Top stories today:

1. ChatGPT adds Google Drive, Microsoft OneDrive integrations
2. Reddit stock +13% after partnership with OpenAI
3. Midjourney v6 leads new text-to-image model leaderboard
4. 15 billionaires now at or above $100B, a record

0. Data and calendar

No major events today.

1. ChatGPT adds Google Drive, Microsoft OneDrive integrations

• Interesting that Google Drive is above Microsoft OneDrive, even after Microsoft invested $10B+ into OpenAI.

You can now edit tables and create charts directly on ChatGPT

• Rollout “over the coming weeks,” 1st with paying users.

2. Reddit stock +13% after partnership with OpenAI

• “OpenAI will bring enhanced Reddit content to ChatGPT and new products, helping users discover and engage with Reddit communities.”

• Financial details TBD.

• Reddit previously did a $60M/year partnership wtih Google on data.

4. Midjourney v6 leads new text-to-image model leaderboard

• Ahead of Stable Diffusion 3 and DALLE 3 HD.

• Ranking is a result of user votes in blind tests comparing 2 models, similar to LMSYS’s Chatbot Arena Leaderboard we usually feature here.

• Midjourney v6 is still the slowest of the models, however.

• Playground v2.5 and SDXL Lightning lead in cost-effectiveness among the cheaper models.

5. 15 billionaires now at or above $100B, a record

Read more: Bloomberg.

6. House supply below pre-Covid average across U.S., except in parts of FL, TX

7. Interesting videos, posts, and memes

8. Other headlines

AI

• Reka AI in talks to sell to Snowflake for $1B.

• Stability AI in talks to raise money from Sean Parker, others.

• Replit cuts 30 employees, focusing on enterprise now.

• Google Workspace for Education gets Gemini.

• Hugging Face donating $10M of compute to ZeroGPU.

Tech

• TikTok testing 60-minute videos as it targets YouTube.

• Figma allows employees to sell shares at $12.5B valuation.

• Twitter finally moves to X.com.

• X’s Communities feature updated: improved discovery, search, sorting.

• Vercel raises $250M Series E at $3.25B.

• GTA IV only coming out in fall 2025: Take-Two.

• Starlink triggers new commercial space race: documentary.

Tech & law

• DOJ: North Korea dispatches citizens to work remotely for U.S. companies.

• Elon pushes plan for Chinese data to power Tesla’s AI.

Biotech

• 1st Neuralink patient: Businessweek profile.

• Menopause drug from Bayer shows positive result in Phase III trials.

• FDA approves advance lung cancer treatment from Amgen.

Business

• China unveils largest real estate rescue package yet, including home purchases.

  • Consumer spending +2.3%, industrial output +6.7%.

• Biden tariffs criticized by IMF as risk to U.S., world growth.

• 3 Fed officials suggest higher rates for longer.

Crypto

• Bipartisan Senate votes 60-38 to kill SAB 121, but Biden may veto it.

• Solana +3% to $168 even after $2M Pump Fun exploit.

• Telegram-based Notcoin launches at $0.7B market cap.

• CME considers spot bitcoin trading, leading Coinbase stock -9%.

U.S. politics

• House passes GOP bill to reverse Biden’s Israel weapons pause.

• Supreme Court rejects attempt to dismantle CFPB by 7-2.

• Michael Cohen grilled by Trump’s lawyers on witness stand.

• Trump willing to include Kennedy in Biden debates.

• Billionaire candidates that spent $10M’s, lost elections: a look at.

World

• NATO considers sending trainer troops to Ukraine.

• Russia advanced <10km last week before being halted near Kharkiv.

• Ukraine hits energy facilities with huge drone attack: Russia.

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