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TikTok ban bill passed in House by 352 × 65, but faces challenges in Senate

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Top stories today:

  1. TikTok ban bill passed in House by 352 × 65, uncertain in Senate
  2. SpaceX to attempt 3rd Starship launch today at 8 AM ET+
  3. Figure AI showcases humanoid robot powered by OpenAI
  4. Grayscale’s Bitcoin ETF sees $11B of outflows

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.

1. TikTok ban bill passed in House by 352 × 65, but faces challenges in Senate

TikTok’s revenue is estimated at $20B for 2023, with net losses of “several billion dollars”

2. SpaceX to attempt 3rd Starship launch today at 8 AM ET+

  • 2 initial launches ended with the rockets exploding.

  • NASA is paying SpaceX $4B to turn Starship into a moon lander that can take astronauts.

  • “10ish” flight tests are necessary before astronauts can fly.

  • Every day, data brokers profit from your sensitive info—phone number, DOB, SSN—selling it to the highest bidder. And who’s buying it? Best case: companies target you with ads. Worst case: scammers and identity thieves.

  • It's time you check out Incogni. It scrubs your personal data from the web, confronting the world’s data brokers on your behalf. And unlike other services, Incogni helps remove your sensitive information from all broker types, including those tricky People Search Sites.

  • Help protect yourself from identity theft, spam calls, and health insurers raising your rates. Bay Area Times readers exclusively get 55% off Incogni annual plans with code BAY55.


4. Figure AI showcases humanoid robot powered by OpenAI

Figure’s humanoid can now understand, talk, and take actions based on speech:

  • Disclaimer: we’re indirect investors in Figure.

5. Grayscale’s Bitcoin ETF sees $11B of outflows due to higher fees, benefiting BlackRock, Fidelity

  • Grayscale charges 1.5% per year, the highest among the top 10.

  • BlackRock charges 0.25%.

  • Some Bitcoin ETFs are charging 0% for some time period (e.g. VanEck’s HODL until Mar. 2025 or until $1.5B in AUM).

Memecoins, in parallel, are seeing record volume, as we see another 4-year crypto cycle

6. Immigrants represent majority of PhDs in computer science, engineering

Immigration is projected to be the U.S.'s major cause of population growth, as births drop

7. Jonathan Haidt: end phone-based childhood now

The renowned psychologist is again arguing that phones are connected to the increase in teen mental health problems:

  • Haidt’s solutions: no smartphones before high school, no social media before 16, phone-free schools, and more real-world independence.

8. Interesting videos, posts, and memes

9. Other headlines


  • Claude 3 Haiku, Anthropic's lightest model, now available.

  • Together AI raises $106M at $1.25B, led by Salesforce.

  • Cerebras shows WSE-3 chip, pitched as largest chip for gen. AI.

  • Amazon launches new AI tools for sellers, including URL-to-product page.

  • OpenAI inks licensing deals with 2 European publishers.

  • Google DeepMind unveils SIMA, AI agent for human-level video game playing.

  • Microsoft Copilot for Security to cost $4 per “security compute unit.”

  • Prompts Daily: free newsletter on latest Ai tools, trends, and news.*

  • HubSpot: download the guide on how to use AI for better results, for free.*

  • RAD AI: AI marketing leader, 3X growth, trusted by Hasbro & MGM. Invest in AI today!*

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  • Foxconn's net income +33% to $1.7B in quarter.

  • Stripe in “no rush” to go public, net quarterly revenue ~$1B.

  • Vision Pro likely to launch soon in UK, France, Germany, Japan, Korea.

  • Incogni: keep your SSN off the dark web.*

  • citizenM has 14 tech-ready hotels stateside for the best night's sleep of your life.*

  • Techpresso: get smarter about tech in 5 min.*


Tech & law



  • Lithium Americas getting $2B loan from Energy Dept.

  • UK to ban foreign governments from owning British newspapers.


  • Ethereum hard forks with Dencun upgrade.

  • Elon: “Dogecoin to the moon,” Tesla buying payment option “at some point.”

  • Microstrategy raising another $500M to buy more BTC.

  • Hamas's alleged $165M use of crypto probed by Treasury.

  • Bitcoin Fog operator convicted of money laundering, faces 20 years.

  • Uniswap: making it easier to buy, sell and trade tokens on Ethereum.*


U.S. politics

  • Trump sees 3 out of 13 charges dismissed in Georgia election case.

  • No Labels co-chair quits as it goes ahead with bipartisan presidential ticket.

  • John Paulson potential Trump pick as Treasury Secretary.

  • Don Lemon: Elon canceled partnership with X after interview with him.


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