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

In today’s edition we are tackling the following:

🧵 Threads lets users mute words and emojis for 30 days.
📸 Game Boy-style Delta Camera app brings retro filters to iPhones.
📱 Nothing Phone 3 leak shows bizarre camera in top corner.
🧠 Zuckerberg may abandon Llama, seeks $29B for AI funding.
🇨🇩 DR Congo and Rwanda sign U.S.-brokered peace deal on borders.

TECHNOLOGY

• Threads now has a better word filter than Instagram

  • Threads now lets users create separate hidden word lists from Instagram and set temporary filters for specific terms.

  • The new feature allows hiding certain words, emojis, or phrases for up to 30 days using a snooze-like setting.

  • Meta is rolling out the feature gradually and aims to offer more personalized content moderation tools.

• The creator of the Delta emulator made a Game Boy Camera‑style app for your iPhone

  • Riley Testut launched Delta Camera, a retro-style iOS app that mimics the original Game Boy Camera experience.

  • The app includes manual controls for brightness, contrast, zoom, panoramas, and support for iPhone 16’s camera button.

  • Currently in beta on Patreon, it costs $3 monthly or $30.24 annually for access to new builds.

• The Nothing Phone 3 might have the weirdest camera design out there

  • Leaked renders show two cameras aligned vertically and a third oddly placed on the corner.

  • The design includes a more subtle Glyph Matrix and confirms a 50MP periscope lens for advanced zoom.

  • Official launch for Phone 3 and the new Headphone 1 is set for July 1, 2025.

BUSINESS

• Mark Zuckerberg is considering shifting away from Meta’s Llama AI

  • Meta is debating whether to de-prioritize its Llama AI model and pivot toward external options like OpenAI or Anthropic.

  • Internal concerns suggest Llama may not keep up with the rapid progress of leading proprietary models in the market.

  • Zuckerberg is also exploring a major funding round, seeking $29 billion to support Meta’s broader AI ambitions.

• Tesla’s Robotaxi launch shows Waymo is worth more than $45 billion

  • Tesla launched a robotaxi pilot in Austin using Model Ys with in-car safety monitors and Full Self-Driving software.

  • Analysts say Waymo’s larger, more advanced fleet is now valued above $45 billion based on current operations.

  • Tesla’s camera-only approach could cut costs but raises concerns over performance and passenger safety standards.

• U.S. stock futures rise on rate‑cut hopes ahead of inflation data

  • U.S. futures climbed slightly on growing optimism for interest rate cuts as investors await fresh inflation data.

  • Markets now price in a 20% chance of a July rate cut, up from last week’s 14.5% probability.

  • Confidence is driven by expectations of benign PCE inflation and signs of continued U.S.–China trade cooperation.

MARKETS

WORLD

• DR Congo and Rwanda sign long-awaited peace deal in Washington

  • Presidents Félix Tshisekedi and Paul Kagame agreed to establish joint border patrols and demilitarized zones to ease regional tensions.

  • The deal outlines plans for militia disarmament, refugee repatriation, and intelligence-sharing between the two nations.

  • U.S. and African Union officials will oversee implementation with regular progress reviews in the coming months.

• European countries issue travel warnings over Hungary’s banned Budapest Pride march

  • Multiple EU nations advised against travel to Budapest after Hungary banned this year’s Pride parade citing public order concerns.

  • Rights groups condemned the move as discriminatory, warning of rising hostility toward LGBTQ+ communities in Hungary.

  • European leaders criticized the ban, calling it a breach of democratic values and pledging to monitor the situation closely.

• Ukraine says it hit four Russian warplanes in Volgograd region

  • Ukraine claimed responsibility for striking Su-34 fighter jets and infrastructure at Russia’s Marinovka airbase near Volgograd.

  • Two jets were reportedly destroyed and two damaged in one of Ukraine’s deepest strikes into Russian territory.

  • The attack underscores Kyiv’s continued use of long-range drones and special operations to disrupt Russian military assets.

