AWS, Google and other generative AI providers are quietly tempering expectations with their salespeople, saying the hype about the technology [AI] has gotten ahead of what it can actually do for customers at a reasonable price: theinformation

Tornado Cash dev Alexey Pertsev found guilty of money laundering by Dutch court: link

GameStop +125% pre-market

$GME at $70

Alexey Pertsev sentenced to 64 months in prison.

POWELL: Restrictive policy may take longer than expected to bring inflation down.

Elon Musk's xAI nears $10B deal to rent Oracle's AI servers: theinformation

Google's I/O event:

—Google's 'Project Astra'- A universal AI agent helpful in everyday life. [video]

—Announces search engine version powered by AI, biggest update to its search engine in 25 years.

—Expanded the Context Window to 2M Tokens = 1.4M words or 2hrs of video or 22hrs of audio. [Coming later this year]

—1M tokens context window for Gemini Advanced subscribers [longest context window of any chat bot].

—Launches Firebase Genkit, a new open-source framework for building AI-powered apps.

—Announces Gemma 2, an updated 27B parameter version of its open AI model, launching in June.

—Project IDX, an AI-powered browser-based dev environment, enters open beta: link

—Google bringing AI capabilities to it's major products like Maps, Gmail, etc

—Announces Search using Video.

—Gemini Models: Ultra, Pro, Flash and Nano— try here: https://aistudio.google.com

Lens Network migrating to zkSync: link

Lens launching Lens Network on Ethereum: link

North Korea laundered $147.5M through Tornado Cash in March after stealing it last year from a crypto exchange, HTX: reuters

[-20%]

April CPI in 10 minutes:

Consensus:
—MoM: 0.4%
—YoY: 3.4%
—Core MoM: 0.3%
—Core YoY: 3.6%

April CPI:

MoM: 0.3% [Est. 0.4%, Prev. 0.4%]
YoY: 3.4% [Est. 3.4%, Prev. 3.5%]
Core MoM: 0.3% [Est. 0.3%, Prev. 0.4%]
Core YoY: 3.6% [Est. 3.6%, Prev. 3.8%]

Biden and Trump both accepted the CNN debate invitation for June 27.

Blast airdrop is launching on June 26 [delayed]

Millennium Management disclosed a ~$2b Bitcoin ETF holding, 3% of their $64b fund: db

Sam Trabucco submitted a character reference letter for Ryan Salame: link

Bybit is blacklisted in France. The AMF reserves the right to take legal action to block the site: AMF

*Investors should prepare for a possible sudden cessation of the platform in France.

US Inflation Data Was Accidentally Released 30 Minutes Early— Full investigation underway: BBG

FED'S BARKIN: CPI still not where the FED is trying to get.

—Earlier WSJ reported that more data is needed to confirm the downtrend. The Fed may hold off cutting rates until Sept..

⚠️Reports: pump(.)fun Exploited [flashloan exploit]

—Vulnerability in pump(.)fun: 𝕏
—Pumpfun under attack: 𝕏
—Alleged attacker: 𝕏
—marginfi is completely fine and attacker using marginfi for the attack: founder
—tldr: 𝕏

Biden: No one should be in jail just for using or possessing marijuana.

—DOJ reclassify marijuana from a Schedule I to a Schedule III drug under federal law.