Wednesday, January 22, 2025

Techpresso logo

TECHPRESSO

OpenAI and SoftBank unveil $500B Stargate project

Receive a daily summary of what happened in tech, powered by ML and AI.

Thank you! We sent you a verification email.
Oops! Something went wrong while submitting the form.
Join 1,500+ thinkers, builders and investors.

Good morning! This is your daily โ˜•๏ธ Techpresso.


In today's Techpresso:

๐Ÿ”ฎ OpenAI and SoftBank unveil $500B Stargate project

๐Ÿ’ธ MrBeast joins group to buy TikTok in US

๐Ÿ’ฅ Donald Trump pardons Silk Road creator

๐Ÿ•ถ๏ธ Meta is building Oakley smart glasses for athletes

๐Ÿ” SEC forms new crypto task force

๐ŸŽ + 10 other news you might like

๐Ÿ”ฎ + 4 handpicked research papers and tools

๐Ÿ”ฎ OpenAI and SoftBank unveil $500B Stargate project LINK

  • OpenAI, SoftBank, Oracle, and MGX have announced the $500 billion Stargate project to develop AI computing infrastructure in the US over four years, marking a historic AI investment.
  • The initiative aims to build data centers to support AI advancements, including OpenAI's pursuit of AGI, promising to enhance US leadership in AI and create numerous jobs.
  • SoftBank will oversee financial operations with Masayoshi Son as chairman, while technology partners include Arm, Microsoft, and Nvidia, alongside MGX's involvement from Abu Dhabi's sovereign wealth.
  • ๐Ÿ’ธ MrBeast joins group to buy TikTok in US LINK

  • MrBeast, also known as Jimmy Donaldson, has joined forces with Jesse Tinsley to make an all-cash offer for TikTok's American operations.
  • The legal firm Paul Hastings announced the bid, highlighting Tinsley's leadership of a group of investors, with Donaldson being the only publicly identified member.
  • TikTok's future in the US remains uncertain, despite its brief shutdown by ByteDance, as it faces a possible ban if the sale isn't completed by the specified deadline.
  • ๐Ÿ’ฅ Donald Trump pardons Silk Road creator LINK

  • President Donald Trump has granted a pardon to Ross Ulbricht, the founder of Silk Road, who was convicted of money laundering, narcotics trafficking, and computer hacking.
  • Ulbricht had been serving a life sentence since 2015 for creating a dark web marketplace used by drug dealers and other illegal vendors to distribute drugs and launder money.
  • Trump's pardon follows Ulbricht's unsuccessful attempt to appeal his sentence in 2017 and aligns with arguments from crypto supporters who viewed his punishment as excessively severe.
  • ๐Ÿ•ถ๏ธ Meta is building Oakley smart glasses for athletes LINK

  • Meta is reportedly developing Oakley-branded smart glasses, named "Supernova 2," targeting athletes and featuring a centrally placed camera to appeal to cyclists and outdoor sports enthusiasts.
  • The Oakley smart eyewear could share features with Ray-Ban Meta glasses, with improvements like lighter weight and polarized lenses to suit the needs of endurance athletes better.
  • In addition to Oakley glasses, Meta is also planning a premium version of its Ray-Ban glasses, which will include a display for notifications, basic apps, and photo previews.
  • ๐Ÿ” SEC forms new crypto task force LINK

  • The U.S. Securities and Exchange Commission announced the creation of a new task force to establish a clear regulatory framework for cryptocurrency assets.
  • President Donald Trump, identified as a crypto entrepreneur, has committed his administration to supporting the industry's interests, contrasting with the previous administration's adversarial stance.
  • Commissioner Mark Uyeda, recently appointed as acting SEC Chair, along with Commissioner Hester Peirce, plans to revamp crypto policies, including guidance on when tokens are considered securities.
  • Other news you might like

    Microsoft is no longer OpenAIโ€™s exclusive cloud provider LINK

    Perplexity launches Sonar, an API for AI search LINK

    Apple Intelligence, previously opt-in by default, enabled automatically in iOS 18.3 LINK

    Stripe accidentally sent a picture of a cartoon duck to some of the 300 people it laid off LINK

    TikTok owner ByteDance plans to spend $12 bln on AI chips in 2025 LINK

    Netflix reports surge in subscribers, new price hikes LINK

    Meta COO Sheryl Sandberg sanctioned by judge for allegedly deleting emails LINK

    Google increases investment in Anthropic by another $1 billion LINK

    Anthropic CEO expects major AI breakthrough, plans to launch "virtual collaborators" LINK

    Latest research and tools

    GITHUB โ€ข 262 points View Source
    Hunyuan3D 2.0 โ€“ High-Resolution 3D Assets Generation: Hunyuan3D 2.0: a system that generates high-resolution textured 3D assets, allowing users to create, manipulate, and animate 3D models effectively.

    GITHUB โ€ข 79 points View Source
    Show HN: NotepadJs โ€“ A cross-platform love letter to Notepad: NotepadJs: a simple cross-platform app that recreates the Windows Notepad experience and is installable as a Progressive Web App (PWA).

    GITHUB โ€ข 44 points View Source
    Evo: Version control that works the way you think: Evo: a modern version control system designed to simplify branching, merging, and collaboration for developers with a focus on intuitive use and minimal conflicts.

    GITHUB โ€ข 23 points View Source
    SDL 3 Officially Released: SDL 3: a multimedia library that provides APIs for graphics rendering, audio, and user input across platforms, with enhanced documentation, consistent naming, and new features like GPU access, dialog support, and improved audio management.


    Want to get the latest news differently? Find us on:

    twitter instagram spotify apple-podcasts


    See you tomorrow for a new dose of โ˜•๏ธ Techpresso!

    Feeling behind on AI?

    You're not alone. Techpresso is a daily tech newsletter that tracks the latest tech trends and tools you need to know. Join 150,000+ professionals from top companies like OpenAI, Apple, Google and more. 100% FREE.
    Thank you! We sent you a verification email.
    Oops! Something went wrong while submitting the form.
    Join 1,500+ thinkers, builders and investors.
    You're in! Thanks for subscribing to Techpresso :)
    Oops! Something went wrong while submitting the form.
    Join 5,000+ thinkers, builders and investors.