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  • Meta Pays $15 Billion For Scale AI Stake

Meta Pays $15 Billion For Scale AI Stake

Google launches Android 16 with new AI photo tools, LA protests torch Waymo cars, and Disney takes full control of Hulu.

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

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

🧠 Meta invests $15B and hires Alexandr Wang to lead AGI lab.
📱 Android 16 rolls out with RCS upgrades and AI-powered photo edits.
🤖 Trump administration is launching a government chatbot platform called DOGE on July 4.
☕ Starbucks to roll out AI assistant to baristas across U.S. and Canada.
🛢️ EU unveils 18th sanctions package targeting Russian oil and export channels.

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TECHNOLOGY

BUSINESS

  • 23andMe faces multistate lawsuit to block sale of genetic data

    • Twenty‑seven states and D.C. filed suit in bankruptcy court to stop the sale of customer DNA data without explicit consent.

    • The move follows 23andMe’s March 2025 Chapter 11 filing and potential acquisition by Regeneron Pharmaceuticals.

    • Plaintiffs argue sensitive genetic data must be protected and not treated as an asset up for auction.

  • OpenAI taps Google in unprecedented cloud deal despite AI rivalry

    • OpenAI has signed a major cloud services deal with Google Cloud in May to support its surging AI compute demand.

    • The move diversifies OpenAI’s infrastructure beyond Microsoft Azure and complements partnerships like Stargate with Oracle.

    • Google benefits as the deal boosts its cloud business and underscores shifting alliances in the AI infrastructure race.

  • Starbucks to roll out Microsoft Azure OpenAI assistant for baristas

    • Starbucks will deploy ‘Green Dot Assist’, an AI tool powered by Azure OpenAI, to help baristas with drink orders.

    • The assistant provides quick instructions and video tutorials to speed up service and improve accuracy.

    • A broader U.S. and Canada rollout is planned for fiscal 2026 as part of Starbucks’ service‑efficiency strategy.

MARKETS

S&P

6,038.81

+0.5%

NASDAQ

19,714.99

+0.6%

Dow

42,866.87

+0.2%

10-Year

4.472%

-0.009%

Bitcoin

$109,599

+0.86%

Gold

$3,376.52

+0.23%

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WORLD

  • EU announces 18th package of sanctions targeting Russia

    • The EU proposed banning refined Russian oil imports and lowering the price cap from $60 to $45 per barrel.

    • New measures target Nord Stream-related transactions, shadow fleet vessels, and sanction evasion intermediaries.

    • The sanctions package also expands export controls, with final approval expected later this week.

  • Bolsonaro takes the stand in Brazil’s historic coup trial

    • Bolsonaro denied orchestrating a coup but admitted discussing alternatives to stay in power with close aides.

    • He called the January 2023 rioters ‘crazy’ and distanced himself from any criminal planning or violence.

    • The trial includes eight defendants and marks Brazil’s first major case involving alleged coup attempts since its dictatorship.

  • Britain invests £14.2 bn in Sizewell C for first major nuclear plant

    • The UK pledged £14.2 billion more toward building Sizewell C, its first new nuclear plant in decades.

    • The project will create 10,000 jobs and generate power for six million homes across the country.

    • Costs surged due to complex regulations and the challenge of reviving large-scale nuclear construction in Britain.

CONTENT

  • Watch this to design like a pro using AI

    • Meng To explains how context-rich prompts improve AI design outputs by guiding layout, typography, and animation choices.

    • He demonstrates his prompt builder in action, showing how better inputs yield non-generic, high-quality UI designs.

    • The episode highlights design as a trust-building tool and competitive advantage for AI-powered product teams.

  • The state of consumer tech in the age of AI

    • a16z partners explore why breakout apps have slowed and how AI-native tools are reshaping consumer behavior.

    • Users now spend $200+ monthly on AI products, and the demand for social graphs and companions is growing fast.

    • They argue iteration speed beats traditional moats, especially when software is infused into every part of life.

  • OpenAI Codex team: from autocomplete to agents

    • Codex team shares how their AI agent generates pull requests and runs autonomously for up to 30 minutes.

    • The shift from AI pairing to delegation marks a turning point in autonomous software engineering tools.

    • They discuss training in realistic environments and envision a future where most code is agent-generated.

FUTURISM

  • Bedrock Ocean dredges up $25 M to map the seafloor with robots

    • Bedrock Ocean raised $25 million to deploy autonomous underwater vehicles (AUVs) for seismic-quality seafloor mapping.

    • The AUVs run up to 12 hours on lithium-ion batteries using sonar and magnetic sensors to gather high-resolution data.

    • This robotic approach reduces cost, human labor, and environmental disruption compared to traditional ship-based surveys.

  • Waymo robotaxis and Lime e-scooters set ablaze during LA protests

    • During protests in downtown Los Angeles, at least five Waymo robotaxis and several Lime e-scooters were torched.

    • Waymo suspended service in affected areas amid safety concerns over lithium-ion battery fires and toxic fumes.

    • The vehicles’ surveillance capacity made them symbols of protest, prompting broader debate over tech visibility.

  • China AI lab unveils RoboBrain for humanoid robots

    • Beijing Academy of AI launched RoboBrain 2.0—an open-source model designed to enhance humanoid robotics in spatial and task planning.

    • The model delivers 17 percent faster performance and 74 percent increased accuracy versus its previous version.

    • BAAI collaborates with over 20 companies to integrate RoboBrain into the Wujie ecosystem for embodied AI growth.

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EXTRAS

  • Meta launches new AI superintelligence lab

    • Meta is building an advanced AI research lab focused on developing superintelligent systems beyond human-level cognition.

    • The company plans a major investment in Scale AI and is recruiting top talent to drive breakthrough AI capabilities.

    • This move marks a bold strategic pivot to close gaps with rivals in the rapidly evolving AI arms race.

  • Disney to acquire Comcast’s stake and gain full control of Hulu

    • Disney will pay nearly $439 million to buy Comcast’s remaining 33 percent ownership of Hulu.

    • The deal concludes a multi-year appraisal process and strengthens integration with Disney+ and upcoming ESPN services.

    • The acquisition won’t impact Disney’s 2025 earnings forecast and is expected to close by July 24.

  • Apple showcases AI-powered upgrades at WWDC 2025

    • Apple unveiled the ‘Liquid Glass’ design language and introduced advanced on-device AI features across its ecosystem.

    • Highlights include live translation, smarter Siri, AI fitness coaching, and third-party access via the Foundation Models API.

    • Despite ambitious launches, Wall Street remained cautious, viewing the announcements as incremental rather than revolutionary.

AND MORE

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