CONTENT

• Legendary Consumer VC Predicts The Future Of AI Products

  • Kirsten Green explains why AI will deepen emotional connections between consumers and products in more personalized ways.

  • She highlights how wellness, distribution shifts, and human-centered design are redefining product building in the AI era.

  • Founders should embrace the messy creative stage and avoid gimmicks, focusing on authentic value and long-term trust.

• Former Microsoft Executive Explains Where We Are in the AI Cycle

  • Steven Sinofsky compares AI’s current phase to early Windows, saying consumer use is outpacing developer tooling and readiness.

  • Concepts like vibe coding and partial autonomy are shaping how new consumer AI tools will behave and scale.

  • The biggest obstacles aren’t technical, but organizational—companies must rethink product workflows and team structures to adapt.

• What Meta and Anthropic Really Won in Court | The Vergecast

  • Verge hosts unpack two major AI-related court wins, exploring what Meta and Anthropic’s legal outcomes actually mean long-term.

  • Legal battles hint at deeper challenges around AI copyright, scale, and moral complexity in creative industries.

  • The episode also touches on Tesla robotaxis, Trump Phones, and the death of Microsoft’s Blue Screen of Death.

FUTURISM

• Congress might block state AI laws for a decade

  • A proposed federal law would prevent states from regulating artificial intelligence for the next ten years under a national moratorium.

  • The bill could nullify existing state laws like California’s AB 2013 and Tennessee’s ELVIS Act that protect creator rights.

  • Lawmakers face growing pressure as the July 4 legislative deadline approaches and debate over state authority intensifies.

• Denmark to tackle deepfakes by giving people copyright to their own features

  • A new Danish law will grant citizens copyright over their voice, image, and likeness to fight misuse by AI and deepfakes.

  • The legislation will allow takedown requests and lawsuits, with exceptions made for satire and parody content.

  • Backed by all major parties, the bill enters consultation this summer and could pass before the end of the year.

• OpenAI’s unreleased AGI paper could complicate Microsoft negotiations

  • OpenAI wrote a private paper outlining five levels of AGI capabilities, potentially activating clauses in its Microsoft partnership.

  • The clause would restrict Microsoft’s access to OpenAI tech if AGI is declared, impacting licensing and strategic control.

  • The paper’s release was delayed as both companies negotiate new terms on AGI definitions and future collaboration.

EXTRAS

• Nike stock soars after better-than-feared Q4 2025 results

  • Nike posted a 12% drop in revenue and 86% fall in profit, but results beat low expectations and calmed investors.

  • The company warned of $1 billion in tariffs and will shift supply chains away from China by mid-2026.

  • Shares jumped 15% after earnings, lifting other sportswear stocks like Adidas and Puma across global markets.

• Anthropic launches program to track AI’s economic fallout amid looming job losses

  • Anthropic unveiled a research initiative to study how AI may impact jobs, offering grants of up to $50,000.

  • The program includes events, policy submissions, and data collection to forecast and manage AI’s labor disruption.

  • CEO Dario Amodei warns AI could displace half of entry-level white-collar jobs, with unemployment reaching 20%.

• Runway to let users generate video games using AI

  • Runway is expanding into gaming, allowing users to build games using AI through text and image prompts.

  • A basic version will launch next week, with full functionality expected to roll out later this year.

  • The $3 billion startup is also in talks with major studios to integrate its game-generation tools.

AND MORE

• Meta plans to raise capital through private firms for AI data centers.

• U.S. lawmakers urge investigation into OnePlus smartphone national security concerns.

• Sponsor in Memorandum and reach the inboxes that matter—before the meetings, before the coffee, before decisions get made.*

• OpenAI expected to begin renting Google’s AI chips for high-scale inference.

• SoftBank aims to lead super-intelligence platform development within the next decade.

• Guidde revolutionizes how you document and share processes with AI-powered how-to videos.*

• S&P and Nasdaq hit new highs on AI-fueled optimism.

• Microsoft reportedly delays launch of Maia next-gen AI chip until 2026.