Patience Haggin / Wall Street Journal:
Sources: AT&T agreed last week to a deal worth up to $2B to upgrade the FirstNet emergency cellular network it runs for the Commerce Department  —  Commerce Secretary Howard Lutnick hashed out FirstNet program changes with AT&T CEO  —  AT&T agreed to a deal worth up to $2 billion …

Aarian Marshall / Wired:
Letters to Sen. Ed Markey: six autonomous vehicle companies say remote assistants don't directly control vehicles; Tesla says its operators are allowed to do so  —  The electric-car maker says it happens rarely and at speeds below 10 mph.  But the disclosure—in response to a US senator's questions …

Grace Kay, Ashley Stewart, and Pranav Dixit, writing for Business Insider (News+):

“Part of bringing me on, and giving me the responsibilities of a CEO, was to make sure that I could really run that part of the company with autonomy,” Simo, whose title is CEO of applications, told Business Insider.

Altman defers to Simo when he doesn’t feel strongly, she said, and they “debate it out” when he does.

I am deeply suspicious of any company with two CEOs. It occasionally works, like at Netflix, when they’re not just co-CEOs but co-equals. Simo does not seem Sam Altman’s equal at OpenAI.

As OpenAI races toward a possible IPO later this year, Simo, who oversees nearly two-thirds of the company, has a delicate balancing act. She must craft a strategy to make products profitable, while convincing staffers who joined a research-driven organization that commercialization won’t change the mission.

The stakes are high. Deutsche Bank estimated that OpenAI is expected to amass the “largest startup losses in history,” totaling a projected $143 billion between 2024 and 2029. (An OpenAI spokesperson said that figure is incorrect, and one person familiar with the numbers said OpenAI’s internal projections are in line with other reports of $111 billion cash burn by 2030.)

It’s really something when the number in the company’s favor is a loss of $111 billion.

One former Meta employee recalled a moment when, after a contentious meeting, Simo sent a one-line follow-up saying she was unlikely to change her mind, so the team shouldn’t waste time trying to persuade her. She has little patience for internal debates that lose sight of the product, the former employee said, and she’s skilled at “being super clear in her directive so teams don’t scramble and waste time.”

Debates that lose sight of the product quality, or lose sight of the product revenue? Given that Simo rose to prominence at Facebook, eventually running the Facebook blue app, and considering the product quality vs. product revenue balance of that app, I think we know the answer.

This whole dumb “superapp” idea that leaked last week sounds exactly like the sort of thing someone who ran the Facebook app would think is a good idea. The difference, I expect, is that Facebook is free to let product quality (and experience quality) fall by the wayside because their social platforms have such powerful network effects. People stay on Facebook and Instagram even as the experiences worsen because everyone they know is also still on those apps. There’s no network effect like that for ChatGPT. Claude is already rising to near-equal status in popularity, and Gemini isn’t far behind, and Simo hasn’t even started enshittifying ChatGPT yet. People will just switch.

Amazon’s Big Spring Sale may not have been as “big” as Black Friday or even Prime Day, but depending on what you’re after, the discounts are more appealing than you might think. Take charging accessories, for instance. Anker, Twelve South, Baseus, and others have sharply lowered the prices of some of our favorite add-ons, including […]

Bloomberg:
Sources: Microsoft is in talks with Chevron and investment fund Engine No. 1 over a $7B Texas power plant that would initially generate 2.5 GW of electricity  —  Microsoft Corp. is in exclusive talks with Chevron Corp. and investment fund Engine No. 1 over a long-term deal that would underpin …