Happy Monday.
For anyone who logged off this weekend, the Musk vs. Altman saga got a new chapter. Grab a seat:
﹥ Friday: Apple drops a lawsuit that sets the whole thing off
﹥ Saturday: Elon resurfaces his "Scam Altman" tweet
﹥ Minutes later: Sam claps back at Elon's space data centers
﹥ Elon: come visit them next year, if your parole officer approves
﹥ Sam: you're only this obsessed because our new model is that good
Now that everyone's caught up, let's get into it.
Enjoy today's news.
Apple sues OpenAI, io Products, and ex-employees Chang Liu and Tang Tan, alleging stolen hardware trade secrets fueled OpenAI's device ambitions.
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SK Hynix raises $26.5B in its Nasdaq debut, the biggest foreign IPO in U.S. history, to fund new memory chip fabs.
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China recovers its Long March 10B rocket booster for the first time, becoming the second nation after the U.S. to achieve reusable rockets.
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Meta suspends its Muse Image feature that let users generate images from public Instagram accounts, after backlash over its opt-out policy.
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Disney+ considers launching a free streaming tier, offering select shows and movies at no cost to compete for viewer attention.
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Anthropic extends Claude Fable 5 access on paid plans and keeps Claude Code's weekly rate limits 50% higher through July 19.
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New David Senra episode: David Senra sits down with Ramp co-founder Eric Glyman to discuss building smarter financial infrastructure, AI agents negotiating purchases, and why labs are Ramp's real competition.
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As promised, tech and startups in a minute.
See you tomorrow.
P.S. Ever wondered what's behind the TBPN curtain? Ashlee Vance got a full tour of the Ultradome, horse statue and all 🐴
