Shanghai Telecom revealed what AI monetization can look like. Not subscriptions. Not chat apps. Utilities. They launched a Token package: • unified access to 30+ models • pay via your phone bill • AI usage bundled like data plans AI is moving from “an app you open” to “a line item already embedded in your monthly bill.”

AMAT’s strength is that even if each individual tool may lag competitors in performance, AMAT has an extremely broad equipment portfolio, allowing it to propose bundled solutions across multiple tools. That gives them a structural advantage over companies that focus on refining individual tools one by one. After all, a fab does not run on a single piece of equipment. $AMAT

NEWS: SpaceX has renamed its residential Starlink hardware bundles as part of a product lineup simplification. - "Starlink Standard Kit" is now Standard 4 X, bundled with the 200Mbps and Max (400Mbps) residential plans - "Starlink Standard with Router Mini" is now Standard 4, shipping with the 100Mbps entry-level plan - The "4" refers to the current V4 dish model, not a new hardware generation - SpaceX also revealed a new power supply unit alongside the rename The change is naming only; no hardware has been updated or upgraded.

Developing (adjective) | de·vel·op·ing |: another word for trash. 😂 @Rjeff24 and @channingfrye take a trip down memory lane on the first episode of #Bundled#. @uninterrupted x @geico 📺:

On last week’s 20VC pod, @jasonlk articulated a simple product-level insight that can provide the clearest lens I've heard for thinking about the future of all these public SaaS companies. Every one of them will ship some sort of agent feature and that feature will fall into one of two buckets. 1. If the AI agent is “100% good” to quote Jason; i.e. good enough to charge for independently, revenue will re-accelerate and stocks go up 2. If the AI agent is “60% good” and bundled in with the existing product, then the best these companies can hope for is slow revenue growth with declining gross margins. That makes them IBM. And I don't even know the price of IBM. Why would I? What I like about this test is that it cuts through all the SBC/Terminal Value noise and lets you think like a venture investor. Is the agent product good enough that someone will actually pay for it? If a customer is already paying you for “tracking the workflow,” you can only get paid additional money for “doing the work.” Agent revenue is the canary in the coal mine for the future trajectory of all these companies.

June 26, 1974 German regulators shut down Herstatt Bank while New York was still open the banks in New York had already wired the deutschmarks that morning the dollars they were owed in return never came back that one afternoon gave FX its most important hidden risk: Herstatt risk. you pay one leg of a trade and never receive the other CLS bank fixed this in 2002. it sits in the middle and only releases each side's money once both have shown up. clears $8T+ a day across 18 currencies if you trade EUR/USD or USD/JPY, you've never thought about settlement risk. the plumbing was rebuilt before you started but CLS only covers those 18 currencies most emerging-market FX (BRL, IDR, NGN, EGP, VND, and more) still settles the old way. you pay first and hope the other side comes through stablecoins can easily close this gap. when both currencies are tokenized, the swap is a single transaction with both transfers bundled together. it either completes in full or doesn't happen at all. in other words, atomic 50 years of FX plumbing compressed into one primitive, and we're just seeing the start of it today