Welcome back to your daily memorandum talking tech, business, AI, markets, and more. 🗞️

In today’s edition, we are tackling the following:

🧠 Zuckerberg launches Meta Superintelligence Labs with top hires from rivals.
📱 Apple explores OpenAI and Anthropic to overhaul Siri experience.
📚 Google rolls out 30 AI tools for teachers and students.
🌡️ Spain hits 46°C as Southern Europe battles extreme heatwave.
🪧 20,000 protesters in Bangkok are demanding that the Thai Prime Minister resign.

TECHNOLOGY

• Zuckerberg announces Meta Superintelligence effort, more hires

  • Mark Zuckerberg restructures Meta’s AI teams under ‘Meta Superintelligence Labs,’ led by Alexandr Wang and Nat Friedman.

  • Meta has invested over $14 billion in Scale AI and recruited major talent from OpenAI, Google, Anthropic, and rival firms.

  • The announcement sparked Meta’s stock to hit record highs above $738 amid investor enthusiasm about its AI ambitions.

• Cheaper MacBook could use iPhone A18 Pro chip, says Ming‑Chi Kuo

  • Analyst Ming‑Chi Kuo reports Apple plans a budget MacBook with a 13″ display powered by the A18 Pro chip from iPhone 16 Pro.

  • The device may launch in late 2025 or early 2026. It will have a colorful casing and target 5–7 million units to undercut the MacBook Air.

  • Performance should be comparable for everyday use despite hitting lower multi-core benchmarks than M-series chips.

• Google embraces AI in the classroom with new Gemini tools

  • Google unveiled over 30 free AI-powered tools for educators, integrated into Workspace for Education, including Gemini chatbots.

  • Features include teacher-designed ‘Gems,’ interactive video summaries, Notebook LM study assistants, and video creation.

  • Tools aim to enhance personalized learning, save planning time, and support responsible AI integration in school environments.

BUSINESS

• U.S. stock market today live updates

  • Key U.S. indexes hit record highs as stocks rally, driven by renewed optimism on trade and easing tech‑sector policy pressure.

  • Home Depot’s acquisition of GMS and strong bank stress‑test results led gains in industrials and financial stocks.

  • Clean‑energy names slipped amid the proposed rollback of wind and solar tax credits, while EV stocks declined on credit uncertainty.

• California AG says 23andMe sale does not comply with state law

  • California’s attorney general contends 23andMe’s $305 million sale of genetic data to TTAM lacks the explicit customer opt‑in required by GIPA.

  • Despite California’s objection and warnings, the federal judge ruled the law doesn’t apply under the current privacy policy terms.

  • State regulators now consider legal action and continue urging users to delete their DNA data pre‑sale.

• Home Depot to buy GMS for $4.3 billion

  • Home Depot will acquire building‑products distributor GMS via its SRS Distribution arm for $4.3 billion in equity, $5.5 billion including debt.

  • The deal won a bidding war against QXO with a $110/share cash offer and expands Home Depot’s professional contractor network.

  • GMS shares jumped ~12% on the deal; Home Depot gains scale through combined >1,200 locations and 8,000+ delivery trucks.

MARKETS

WORLD

• Glastonbury rap acts Bob Vylan and Kneecap investigated for inflammatory chants

  • Police launched investigations after Bob Vylan chanted ‘death to the IDF’ during a Glastonbury set broadcast by the BBC.

  • Kneecap is also being investigated after using pro-Palestinian slogans that authorities say may incite hatred or violence.

  • Officials and media regulators condemned the performances, sparking debate on the limits of protest at cultural events.

• Southern Europe swelters under a record-breaking heatwave

  • Spain recorded a scorching 46°C in Mora as France issued widespread heat alerts during a prolonged southern European heatwave.

  • Wildfires and mass evacuations have affected thousands across Portugal, Italy, and Greece as the heat dome intensifies.

  • Authorities urged people to stay indoors and warned of a sharp rise in heat-related health issues and deaths.

• Thousands protest in Bangkok demanding the Thai PM’s resignation

  • Over 20,000 people gathered in Bangkok to demand that Prime Minister Paetongtarn Shinawatra resign after a controversial phone call leak.

  • Protesters claim the PM jeopardized national sovereignty, as political allies begin distancing themselves from her administration.

  • Thailand’s anti-corruption and constitutional courts have opened investigations, further eroding her government’s credibility and support.

