OpenAI founder Sam Altman is backing Merge Labs, a new brain-computer interface startup that wants to link human thought directly to machines but without the skull implants used by Elon Musk’s Neuralink.
If Merge succeeds, brain-computer links could shift from sci-fi to mass market but the ethical questions will only grow louder than the ultrasound waves powering them.
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Apple is reportedly finalizing a nearly $1 billion-per-year deal with Google to power the next generation of Siri using the Gemini 1.2 trillion-parameter model, one of the largest AI systems ever deployed in consumer devices.
Apple’s smartest assistant yet may be powered by Google’s brain, a rare alignment that blurs the line between Silicon Valley’s fiercest competitors.
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A new report from Kyle Poyar’s Growth Unhinged surveyed 195 SaaS and AI startup leaders ($1–10M ARR) and found one thing clear: 2025 was the year of GTM experimentation. 2026 will be the year of ruthless focus.
Next year’s mantra: cut the noise, double down on 2–3 high-intent channels, and apply AI only where it multiplies returns not where it adds complexity.
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According to PitchBook, investors are pouring more capital into AI startups than in any previous tech boom from crypto to social media to mobile combined.
If this momentum continues, 2025 will be remembered not just as the peak of the AI hype cycle, but as the year capital itself became artificially intelligent.
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Tesla investors have approved a massive compensation package for CEO Elon Musk potentially worth up to $1 trillion in stock if the company hits a series of ambitious growth milestones.
The vote marks one of the boldest compensation gambles in corporate history, a bet that Tesla’s valuation can soar to unprecedented heights. If Musk delivers, shareholders gain enormously; if not, the package will stand as a cautionary tale of ambition outpacing reality.
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Things got tense on the BG2 podcast when Altimeter’s Brad Gerstner pressed Sam Altman on how OpenAI could justify $1.4 trillion in spending commitments with “just” $13 billion in annual revenue all while Microsoft CEO Satya Nadella sat beside him.
Gerstner later downplayed the clash on X, writing that they “laughed about it afterwards.” But the exchange revealed real strain between investor caution and founder conviction and raised a sharper question: is this confidence, frustration, or a sign of how high the stakes have become for OpenAI’s next phase?
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Google has unveiled Ironwood, a powerful new tensor processor built specifically for training and running massive AI models and it’s already being compared to Nvidia’s top-tier chips. Delivering 4.6 petaflops of compute, Ironwood rivals the Nvidia B200 and GB200 in raw performance.
With Ironwood, Google isn’t just catching up to Nvidia,it’s rewriting the balance of power in the global AI hardware race.
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$630M was raised across 16 projects this week, led by Ripple’s $500M strategic round at a $40B valuation. At the same time, BitMine, Evernorth, Strategy, Future Holdings, and Strive announced $564M in new digital asset treasury allocations across BTC, ETH, and XRP.
Here’s what the top 8 are building
Enterprise blockchain for cross-border payments, expanding institutional liquidity and settlement.
Consumer-focused crypto trading app simplifying onchain investing.
Agentic crypto browser enabling autonomous, AI-driven Web3 experiences.
Perpetuals DEX aggregator improving price discovery and execution across trading venues.
Building handheld point-of-sale devices for everyday digital asset payments.
Open block-building system optimizing validator revenue and throughput on Solana.
Crosschain “solving-as-a-service” infrastructure for interoperability and computation.
Settlement infrastructure enabling instant global payments with onchain finality.
Investor attention this week centered on infrastructure, AI convergence, and real-world payments, with Ripple’s expansion marking another step toward institutional blockchain adoption and decentralized finance at scale.
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Meta is quietly earning a fortune from fraudulent advertising, according to internal documents revealed by Reuters. Roughly 10% of Meta’s 2024 revenue; about $16 billion, came from scam or banned ads, flooding its platforms with billions of deceptive promotions each day.
Meta aims to shrink scam-ad revenue to 6% by 2026 but cutting that stream could hurt profits in the short term.
In chasing ad dollars, Meta may have optimized for growth at the expense of integrity and regulators are starting to notice.
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Just a day after the first Nvidia H100 reached orbit, Google has announced Project Suncatcher, an ambitious plan to deploy space-based data centers powered entirely by solar energy.
Competitors are racing too, startup Starcloud claims it will have a complete orbital data center operational by the same year.
If Suncatcher succeeds, it could redefine cloud infrastructure, where compute power finally leaves Earth’s atmosphere.
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Alphabet-owned Waymo is expanding its driverless taxi network into three new U.S. cities, Detroit, Las Vegas, and San Diego,marking its fastest rollout yet. The move comes as Waymo targets 1 million rides per week by 2026, up from roughly 250,000 earlier this year.
Waymo’s expansion signals a shift from pilot projects to scaled commercial ops and a bet that diversified geography, not just tech leadership, will define who owns the future of autonomous mobility.
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Michael Burry didn’t actually short Nvidia or Palantir for “$900 million” but that didn’t stop headlines from saying he did. His latest 13F filing became clickbait gold for financial media hungry for an AI bubble narrative.
By turning nuance into narrative, the media converted paperwork into panic, proof that in the attention economy, the scariest number wins.
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Media is too big
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Meta’s chief scientist Yann LeCun pushed back against claims that large language models are an investment bubble. In his view, the money flowing into AI isn’t misplaced but the expectations around AGI are.
LeCun’s message lands as a reality check for the AI boom: LLMs may be profitable but not magical.
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SoftBank has sold its $5.8B stake in Nvidia, using the windfall to supercharge new bets across AI infrastructure, robotics, and data centers part of a sweeping shift from model investments to the physical backbone of AI.
SoftBank’s Nvidia exit shows that in the next AI wave, the real power may lie not in who trains the biggest model but in who owns the compute, infrastructure, and robotics that make it possible.
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According to the Financial Times, Meta’s chief AI scientist Yann LeCun is preparing to leave the company and is already in early talks with investors for a new venture.
A symbolic moment: the pioneer who helped invent deep learning now leaves the corporate labs to chase a new foundation for machine intelligence, one rooted not in text, but in reality.
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A new WSJ analysis shows Anthropic could reach break-even by 2028, while OpenAI faces deep losses projected at $74B that same year despite record growth.
In the race to monetize intelligence, Anthropic might prove that profitability not scale, is the smarter kind of power.
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Forwarded from Trade Watcher
JUST IN: Anthropic has announced it will invest $50 billion in building data centers in the US.
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PitchBook’s latest AI & ML report ranked the most active investors backing startups beyond the seed stage (2022–June 2024). While big names dominate, a few lesser-known firms stand out for their quiet consistency.
While the giants still write the biggest checks, regional and specialized funds like Mana and Bossa are quietly becoming power brokers in the AI ecosystem.
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The 70/20/10 rule, or McKinsey’s innovation portfolio, offers a clear framework for distributing capital and risk across startups at different maturity levels, balancing stability, growth, and moonshots.
Applied to a $1M portfolio, this means: $700K in late-stage, profitable companies (x2–3 returns), $200K in early-stage, adjacent startups (x5–10), and $100K in pre-seed, breakthrough bets (x50+ potential).
The logic is simple: core holdings fund your stability, adjacent bets fuel growth, and transformational ideas create the upside. Venture success isn’t luck, it’s a system where reliable startups sustain bold innovation.
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The Rich Dad Poor Dad author revealed he currently holds $1.2 billion in debt, but insists he’s not worried at all.
His takeaway: don’t fear debt, learn to make it work for you.
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