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

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

💰 OpenAI restructures into $500B public benefit corporation led by a nonprofit.
💳 PayPal becomes the first payments wallet integrated directly into ChatGPT.
📱 Apple tests OLED iPads and MacBooks with a 2026–2028 rollout planned.
🏗️ Nvidia invests $1B in Nokia to build AI-driven 5G and 6G networks.
🌪️ Hurricane Melissa hits Jamaica with 185 mph winds and catastrophic flooding.

TECHNOLOGY

• Apple Plans OLED for iPad Mini, iPad Air, MacBook Air; Mini Water Resistance (Bloomberg) 
  _{^{More: MacRumors, 9to5Mac, AppleInsider}}

  • Apple is testing OLED displays for iPad mini, iPad Air, and MacBook Air models.

  • iPad mini could launch with OLED and water resistance in 2026, potentially costing $100 more.

  • MacBook Air OLED update unlikely before 2028, while iPad Air continues with LCD through 2026.

• PayPal signs deal with OpenAI to become the first payments wallet in ChatGPT (CNBC) 
  _{^{More: Bloomberg, Reuters, CBS News}}

  • PayPal will embed its digital wallet into ChatGPT starting in 2026 for instant checkout capabilities.

  • Partnership connects PayPal's global merchant network to ChatGPT, enabling millions of products to be purchasable.

  • PayPal shares surged 10% after the announcement, with the stock previously down 18% year-to-date.

• Elon Musk launches Grokipedia as an alternative to 'woke' Wikipedia (NBC News) 
  _{^{More: CNN, Washington Post, CNBC}}

  • Musk launched Grokipedia with 885,000 AI-generated articles, positioning it as less biased than Wikipedia.

  • Many Grokipedia entries appear adapted from Wikipedia itself, with some word-for-word copies acknowledged in disclaimers.

  • The site crashed hours after launch on Monday, but returned online; Wikipedia responded that human-created knowledge remains foundational.

BUSINESS

• The next chapter of the Microsoft–OpenAI partnership (Microsoft) 
  ^{_{More: Bloomberg, NBC News, Yahoo Finance}}

  • Microsoft holds a 27% stake in OpenAI, valued at $135 billion following recapitalization and a new agreement.

  • Agreement extends Microsoft's IP rights through 2032, including post-AGI models with independent expert panel verification.

  • OpenAI commits to $250 billion Azure services purchase; Microsoft loses right of first refusal as provider.

• Nvidia to Invest $1 Billion in Nokia in AI Networking Push (Bloomberg)
  ^{_{More: CNBC, Yahoo, Nvidia Newsroom}}

  • Nvidia acquires a 2.9% stake in Nokia for $1 billion to develop AI-powered 5G and 6G networks.

  • Partnership focuses on AI-RAN technology and incorporates Nokia's data center solutions into Nvidia's AI infrastructure.

  • Nokia shares surged 20% following the announcement, reaching the highest level in nearly a decade on Tuesday.

• OpenAI adopts a new for-profit structure(OpenAI) 
  _{^{More: Al Jazeera, ABC News, Tom's Hardware}} 

  • OpenAI completed restructuring into a public benefit corporation valued at $500 billion after regulatory approval.

  • Nonprofit OpenAI Foundation retains control with $130 billion equity stake, committing $25 billion to health initiatives.

  • Independent expert panel will verify AGI declarations; Sam Altman receives no equity in restructured company.

MARKETS

WORLD

• Israel strikes Gaza after it accuses Hamas of violating the ceasefire and staging a hostage discovery (CNN) 
  _{^{More: Times of Israel, Reuters, AP News}}

  • Israeli strikes killed at least 20 people, including children, after Netanyahu accused Hamas of violating the ceasefire agreement.

  • IDF released a drone video allegedly showing Hamas staging the discovery of remains not belonging to the missing hostages.

  • Hamas postponed hostage handover and denied attacking Israeli troops, reaffirming commitment to US-brokered ceasefire deal.

• Trump, Takaichi herald 'golden age' of US-Japan alliance (CNN) 
  _{^{More: Bloomberg, Al Jazeera, NPR}}

  • Trump met Japan's first female Prime Minister Sanae Takaichi, signing deals on rare earths and trade.

  • Takaichi pledged to nominate Trump for the Nobel Peace Prize and presented him with Shinzo Abe's putter.

  • Leaders affirmed $550 billion Japanese investment package and discussed accelerating Japan's military buildup spending plans.

• Mass killings reported in el-Fasher, Sudan, as paramilitary group seizes city (The Guardian) 
  _{^{More: Al Jazeera, UN News, NPR}}

  • Yale satellite imagery analysis reveals evidence of RSF mass killings following the capture of el-Fasher after an 18-month siege.

  • UN reports summary executions with ethnic motivations; army allies claim over 2,000 civilians executed, including women and children.

  • Over 26,000 people fled in two days as RSF now controls all of the Darfur region.

