THE WEEKLY ROUNDUP
INTELLIGENCE FOR CONSTRUCTION LEADERS

The State of Construction Safety Tech is Live

WHAT HAPPENED. We published our deepest report yet on safety technology. It’s built on four interviews and months of research.

WHAT IT MEANS. The deadliest industry on earth has barely gotten safer in twenty years. The report digs into why and what’s changing.

A note from me:

Most safety software solved the wrong problem. It digitised the paperwork and called it transformation. The people we interviewed know it, and they were refreshingly willing to say so on the record.

From fatalities, to WhatsApp beating every tool, to 3 am paperwork, to where AI and safety belong, and much much more.

It’s free. Read it, argue with it, send it to the person on your team who still thinks a longer form is a safety improvement.

THIS WEEK
Penn Station Gets a New Look, a Historic ECB Hike, and Meta’s Electrician Problem

Penn Station’s $8 billion redesign finally has blueprints. The ECB hiked for the first time since 2023 today, with the Fed and Bank of England following next week. Meta is betting $115 million that AI data centers live or die on whether enough electricians exist to build them. Plus: Adobe earnings tonight, and what Tim Cook’s farewell says about succession.

TOP HEADLINES

After Six Decades, Penn Station Gets an $8 Billion Redesign

Amtrak and Penn Transformation Partners unveiled renderings this week for the $8 billion overhaul of America’s busiest rail hub. A new Eighth Avenue entrance with 50-foot ceilings, a single-level concourse, and 165% more circulation space, all without moving Madison Square Garden. Construction begins in 2027, phased over six years with 600,000 daily riders in service throughout. (More)

The ECB Just Hiked Rates for the First Time Since 2023

The European Central Bank hiked 25 basis points today, its first increase since 2023, as energy-driven eurozone CPI hit 3.2% in May. The ECB cut its 2026 growth forecast to 0.8% and raised its inflation outlook to 3.0%. The Fed meets June 16-17; the Bank of England June 18. Together they set H2’s cost-of-capital backdrop. (More)

Meta Bets $115M on Electricians to Build Its AI Empire

Meta launched America’s Workforce Academy this week, a $115 million program with ABC to train trade workers for AI data center construction. Participants get a job offer before training starts. Turner Construction has committed to hiring. Data center construction runs at a $50.7 billion annual rate, up 28%, with 90% of contractors reporting worker shortages. (More)

BEST MOMENT THIS WEEK

Everyone asks what Palantir actually does in construction. Brett Adams, forward deployed engineer at ForgeSight, answered it better than any product page ever has:

That is the whole pitch in three sentences. One machine, one record, one version of the truth, no matter which division or system touches it. If your ERP, scheduling tool and accounting software all disagree about the same Bobcat, you do not have a data problem. You have 14 of them.

3 READS AND WATCHES

Adobe Reports Tonight. The Verdict on AI and Software Arrives With It. ADBE is down 30% this year. Tonight’s print is Wall Street’s cleanest live test of the AI-eats-software thesis. Results at 5 p.m. ET. Read on TechTimes

Tim Cook’s Final WWDC Keynote: What a CEO Farewell Looks Like. Cook closes his last WWDC ahead of his September departure. A case study in sequencing a leadership handover without a crisis. Worth 10 minutes. Read on CNBC

Google Gets Equity Deal With Berkshire: Capital Is Now the Moat. Google issues equity to Berkshire as AI capex spirals. Ben Thompson’s argument: who controls the capital flows controls the industry. The infrastructure parallel is direct. Read on Stratechery

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