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DeepSeek just rolled out an upgraded version of its R1 AI model, saying it now reasons better and hallucinates less.

The company claims the update improves math, coding, and logical thinking, bringing it closer in performance to OpenAI’s o3 and Google’s Gemini 2.5 Pro. The original R1 shook up the AI world back in January, and the new version, DeepSeek-R1-0528, keeps the momentum going. Announcement came just before Nvidia's latest earnings — a reminder of how quickly China’s AI competition is evolving.
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US SAYS IT MAY ASK SUPREME COURT FRIDAY TO KEEP TARIFFS INTACT
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The All-In Podcast
🚨🌴 LIVE from miami: former f1 champion nico rosberg!

@NicoRosberg joins the besties to break down the booming business of f1 and his new career as a vc!

(0:00) the besties welcome nico rosberg!

(0:27) nico's history with f1, what makes a great driver

(6:24) the business of f1

(10:05) teammate rivalries, why "drive to survive" works, future growth

(16:48) post-f1 career, best angel investments, becoming a vc

(22:16) partner shoutouts: thanks to okx, circle, polymarket, solana, bvnk, and google cloud!
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https://t.co/dCibioK3ST

US SAYS IT MAY ASK SUPREME COURT FRIDAY TO KEEP TARIFFS INTACT
- Wall St Engine
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US NUCLEAR POWER REGULATOR APPROVES $SMR NUSCALE POWER CO'S 77 MEGAWATT REACTOR DESIGN, DOCUMENT SAYS
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RT @wallstengine: $NVDA CEO JENSEN HUANG ON CHINA & EXPORT CONTROL:

“The H20 export ban ended our Hopper business in China. We can’t reduce Hopper further to comply—we’re writing off billions in unsellable inventory.”

“China will move forward with or without us. The question is whether they run AI on U.S. platforms—or their own.”

“Blocking U.S. chips strengthens China’s chipmakers abroad and weakens America’s position.”

“The AI race isn’t just about chips—it’s about which stack the world runs on. And that includes 6G and quantum.”

“The idea that China can’t make AI chips was always shaky—and now, it’s clearly wrong.”
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$GM CFO: I EXPECT WE WILL BE REPURCHASING SHARES IN THE SECOND HALF OF 2025
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Anduril and $META are teaming up to deliver advanced XR tech to the U.S. military to boost battlefield awareness & control of autonomous systems.

The privately funded effort combines Meta’s Reality Labs and AI work with Anduril’s Lattice platform, now powering IVAS headsets already in testing. The goal: faster updates, lower costs, and smarter, soldier-ready tech.
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SECOND JUDGE BLOCKS SOME TRUMP TARIFFS IN SMALL BUSINESS CASE
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WASHINGTON FEDERAL JUDGE PAUSES TARIFF ORDER FOR 14 DAYS
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Nike’s $NKE longtime design and innovation chief John Hoke is set to retire after more than 30 years at the company, per Bloomberg. Hoke, who joined Nike in 1992 and now serves as Chief Innovation Officer, will remain on board through October.
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The Fed says Chair Jerome Powell met with President Trump today at the White House. According to the statement, Powell did not discuss expectations for monetary policy, and emphasized that the path forward will depend entirely on incoming economic data. https://t.co/034OOzCl9Q
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Quiver Quantitative
JUST IN: Representative Greg Steube has introduced a bill to rename the Washington Metro to the "Trump Train"
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U.S. 7-YEAR NOTE AUCTION: High yield came in at 4.194%, better than the 4.216% when-issued level. Bid-to-cover improved to 2.69 vs 2.55 prior. Indirects took a hefty 71.5% (vs 59.3%), while directs dipped to 23.6%.
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DISNEY+ $DIS is rolling out expanded perks for U.S. subscribers starting today, including access to movie premieres like Freakier Friday, Disney cruise sweepstakes, game freebies, and $10 credits at Disney Pinnacle.

Disney+ had 126M subs at the end of March, with churn down to 3% in April.
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GOOLSBEE: THIS COURT RULING MAY EXTEND OUT UNCERTAINTY; ADMINISTRATION COULD USE OTHER JUSTIFICATIONS TO IMPOSE TARIFFS
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