The day in tech.

Jane Street, a secretive Wall Street powerhouse, has seized the AI spotlight. The firm is applying its quantitative trading expertise to artificial intelligence. This move places Jane Street at the center of the AI conversation in finance.

Using AI for financial advice requires caution. The technology lacks the nuanced understanding of individual circumstances that human advisors provide. Users should verify AI-generated recommendations against trusted sources before making financial decisions.

The author argues that AI tools like ChatGPT are disrupting the self-help industry by providing personalized, on-demand advice. This shift challenges traditional self-help books and coaches. Readers now turn to AI for immediate guidance, altering how people seek personal development.

Kyber raised $5M in funding led by Lightspeed. The company's low-latency remote device control SDK enables real-time device management. Founded by VLC lead developer Jean-Baptiste Kempf, Kyber serves developers needing responsive remote control. The SDK supports applications requiring immediate feedback in device operations.

Bain Capital stands to make over $15 billion in profits on its 2018 buyout of Kioxia, the former Toshiba Memory. The return is roughly 20 times the initial investment, driven by Kioxia's stock surging more than 5,000% since its December 2024 IPO.

Aswath Damodaran warns AI's debt-fueled infrastructure spending and reliance on physical hardware pose greater collapse risk than the dot-com crash. The warning highlights potential economic fallout from AI growth faltering, stressing India's exposure to foreign investment and job market shifts. Investors face heightened volatility due to AI's leverage and hardware intensity.

Mississippi Department of Revenue deploys AI in service delivery tools on cloud infrastructure to onboard engineers and standardize workload provisioning. Chief technology officer Mike DeHaan emphasizes security-first practices using Everpure Fusion platform for immutable snapshots and predefined policies. The approach ensures consistent, low-risk operations in public sector cloud modernization.

PM Modi and President Murmu launch development projects worth Rs 47.600 crore in Odisha. Projects cover energy, infrastructure, health, and education to improve rural connectivity and job creation in tribal areas. The initiatives aim to boost economic activity and access in underserved communities.

Discord tests age verification using Google Wallet and credit card details to confirm users are 18+. Face scans remain an option with Incode for on-device processing after data leak concerns. Credit card checks are promoted as less invasive for Nitro users. Testing continues amid user backlash and privacy debates.

On June 20 the Moon is in Waxing Crescent phase at 44% illumination. Visible features include Mares Fecunditatis, Serenitatis, Crisium with binoculars showing Endymion, Posidonius, Mare Nectaris. Telescope users can see Apollo 17 landing site, Descartes Highlands, Rupes Altai. The lunar cycle repeats every 29.5 days as the Moon orbits Earth.