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

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

🧠 ChatGPT’s Deep Research now analyzes GitHub repos to generate cited reports.
🚛 Aurora expands autonomous trucking with night drives and new routes by 2025.
⛪ White smoke rises as Chicago’s Cardinal Prevost becomes Pope Leo XIV.
🤖 Humanoid robots compete in sports to test agility and coordination under pressure.
🥯 Krispy Kreme halts McDonald’s rollout, sending shares down over 13%.

TECHNOLOGY

• Apple is developing specialized chips for glasses, new Macs, and AI servers

  • Apple is designing custom chips for smart glasses, aiming for efficient power usage and support for multiple cameras.

  • The smart glasses chip, inspired by Apple Watch technology, is expected to enter mass production by late 2026 or 2027.

  • Additionally, Apple is working on new M-series chips for Macs and processors for AI servers to enhance its Apple Intelligence platform.

• Aurora to add night driving, new routes as it ramps up driverless trucking

  • Aurora plans to expand its driverless trucking operations to include night driving and routes to El Paso and Phoenix by late 2025.

  • The company has completed over 4,000 miles with a single self-driving truck without a human driver, serving clients like Uber Freight.

  • Aurora aims to increase its fleet to ‘tens of trucks’ by the end of 2025, enhancing efficiency and coverage.

• ChatGPT Deep Research can now analyze your GitHub repos

  • OpenAI introduces a GitHub connector for ChatGPT's Deep Research, allowing analysis of codebases and engineering documentation.

  • The feature respects existing GitHub permissions and is available for Plus, Pro, and Team users, with Enterprise access coming soon.

  • This integration enables developers to generate comprehensive, cited research reports directly from their repositories.

BUSINESS

• US and UK announce a limited trade deal, maintaining 10% duties

  • A new U.S.-UK deal lowers auto and metal tariffs while keeping a 10% baseline duty on most British goods.

  • The agreement includes tariff-free quotas on UK beef and expanded agricultural market access.

  • Leaders framed the deal as a step forward in post-Brexit economic alignment between the two countries.

• Bill Gates criticizes Elon Musk over child mortality comments

  • Gates rebuked Musk’s claim that his philanthropic work contributes to child deaths, calling it dangerous misinformation.

  • He emphasized the importance of data-driven global health strategies, defending vaccine and aid efforts.

  • The clash highlights their long-standing disagreements on how tech should tackle humanity’s biggest challenges.

• Krispy Kreme pauses McDonald's rollout, stock declines

  • Krispy Kreme halted its McDonald's expansion plans due to supply chain issues and operational reevaluation.

  • Shares dropped over 13% as investors reacted to the delay and uncertainty around the partnership timeline.

  • The companies say they remain committed and will resume rollout once logistics are resolved.

MARKETS

WORLD

• New pope elected as white smoke billows from Sistine Chapel

  • Cardinal Robert Francis Prevost of Chicago has been elected as Pope Leo XIV, marking the first American to ascend to the papacy.

  • The election concluded after four ballots during a two-day conclave, with white smoke signaling the decision from the Sistine Chapel.

  • Pope Leo XIV is expected to uphold Pope Francis's focus on social justice while bringing his own perspectives to Church leadership.

• Stocks Close Higher After Trump Unveils UK Trade Deal

  • The Dow Jones Industrial Average rose by 284.97 points, closing at 41,113.97, following the announcement of a U.S.-U.K. trade agreement.

  • Investor optimism was further bolstered by expectations of additional trade deals and easing tariff tensions.

  • Tech and discretionary stocks led the gains, reflecting positive market sentiment amid geopolitical developments.

• A blast was heard in Pakistan's Lahore amid tensions with India

  • Multiple explosions were reported in Lahore, Pakistan, near Walton Road, leading to the temporary closure of the city's airport.

  • The blasts occurred amid heightened tensions following India's Operation Sindoor, which targeted alleged terrorist infrastructure.

