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👋 Welcome! Today, we’re covering a range of topics from the global AI production race to how AI is changing the recruitment industry. Get ready for a full spectrum of insights that will keep you informed and engaged!
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AI & TECH
The AI Cold War begins – Legislation introduced in Congress seeks to prohibit federal agencies from using AI systems developed by Chinese companies like DeepSeek, citing national security threats and fears of intellectual property theft. Lawmakers describe the move as part of a broader strategy to confront China’s growing influence in the global AI arms race.
Google introduces open-source AI agent – Google has launched Gemini CLI, an open-source AI agent for terminal use. It offers fast, local access to Gemini models with integrated Gemini coding assistance and beyond—supporting content creation, research, task management, and more. It’s designed as a versatile, lightweight tool for developers and professionals.
Nvidia sets another record with ‘Golden Wave‘ of AI – Nvidia shares surged over 4% closing at around $154 yesterday, reclaiming the world’s most valuable company at roughly $3.76 T, overtaking Microsoft. This surge is largely due to analysts raising price target with strengthening AI demand and softening of China-U.S. tensions.
CAREER & WORK
HR employees in the thick of it – Human Resources professionals are facing an emotional crunch. Over the past 18 months, layoffs, strict return-to-office mandates, and immigration enforcement have exponentially increased their workloads. Many HR staff are experiencing burnout, safety fears, and high turnover—raising serious questions about the field’s future
Stable careers are now a myth – A new Fortune survey finds 61% of U.S. workers believe stable full-time jobs no longer exist, with 72% of Gen Z feeling the same. It also highlighted that few employees aspire for leadership positions, reflecting deep pessimism about job security and trust across corporate America for younger generations.
If you don’t want to read about it, move on – Citadel CEO Ken Griffin told recent grads in a S&P Global interview that genuine interest—measured by enthusiasm for reading books about your profession—is essential for career success. He advises experimenting in your 20s, but warns that if the subject doesn’t engage you through information you gather through literature, it’s time to move on.
ECONOMY & FINANCE
Crypto creeping its way in to housing – The Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to begin treating cryptocurrency holdings—stored on trusted U.S. exchanges—as mortgage assets. This would allows borrowers to include crypto holdings in federal mortgage applications without needing to liquidate them. Backed by Trump’s vision of a crypto-friendly America, this move opens more doors for crypto use cases while raising concerns on managing the innate volatility.
Home sales slump in U.S. – U.S. new-home sales plunged 13.7% in May to 623,000 units, marking the lowest level since October 2024, while existing-home sales dropped 0.7% year‑over‑year. Elevated 7% mortgage rates and increasing inventory—now at 507,000 units—are squeezing affordability and buyer demand.
J.P. Morgan debuts its largest active ETF – J.P. Morgan Asset Management has unveiled its largest ever active ETF, the JPMorgan Active High Yield ETF (JPHY). Backed by a $2 billion external client anchor, it plans to allocate at least 80% to high‑yield bonds and other debt securities rated below investment grade. The move underscores renewed investor appetite for active fixed‑income strategies as high interest rates prevail.
VC & FUNDING
Wispr Flow wins $30M for revolutionizing dictation – Wispr Flow raised $30 million in a Series A led by Menlo Ventures, bringing total funding to $56 million. This AI-powered dictation app—available on Mac, Windows, and iOS— allows users to type just by mouthing words silently. It now supports 104 languages and is growing users 50% month-over-month.
Pangram working on AI-detection model – Pangram, founded by ex‑Tesla and Google engineers, secured a $4 million seed round led by ScOp, joined by Script Capital and Cadenza. Its AI-driven platform—with clients like Quora and NewsGuard—uses active learning to detect machine‑generated text, aiming to catch unethical use of AI in writing.
BIG THINK
AI in Hiring: Efficiency Gains Tainted by Cheating Risks
AI is reshaping recruitment, offering swift screening and data-driven insights—but tests of integrity and equity are increasingly under fire.
Hundreds of firms now deploy tools that automate resume ranking, speeding early selection. One report found that leading companies rely on AI to assess applications, though recruiters continue human review of shortlisted candidates. Further cases of using AI to streamline hiring can be exemplified from outsourcing giant Capita. They launching AI-powered hiring this summer, cutting weeks-long timelines down to hours by automating repetitive tasks. The efficiency gains are clear—but so are the risks of opaque AI judgments.
Adding complexity, AI-facilitated interview cheating is surging. A San Francisco startup raised $15 million for Cluely—a tool that whispers real-time answers during coding interviews—designed to be “undetectable”. Cluely’s founder argues it levels the playing field in tech interviews, but firms like Google are reconsidering remote coding assessments and some reverted to in-person formats to maintain integrity. This arms-race tension places the onus back on employers to verify candidate authenticity.
Equality concerns also proliferate. Studies show AI interview tools misfire on non-native accents and disability markers, with false negatives reaching up to 22%. Another flagged resume-screening systems favoring white and male-sounding names 85% of the time. To counteract this, states like California now require bias audits and retention of algorithmic decisions.
Proponents continue argue AI can reduce human bias and scale outreach, with 92% of companies planning to increase AI use in HR with AI tools boosting recruiter efficiency—if coupled with “trust-but-verify” measures.
Ultimately, the AI arms race in hiring reflects both promise and peril—offering speed and insight at the cost of fairness and transparency.
Actionable Insights:
Embed Human Oversight in AI Workflows: AI should assist—not decide. Maintain human involvement in resume reviews, interviewing, and final hiring steps to ensure fairness and contextual judgment.
Audit Transparently and Maintain Records: Implement routine bias assessments, preserve AI decision logs, and clearly document AI use during hiring to comply with regulations and build candidate trust.
JOBS & OPPORTUNITIES
Business Development Representative | Full time | In‑person | LIC, NY
New Grad Software Engineer | Full time | Hybrid | NY,NY
Junior UI/UX Designer | Full time | In-person | Chicago, IL
Entry Level Marketing Associate | Full time | Remote
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THE NUMBER:
6.28 m
men's pole vault world record broken by Armand “Mondo” Duplantis at the Stockholm Diamond League (June 15, 2025).
WISDOM
“On matters of style, swim with the current, on matters of principle, stand like a rock.”