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Tesla Struggles As European Sales Drop

Tesla Struggles As European Sales Drop

Gridcare says over 100 GW of data center hides in grid, Meta's antitrust trial just ended, and Benioff returns with Informatica acquisition.

Memorandum
May 28, 2025

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

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

🚗 Tesla struggles as European sales plunge, highlighting deepening market troubles.
⚡ Gridcare says over 100 GW of data center capacity hides in grid.
⚖️ Meta’s future now depends on the judge after the FTC antitrust trial ends.
🤝 Benioff, the dealmaker, returns with a major Informatica acquisition move.
🧬 Samsung may invest in a $100M round for medical imaging startup Exo.

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TECHNOLOGY

Tesla struggles as European sales plunge, highlighting deepening brand and market troubles
- Tesla’s vehicle sales in Europe plunged 49% year-over-year in April despite rising EV demand.
- The refreshed Model Y launch failed to boost sales, signaling deepening brand and strategy issues.
- Musk’s political actions and public image are eroding consumer trust and damaging Tesla’s reputation.
Gridcare says over 100 GW of data center capacity hides in the grid
- AI data centers face long grid wait times, pushing many to build private power plants.
- Gridcare maps hidden grid capacity using generative AI and complex forecasting for tailored solutions.
- The startup charges developers per unlocked megawatt, potentially unlocking 100+ gigawatts of capacity.
Meta’s future now depends on the judge after the FTC antitrust trial ends
- Meta’s trial ended; a judge will decide if it illegally monopolized social media by buying Instagram, WhatsApp.
- FTC argues Meta’s acquisitions blocked competition, potentially requiring Meta to spin off one or both companies.
- Meta claims broad competition beyond friends-and-family sharing, including TikTok and YouTube, challenging the FTC’s narrow market.

BUSINESS

Benioff, the dealmaker, returns witha major Informatica acquisition move
- Salesforce acquires Informatica for $8 billion to boost AI and data infrastructure capabilities.
- The deal follows a year of speculation and denial, now confirmed with a $25-per-share cash offer.
- Informatica's tools will strengthen Agentforce and Data Cloud, supporting safe, scalable enterprise AI solutions.
Samsung may invest in a $100M round for medical imaging startup Exo
- Samsung’s venture unit plans to invest in Exo’s funding round, potentially reaching $100 million.
- Exo develops smartphone-connected handheld ultrasound devices using AI, imaging, and silicon-based technology.
- Exo may partner with Samsung Medison, and Qubit’s Omar Ishrak will join Exo’s board.
GM invests in V-8 engines while slowing down its electric vehicle plans
- GM cancels $300 million EV motor plan, investing $888 million in new V-8 engine production.
- Slowed EV sales prompted GM to refocus the Tonawanda plant on sixth-generation V-8 engines by 2027.
- New engines improve performance and reduce emissions, supporting American manufacturing and jobs, says the CEO.

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WORLD

Japan pauses stockpile sales while retailers rapidly buy up available rice supplies
- Over 30 companies applied to buy over half of Japan’s rice stockpile within one day.
- Direct sales offer 2021–2022 rice at half price, prompting overwhelming demand from major retailers.
- Japan may relax rules to include smaller retailers as rice prices remain stubbornly high.
Republican calls for tougher Russia sanctions grow amid Ukraine strike escalation
- A vocal group of Republican lawmakers urges stronger pressure on Russia over Ukraine's aggression.
- This stance contrasts with President Trump’s more conciliatory, hands-off approach to the conflict.
- Bipartisan Senate support grows for the sanctions bill, now backed by 80 cosponsors to override the veto.
Ireland to continue enforcing trade ban on Israeli-occupied territories
- Ireland plans to ban imports from Israeli settlements deemed illegal under international law, a first in the EU.
- The decision follows an advisory opinion by the International Court of Justice declaring Israeli occupation illegal.
- Ireland hopes its move inspires other EU countries amid broader efforts to pressure Israel on settlement trade.

CONTENT

MetaMask co-founder shares vision to reach a much broader audience
- MetaMask aims to expand its wallet accessibility to users beyond the core crypto-native community.
- Dan Finlay explores how blockchain and AI can intersect to drive new innovations and experiences.
- Tim Copeland and Finlay reflect on the crypto industry's evolution and MetaMask’s adaptive role within it.
Google CEO Sundar Pichai talks about AI agents and selling Chrome
- Google I/O 2024 focused heavily on real AI products, and not just on models or capabilities.
- To Sundar, this marks the beginning of a new era for search and the web overall.
- Concerns arise over AI tools and agents potentially replacing human web browsing behavior entirely.
What we can learn from super agers with Dr. Eric Topol
- Dr. Eric Topol emphasizes preventing disease by understanding aging biology, not reversing it, to improve longevity.
- The conversation explores AI, organ clocks, and genetic risk scores in predicting and preventing major age-related diseases.
- A shift from “sick care” to precision prevention could add healthy years and transform healthcare systems globally.

FUTURISM

Anthropic introduces new voice mode feature for its Claude AI assistant
- Anthropic rolls out voice mode for Claude, enabling full spoken conversations via its mobile app.
- Users can talk about images, documents, and choose from five voices; summaries appear post-chat.
- Voice access is limited by usage caps; Google integration requires paid Claude or Enterprise plans.
German consortium in talks to build AI data centre, says Telekom
- Deutsche Telekom, SAP, Ionos, and Schwarz seek EU backing for an AI data center in Germany.
- The EU plans to fund five AI gigafactories with \$20 billion to compete globally in AI.
- Challenges include chip access, electricity, and location; Germany aims to host at least one.
Rivr’s dog-like robots join Veho vans to solve the last 100 yards delivery
- Rivr and Veho launch pilot in Austin using robots to deliver parcels from vans to doorsteps.
- The four-wheeled, stair-climbing robot aims to ease last-100-yards delivery challenges and reduce driver workload.
- Rivr plans to scale up robot deliveries, using collected data to improve autonomous last-mile logistics.

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