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Hi there, this is your daily ☕️ Techpresso.
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In today's Techpresso: |
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💰 Meta offered OpenAI staff $100M bonuses
💸 xAI is reportedly burning $1 billion per month
🏛️ Senate passes GENIUS stablecoin bill in a win for the crypto industry
🤖 Amazon CEO says AI will reduce corporate jobs
🚀 Honda unexpectedly enters the space race
⏰ Trump grants TikTok third 90-day extension
🎁 + 14 other news you might like
🔮 + 6 handpicked research papers and tools
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FROM OUR PARTNER
Stanford StartX Company - Future Cardia - Is Challenging Big MedTech
Future Cardia is on a mission to disrupt the cardiac device space with its next-gen implantable heart monitor.
Accelerated by Stanford StartX and Johnson & Johnson's JLABS, this lean startup is taking on Medtronic and Boston Scientific with smarter, real-time heart monitoring.
Already $14M raised from super angels and over 10,000 investors via equity crowdfunding.
Why investors are backing Future Cardia:
- Devices successfully implanted in 39 patients
- Data powering upcoming FDA 510(k) submission
- Recently featured in peer-reviewed journals & investor webinars
Invest Now. Offering closes soon.
| 💰 Meta offered OpenAI staff $100M bonuses LINK
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- OpenAI CEO Sam Altman publicly accused Meta of attempting to poach his developers by offering them compensation packages as high as $100 million.
- Altman claimed Meta's aggressive recruitment campaign started after it fell behind on AI initiatives, with Llama 4 language model and "Behemoth" version delays.
- Meta's alleged nine-figure signing bonuses are a facet of its significant spending aimed at overcoming internal AI struggles and securing top researchers.
| 💸 xAI is reportedly burning $1 billion per month LINK
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- Elon Musk's xAI reportedly spends $1 billion monthly on AI model development, a figure Musk disputes, as the company simultaneously seeks $9.3 billion in new funding.
- Looking ahead, xAI projects burning about $13 billion during 2025, with most of its previously raised $14 billion equity already spent or allocated very soon.
- The company's prolific fundraising barely keeps pace with expenses for server farms and specialized computer chips, though xAI projects profitability for itself by 2027.
| 🏛️ Senate passes GENIUS stablecoin bill in a win for the crypto industry LINK
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- The Senate overwhelmingly passed the GENIUS Act with bipartisan backing, creating the first federal regulatory framework for stablecoins, crypto tokens tied to US dollar value.
- This legislative passage is a significant win for the digital assets industry, which has poured substantial funds into political influence efforts in Washington.
- Crypto industry figures see the GENIUS Act's approval as a vital signpost, indicating potential for more favorable laws concerning digital assets.
| 🤖 Amazon CEO says AI will reduce corporate jobs LINK
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- Amazon CEO Andy Jassy stated that deploying more Generative AI and agents will change work methods, expecting a reduction in the total corporate workforce soon.
- Jassy highlighted emerging AI "agents" capable of web scouring, writing code, and research, which will manage tasks that certain current roles previously involved.
- This workforce reduction forecast follows Amazon's layoffs of over 27,000 staff since late 2022 and a corporate hiring slowdown despite increased company revenue.
| 🚀 Honda unexpectedly enters the space race LINK
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- Honda unexpectedly revealed its experimental reusable rocket completed a vertical takeoff and landing demonstration, flying to nearly 900 feet with precision.
- Its hopper became the first prototype rocket outside the US and China to successfully complete such a vertical takeoff and landing flight.
- The flight showcased key technologies like retractable landing gear and aerodynamic fins, marking progress after a long silence on its space project.
| ⏰ Trump grants TikTok third 90-day extension LINK
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- President Trump intends to give TikTok a third 90-day reprieve, delaying its required separation from Chinese owner ByteDance until mid-September.
- White House Press Secretary Karoline Leavitt said President Trump does not want TikTok to go dark, explaining the continued delays for its ownership structure change.
- These repeated extensions occur despite a federal law requiring TikTok to change its ownership structure, a law the Supreme Court upheld last year.
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FROM OUR PARTNER
YC Dropout raises $15M from Angel Investors to take on the giants.
Why investors are joining Future Cardia:
60,000+ hours of real-world heart data already collected $117B+ global market projected by 2032 and growing fast Elite team from Medtronic, Boston Scientific, and Stanford
Future Cardia is moving fast. That's why they're featured twice today.
Invest Now. Offering closes soon.
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Other news & articles you might like
- Google launches production-ready Gemini 2.5 AI models to challenge OpenAI's enterprise dominance LINK
- AWS' custom chip strategy is showing results, and cutting into Nvidia's AI dominance LINK
- Toy-maker Mattel accused of planning "reckless" AI social experiment on kids LINK
- Threads is adding fediverse content to your social feeds LINK
- California is trying to regulate its AI giants - again LINK
- Apple's New Transcription APIs Blow Past Whisper in Speed Tests LINK
- MiniMax-M1 comes close to Gemini 2.5 Pro efficiency when handling large context windows LINK
- Hexagon unveils humanoid robot AEON with Nvidia LINK
- Meta is reportedly building AI smart glasses with Prada, too LINK
- Hackers steal and destroy millions from Iran's largest crypto exchange LINK
- Cracked screens & dead batteries are selling more iPhones than AI LINK
- Microsoft's next-gen Xbox has an AMD chip inside and is 'not locked to a single store' LINK
- Salesforce raises prices on Slack and more, promises more AI integration as a result LINK
- Anysphere faces investor push for funding at $18-20bn LINK
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Trending research and tools
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MiniMax-M1: an open-weight reasoning model that processes long inputs and handles complex tasks using a hybrid-attention system. LINK
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Lstr: a fast, interactive command-line tool to view directory trees, offering git status, smart filtering, and an interactive navigation mode. LINK
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Workout.cool: an open-source fitness coaching platform to create workout plans, track progress, and access an exercise database with instructions and videos. LINK
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OpenSERDES: an open hardware serializer/deserializer converting parallel data to a serial stream for high-speed transmission, and then back to parallel data at the receiver. LINK
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Cloudy Pad: a free, open-source tool to run your games in the cloud, letting you play anywhere without needing a powerful PC or costly subscription. LINK
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Reasoning by Superposition: A Perspective on Chain of Continuous Thought: this paper shows how language models can explore many lines of reasoning together in one go by overlaying them. LINK
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