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

In today’s edition we are tackling the following:

🇮🇳 OpenAI and Meta targeting bespoke AI partnerships in India.
🧠 Apple Watch looking to upgrade to Apple Intelligence.
🍁 Canada’s PM Mark Carney calls a snap election.
🎯 Tool to help AI agents browse the web raises $17M.
📖 Facebook has a big problem with the new book Careless People.

TECH

• OpenAI, Meta in talks with Reliance for AI partnerships: report

  • OpenAI and Meta are in talks with Reliance Industries to expand AI services in India, including ChatGPT distribution via Jio.

  • Reliance may offer OpenAI’s models to enterprise clients and is exploring hosting them locally to keep data within India.

  • Discussions include running AI models in Reliance’s planned massive data center in Jamnagar, Gujarat.

• The Apple Watch may get cameras and Apple Intelligence

  • Apple plans to launch camera-equipped AI wearables, including a new Apple Watch and AirPods, by 2027.

  • Built-in cameras will power Visual Intelligence features, like scanning event flyers or identifying restaurants.

  • Mike Rockwell, now leading Siri’s AI revamp, is key to the development of these AI wearables and future AR glasses.

• Scientists are using machine learning to find new treatments among thousands of old medicines

  • A.I. models are helping doctors repurpose existing drugs to treat rare diseases, offering hope where treatments have failed.

  • A patient once given weeks to live recovered after an AI-suggested drug combo.

  • Machine learning is scanning thousands of approved drugs to uncover overlooked treatments for rare conditions.

BUSINESS

• 'Current approach is clearly a failure': SEC crypto task force roundtable debates future regulation of digital assets

  • At the SEC’s first crypto task force roundtable, panelists criticized the agency’s ‘regulation by enforcement’ approach as ineffective.

  • Participants debated what qualifies as a security, with some arguing intent alone shouldn’t trigger securities regulation.

  • The new task force, led by Commissioner Hester Peirce, signals a shift toward rethinking crypto regulation under new leadership.

• Why today’s “AI” is dangerous*

  • We were promised machines with human-level intelligence. All we got was AI ‘productivity’ tools that make us do the work.

  • At New Sapience, we are moving beyond illusion to create an AI that truly understands, reasons, and interacts intelligently.

  • It’s about fostering a technology that can responsibly and effectively address real-world problems and opportunities. Ready to invest?

• Starlink’s rapid global rollout was complicated by Elon Musk’s ties to Donald Trump

  • Talks between Italy and Elon Musk’s Starlink over a €1.5B satellite deal have stalled, partly due to political tensions.

  • The contract aimed to secure encrypted communications for the Italian government and defense operations.

  • While some officials support Starlink as a solution, concerns remain over-relying on a foreign-owned system.

• Netflix Bets Big on Video Games With Broad New Strategy

  • Netflix shared a gaming strategy focused on four areas: party, kids, narrative, and mainstream games—built for its app, not consoles.

  • The goal is to reach casual players with stylized, ad-free games that don’t require consoles or in-app purchases.

  • Titles like Spirit Crossing mark the start of a long-term bet to find Netflix’s gaming ‘voice’ and potential hit, akin to House of Cards.

CONTENT

• 6 under-the-radar trends (+ our business ideas)

  • Sam and Shaan explore 6 trends, from short drama apps and rucking to plastic-free products and nervous system work.

  • They dive into biohacking with plants and the rise of AI-powered social networks.

  • Each trend comes with their business ideas and thoughts on where the opportunities lie.

• Deel, Ripping & The History Of Corporate Espionage

  • Rippling is suing Deel for allegedly planting a spy to steal trade secrets, claiming the insider searched for ‘Deel’ 23 times a day.

  • Rippling set a honeypot trap—a fake Slack channel—which the alleged spy accessed, supposedly proving Deel’s involvement.

  • Deel denies wrongdoing and plans to countersue, calling the claims a distraction from Rippling’s own controversies.

• White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue

  • Cyan Banister and David Sacks join to share behind-the-scenes moments from DC, including White House and cabinet talks.

  • The crew discusses major M&A news, like Google’s $32B acquisition of Wiz, its impact on VCs, and dynamics in the cloud.

  • Broader topics include Treasury vs. Fed tensions, bond markets, consumer trends, deregulation, and the space race with China.

WORLD

• Canada to head to polls as Mark Carney calls snap election for 28 April

  • PM Mark Carney called a snap election for 28 April, citing Trump’s threats and the need to protect Canadian sovereignty.

  • Liberals have surged in polls under Carney, while Conservatives struggle to adapt to the shifting political landscape.

  • The campaign centers on uncertainty and leadership, with Carney cast as a steady hand in turbulent times.

• Palestinian deaths in Gaza rise above 50,000 as Israel expands its military campaign

  • Gaza's Health Ministry said Sunday the Palestinian death toll in Gaza had risen to 50,021 since Israel's military offensive began.

  • It is the latest milestone, which reignited when Israel broke a ceasefire with the Palestinian militant group last Tuesday.

  • "A rocket fell right in between us and their bodies shattered in front of my eyes," says a woman who lost her husband and child.

• Pope Francis greets crowds in Rome before discharge from hospital

  • He greeted crowds from his hospital balcony and will rest at home for two months.

  • He praised medical staff, reflected on patience, and called for peace in conflict zones including Gaza, Ukraine, and Sudan.

  • Despite health struggles, Francis remained active during his hospital stay, though future public engagements remain uncertain.

AND MORE…

• Browser Use, the tool making it easier for AI ‘agents’ to navigate websites, raises $17M

  • Browser Use, a tool that helps AI agents navigate websites more effectively, raised $17M in seed funding led by Felicis.

  • The platform converts web elements into a structured, text-like format, improving AI agent reliability over vision-based navigation.

  • With growing demand from AI startups, Browser Use aims to be a key layer in enabling seamless web automation for AI agents.

• Meta aims ex-employee memoir ‘Careless People’

  • The company’s attempt to squash an ex-employee’s controversial memoir has gotten the attention of Congress.

  • An arbitrator ruled that the author may have violated the non-disparagement agreement she signed when leaving the company.

  • The book offers what a New York Times reviewer described as a “darkly funny and genuinely shocking” look inside Facebook.

• One of Tesla’s top Wall Street supporters says Elon Musk faces a ‘moment of truth’

  • Analyst Dan Ives says Elon Musk faces a “moment of truth” as his focus on the Trump administration’s DOGE damages his brand.

  • Tesla’s stock has dropped sharply, with rising global protests and vandalism prompting calls for Musk to rebalance his roles.

  • Ives urges Musk to address the crisis by focusing on Tesla, clarifying plans for EVs and robotaxis, and regaining public trust.