Reading List
The most recent articles from a list of feeds I subscribe to.
Sources: current and former OpenAI employees plan to sell ~$6B in stock to Thrive Capital, SoftBank, and others in a secondary sale that values OpenAI at ~$500B (Kate Clark/Bloomberg)
Kate Clark / Bloomberg:
Sources: current and former OpenAI employees plan to sell ~$6B in stock to Thrive Capital, SoftBank, and others in a secondary sale that values OpenAI at ~$500B — SoftBank, Dragoneer and Thrive Capital are set to buy OpenAI shares from current and former employees at a $500 billion valuation.
A US district court judge temporarily blocks an FTC probe into Media Matters, part of an antitrust investigation into ad boycotts, calling the probe retaliatory (Bloomberg)
Bloomberg:
A US district court judge temporarily blocks an FTC probe into Media Matters, part of an antitrust investigation into ad boycotts, calling the probe retaliatory — Nonprofit Media Matters for America won a court order blocking a Federal Trade Commission information demand for documents …
Roblox shares closed down 6.34% on Friday after the company was accused in two lawsuits of failing to sufficiently protect youngsters on its platform (Cecilia D'Anastasio/Bloomberg)
Cecilia D'Anastasio / Bloomberg:
Roblox shares closed down 6.34% on Friday after the company was accused in two lawsuits of failing to sufficiently protect youngsters on its platform — Roblox Corp. shares fell more than 6% Friday after the company, which operates an online video-game service popular with children …
Winklevoss twins' Gemini files for a US IPO and reports a $282.5M net loss on $67.9M revenue in H1 2025, vs. a $41.4M net loss on $73.5M revenue a year earlier (Monique Mulima/Bloomberg)
Monique Mulima / Bloomberg:
Winklevoss twins' Gemini files for a US IPO and reports a $282.5M net loss on $67.9M revenue in H1 2025, vs. a $41.4M net loss on $73.5M revenue a year earlier — Gemini Space Station Inc., led by the billionaire Winklevoss twins, filed for an IPO as the cohort of crypto businesses seeking to list on public markets continues to swell.
Keep Calm and Delete Your Old Emails to Conserve Water
From a press release from the UK’s National Drought Group this week, quoting group chair Helen Wakeham (emphasis added):
“We are grateful to the public for following the restrictions, where in place, to conserve water in these dry conditions. Simple, everyday choices — such as turning off a tap or deleting old emails — also really helps the collective effort to reduce demand and help preserve the health of our rivers and wildlife.”
To reaffirm that she did not misspeak, from a list of tips for conserving water at home, which includes legit tips like taking shorter showers and turning off the tap while brushing your teeth (Sidenote: Who leaves the water running while brushing their teeth?):
Delete old emails and pictures as data centres require vast amounts of water to cool their systems.
This is so profoundly stupid and wrong that I don’t even know how to make fun of it. But it sure speaks to how futile it might be to hope that the UK government understand the first thing about end-to-end encryption. (Via Jason Eccles.)