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Top stories today:
- Sam Altman said to pursue controlling stake in SpaceX rival
- Appleās UI chief Alan Dye exits for Meta
- Micron to exit Crucial consumer unit to focus on AI memory chips
- K2 Space said to raise ~$270M at $3B valuation for satellite buildout
- U.S. sheds 32K jobs in Nov., most since 2023: ADP report
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. Sam Altman said to pursue controlling stake in SpaceX rival Stoke Space before talks stalled
Representational image generated using ChatGPT.
Altman reportedly approached Stoke Space over the summer, with discussions accelerating in the fall.
OpenAI is facing market headwinds as investors cool on its expansive ambitions.
Earlier this week, OpenAI declared a ācode red,ā shifting resources to improve ChatGPT amid market-share pressure from Google.
2. Appleās UI chief Alan Dye exits for Meta
Dye will oversee design across hardware, software, and AI interfaces at Meta.
Meta is forming a new design studio around Dyeās hire.
Dye will report directly to CTO Andrew Bosworth.
Veteran designer Stephen Lemay will take over Dyeās role at Apple.
2015: Dye has led Appleās user-interface design team.
Appleās Jobsian ādesign is how it worksā approach to UI has been signaled by Lemayās new role.
Now, new H-1B petitions come with a $100K price tag. Thatās pushing enterprises to rethink how they hire.
The H-1B Talent Crunch report explores how U.S. companies are turning to Latin America for elite tech talentāAI, data, and engineering pros ready to work in sync with your HQ.
Discover the future of hiring beyond borders.
*Disclaimer: We have equity in Athyna.
4. Micron to exit Crucial consumer unit to focus on AI memory chips
Micron shares -2% on Wed. after the announcement:
