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- TikTok ban deadline extended by Trump for 3rd time
TikTok ban deadline extended by Trump for 3rd time
Bay Area Times
June 20, 2025
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Top stories today:
- TikTok ban deadline extended by Trump for 3rd time
- ChatGPT Enterprise pricing revamped as OpenAI targets Microsoft
- Meta said to plan hiring Ilya Sutskever’s startup CEO
- OpenAI cautions next-gen AI models may aid bio-weapon development
- Surge AI surpasses Scale AI in revenue with $1B+ in 2024 sales
- SpaceX’s Starship explodes on test stand in latest setback
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).
No major events today.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. TikTok ban deadline extended by Trump for 3rd time
“He’s making an extension so we can get this deal done,” White House press secretary Karoline Leavitt said.
Jan. 20: Trump initially delayed enforcement of the TikTok sale-or-ban law.
No clear legal basis for the extensions.
Trump has amassed 15M+ followers on TikTok since he joined in Jun. 2024.
Virtuix’s VR treadmill lets you run, jump, dodge, and sweat inside your favorite games, like turning Call of Duty into cardio.
400,000+ users. $40M+ raised. Mark Cuban’s in. So is the U.S. Air Force.
It’s not just a product, it’s a platform. And you can still invest for as little as $500.
*Disclaimer: This Reg CF offering is made available through StartEngine Primary LLC, member FINRA/SIPC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
3. ChatGPT Enterprise pricing revamped with credit system as OpenAI targets Microsoft
Businesses are projected to pay $15B/year for ChatGPT subscriptions in 2030:
A fixed price was attached with ChatGPT Enterprise earlier.
Credit system that can be used to upgrade to more advanced tools and add new features.
10-20% discounts for multiyear contracts or high API spending.
Not public: exact ChatGPT Enterprise pricing.
Microsoft salespeople have reportedly been asked to match OpenAI discounts.
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*Disclaimer: We have equity in Athyna.
5. Meta said to plan hiring Ilya Sutskever’s startup CEO after failed acquisition attempt
Sutskever’s Safe Superintelligence CEO Daniel Gross and ex. GitHub CEO Nat Friedman are reportedly on Meta’s hiring radar.
Meta tried to acquire Sutskever’s startup earlier this year and even attempted to hire him, but failed.
Zuckerberg started negotiating with Gross soon after talks with Sutskever ended.
Gross runs a VC firm NFDG with Friedman.
Meta would get a stake in NFDG upon hiring both the executives, who will work on products under Scale AI founder Alexandr Wang.
Virtuix’s VR treadmill lets you run, jump, dodge, and sweat inside your favorite games, like turning Call of Duty into cardio.
400,000+ users. $40M+ raised. Mark Cuban’s in. So is the U.S. Air Force.
It’s not just a product, it’s a platform. And you can still invest for as little as $500.
*Disclaimer: This Reg CF offering is made available through StartEngine Primary LLC, member FINRA/SIPC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
