This week has been a whirlwind of activity in the tech and finance sectors. From Amazon’s latest satellite launch to Michael Burry’s controversial short on Micron, there’s plenty to catch up on. Let’s dive into the top stories of the week.
Amazon’s Leo Satellite Count Surpasses 390
Amazon’s latest batch of 29 satellites was successfully launched from Florida on a United Launch Alliance Atlas V rocket. This marks the 14th mission in Amazon’s broader initiative to deploy over 3,200 satellites for space-based internet coverage. The recent launch brings the total number of Leo satellites to 396. Amazon Leo chief Chris Weber stated that while there’s still a lot of work ahead, enough launches have been completed for initial service this year.
Michael Burry Shorts Micron Despite 241% Rally
Michael Burry has revealed his bearish stance on Micron, despite the company’s significant gains over the past year. Burry disclosed his thesis on his private Substack, stating that he shorted the stock, believing the current semiconductor frenzy to be unsustainably overheated. He pointed out that the stock’s extension over its 200-day moving average has never been as extended as in 2026, not even during the dot-com peak.
Read Also: Forget AMD And Micron — The Next Wave Of AI Winners Are The Ones Nobody Talks About
Meta’s ‘Watermelon’ AI Model Matches OpenAI’s GPT-5.5
Meta Platforms’ upcoming ‘Watermelon’ AI model reportedly matches OpenAI’s GPT-5.5 on key benchmarks, according to CEO Alexandr Wang. The announcement was made during an internal town hall meeting. Wang also mentioned that Watermelon requires significantly more computing power than its predecessor, Avocado.
Zuckerberg Admits Meta’s AI Bets Haven’t Materialized Yet
During an internal town hall, Mark Zuckerberg admitted that Meta’s expectations for AI agents have not materialized as quickly as leadership had forecast. He stated that the development trajectory over the last four months hasn’t accelerated as expected and that the company’s bets on its new organizational structure haven’t come to fruition yet.
Trump Administration Lifts Export Controls On Claude Fable 5, Mythos 5
Anthropic said Tuesday that the U.S. Department of Commerce lifted export restrictions on its Claude Fable 5 and Mythos 5 AI models, ending a recent standoff with the Trump administration. “We’re grateful to our users for their patience, and to everyone who worked with us on redeploying the models,” the company said on X. Anthropic had suspended access to both models in mid-June to comply with a Commerce Department export control order citing national security.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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