  • Authorities are investigating the incidents, with both nations exchanging accusations and expressing readiness to defend their territories.

CONTENT

• How AI is reinventing software business models

  • Bret Taylor explains why AI is shifting SaaS from subscriptions to outcomes, favoring vertical tools over general-purpose platforms.

  • Incumbents struggle with this shift, while startups benefit from applying AI directly to domain-specific use cases.

  • Success in this model requires tight integration between product design, delivery, and the measurable value customers actually receive.

• Sam Altman and AI leaders testify before the Senate

  • Sam Altman, Lisa Su, and Brad Smith delivered statements on AI safety, innovation, and national competitiveness.

  • The hearing spotlighted concerns around compute access, regulatory frameworks, and potential misuse of foundational models.

  • Lawmakers pressed on balancing AI advancement with transparency, oversight, and protecting democratic values in a fast-moving sector.

• AI and the future of health with Joelle Barral

  • Joelle Barral discusses how AI is improving diagnosis, imaging, and treatment personalization through multimodal models.

  • Tools like MedGemini and AMIE are expanding global access and reducing clinician burnout by automating routine diagnostics.

  • DeepMind emphasizes human-AI collaboration to rehumanize medicine while raising care quality and accessibility worldwide.

FUTURISM

• Tesla Cybertruck is now available through dealerships

  • Tesla has begun selling the Cybertruck through authorized dealerships, marking a shift from its direct-to-consumer sales model.

  • The move aims to expand the vehicle's reach and cater to customers preferring traditional dealership experiences.

  • Dealerships are offering test drives and personalized consultations to boost Cybertruck adoption.

• Humanoid robots participate in sports events

  • A recent event showcased humanoid robots competing in various sports, including soccer and basketball, demonstrating advanced mobility and coordination.

  • Developers aim to use these competitions to test and improve robotic agility and decision-making in dynamic environments.

  • The event highlighted the potential for robots to engage in complex physical activities alongside humans.

• Companies plan to build robotic horses

  • Several firms are developing robotic horses for applications ranging from children's toys to military logistics.

  • These machines aim to replicate equine movement and strength, offering versatile transport solutions in challenging terrains.

  • The initiative reflects a broader trend of biomimicry in robotics to enhance functionality and adaptability.

EXTRAS

• Microsoft bans employees from using the DeepSeek app

  • Microsoft blocks staff from using Chinese AI app DeepSeek, citing data privacy risks and geopolitical cybersecurity concerns.

  • The app was removed from internal stores to protect company systems and align with U.S. tech security standards.

  • Microsoft’s move reflects growing restrictions on Chinese software inside American corporate and government environments.

• Peloton downplays tariffs, leans on AI after Q3 slump

  • Peloton saw hardware sales fall 27% in Q3, but raised its full-year forecast to $247.7 million.

  • CEO highlighted new AI-powered personalization and customer support features aimed at improving retention and growth.

  • Executives said tariffs had limited impact, and AI integration is now central to Peloton’s recovery strategy.

• Recession fears return as key indicators weaken

  • Economic slowdown signals are growing, with weak demand in commodities and falling consumer confidence across major regions.

  • Downgraded growth forecasts and earnings warnings have pushed economists to reevaluate 2025 recession odds.

  • Experts believe targeted policy interventions could still avert a prolonged global downturn despite tightening conditions.

AND MORE

• Bitcoin tops $100K after trade deal optimism and ETF momentum.

• FDA to deploy AI tools across all centers by June to speed up reviews.

• Arizona launches a Bitcoin reserve, converting state-held property into digital assets.

• 130k+ readers from Google, TikTok, OpenAI, and Deel love Open Source CEO.*

•  Playbookz turns your LinkedIn presence into a revenue machine.*

• Senator Ted Cruz proposes a ‘regulatory sandbox’ to encourage AI growth.

• Coinbase acquires Deribit in a $2.9B push into crypto derivatives.

• OpenAI hires Instacart CEO Fidji Simo to oversee customer applications.