Top stories today:

1. OpenAI buys stake in Thrive Holdings, plans to embed agents
2. xLight, Gelsinger’s chip startup, to get up to $150M from Trump admin
3. NVIDIA takes $2B stake in Synopsys with expanded computing power
4. Runway unveils Gen-4.5 video model, topping OpenAI, Google rivals
5. Apple’s AI chief John Giannandrea exits, Amar Subramanya to take over
6. Samsung launches Galaxy Z TriFold with expanded 10” display

0. Data and calendar

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. OpenAI buys stake in Thrive Holdings, plans to embed agents across its portfolio companies

• “[R]eally prove out ways that we can accelerate that type of transformation,” OpenAI COO Brad Lightcap said.

• Apr.: Thrive Capital created Thrive Holdings with an initial $1B in funding.

• Shield Technology Partners and Cret Professionals Alliance are Thrive Holdings’ initial 2 operations.

• Thrive Holdings meant to help modernize how companies operate.

• Financial details of the arrangement were not disclosed.

2. xLight, Gelsinger’s chip startup, to get up to $150M from Trump admin for EUV laser push

• The Commerce Department would provide the incentives, with the government receiving equity and becoming xLight’s largest shareholder.

• xLight develops extreme-ultraviolet lithography laser tech for advanced chipmaking.

• “This is deeply personal to me,” said former Intel CEO Pat Gelsinger, who serves as xLight’s executive chairman.

• 2022 Chips and Science Act is providing the summary.

4. NVIDIA takes $2B stake in Synopsys with expanded computing power partnership

NVIDIA shares +2% on Mon. after the announcement: