Evening Scan

The chip wars got messy today as Samsung workers demanded a bigger slice of AI profits while SpaceX filed to manufacture its own GPUs. Software stocks took a beating on fears that AI might actually be coming for their lunch.

$25B — Tesla's new capex target for 2026, up significantly as it pushes into Optimus and robotaxi production.

Samsung rally draws 30,000 to demand greater share of AI profits

Workers want 15% of chip division operating profits — that's $27B total or $400K+ per worker in the division. (Bloomberg)

Tesla raises 2026 capex to $25 billion

The company will burn cash for the rest of the year but delivered $1.4B in Q1 free cash flow as a cushion. (The Next Web)

China's 360 hunts software flaws with AI, echoing Mythos

AI vulnerability hunters found ~1,000 previously unknown flaws including in Microsoft Office — the cyber arms race just got more automated. (Bloomberg)