BofA’s Simon Woo: Samsung’s LTAs are structured on supplier-friendly terms, with price declines capped while price increases remain broadly uncapped. For example, QoQ price declines are limited to less than 5%, whereas increases of 10–20% or more are allowed.

Samsung and its union reached a tentative agreement at the last minute just before a planned 18-day strike, ending five months of negotiations over profit-sharing bonuses. The proposed deal includes: >A 12% profit-sharing bonus for workers >Additional uncapped payouts from the semiconductor division >A 10-year treasury share program While the union had pushed for a 15% bonus, the agreement still compares favorably to the 10% offered by SK Hynix. Union members are set to vote on the proposal between May 21 and May 28. Samsung also said it plans to take a more cooperative and humble approach to labor relations moving forward

Bessent's promotion of the FIMA Repo Facility is just theatre to boost the effect of his FX intervention - similar to his leaking of the his 'to do list.' FIMA Repo makes no sense for Japan. The open secret is Japan already has hundreds of billions of dollars parked at the Fed's foreign repo pool, basically a checking account for foreign central banks. This can be inferred from public data after the facility was uncapped. Also note private sector repo is abundant, trading at notably lower rates than the FIMA facility offering rate, and would not be publicly disclosed weekly. Of course, Japan has access to standing Fed swap lines too. So it never has to sell Treasuries to get dollars.

BREAKING: South Africa's satellite internet plans are facing new scrutiny as AfriForum calls for greater transparency over the selection of BrainSAT and its UAE partner, Space42. 🇿🇦 • A formal information request has been submitted seeking details about the selection process. • According to reported comparisons, Thuraya-4 offers speeds of up to 1 Mbps, while Starlink averages around 241 Mbps with much lower latency. • A 10 Mbps YahClick package is reported to cost R2,033 per month with a 150 GB soft cap and approximately 720 ms latency. • Uncapped Starlink plans in neighboring countries reportedly start below R500 per month. The reported performance comparisons and the transparency request were published by MyBroadband and AfriForum.

A fan-made native PC version of Donkey Kong 64 is in development, but the team announced the project early for an unusual reason. The developers say another DK64 recompilation project relies heavily on AI “vibe coding,” and they wanted players to know there’s a version being built by people with years of experience working on the game’s code. “We want to get our intention out that we’re doing a recomp of actually good quality before our competitor releases their poorly made one.” The project aims to bring Donkey Kong 64 to PC with modern features including -high-resolution support -uncapped frame rates -widescreen support -mod support -cross-platform compatibility Like other recompilation projects, it won’t include Nintendo’s copyrighted game assets

Elon Musk just pulled off the biggest AI power grab of 2026. Tesla is capping every employee at $200 a week on AI spending starting Monday, July 6. Media's celebrating it as cost control. But what Elon actually built is an expense policy that redirects his own engineering workforce off Claude and onto Grok, while every competitor gets throttled by internal procurement rules. Here's what happened: Tesla spent the last six months pushing engineers to use AI as aggressively as possible. Leadership built an internal platform called Bottle Rocket that gave employees access to Claude, GPT, Gemini, Grok, and Cursor. They gamified adoption by ranking engineers on internal leaderboards by how many AI tokens they consumed. The strategy worked. Software engineers started burning THOUSANDS of dollars a week on Claude and Cursor. Then the invoices arrived and Tesla panicked. But they didn't pull the standard cost-control response... The loophole: The $200 weekly cap does not apply to beta products from xAI. Grok is completely exempt from the cap. Anthropic's Claude, OpenAI's GPT, and Google's Gemini all get throttled at the same $200 line. Four Tesla engineers told Electrek that internal usage overwhelmingly favors Claude over Grok. That preference is about to become financially punishing overnight. The genius part: This quarter SpaceX is closing a $60 billion all-stock acquisition of Anysphere, the parent company of Cursor. The moment that deal closes, Cursor's Composer coding model falls under the same Musk-controlled ecosystem, and any Tesla engineer choosing between a capped Claude session and an uncapped Composer session will pay a financial penalty for using the tool they actually prefer. By exempting only his own products from the cap, Elon is using Tesla shareholder money to build market share for xAI without ever having to disclose that is what he is doing. Because on paper, it is cost control. Now zoom out to what this signals for the wider AI narrative: Uber capped employees at $1,500 a month after burning $3.4 billion in four months. Meta introduced spending caps. Amazon and Walmart pushed staff toward cheaper models. Microsoft canceled Claude Code licenses across 100,000 engineers. Every Fortune 500 that pushed heavy AI adoption in 2025 is now rationing it in 2026. Meanwhile Nvidia is trading at a $5 trillion market cap. That entire valuation assumes enterprise AI consumption is about to explode across the economy. But every company actually deploying AI at scale is telling their own engineers to slow down. One of these narratives is lying. Goldman Sachs still forecasts a 24x increase in token consumption by 2030. Gartner says total enterprise AI costs will keep climbing because agents consume exponentially more tokens per task. Jensen Huang keeps repeating that 100 AI agents will work alongside every employee. And now the CEO of the most agentic company on the planet just told his own engineers they cannot spend more than $200 a week on the tools those agents need to run. Retail investors buying Nvidia and Palantir today are betting enterprise AI adoption compounds without limit. The CEOs deploying AI inside those same enterprises are betting the exact opposite, in writing, by internal memo. Thoughts?