pushing airlines toward consolidation and bankruptcies, a reminder that macro shocks still bite even in an AI-fueled market (IATA warning).

Affordable housing policy is front-and-center in Los Angeles as progressive Nithya Raman surged into a runoff with incumbent Karen Bass, keeping housing justice and development fights in play (LA Times). [P]The Housing Authority of LA (HACLA) quietly expanded inventory by buying a 44-unit Sawtelle complex for $16.7M under fast-track permitting (report), even as federal policy shifts away from housing toward addiction and mental-health programs spark criticism and concern over rising homelessness (coverage).

Investors may lean more on property as forecasts warn Social Security cuts up to $500/month by 2032, nudging retirees toward rental income and cash-flow strategies (analysis). [P]Tax policy is playing defense too: bonus depreciation is being used as a powerful write-off to lower taxable gains and accelerate returns for syndicators (HousingWire), while data-center developers are vertically integrating power to support AI loads — a structural tailwind for industrial real estate but a new ops headache for landlords (exclusive).

Hivemind Capital teamed with UC Berkeley to launch the darkmatter lab, a program aimed at commercializing frontier research earlier and seeding startups before companies even form (read). [P]The SpaceX IPO is being framed as proof capitalism can still turbocharge entrepreneurship, while vocational education is surging as Gen Z seeks debt-light, AI-resistant career paths that feed new small-business formation (Forbes, trade-school report).