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

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

🖥️ Google adds Gemini AI to TVs for conversational controls.
💼 Amazon faces trial over allegedly misleading Prime signups and cancellations.
🎮 Xbox, PS5, and Switch see price hikes amid tariffs and rising costs.
🌍 The US offers Argentina economic aid to support Milei’s struggling government.
🎵 Record labels sue Suno for training its AI generator on ripped YouTube songs.

TECHNOLOGY

• OpenAI and NVIDIA announce strategic partnership

  • OpenAI will use NVIDIA systems to build at least 10 gigawatts of AI datacenters, scaling model training power.

  • NVIDIA plans to invest up to $100 billion tied to the deployment of each gigawatt; the first phase is expected in the second half of 2026.

  • Partnership marks a major expansion of OpenAI’s compute infrastructure and tight alignment with NVIDIA’s hardware roadmap.

• Google’s Gemini AI is coming to your TV

  • Gemini for Google TV will allow TV users to interact via natural conversations rather than fixed commands.

  • Initially available on select TCL QM9K series TVs, with rollout to many more Google TV and Android TV devices.

  • Features include show recommendations, conversational queries, and contextual responses beyond just video control.

• Game console price hikes hit Xbox, PS5, and Switch

  • Xbox Series X has jumped significantly in price compared to its 2020 launch; PS5 and original Switch also saw increases.

  • Rising costs driven by tariffs and macroeconomic pressures are breaking traditional trends of discounts over time.

  • Consumers warned that waiting may no longer yield better deals as consoles remain pricey even after several years on the market.

BUSINESS

• Nvidia and OpenAI CEOs respond to Trump's visa fee hike

  • Jensen Huang and Sam Altman express concern as the H-1B application fee jumps to $100,000, potentially limiting access to global talent.

  • Huang emphasizes the role of immigration in innovation; Altman backs streamlining the process while aligning incentives for critical skills.

  • The partners note the change could raise costs for big AI firms, especially those reliant on international researchers.

• TikTok algorithm lease deal advances amid Trump-China negotiations

  • U.S. plans a joint venture led by Oracle, Silver Lake, and others to lease TikTok’s algorithm instead of buying to comply with the law.

  • Under the deal, ByteDance would duplicate the recommendation algorithm; the U.S. entity would control operation and data security.

  • Congress remains wary since legislation bars cooperation on content recommendation algorithms even if ownership changes.

• Amazon goes on trial over allegedly misleading Prime enrollments

  • FTC accuses Amazon of enrolling users into Prime memberships without clear consent and making cancellation difficult.

  • A judge has already found Amazon violated rules by collecting billing information before disclosing full terms.

  • Jury will decide whether Amazon’s subscription signup practices broke consumer protection laws.

MARKETS

WORLD

• US offers financial lifeline to Argentina’s Javier Milei

  • US Treasury Secretary Scott Bessent signaled readiness to support Argentina through currency swaps, debt purchases, or stabilization aid.

  • The offer comes as Milei faces economic instability, poor election results, and a slumping peso.

  • Argentina’s markets reacted positively while the opposition warned about risks tied to external dependence.

• Macron formally recognizes the Palestinian state at the UN summit

  • President Emmanuel Macron declared that France officially recognizes a Palestinian state during a high-level UN meeting.

  • Recognition joins several other nations aligning behind a two-state solution amid escalating Gaza conflict.

  • Macron linked the move to calls for a ceasefire, the release of hostages, and stronger diplomatic momentum toward peace.

• Several charities drop Sarah Ferguson over leaked Epstein email

  • Sarah Ferguson described Jeffrey Epstein in a 2011 email as a “supreme friend” before later apologizing publicly.

  • At least seven UK charities, including Julia’s House and Teenage Cancer Trust, ended her patron or ambassador roles.

  • Ferguson’s team said the email was written under legal threat and stressed her regret and concern for the victims.

FUTURISM

• A ‘global call for AI red lines’ sounds the alarm

  • Over 200 global leaders and scientists are urging for international AI red lines, like banning impersonation and AI self-replication.

  • They want governments to agree by the end of 2026 on what AI uses are always unacceptable, especially around safety and human rights.

