Wednesday 18 June 2025 | Join Free | Upgrade

Together with Sponsor

Hi there, this is your daily ☕️ Techpresso.

In today's Techpresso:

💰 Meta offered OpenAI staff $100M bonuses

💸 xAI is reportedly burning $1 billion per month

🏛️ Senate passes GENIUS stablecoin bill in a win for the crypto industry

🤖 Amazon CEO says AI will reduce corporate jobs

🚀 Honda unexpectedly enters the space race

⏰ Trump grants TikTok third 90-day extension

🎁 + 14 other news you might like

🔮 + 6 handpicked research papers and tools

FROM OUR PARTNER


Stanford StartX Company – Future Cardia – Is Challenging Big MedTech

Future Cardia is on a mission to disrupt the cardiac device space with its next-gen implantable heart monitor.

Accelerated by Stanford StartX and Johnson & Johnson’s JLABS, this lean startup is taking on Medtronic and Boston Scientific with smarter, real-time heart monitoring.

Already $14M raised from super angels and over 10,000 investors via equity crowdfunding.

Why investors are backing Future Cardia:

  • Devices successfully implanted in 39 patients
  • Data powering upcoming FDA 510(k) submission
  • Recently featured in peer-reviewed journals & investor webinars

Invest Now. Offering closes soon.

💰 Meta offered OpenAI staff $100M bonuses LINK
  • OpenAI CEO Sam Altman publicly accused Meta of attempting to poach his developers by offering them compensation packages as high as $100 million.
  • Altman claimed Meta's aggressive recruitment campaign started after it fell behind on AI initiatives, with Llama 4 language model and "Behemoth" version delays.
  • Meta's alleged nine-figure signing bonuses are a facet of its significant spending aimed at overcoming internal AI struggles and securing top researchers.
💸 xAI is reportedly burning $1 billion per month LINK
  • Elon Musk's xAI reportedly spends $1 billion monthly on AI model development, a figure Musk disputes, as the company simultaneously seeks $9.3 billion in new funding.
  • Looking ahead, xAI projects burning about $13 billion during 2025, with most of its previously raised $14 billion equity already spent or allocated very soon.
  • The company's prolific fundraising barely keeps pace with expenses for server farms and specialized computer chips, though xAI projects profitability for itself by 2027.
🏛️ Senate passes GENIUS stablecoin bill in a win for the crypto industry LINK
  • The Senate overwhelmingly passed the GENIUS Act with bipartisan backing, creating the first federal regulatory framework for stablecoins, crypto tokens tied to US dollar value.
  • This legislative passage is a significant win for the digital assets industry, which has poured substantial funds into political influence efforts in Washington.
  • Crypto industry figures see the GENIUS Act's approval as a vital signpost, indicating potential for more favorable laws concerning digital assets.
🤖 Amazon CEO says AI will reduce corporate jobs LINK
  • Amazon CEO Andy Jassy stated that deploying more Generative AI and agents will change work methods, expecting a reduction in the total corporate workforce soon.
  • Jassy highlighted emerging AI "agents" capable of web scouring, writing code, and research, which will manage tasks that certain current roles previously involved.
  • This workforce reduction forecast follows Amazon's layoffs of over 27,000 staff since late 2022 and a corporate hiring slowdown despite increased company revenue.
🚀 Honda unexpectedly enters the space race LINK
  • Honda unexpectedly revealed its experimental reusable rocket completed a vertical takeoff and landing demonstration, flying to nearly 900 feet with precision.
  • Its hopper became the first prototype rocket outside the US and China to successfully complete such a vertical takeoff and landing flight.
  • The flight showcased key technologies like retractable landing gear and aerodynamic fins, marking progress after a long silence on its space project.
⏰ Trump grants TikTok third 90-day extension LINK
  • President Trump intends to give TikTok a third 90-day reprieve, delaying its required separation from Chinese owner ByteDance until mid-September.
  • White House Press Secretary Karoline Leavitt said President Trump does not want TikTok to go dark, explaining the continued delays for its ownership structure change.
  • These repeated extensions occur despite a federal law requiring TikTok to change its ownership structure, a law the Supreme Court upheld last year.

FROM OUR PARTNER

YC Dropout raises $15M from Angel Investors to take on the giants. 

Why investors are joining Future Cardia:

  • 60,000+ hours of real-world heart data already collected

  • $117B+ global market projected by 2032 and growing fast

  • Elite team from Medtronic, Boston Scientific, and Stanford

Future Cardia is moving fast. That’s why they’re featured twice today.

Invest Now. Offering closes soon.

Other news & articles you might like

  • Google launches production-ready Gemini 2.5 AI models to challenge OpenAI’s enterprise dominance LINK
  • AWS' custom chip strategy is showing results, and cutting into Nvidia's AI dominance LINK
  • Toy-maker Mattel accused of planning “reckless” AI social experiment on kids LINK
  • Threads is adding fediverse content to your social feeds LINK
  • California is trying to regulate its AI giants — again LINK
  • Apple's New Transcription APIs Blow Past Whisper in Speed Tests LINK
  • MiniMax-M1 comes close to Gemini 2.5 Pro efficiency when handling large context windows LINK
  • Hexagon unveils humanoid robot AEON with Nvidia LINK
  • Meta is reportedly building AI smart glasses with Prada, too LINK
  • Hackers steal and destroy millions from Iran’s largest crypto exchange LINK
  • Cracked screens & dead batteries are selling more iPhones than AI LINK
  • Microsoft’s next-gen Xbox has an AMD chip inside and is ‘not locked to a single store’ LINK
  • Salesforce raises prices on Slack and more, promises more AI integration as a result LINK
  • Anysphere faces investor push for funding at $18-20bn LINK

Trending research and tools

MiniMax-M1: an open-weight reasoning model that processes long inputs and handles complex tasks using a hybrid-attention system. LINK
Lstr: a fast, interactive command-line tool to view directory trees, offering git status, smart filtering, and an interactive navigation mode. LINK
Workout.cool: an open-source fitness coaching platform to create workout plans, track progress, and access an exercise database with instructions and videos. LINK
OpenSERDES: an open hardware serializer/deserializer converting parallel data to a serial stream for high-speed transmission, and then back to parallel data at the receiver. LINK
Cloudy Pad: a free, open-source tool to run your games in the cloud, letting you play anywhere without needing a powerful PC or costly subscription. LINK
Reasoning by Superposition: A Perspective on Chain of Continuous Thought: this paper shows how language models can explore many lines of reasoning together in one go by overlaying them. LINK

Want to get the latest news differently?

Not subscribed to ☕️ Techpresso yet? Subscribe for free