🏛️ OpenAI restructures as Public Benefit Corporation 🏛️
For-profit status with public good mandate

OpenAI is replacing its complex "non-profit controlling a for-profit controlling an LLC" structure with a Public Benefit Corporation model. This formal for-profit status includes a statutory commitment to the public good, unlocking SoftBank's investment while addressing concerns from California and Delaware regulators. Microsoft is reportedly willing to reduce its equity stake in exchange for guaranteed access to future technologies, potentially paving the way for an eventual IPO.

🩸 Haemanthus launches amid Theranos comparisons 🩸
Blood testing startup raises eyebrows

Billy Evans, partner of imprisoned Theranos founder Elizabeth Holmes, has launched Haemanthus, a startup promising "human health optimization" through blood analysis. The company's similarities to Theranos — which fraudulently claimed revolutionary blood testing capabilities — have sparked immediate skepticism from investors and medical professionals. Unlike Theranos, Haemanthus has yet to specify what technological advantages it claims over conventional blood testing.

🔍 Apple confirms AI impact on search behavior 🔍
Video AI comes to your pocket

Apple VP Eddy Cue has revealed that Safari search volume is declining for the first time in history due to users shifting to AI assistants. The announcement triggered a 7% drop in Alphabet's stock price, despite Google's assurances that overall searches from Apple devices continue to grow. The revelation provides concrete evidence that generative AI chatbots and traditional search engines are competing directly in the same market.

INTERESTING NEWS

💰 Gates Foundation announces 2045 sunset 💰

In a surprising announcement, Bill Gates has revealed that his Gates Foundation will spend its entire $100+ billion endowment and close by 2045. The 20-year plan focuses on eradicating diseases like tuberculosis, HIV, and malaria. Unlike most charitable foundations designed to exist in perpetuity, Gates believes concentrating resources within a defined timeframe will maximize impact on global health challenges.

🍕 DoorDash bids $3.8B for Deliveroo 🍕

DoorDash has made a $3.8 billion offer to acquire Deliveroo, the British food delivery platform in which Amazon holds a 14% stake. The move comes amid significant consolidation in food delivery, following Glovo's merger with Delivery Hero and Just Eat's sale to Prosus. For DoorDash, which generates 88% of revenue in the US, acquiring Deliveroo represents its best opportunity to gain meaningful European market share.