  • Backed by a broad coalition including Nobel laureates, the campaign argues that regulation and innovation are not mutually exclusive.

• The billion-dollar infrastructure deals powering the AI boom

  • Nvidia estimates that $3-4 trillion will be spent on AI infrastructure by 2030 as model training demands grow.

  • Major cloud providers and tech firms are locking in long-term deals to build data centers and supply chains.

  • The race to scale infrastructure is shaping alliances, competition, and where AI development takes off globally.

• Record labels claim AI generator Suno illegally ripped songs from YouTube

  • RIAA alleges Suno used code to bypass YouTube encryption and download copyrighted music to train its models.

  • Labels said this ‘stream ripping’ breaks terms of service and violates anti-circumvention laws under the DMCA.

  • Suno says its actions are fair use, but the lawsuit could set a precedent over how AI companies source training data.

CONTENT

• Make $8K/Day from these side hustles you’ve never heard of

  • Shaan Puri and Chris Koerner share overlooked side hustles like porch pumpkins, sport courts, and in-ground trampolines.

  • Discussion highlights niche opportunities such as novelty ice cream, mobile fuel delivery, and men’s dollhouses.

  • The episode emphasizes creative arbitrage, using local demand and unconventional ideas to scale income streams.

• Dylan Patel on the AI chip race - NVIDIA, Intel & the US vs. China

  • Dylan Patel and a16z partners break down Nvidia’s $5B Intel deal and its impact on global chip competition.

  • Conversation explores AMD, ARM, Huawei, U.S.-China tech bans, and challenges like the HBM bottleneck.

  • They analyze Jensen Huang’s leadership, Nvidia’s moat, and the future of mega data centers and GPUs.

• From managing people to managing AI: The leadership skills everyone needs now

  • Julie Zhuo explains how core management skills translate into leading AI agents effectively in modern organizations.

  • She outlines frameworks like ‘diagnose with data, treat with design’ and scripts for tough feedback conversations.

  • Discussion covers AI’s role in skill acquisition, company growth, and what she teaches kids about the AI future.

• Explain the most complex tasks in seconds with Guidde*

  • Turn boring documentation fast into stunning visual guides and share them anywhere.

  • Simply click capture on the browser extension and automatically generate step-by-step video guides complete with visuals, voiceover, and call to action.

  • The best part? The extension is 100% free.

EXTRAS

• Pfizer makes a $4.9 billion bet on obesity drugs with Metsera buyout

  • Pfizer to acquire Metsera for $47.50 per share, cash up front, and $22.50 more tied to performance milestones.

  • Deal values Metsera at about $4.9B and sends a strong signal in the competitive obesity-drug market.

  • Though Metsera has no products yet, its injectable and oral obesity drug pipeline showed promising weight-loss results.

• Spirit Airlines is preparing to furlough one-third of its flight attendants

  • Starting in December, Spirit will furlough about 1,800 flight attendants, roughly one-third of its workforce.

  • The move follows bankruptcy filing and cuts to flight capacity budgeted to drop by 25 percent.

  • Union involvement includes attempts to place affected staff with other airlines and voluntary leave options first.

• What early-stage investors really look for in founders

  • Early-stage investors Charles Hudson and Navin Chaddha will share what they look for in zero-traction founders at Disrupt.

  • Key traits include vision, adaptability, narrative clarity, and strong early indicators of a polished product.

  • They’ll cover mistakes to avoid when pitching and how to secure that first institutional check.

AND MORE

• The U.S. will not apply the new $100,000 H-1B visa fee to existing holders.

• China restates the need for a fair business environment regarding the TikTok ownership deal.

• Attack by drones and missiles kills three in Ukraine; many more injured.

• Trump appoints Lindsey Halligan to be U.S. Attorney for Eastern Virginia.

• 160k+ readers from Google, TikTok, OpenAI, and Deel love Open Source CEO deep dive business content.*

• USDA cancels its annual food insecurity survey, ending decades-long data tracking.

• Argentina’s President Milei to meet both Trump and Netanyahu at UN gathering.

• After diplomatic push on Ukraine and Gaza, US shifts focus toward domestic issues.