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Top stories today:
- Apple said to introduce Meta Ray-Ban-style glasses around 2027
- Bill Gates to close Gates Foundation in 2045
- Coinbase acquires major crypto options platform Deribit for $2.9B
- Meta said to be in talks to introduce stablecoins
- China exports +8.1% YoY, imports -0.2% in Apr. ahead of U.S. trade talks
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Apple said to introduce Meta Ray-Ban-style smart glasses with in-house chip around 2027
AR and non-AR smart glasses both are in development with the code name N401.
Non-AR smart glasses are rumored to use cameras to scan the surrounding environment and AI to assist users.
2026-end or in 2027: Apple is said to begin mass production of its chip for smart glasses.
Based on chips used in the Apple Watch, requiring less energy than those powering the iPhone, iPad, or Mac..
2027: Baltra project to develop AI server chips is rumored to be completed.
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3. Bill Gates to close Gates Foundation in 2045 after donating 99% of his fortune
The Gates Foundation plans to give away $200B over the next 20 years.
Will focus on ending preventable childbirth deaths, eliminating deadly infectious diseases, and lifting people out of poverty.
Will also work to improve U.S. education and address climate change-related issues.
The nonprofit has disbursed $100B+ since its start in 2000.
20 years after Bill Gatesā death, the foundation was originally set to close.
4. Coinbase acquires major crypto options platform Deribit for $2.9B
