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Top stories today:
- Trump’s $3.3T tax bill passes Senate, heads to House
- Sam Altman slams Meta’s AI talent poaching spree
- Figma files for IPO after $228M in revenue, $45M in net income in Q1
- Elon’s X to let AI chatbots write Community Notes
- Anthropic hits $4B run rate as Claude Code leaders exit for Cursor
0. Data and calendar
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All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Trump’s $3.3T tax bill passes Senate, heads to House amid GOP pushback
51-50 vote passed the bill, with Vice President JD Vance casting the tie-breaking vote.
3 Republicans Republicans defied Trump and voted against the bill.
The package combines $4.5T in tax cuts with $1.2T in spending cuts.
Controversial tax on solar and wind energy projects was removed, but other provisions remained.
This week: the House is expected to vote on this bill.
Some GOP lawmakers are pushing for changes to the bill.
Concerns are over Medicaid cuts, spending reductions, and its overall scale.
House Speaker Mike Johnson can lose only 3 GOP votes, making passage uncertain amid united Democratic opposition.
July 4: Trump’s self-declared deadline for the bill’s passage.
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3. Sam Altman slams Meta’s AI talent poaching spree, “missionaries will beat mercenaries”
“What Meta is doing will, in my opinion, lead to very deep cultural problems,” CEO Altman reportedly said in a memo sent to OpenAI researchers.
“I am proud of how mission-oriented our industry is as a whole; of course there will always be some mercenaries,” Altman said.
Relatedly, $300M over 4 years, with $100M+ in the 1st year, is said to be the packages of some of the 10+ offers made by Zuckerberg to AI researchers.
4. Figma files for IPO after $228M in revenue, $45M in net income in Q1
