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Tesla Shareholders Approve Musk’s $1 Trillion Deal

Tesla Shareholders Approve Musk’s $1 Trillion Deal

Meta rolls out its AI video feed in Europe, Amazon tests AI book translations, and OpenAI commits $1.4 trillion to AI infrastructure.

Memorandum
November 07, 2025

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

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

🚗 Tesla shareholders approve Musk’s record $1T compensation package.
🎥 Meta launches Vibes, an AI video remix feed for European users.
📚 Amazon tests Kindle Translate to convert books across multiple languages.
💰 OpenAI reveals $1.4T investment in global AI data centers.
🌪️ Typhoon Kalmaegi kills 142 in the Philippines before striking Vietnam.

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TECHNOLOGY

Meta brings its short-form video feed of AI slop to Europe (TechCrunch) _^More:_{^{Meta About}}_^,_^WinBuzzer_^,_^TechBuzz
- Meta launches Vibes AI video feed in Europe through Meta AI app expansion.
- The platform allows creating and remixing AI videos with cross-posting to Instagram Reels.
- Media generation increased tenfold despite user criticism, calling it unwanted AI slop.
Amazon is testing an AI tool that automatically translates books into other languages (Engadget)
_^More:_^TechCrunch_^,_{^{About Amazon}}_^,_^Neowin
- Kindle Translate beta converts books between English-Spanish and German-English for authors.
- Amazon evaluates accuracy automatically, though authors can't verify unfamiliar language translations.
- Service addresses less than 5% of Amazon titles being available multilingually.
Discord's Family Center update now lets parents monitor weekly purchases (TechCrunch)
_^More:_{^{Discord Safety}}_^,_^Engadget_^,_^Dataconomy
- Parents can track teen purchases, including Discord Shop items and Nitro subscriptions.
- Guardian controls manage DM permissions, content filtering, and data privacy settings.
- Dashboard shows voice/video call time and the top five user/server interactions weekly.

BUSINESS

Tesla Asks Delaware Supreme Court to Reinstate Elon Musk's Record Pay Package (WSJ)
_^More:_^Bloomberg_^,_^NPR_^,_^Fortune
- The Delaware Supreme Court heard arguments on restoring Musk's $56 billion compensation package on Wednesday.
- Tesla proposes new $1 trillion pay plan while appealing judge's decision invalidating original package.
- The court must decide if shareholder reapproval validates compensation worth currently $120 billion.
Altman Says OpenAI Doesn't Want a Government Bailout for AI (Bloomberg)
_^More:_^TechCrunch_^,_^CNN_^,_{^{The Register}}
- CEO Altman rejected government backstops after the CFO suggested federal guarantees for infrastructure loans.
- OpenAI expects $20 billion in revenue this year, targeting hundreds of billions by 2030.
- The company committed $1.4 trillion over eight years for AI infrastructure and chip investments.
Microsoft Lays Out Ambitious AI Vision, Free From OpenAI (WSJ)
_^More:_^PYMNTS_^,_^WinBuzzer_^,_^CNBC
- Microsoft launches MAI Superintelligence Team to pursue AGI independently under revised OpenAI deal.
- Partnership extended until 2032 with Microsoft holding 27% stake worth $135 billion.
- Microsoft gains freedom to develop foundational models while retaining OpenAI technology access.

MARKETS

S&P	6,637.18	−0.35%
NASDAQ	23,616.31	+1.15%
Dow	47,339.59	+0.54%
10-Year	4.10%	↓ ~0.02 pp
Bitcoin	$108,145	−0.01%
Gold	$4,020.00	−0.50%

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WORLD

Israeli military says it is striking Hezbollah targets across southern Lebanon (CNN)
_^More:_{^{Al Jazeera}}_^,_{^{Times of Israel}}
- IDF launches strikes citing Hezbollah attempts to rebuild operations despite the November 2024 ceasefire.
- Israeli security cabinet convenes as officials warn of Hezbollah rearming and restoring capabilities.
- Lebanese President suggests direct negotiations while Hezbollah rejects political talks with Israel.
Typhoon Kalmaegi kills three in Vietnam after leaving 114 dead in the Philippines (BBC)
_^More:_{^{Al Jazeera}}_^,_^CNN_^,_{^{CBS News}}
- Kalmaegi hits Vietnam with 149 km/h winds after killing at least 142 in the Philippines.
- The Philippines declares a state of emergency with over 500,000 displaced and 127 still missing.
- Vietnam evacuates 260,000 people as storm brings 10-meter waves to the central coast.
Witkoff says he will announce a new country to enter the Abraham Accords on Thursday night (Reuters)
_^More:_^CNN_^,_{^{The National}}_^,_{^{Times of Israel}}
- Kazakhstan becomes the first country to join the Abraham Accords in Trump's second term.
- The agreement is largely symbolic as Kazakhstan has maintained diplomatic relations with Israel since 1992.
- The Trump administration signals momentum for expanding accords with more countries expected.

FUTURISM

Sam Altman says OpenAI has $20B ARR and about $1.4 trillion in data center commitments (TechCrunch)
_^More:_^Bloomberg_^,_^Fortune_^,_^CNBC
- OpenAI expects over $20 billion annualized revenue this year, targeting hundreds of billions by 2030.
- The company committed $1.4 trillion over eight years for AI infrastructure and data centers.
- Altman outlines new revenue streams, including enterprise offerings, consumer devices, and AI cloud services.
Microsoft forms superintelligence team to pursue 'humanist' AI (The Verge)
_^More:_^WinBuzzer_^,_^Fortune_^,_^GeekWire
- Microsoft launches the MAI Superintelligence Team, pursuing human-centered AI under Mustafa Suleyman's leadership.
- Initiative follows revised OpenAI partnership, allowing Microsoft independent AGI development after October deal.
- Team focuses on controllable AI serving humanity while avoiding autonomous systems with self-improvement capabilities.
Sora for Android saw nearly half a million installs on its first day (TechCrunch)
_^More:_{^{Android Authority}}
- Android launch generated 470,000 downloads first day, exceeding iOS debut by 327 percent.
- App expanded to seven countries, including Japan, South Korea, and Vietnam, without an invite requirement.
- The U.S. accounted for 296,000 Android installs, showing sustained interest in AI video creation.

CONTENT

DEBATE: Is AGI Really Decades Away? (Doom Debates)
- Tsvi Benson-Tilsen and Liron Shapira clash over AGI timelines, benchmark predictions, and whether LLMs can evolve.
- The debate covers creativity, sample complexity, and how germline engineering might accelerate alignment research before AGI arrives.
- Both argue over confidence, goalposts, and whether AI progress signals an imminent breakthrough or another approaching winter.
Mark Zuckerberg & Priscilla Chan: How AI Will Cure All Disease (a16z)
- Mark Zuckerberg and Priscilla Chan reveal how CZI’s Biohub unites biology and AI to accelerate curing and preventing all diseases.
- They discuss virtual cell models, large-scale open data, and the need for billion-dollar projects beyond traditional NIH frameworks.
- The talk showcases how AI-powered biology will redefine research efficiency, collaboration, and scientific discovery at scale.
Is Investing REALLY the Hardest Job? (This Week in Startups)
- Jason Calacanis, Deedy Das, and Jay Eum debate venture capital’s evolution amid massive AI funding and shifting market structures.
- They analyze Roelof Botha’s Sequoia exit, “smile curve” product-market fit, and the prosumer market’s growing strategic importance.
- The discussion dissects diligence speed, mega-round trends, and whether investors still outwork founders in the AI boom.
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How are you kicking off holiday campaigns?