Happy Thursday.
๏นฅ Be Elon Musk
๏นฅ Could retire forever after PayPal
๏นฅ Decide instead to fly to Russia to buy rockets
๏นฅ Russians laugh at you
๏นฅ Decide to build rockets yourself
๏นฅ First rocket explodes
๏นฅ Second rocket explodes
๏นฅ Third rocket explodes
๏นฅ Tesla and SpaceX both near collapse
๏นฅ Put your entire fortune into both, borrow money for rent
๏นฅ After 6 years, finally get one rocket to orbit
20 years later, SpaceX will IPO at a $2T valuation next month.
Per aspera ad astra. ๐ค
Enjoy today's news.
Robinhood launches support for AI agentic trading. Users can create separate wallets so agents can review investments, suggest trades, and buy or sell stocks.
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Meta launches paid plans for Instagram, Facebook, and WhatsApp. Subscriptions will start at $2.99โ$3.99/month, unlocking extra features like profile customization, super reactions, and deeper story insights across the apps.
๐ 2 m
Cognition, the startup behind the AI software engineer Devin, raises $1B at a $26B valuation.
๐ 2 m
OpenAI Foundation commits $250M to help workers adapt to AI, fund economic research, and test new ways to share the value AI creates.
๐ 2 m
Mark Zuckerberg and Priscilla Chanโs Biohub launches an AI โworld modelโ for biology, creating an engine to simulate cells and predict how diseases and drugs behave to speed up drug discovery.
๐ 2 m
Cash App adds stablecoin payments. Users can now send and receive USDC with automatic USD conversion and no wallet setup.
๐ 1 m
YouTube upgrades AI labels. AI-generated videos and Shorts will now get more visible disclosures, with YouTube also starting to auto-detect undisclosed AI content.
๐ 3 m
Y Combinator-backed RentAHuman launches a marketplace where AI agents can hire humans for real-world tasks. The startup lets people earn money through deliveries, errands, and data collection, with 735,000+ signups across 100+ countries.
๐ 2 m
Also from YC: Apollo Atomics launches to build compact nuclear reactors deployable in under 24 months. The startup shrank one core reactor component, the steam generator, to make plants roughly 40x smaller while delivering the same power as traditional nuclear systems.
๐ 3 m
Netflix and Spotify acquire video rights to Jay Shettyโs On Purpose podcast in a reported $100M deal. New video episodes will launch across both platforms in July.
๐ 4 mย
New Naval Podcast episode: Naval Ravikant sits down with Guillermo Rauch (founder & CEO, Vercel), Blake Scholl (founder & CEO, Boom Supersonic), and Max Hodak (founder, Science) to discuss AI software factories, why โpure softwareโ may be ending, models instructing humans, and how AI is changing how products get built.
๐ฟ 15 m
Y Combinator drops new Lightcone episode: YC partners discuss YCโs internal AI agent stack, shared databases for agents, self-improving skill loops, and why AI may be at its personal computer moment.
๐ฟ 46 m
As promised, tech and startups in a minute.
See you tomorrow.
P.S. Donโt start a startup, by Steve Jobs... evergreen. ๐
