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

In today’s edition we are tackling the following:

💬 OpenAI teases ChatGPT-powered social platform to rival Meta and X.
🎬 Gemini subscribers get access to Google’s AI video generation tools.
📧 Zuckerberg defends Meta’s email trail over Instagram and WhatsApp buys.
📉 Nvidia warns of a $5.5B loss due to U.S. AI chip export restrictions.
🌈 Hungary bans public LGBTQ+ events under new ‘child protection’ laws.

TECH

• OpenAI Is Building a Social Network

  • OpenAI is developing a social platform featuring ChatGPT-generated images, aiming to rival X and Meta.

  • The project, currently in prototype, may launch as a standalone app or integrate into ChatGPT.

  • This move seeks to secure proprietary user data for AI training, intensifying competition with Elon Musk.

• Anthropic's Claude AI Is Coming to Your Google Account

  • Claude AI now integrates with Google Workspace, accessing Gmail, Calendar, and Docs to enhance productivity.

  • The new 'Research' mode enables Claude to perform iterative web searches and analyze internal documents.

  • These features are available to paid subscribers, with enterprise-grade security ensuring data confidentiality.

• Google Rolls Out Its AI Video Generator to Gemini Advanced Subscribers

  • Google's Veo 2 allows Gemini Advanced users to generate 720p, eight-second videos from text prompts.

  • The model offers improved realism, and understanding of physics, and includes SynthID watermarks for AI-generated content.

  • Additionally, Whisk Animate transforms static images into videos, expanding creative possibilities for subscribers.

BUSINESS

• Meta CEO Zuckerberg Testifies on Emails About Instagram, WhatsApp Deals

  • Zuckerberg defended Meta, saying Instagram and WhatsApp posed real threats to Facebook’s dominance in social networking.

  • Internal emails showed concern over Instagram’s growth, leading Meta to buy it before it became a major competitor.

  • The FTC claims these deals were anti-competitive and designed to eliminate future threats rather than foster innovation.

• United Airlines Reports Q1 2025 Earnings

  • United beat Q1 estimates with higher-than-expected earnings, helped by strong demand despite elevated jet fuel prices.

  • The airline reaffirmed its full-year guidance and plans to keep expanding international flights across Europe and Asia.

  • Executives remain cautious about economic conditions and possible fare sensitivity heading into the busy summer season.

• Nvidia Expects Up to $5.5 Billion Charge in First Quarter

  • Nvidia will take a charge of up to $5.5 billion due to U.S. restrictions on AI chip exports.

  • The H20 chips were blocked over national security concerns about Chinese firms using them for military applications.

  • Nvidia shares dropped over 5% after the announcement, reflecting market fears of long-term revenue impact.

• Hundreds of job opportunities to make a difference*

  • Many people who want to do good with their careers become doctors or charity workers.

  • But what if the career paths that do the most good are little known, in neglected fields like AI safety, pandemic preparedness,s and nuclear security?

  • 80,000 Hours curates the most promising potentially impactful roles they can find on their (free) job board.

CONTENT

• Inside v0’s Mission to Create 100 Million Builders

  • Guillermo Rauch explains how AI tools like v0 let anyone build full apps with natural language prompts.

  • He built a production-ready app mid-flight in two hours, using only v0 and $20 of Wi-Fi.

  • Vercel’s team uses Cursor and AI workflows to speed product iteration and focus more on user design quality.

• OpenAI CFO Sarah Friar on the Race to Build AGI

  • Sarah Friar outlines OpenAI’s capital needs and approach to funding high-risk general intelligence research and development.

  • She explains the tension between ambition and responsibility in releasing new models with potentially transformative global implications.

  • OpenAI sees competition intensifying but believes transparency and strategic capital allocation are key to sustainable progress.

• Vertical AI Innovations: Abacus LLM in Finance & Synthesia’s Video Avatars

  • Abacus builds private LLM infrastructure for banks, focusing on data control, hallucination reduction, and fast integrations.

  • Synthesia powers internal video communications at scale, helping Fortune 100 companies create custom AI avatars from documents.

  • Both founders highlight how vertical AI tools are displacing general-purpose solutions across highly regulated enterprise environments.

WORLD

• Israel Proposes New Gaza Ceasefire Deal to Release Hostages

  • Israel proposed a phased ceasefire deal involving hostage releases, prisoner swaps, and the return of displaced Gazans.

  • Hamas is reviewing the offer but insists on a permanent ceasefire and full Israeli withdrawal from Gaza.

  • Talks are ongoing through Egyptian and Qatari mediators as the humanitarian crisis deepens across southern Gaza.

• Hungary Passes Controversial LGBTQ+ Law Despite Backlash

  • Hungary approved a constitutional ban on public LGBTQ+ events, including Pride, under new child protection amendments.

  • Activists warn the law violates EU rights; violators face fines and organizers may be imprisoned for one year.

  • The government also introduced measures limiting dual citizenship and legal recognition of gender beyond male and female.

• Global Investors Dump U.S. Stocks at Record Pace, BofA Survey Says

  • A Bank of America survey found global investors sharply underweight U.S. stocks, hitting a record net of 36%.

  • Rising tariffs, geopolitical instability, and recession fears are pushing investors toward gold, cash, and non-U.S. assets.

  • Market sentiment reflects growing skepticism over U.S. growth leadership and persistent concern over dollar devaluation trends.

AND MORE…

• American Airlines to Offer Free In-Flight Wi-Fi Starting January 2026

  • American Airlines will offer free Wi-Fi to all loyalty members on most domestic flights beginning next year.

  • The airline joins Delta and United in competing to offer better onboard connectivity for modern business travelers.

  • Passengers must log into their AAdvantage account to access the complimentary internet during their flight.

• OpenAI May Adjust Safety Requirements if Rivals Release High-Risk AI

  • OpenAI says it might relax certain safety rules if other labs release powerful, high-risk AI models publicly.

  • The decision would follow risk assessments and rely on automated evaluations to ensure reasonable safety baselines remain.

  • The move reflects growing pressure among leading labs to balance competitive innovation with global safety frameworks.

• ChatGPT Gets Image Library to Manage Generations

  • ChatGPT now features an Image Library where users can view, store, and reuse their AI-generated visual content.

  • The tool is live for Free, Plus, and Pro users and functions across both web and mobile.

  • It supports deeper interaction with DALL·E image outputs, simplifying workflows for creative and professional users alike.