Episode 370: U.S.-Iran Truce, Anthropic's Model Pullback, and SpaceX's Trillion-Dollar Milestone

The U.S. and Iran reach a ceasefire agreement ending their four-month conflict, with the Strait of Hormuz set to reopen and oil prices dropping to $80/barrel. Meanwhile, Anthropic pulls its most powerful models (Mythos 5 and Fable 5) following a Trump administration export control directive, marking a significant shift in AI regulation. SpaceX's blockbuster IPO surges 20% on its first day, pushing Elon Musk past $1 trillion in net worth and making the company the seventh most valuable public firm globally. In other developments, Meta's Applied AI unit faces an employee revolt over working conditions, OpenRouter launches Fusion—a multi-model API matching Fable's performance at half the cost—and Vanguard overtakes BlackRock as the largest U.S. ETF provider. Hosted on Acast. See acast.com/privacy for more information.