WTI and Brent crude both fell more than 1% intraday, trading at $90.13/bbl and $91.47/bbl respectively.

Japan's industrial production rose 2.3% year-on-year in April, below the expected 0.70% and the previous reading of 2.40%.

Artificial Intelligence: 1. DeepSeek service was partially interrupted and then restored after half an hour. 2. The National Integrated Circuit Industry Investment Fund (Big Fund) reportedly led DeepSeek's first round of funding, valuing the company at $45 billion pre-money. 3. Amazon (AMZN.O) plans to offer SpaceX's Grok model on its flagship AI service. 4. Anthropic raised $65 billion in its Series H funding round, reaching a post-money valuation of $965 billion, surpassing OpenAI. Integrated Circuits (Chips): 1. AI chip company FuriosaAI partnered with Broadcom to develop a next-generation 2nm inference accelerator. 2. Alibaba's DAMO Academy released its first GPU-based solver, breaking through an "unsolvable" problem with hundreds of millions of variables. 3. The EU plans to reinstate the chip law, requiring an investment of €120 billion to revitalize its domestic chip industry. 4. SanDisk CTO: The new AI memory HBF will be sampled by the end of the year, and a complete product with a controller is expected to be officially launched next year. 5. Sources say ByteDance is developing its own CPUs to meet its growing demands for artificial intelligence infrastructure. Other: 1. Huawei official: The cumulative number of devices connected to the HarmonyOS ecosystem has exceeded 1.3 billion. 2. Shenzhou-21 and Shenzhou-23 astronaut crews successfully completed their in-orbit handover. 3. MediaTek will showcase its 6G and optical communication technologies at Computex 2026. 4. Musk stated that SpaceX's computing power partnership with Anthropic is only for six months, and resources will be withdrawn if necessary. 5. Li Auto (LI.O): Expects to deliver between 95,000 and 100,000 vehicles in the second quarter. 6. Chery's joint venture with a Japanese company will launch light electric vehicles in Japan: priced similarly to gasoline vehicles, with a market launch expected in spring 2027.