The Brutalist Report - tech
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- Trump urges Congress to pass the Clarity Act at a White House event with execs including the CEOs of Coinbase and Robinhood; the bill has stalled in the Senate (Bloomberg) [4d]
- Sources: YouTube is offering top creators millions to post videos exclusively on YouTube for a period and will penalize those that post to Netflix concurrently (Lucas Shaw/Bloomberg) [4d]
- Former Meta engineering director Arturo Béjar testifies that Mark Zuckerberg prioritized growth and engagement over child safety on Facebook and Instagram (Reuters) [4d]
- Google announces new study tools, including a student hub, notebooks, and interactive 3D visualizations in Gemini, plus student offers for Google AI plans (Amanda Caswell/Tom's Guide) [4d]
- Letter: Stripe told investors January 1 marked the "beginning of the singularity", a major inflection point in long-term trends, and H1 revenue rose 41% YoY (Axios) [4d]
- Sources: SpaceX approached AI coding startup Cognition about a potential acquisition; deal talks are inactive, but the companies are discussing working together (Bloomberg) [4d]
- Sources: OpenAI CFO Sarah Friar told employees at an all-hands that OpenAI "will be a public company in 2027", or sooner if "our business continues to inflect" (CNBC) [4d]
- Sources: AI chip startup Fractile is in talks to raise ~$600M at a $6.5B pre-money valuation, up from ~$1B in May, and has an initial ~$250M deal with Anthropic (Bloomberg) [4d]
- Source: Nvidia has discussed an investment in Mercor as part of a round valuing the startup at $20B; Nvidia paid Mercor tens of millions of dollars last quarter (The Information) [4d]
- Stripe agrees to buy New York-based OpenRouter; a source says Stripe is paying $7.5B, with $1.5B going to the startup's founders and $6B to investors (Erin Griffith/New York Times) [4d]
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