Fri. 11/11 – A Summary Of This Crazy Week

Fri. 11/11 – A Summary Of This Crazy Week

Just two big stories, as it’s been all week, but instead of ONLY giving you the latest, I want to try to sum up where I think we’re at as this week ends. What, I think, in the end, actually happened with FTX. And are we SURE Elon isn’t trying to tank Twitter on purpose? And, of course, the weekend longreads suggestions. Sponsors: Storyblok.com/ridehome Links: Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy (CNBC) FTX US Warns of Trading Halt Hours After Bankman-Fried Says It's '100% Liquid' (CoinDesk) Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse (CoinDesk) Does Twitter Have Any Employees Left Who Remember That The Company Is Under A Strict Consent Decree With The FTC? (TechDirt) Weekend Longreads Suggestions: Basically everything on Amazon has become an ad (Vox) Can Crypto’s Richest Man Stand the Cold? (Bloomberg) Matter is here, but it’s still a long road to the simple smart home (The Verge) Twitter alternative: how Mastodon is designed to be “antiviral” (UXCollective) Unfollow? Block? And who gets custody of the WhatsApp groups? How to break up in the digital age (The Guardian) Learn more about your ad choices. Visit megaphone.fm/adchoices

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The Delivery Space Consolidates

The Delivery Space Consolidates

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PayPal On The Block?

PayPal On The Block?

New York became the first state to pause new data center permits, worrying the AI industry. Stripe and Advent offered $53B+ for PayPal, OpenAI's first device leaked as a screen-free speaker, and Prism...

15 Juli 22min

Let's Regulate This AI Stuff?

Let's Regulate This AI Stuff?

Demis Hassabis proposed a US-based frontier AI standards body modeled on FINRA. IBM's stock cratered 20% on a Q2 miss from chip-spending shifts, Spotify launched a voice-control feature, Kalshi debute...

14 Juli 19min

Apple Sues OpenAI

Apple Sues OpenAI

Apple sued OpenAI, alleging ex-employees stole trade secrets for its hardware push. Twelve states sued to block the Paramount-WBD merger, Anthropic extended free Fable 5 access as rivals raced on pric...

13 Juli 20min

The New GPT

The New GPT

OpenAI broadly released GPT-5.6 and launched ChatGPT Work, targeting Anthropic. Fidji Simo stepped down from OpenAI citing health, the EU found Meta's "addictive design" violates the DSA, Polymarket s...

10 Juli 21min

The Day Of All The Models

The Day Of All The Models

SpaceXAI debuted Grok 4.5 with Cursor, targeting Opus-level performance at lower cost. Meta launched Muse Spark 1.1 via API, OpenAI rolled out full-duplex GPT-Live voice models, PrismML ran the larges...

9 Juli 21min

China (AI) Rising

China (AI) Rising

Chinese AI models grabbed over 30% of US token use as Beijing weighed curbing access. Anthropic expanded Cowork to mobile and web, Meta launched its first AI image generator on Instagram and WhatsApp,...

8 Juli 21min

Xbox Decimated By Layoffs

Xbox Decimated By Layoffs

Microsoft laid off ~4,800 employees and gutted Xbox by 3,200 jobs while divesting five studios. Samsung's profit rocketed past Nvidia's, Meta faced a $1.4 trillion lawsuit demand, xAI rebranded to Spa...

7 Juli 22min

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