FUTURISM

• Uber Plans 100,000 Nvidia-Powered Robotaxis Starting in 2027 (Bloomberg) 
  _{^{More: Transport Topics, Nikkei Asia, TechXplore}}

  • Uber targets the deployment of 100,000 autonomous vehicles using Nvidia's Drive AGX Hyperion 10 platform starting in 2027.

  • Stellantis will deliver at least 5,000 Nvidia-powered robotaxis initially, with pilot programs beginning before 2028.

  • Partnership aims to reduce robotaxi operating costs and scale autonomous ride-hailing through a unified human-robot network.

• Amazon to Cut 14,000 Jobs Across Corporate Workforce (Bloomberg) _{^{More: CNBC, TechCrunch, CBS News}}

  • Amazon eliminates 14,000 corporate positions, representing four percent of its 350,000 corporate and tech workforce.

  • Layoffs span cloud, logistics, payments, video games, and human resources as the company invests in AI infrastructure.

  • CEO Andy Jassy previously warned AI adoption would shrink the workforce while Amazon invests $118 billion in development.

• Mappa's AI voice analysis helps you find the best job candidates (TechCrunch) 
  _{^{More: Fox 5 San Diego}}

  • Mappa analyzes voice patterns to detect traits like communication style, empathy, and confidence for candidate assessment.

  • The startup raised $3.4 million from Draper Associates and claims a two percent turnover rate versus the industry's thirty percent.

  • The platform facilitated over 3,000 hires, with more than 60 percent being women, LGBTQ individuals, or immigrants.

CONTENT

• Google DeepMind Developers: How Nano Banana Was Made (a16z)

  • DeepMind’s Oliver Wang and Nicole Brichtova unpack how Nano Banana became the most viral AI image model yet.

  • They explore creativity, control, and customization in AI tools built for artists, educators, and general users alike.

  • The discussion closes on multimodal models, taste in design, and the coming shift from image to video generation.

• I Tried the First Humanoid Home Robot, It Got Weird (WSJ)

  • Joanna Stern tests the $20,000 1X Neo humanoid robot, blending home automation with AI-driven teleoperation.

  • The review reveals Neo’s limited autonomy, heavy human oversight, and unresolved privacy risks via in-home cameras.

  • It highlights the uneasy tradeoff between convenience, cost, and trust as humanoid assistants approach consumer readiness.

• From Idea to $650M Exit: Lessons in Building AI Startups (Y Combinator)

  • Casetext CEO Jake Heller shares how his AI legal startup scaled to a $650M acquisition by Thomson Reuters.

  • His talk outlines how founders can turn AI demos into dependable tools through testing, evaluations, and user feedback.

  • Key takeaway: long-term success depends less on hype and more on trust, defensibility, and real customer outcomes.

• Turn AI noise into signal*

  • Cut through the hype. Roko’s Basilisk distills the day’s AI breakthroughs, market moves, and workable workflows into a five-minute brief.

  • Get one sharp deep dive, fast Quick Hits, and a witty pro tip, plus links that actually matter.

  • Join 100k+ readers who start decisions here each morning.

EXTRAS

• Jensen Huang says Nvidia's AI chips are now being manufactured in Arizona (CNBC) 
  _{^{More: CNN, Tom's Guide, Nvidia Blog}}

  • Nvidia CEO Jensen Huang announced Blackwell AI chips are in full production in the Arizona facilities.

  • The company partnered with Nokia for 6G telecommunications infrastructure and the Department of Energy for seven new supercomputers.

  • GTC Washington conference emphasized national security themes as the Trump administration approved H20 chip sales to China.

• Hurricane Melissa Makes Landfall in Jamaica (CNN) 
  _{^{More: ABC News, NBC News, Washington Post}}

  • A category 5 hurricane struck Jamaica near New Hope with 185 mph winds, matching the strongest Atlantic landfalls.

  • The storm caused catastrophic flooding with 20 to 30 inches of rain and a 13-foot storm surge.

  • Seven deaths confirmed across the Caribbean; over 530,000 Jamaicans lost power as the storm re-strengthened toward Cuba.

• Netflix CTO says more vertical video experiments are coming (TechCrunch) 
  _{^{More: CNN Business, Tom's Guide}}

  • Netflix CTO Elizabeth Stone announced vertical video feed testing to provide mobile users with more snackable content options.

  • The company plans to experiment with user-generated Moments clips and podcast content from the Spotify partnership through 2026.

  • Stone emphasized Netflix won't copy TikTok but will focus on unique entertainment experiences for members.

AND MORE

• At least 64 people were killed in Brazil’s largest-ever police raid ahead of climate summits.

• Global markets brace for major tech earnings while the dollar and gold wobble.

• 190k+ readers from Google, TikTok, OpenAI, and Deel love Open Source CEO deep dive business content.*

• António Guterres says humanity has already missed the 1.5 °C global warming target.

• Taiwan warns that Senkaku Islands-style islands could be targeted in China’s upcoming five-year plan.

• Oil prices dip about 2 % as investors weigh possible OPEC+ output increase and U.S.-Russia sanctions.

• Global stocks reach new closing highs on tech momentum and U.S.-China trade-tension easing.