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# Evening Scan
- URL: https://adjacent.media/scan/2026-07-20-pm/
- Published: 2026-07-20T23:07:05.000Z
- Updated: 2026-07-20T23:07:06.000Z
- Description: Oil dominated today. Gas hit $4 a gallon nationally as the Iran situation deteriorated, and markets are pricing the downstream effects. China released two new AI models; one of them crashed Moonshot’s servers.
- Author: Jonathan Greene
- Tags: #scan-pm, #scan

Oil dominated today. Gas hit $4 a gallon nationally as the Iran situation deteriorated, and markets are pricing the downstream effects. China released two new AI models; one of them crashed Moonshot's servers.

> **$587M** — cash, for an AI filmmaking startup co-founded by an actor. Hollywood's AI anxiety has a price tag now.

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#### [U.S. Average Gas Price Returns to $4 a Gallon as Iran Crisis Escalates](https://www.nytimes.com/2026/07/20/business/four-dollar-gas-iran-war.html?ref=adjacent.media) (paywall)

The post-Hormuz-deal relief at the pump is fading. Widening conflict means no obvious floor in sight. *(New York Times)*

#### [Moonshot AI Pauses New Subscriptions After Kimi K3 Demand Nearly Maxed Capacity](https://x.com/kimi%5Fmoonshot?ref=adjacent.media)

Kimi K3 launched two days ago as a 2.8-trillion-parameter model benchmarking near Anthropic's Opus 4\. It broke Moonshot's infrastructure — either a scaling success or evidence of how tight the compute margin runs. *(X / @kimi\_moonshot)*

#### [CuspAI Raises $450M Series B for AI-Driven Materials Discovery](https://www.bloomberg.com/news/articles/2026-07-20/bezos-backs-startup-focused-on-material-discovery-for-chipmaking?ref=adjacent.media) (paywall)

Kleiner Perkins and NEA led the Cambridge round, with Bezos backing. The thesis: AI can compress the decades-long timeline for discovering new materials that chip and battery makers actually need. *(Bloomberg)*