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June 29, 2025, 5:15 PM
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memeorandum
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| Zoë Schiffer / Wired: |
Memo: OpenAI's Mark Chen responds to Meta offers, says it feels like “someone has broken into our home and stolen something” and OpenAI is “recalibrating comp” — As Mark Zuckerberg lures away top research talent to Meta, OpenAI executives say they're ‘recalibrating comp,’ according to an internal memo.
More: The Information, TechCrunch, WinBuzzer, and The Guardian
Bluesky: @hunterwalk.com, @katie-drummond, @markriedl, @drdoofenschmirtz, @leahfeiger, and @zoeschiffer. Mastodon: @carnage4life@mas.to
| Noah Smith / Noahpinion: |
Elon Musk calls the Senate tax bill “utterly insane” as it raises taxes on nuclear and geothermal energy and battery storage, which are crucial for AI training — Trump's “Big Beautiful Bill” is an attack on American energy production. — There are many things to despise …
More: Washington Post, New York Times, The Information, Reuters, CleanTechnica, Cryptopolitan, The Hill, and Politico
Bluesky: @vegasmick and @quinnypig.com
X: @elonmusk, @sdamico, @teddyschleifer, @armanddoma, @atrupar, @noahpinion, @elonmusk, @douglewinenergy, and @jessepeltan
LinkedIn: Shawn Kelly and Guido Palazzo
Forums: r/NoShitSherlock and r/centrist
| Anthony D'Alessandro / Deadline: |
The F1 movie gives Apple its first box office hit, opening to $144M worldwide and $55.6M in the US; it was pushed on Apple Music, Podcasts, Fitness+, and Wallet — It's a win for racing car movies. It's a win for Zack Van Amburg and Jamie Erlicht led Apple Original Films on the big screen …
More: Daring Fireball, Engadget, 9to5Mac, Esquire Singapore, The Express Tribune, Collider, Collider, Screen Rant, The Playlist, El Paso Inc., Flickering Myth, The Plunge Daily, The Hollywood Reporter, Variety, New York Times, Forbes, Los Angeles Times, Spyglass, Deadline, Oh No They Didn't!, UPI, AppleInsider, and heise online
Bluesky: @chickenpuppet.online, @lauridonahue, and @itablet
X: @icyvert, @vincenzolandino, @benzostraydogs, @ceoadam, @buzzpatterson, @kfcbarstool, @calebcsw, @rollingstone, @empirecitybo, @bendreyfuss, @lewishamilton, and @trungtphan
Forums: r/blankies, r/formula1, r/tvPlus, and r/boxoffice
| Scott Werner / Works on My Machine: |
MCP has promise beyond AI, and could serve as a “universal plugin system” that connects disparate data sources and tools together to enable new capabilities — Or: The Day My Toaster Started Taking Phone Calls — There's this thing about USB-C that nobody really talks about.
More: Works on My Machine. Bluesky: @searls. Mastodon: @assaf@mas.to, @hrbrmstr@mastodon.social, and @shish@techhub.social
| Kevin Williams / CNBC: |
Baidu plans to open-source its Ernie LLM on June 30; some say this could cement China's AI leadership, while others doubt it will be a “DeepSeek moment” — On Monday, Chinese technology giant Baidu plans to make its Ernie generative AI large language model open source … | The Information: |
OpenAI is expanding its consulting-like service to refine its models and build bespoke apps for large enterprise and government clients spending at least $10M — As OpenAI pitches its artificial intelligence to big companies and government agencies, it's taking a page from the playbook …
X: @amir
| Jon Fingas / BetaKit: |
Winnipeg-based Conquest Planning, which uses AI to help financial advisors and other clients make decisions, raised an $80M Series B led by Goldman Sachs — Growth Equity at Goldman Sachs Alternatives led the Winnipeg startup's latest funding round. — Conquest Planning has secured an $80-million USD …
More: Finextra, Venture Capital Journal, and FinTech Futures
| Tara García Mathewson / The Markup: |
Investigation: California colleges and universities continue to renew Turnitin subscriptions despite the cost, faulty anti-plagiarism tech, and privacy issues — Colleges and universities renew Turnitin subscriptions year after year even though its flawed detectors are expensive …
More: The 74, The Guardian, Mirror, and The Markup
Bluesky: @themarkup.org, @calmatters.org, @biblioracle, @jessifer, and @samillingworth.com. Mastodon: @katachora@hachyderm.io
| Allie Garfinkle / Fortune: |
Synthesia says it has over 65K customers and serves more than 70% of the Fortune 100, with its AI avatars mainly used for training and internal communications — Constructing an avatar of myself is even weirder than I expected. — It's a choreographed experience that made me feel … | Morgan Meaker / Bloomberg: |
Call center agents in Australia, Canada, Greece, and the US say they've been repeatedly mistaken for AI, as the industry rapidly integrates AI alongside humans — As more workers are asked by strangers if they're bots, surreal conversations are prompting introspection in the industry about what it means to be human.| Cate Lawrence / Tech.eu: |
Report: Swiss deep tech startups have created over $100B in total enterprise value, with 60% of VC funding in Switzerland from 2019 to 2025 going to deep tech — With 60 per cent of venture capital now flowing into deeptech, the country outpaces global peers and redefines what a small market can achieve. .
More: Gizmodo, Deep Tech Nation Switzerland, and Forbes
X: @swissambusa, @nathanbenaich, @eugen12, @investch, and @thenextweb
| Financial Times: |
Nvidia executives, including Jensen Huang, have sold $1B+ worth of company stock in the past 12 months, with $500M+ in share sales occurring in June 2025 alone — Chief executive Jensen Huang leads wave of insider selling as AI demand boosts stock to record high
More: CNBC, Wall Street Pit, and Cryptopolitan
| Olga Kharif / Bloomberg: |
A look at efforts by Coinbase, Kraken, Robinhood, and other crypto companies to tokenize stocks amid regulatory hurdles and questions about product demand — First, they came for the currency market. Then, the money market. Now, crypto's big disruptors are targeting the multi-trillion-dollar heart … | Song Jung-a / Financial Times: |
South Korea becomes Asia's best-performing stock market in H1 2025, as shares rise following President Lee Jae-myung's pledge to allow won-based stablecoins — New president's pledge to allow won-based stablecoins has led to huge gains in related shares this month
More: crypto.news, The Block, The National Interest, and Coinspeaker
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