Top stories today:

1. Trump announces global tariff to 15% after SCOTUS setback
2. OpenAI said to target ~$600B compute spend by 2030
3. OpenAI’s AI devices team said to have 200+ staff
4. Cybersecurity stocks slide after Anthropic update
5. Tesla bid to overturn $243M Autopilot crash verdict rejected
6. Bitcoin briefly falls <$65K amid tariff uncertainty

0. Data and calendar

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

1. Trump announces global tariff to 15% after SCOTUS setback

Most countries would face higher U.S. tariffs under the new 15% baseline, though key partners see little change:

• Unclear when they would come into effect.

• Fri.: Trump announced a 10% tariff on nearly all U.S. imports.

• Trump also signed an EO to keep the de minimis suspension despite the SCOTUS ruling.

The White House has struck agreements with major partners, including the EU, though the ruling clouds them

• Earlier tariff deals remain in place, U.S. Trade Rep. Jamieson Greer said.

• The European Parliament’s trade chief plans to propose freezing EU ratification pending clarity.

• India also reportedly postponed U.S. talks on an interim trade deal.

2. OpenAI said to target ~$600B compute spend by 2030, below prior $1.4T push

OpenAI is reportedly projecting $283B in revenue by 2030:

• OpenAI reportedly burned ~$8B in 2025, below its $9B target.

• 2026: OpenAI expects to burn ~$25B and ~$57B in 2027, ~$30B more in total than previously forecast.

OpenAI still expects to turn cash-flow positive in 2030 with $40B in cash flow

OpenAI now expects revenue to reach $30B this year and $62B next year, led by ChatGPT

4. OpenAI said to have 200+ staff on AI devices, including $200-$300 camera-equipped smart speaker

The AI device team is led by Peter Welinder and includes io co-founder Tang Tan as hardware lead: