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Top stories today:
- OpenAI wants Microsoft to have 33% stake
- Trump Organization unveils $499 Android phone
- Truth Social files for dual Bitcoin, Ether ETF
- Tron said to go public via $210M SRM reverse merger
- WhatsApp finally brings ads after over decade ad-free
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. OpenAI wants Microsoft to have 33% stake, has internally discussed antitrust complaint
OpenAI and Microsoft are reportedly negotiating terms over the startupās for-profit restructure.
OpenAI said to be looking to modify existing clauses in its contract with Microsoft.
Seeking to exempt a planned $3B Windsurf acquisition.
Renegotiating cloud arrangements.
OpenAI executives are reportedly considering complaining to antitrust regulators about Microsoftās conduct.
āWe have a long-term, productive partnership,ā Microsoft and OpenAI said in a joint statement.
2. Trump Organization unveils $499 Android phone, Trump Mobile service
Aug.: the T1 Phone will be available in the U.S.
6.78ā AMOLED display with 120Hz refresh rate, 50MP rear camera, 5000mAh battery, and a gold color option.
A U.S.-made phone, the Trump Organization has claimed.
Initial batch would come from China to maintain the given price.
Trump Mobile service will work with all 3 major U.S. carriers and rely on resale deals.
$47.45/month: the serviceās Core ā47 Planā cost to users.
Virtuixās Omni One is a full-body VR treadmill that turns Fortnite into a fitness experience, allowing you to walk, run, crouch, jump, and sweat inside your favorite game.
400,000+ users. $18M in sales. Now, even the U.S. Air Force wants in on battle training.
Backed by Mark Cuban. Public investing on StartEngine, starting at just $500.
*Sponsored by Virtuix. ($15,000 contracted). Prospective investors should review the offering materials for details, including all risk factors, before making an investment decision. This advertisement is not an offer to sell or a solicitation of an offer to buy securities. Any investment involves significant risks, including the possible loss of your entire investment. This Reg CF offering is made available through StartEngine Primary LLC, member FINRA/SIPC. The Company may, at its sole discretion, extend the offering beyond the stated Termination Date.
Representational image generated using ChatGPT.
