Tech moved so fast this week we couldn’t even play the new Mario Kart—but we also can’t get our hands on a Switch 2, anyway. Something about supply chain shortages.

Zuckerberg’s on a mission to headhunt his way to AI success and Apple is apparently on a mission to sabotage its own chances at the same.

Enjoy,
- Brandon & Blake

This is our tech edition for the week. Next Monday will be policy, and Wednesday will be finance.

This week:

With how quickly the market and investment climate are changing right now, we can’t afford to fall behind. You can always read the latest and most relevant finance news & updates at FinanceWrapped.com.

via CNBC​

Making rash purchases because you’re upset—relatable. Spending $14B because you’re upset—you lost me. In order to fix its AI problems, Meta is finalizing a $14 billion investment in Scale AI, hiring founder Alexandr Wang to lead a new AI research lab, and putting out job offers for a “superintelligence” team between seven- and nine- figures.

Alexandr Wang, known as a technically savvy "wartime CEO" who understands both AI complexities and business building, brings valuable intelligence on competitors' AI development approaches. Here’s a clip of Wang explaining his view of the AI Wars on Theo Von’s podcast. AltIndex rates $META ( ▲ 0.51% ) a strong hold.

via Stocktwits

Breaking: millennials who grew up playing N64s and Gameboys now have money. Nintendo's Switch 2 gaming system has become the company's fastest-selling device ever, moving over 3.5 million units in just four days after its June 5 launch.

The hybrid console has generated massive demand with fans lining up for hours worldwide. While initial sales have been stellar, Nintendo $NTDOY ( ▲ 3.84% ) faces production challenges as it works to meet sustained demand in an increasingly competitive market. Meanwhile… Sony announced that the PS5 has finally started outselling the PS4, five years after its release. Yikes.

So, you probably heard about Apple’s $AAPL ( ▼ 0.47% ) big failure at its own conference—but here’s a quick recap if you haven’t.

But it’s more than just people feeling upset about liquid glass and lame Siri functionality; investors are concerned that Apple has dropped the ball one too many times and will get utterly left behind by OpenAI, Anthropic, and Meta.

However, Apple didn’t go down without a parting shot: it released a research paper that essentially dunked on all the top AI models. It found that reasoning models and LLMs all totally fail to solve difficult puzzles, and essentially fall apart like AlphaGo in game 4 of its series against Lee Sedol. The paper was spicy, but it didn’t save Apple shares from dropping 3.5% in the past 5 days. AltIndex rates Apple a hold.

via AInvest

IBM has announced plans to build a fault-tolerant quantum computer by 2029, aiming for computational power 20,000 times greater than today’s systems. Not going to lie, this one’s way over our heads—but here are Nvidia CEO Jensen Huang’s thoughts.

The “Quantum Starling” project, based in Poughkeepsie, New York, will lay the groundwork for practical quantum applications in fields like drug discovery, materials science, and algorithm optimization. I wonder if they’ll take on Wordle.

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