Dr Efi Pylarinou

Cloud era: accumulate data. AI era: accumulate learning. Satya Nadella's "Reverse Information Paradox" is really a moat problem - across customer, enterprise, ecosystem. Thinking like an AI-native is strategy. Acting like one is the moat.

SK Hynix CEO Kwak Noh-jung has warned that the global memory chip market will face unprecedented supply shortages in 2027. He noted that demand is expected to outstrip manufacturing capacity well into the 2030s. SK Hynix is a leading South Korean semiconductor manufacturer. This anticipated supply constraint is largely driven by the increasing demand for artificial intelligence infrastructure. ow.ly/WVYg50ZnkSE

OpenAI kills its Atlas browser after just eight months and folds everything into ChatGPT 🛜 ow.ly/I7Wr50ZmJyV

An AI agent startup just let its agent run its $100M fundraise | TechCrunch ift.tt/oATVPm8 This is self-reported and fundraising isnt the same as managing risk. Lyzr, which builds AI agents for enterprises, used its own agent, SivaClaw, to field investor questions, draft memos and track engagement across its $100 million Series B at a roughly $500 million valuation. Lyzr says it drew $400 million of investor interest without a founder traveling for in-person meetings.

A KPMG survey found 51% of banks piloting AI agents across wealth, trading, treasury and client vetting, with Goldman Sachs, Citi and Morgan Stanley naming concrete deployments. Morgan Stanley's wealth AI lead says her team is now defining which roles are human, hybrid or fully agentic. buff.ly/ftszU3V

Similar to incumbents in the previous decade, dropping Fintechs to build in-house. Now Hyperscalers are terminating partnerships with other Fintechs.

Eight JPMorgan agents beat the 60/40 portfolio in backtests. JPMorgan still won't hand an agent the wheel. JPMorgan AI Agents vs 60/40 — buff.ly/lw6pWZ0

Humanoid robot performs surgery in historic medical first at UC San Diego 🤖 🏥 ow.ly/KkPX50ZmJwm

Bank of England, PRA and FCA now oversee AWS, Google Cloud, Microsoft and Oracle as UK Critical Third Parties, effective today. But the regulator isn't asking what cloud you use. It's asking what your fallback is. The FALLBACK chute is what banks are actually being regulated on. buff.ly/qJ1QstI

🚨🚨SCOOP: Trump-linked fintech tied to "no KYC" crypto card programs, including one marketed for Iran sanctions evasion. Issuing partners have included Sutton Bank, Marqeta: You’ve probably heard of World Liberty Financial, the crypto platform launched by then-candidate Trump shortly before the 2024 election. You may have even heard of ALT5 Sigma — recently rebranded as AI Financial Corporation — into which World Liberty led a purported $1.5 billion investment in 2025. But you probably have not heard of ALT5 subsidiary MSwipe, a Quebec-based middleware-style payment card issuing platform, which also operates under the name Stradacarte. MSwipe, according to its own documentation and staff, offers so-called “no KYC” cards, ostensibly to be used for media buying — purchasing ads on popular platforms like Google and Facebook/Instagram, as well as across the web and in mobile apps through demand side platforms. But such cards can also be exploited by bad actors for illicit uses, including paying for ads to promote scams or counterfeit goods, as well as use for money laundering and sanctions evasion. MSwipe/Stradacarte works with 14 banks and program managers, one of its staffers told me, which appear to have included: -Wex, most commonly known for its fleet card offerings, though the company, which has a banking subsidiary, also operates a virtual card issuing service marketed to fintechs; -Marqeta, a card issuing platform popular with fintechs that partners closely with Sutton Bank. Sutton Bank confirmed it has worked with MSwipe, but stated that it was “a past relationship” that “ended in Q1 of 2026”; -Corpay, previously known as Fintwist, which issues payroll cards and prepaid cards through its relationships with Regions Bank and Republic Bank & Trust; -ConnexPay, a B2B payments platform that supports virtual card issuing, including in GBP and EUR, through its relationships with The Central Trust Bank and MVB Bank; -and ViaCarte, a Panama- and Bahamas-based principal member of Visa and Mastercard that offers programmatic virtual card issuance. Directly asked if KYC is required for media buying use cases — paying for ads on Google, Facebook, etc. — a Stradacarte staffer told me, “Because it is a media buy program, we don’t need to collect KYC for individual cardholders, so you can essentially just keep reusing the same cardholder name and address for all the cards you’re creating, if you want to. You just have to populate the cells with any information you want, and the card will work, as long as when you’re doing the transaction it matches the information you inputted correctly.” Multiple sources told Fintech Business Weekly that various “no KYC” crypto card programs have leveraged MSwipe/Stradacarte to power their offerings, including Alphaspace and Bitsika. Much more on this in Sunday's Fintech Business Weekly.

🔺Kraken to rebuild mobile app around AI trading agents ow.ly/9Ugq50ZmJtA

A landmark shift in systemic tech risk oversight. BoE, PRA & FCA now formally oversee AWS, Google Cloud, Microsoft & Oracle as UK "Critical Third Parties," effective today. UK regulators to begin overseeing Critical Third Parties | Bank of England buff.ly/qJ1QstI

NYC's biggest June raises: Ramp ($750M), Cyera ($600M), Flourish ($500M), Digital Asset ($355M) & more. Backers incl. Bezos, Sequoia, Temasek. The 10 Largest NYC Tech Startup Funding Rounds of June 2026 buff.ly/Mxwh7tH

‘We cannot choose to become idiots’: a Brown professor’s proof of mass AI cheating ‼️ A Brown professor let his class sit take-home exams. The average hit 96. Then he made the final in-person, and the score crashed to 48. The gap, he says, is a warning about what AI is doing to learning. ow.ly/92Le50Zmirs

OpenAI is hiring an investment banking SME to teach ChatGPT dealcraft - valuation, diligence, modeling, evals. Banks should pay attention. OpenAI job listing suggests ChatGPT could someday replace junior analysts at Goldman Sachs buff.ly/IYkpT03

Told ya! When hype dies, economics matters the most 🙂! This is a shrewd move by Anthropic: Financial Wartime Fed Chairman, A Noble Prize winner economist, Ben Bernanke @benbernanke is joining @AnthropicAI Long-Term Benefit Trust! Long-Term Benefit Trust is the company’s independent governance structure that advises Anthropic and appoints its board members. Things are getting interesting in Frontier AI labs space! cc @EdLudlow @dvellante @efipm @furrier

🔺 The First AI‑Designed Vaccine Has Been Tested in People. Here’s What Happened. Scientists used AI to find targets shared by thousands of related viruses and build what they hope is a universal vaccine. ow.ly/VSfT50ZmhlO

"Why sell refrigerators to Eskimos?" Paolo Ardoino explains why Tether isn't chasing the US. One of ten signals from Point Zero Forum 2026 in my latest Substack article

The Lab Mistake That Might Revolutionize Computing 😳 ow.ly/A9g950Zmiuo