CONTENT

• I Turned $1M into $2.3B (Then Blew It Up and Rebuilt)

  • Mike Novogratz shares his journey from early crypto success and major financial losses to rebuilding with a long-term mindset.

  • He emphasizes the role of risk tolerance, personal reinvention, and operating systems for life during massive wealth fluctuations.

  • Founders can learn from his lessons on timing, conviction, and building through unpredictable economic and market cycles.

• Cursor + Claude Code is INSANE (Vibe Marketing Tutorial)

  • James demonstrates how non-technical marketers can build SEO-powered tools using Cursor, Claude Code, and AI-driven workflows.

  • The process includes scraping, keyword research, templating, and one-click deployment—all without writing a single line of code.

  • This AI stack enables 10X faster marketing execution, bridging the gap between developers and growth-focused creatives.

• Naming Expert Shares Process for Creating Billion-Dollar Brands

  • David Placek reveals the method behind iconic names like Sonos, Azure, and Vercel, combining psychology and linguistics.

  • He explains why bold, polarizing names win and how each letter carries emotional resonance in brand perception.

  • Founders can apply their three-step process to create standout brand identities that no marketing budget can replicate.

FUTURISM

• Apple weighs using Anthropic or OpenAI to power Siri in major reversal

  • Apple is exploring using Anthropic’s Claude or OpenAI’s ChatGPT instead of its in‑house models for an upgraded Siri.

  • Discussions involve training these third‑party models on Apple’s private cloud infrastructure for internal performance testing.

  • This shift follows executive changes in Siri leadership and a delayed AI rollout, with Apple stock rising ~2% on the news.

• Apple reportedly planning multiple new XR devices, including Vision Pro successors and smart glasses

  • Analyst Ming‑Chi Kuo says Apple will release seven XR head‑mounted devices by 2028, starting with an M5‑powered Vision Pro in 2025.

  • A lighter, budget Vision Air follows in 2027, plus Ray‑Ban-style smart glasses featuring voice, gestures, and AI sensing.

  • Second‑gen Vision Pro and display-equipped XR glasses are set for 2028, signaling Apple’s major push into spatial computing.

• Meta is asking for access to your private photo library for AI-powered suggestions

  • Meta is testing an opt‑in feature called ‘cloud processing’ that uploads private camera‑roll photos to generate AI-driven collages and recaps.

  • Although the company says it’s not yet using these private images to train models, the terms don’t rule out future usage.

  • Privacy experts warn this could expand Meta’s data access significantly, raising consent and surveillance concerns among users.

EXTRAS

• Apple loses bid to dismiss US smartphone monopoly case

  • A federal judge in Newark refused to dismiss the DOJ’s antitrust case, allowing Apple’s ecosystem practices to face trial.

  • The suit alleges Apple unlawfully restricts third-party app and device access to protect its dominance in the smartphone market.

  • The ruling could lead to a lengthy legal battle beginning in 2027, with significant implications for app store and accessory rules.

• AI therapists raise alarms as professionals warn of potential harm

  • Mental health providers express concern over therapy chatbots becoming the most popular AI use, yet often lack clinical safeguards.

  • Experts report these bots frequently offer misleading responses, sometimes reinforcing delusional thoughts in vulnerable users.

  • While AI offers convenient support, professionals emphasize that human empathy, nuanced judgment, and ethical oversight are essential.

• OpenAI reportedly recalibrating compensation following Meta hiring surge

  • OpenAI plans to adjust pay and benefits after Meta recruited dozens of its top engineers, sparking talent competition.

  • Sources say OpenAI is revising its compensation structures and equity awards to better retain technical leadership.

  • The shift reflects tightened competition among AI firms and intensifies pressure on startups to offer compelling career incentives.

AND MORE

• Canada orders Hikvision to shut Canadian operations over security concerns.

• Sponsor in Memorandum and reach the inboxes that matter—before the meetings, before the coffee, before decisions get made.*

• Elon Musk warns Senate’s proposed bill would destroy jobs and harm the US.

• Bloomberg highlights humanoid robots playing soccer poorly in the Beijing exhibition.

• Russia carries out a drone strike in Odesa, killing two people.

• Apple considers powering Siri using Anthropic or OpenAI models.

• The Latam Talent Advantage Guide shows how companies are cutting hiring costs without compromising talent.*