Top stories today:

1. Anthropic hires OpenAI’s former safety leader Jan Leike
2. OpenAI former board member says Altman repeatedly lied
3. HubSpot +8% to $33B market cap after rumors of Google buy
4. Former FTX exec Ryan Salame gets 7.5 years in prison
5. Samba Nova demos Llama 3 8B at 1K tokens per second

0. Data and calendar

1. Anthropic hires OpenAI’s former safety leader Jan Leike, as OpenAI announces safety committee, GPT-5 training

• To report to OpenAI’s Chief Science Officer, Jared Kaplan.

  • Ilya Sutskever’s status is still TBD.

• OpenAI’s new Safety and Security Committee is a board committee “responsible for making recommendations to the full Board on critical safety and security decisions.”

  • “OpenAI has recently begun training its next frontier model.”

Prediction markets expect GPT-5 to be launched in Q4 or 2025

3. OpenAI former board member says Altman repeatedly lied, informed of ChatGPT launch over Twitter

• 2 executives told us “how they couldn’t trust him,” “they didn’t think he was the right person to lead the company to AGI.”

• “Didn’t inform the Board that he owned the OpenAI Startup Fund.”

• “On multiple cases, he gave us inaccurate information on the small number of safety processes the company had in place.”

• “Impossible for the board to know how well those safety processes were working.”

• OpenAI’s current board chief, Bret Taylor, said, “We are disappointed that Ms. Toner continues to revisit these issues.”

4. HubSpot +8% to $33B market cap after another report of potential Google buy

• “All-stock deal for Alphabet to acquire HubSpot,” CNBC’s David Faber reported, saying that they were “in conversations.”

• Still below its 2021 high of $43B market cap.

5. Former FTX exec Ryan Salame gets 7.5 years in prison, goes back to tweeting

• More than the 5-7 years the prosecutors sought.

• Salame pled guilty to conspiracies to operate an unlicensed money-transmitting business and to make illegal contributions.

• But he did not cooperate.

• Another 3 years of supervised release.

• Only $11M in monetary penalties.

6. Samba Nova demos Llama 3 8B at 1K tokens per second, #1 fastest provider

• Leverages Samba’s custom SN40L RDU AI chips.

• No public API yet.

• Chat interface demo available.

7. Interesting videos, posts, and memes

8. Other headlines

AI

• Microsoft launches Copilot bot for Telegram.

• Chromebook adds AI-powered features.

• PwC to roll out ChatGPT Enterprise to 101K employees.

Tech

• YouTube’s Playables mobile games launches on iOS.

• Lenovo raises $2B in convertible bonds with Saudi Arabia.

• Nubank dethrones Itau as most valuable bank in Latam.

Tech & law

• TikTok ban oral arguments in U.S. Court of Appeals will happen in Sep.

• U.S. presses social media companies to suppress antisemitic content.

• U.S.’s 25% tariff on China’s GPUs, motherboards goes into effect on Jun. 15.

Biotech

• Merck nears $1.3B cash deal for eye drug company EyeBio.

• Turn Bio signs $300M epigenetic reprogramming deal with HanAll. (Disclaimer: we are shareholders.)

• FDA details new “platform technology” process that could accelerate approvals.

Business

• T-Mobile will acquire most of U.S. Cellular in $4.4B deal.

• Chinese firms creating new brands to skirt U.S. bans.

Crypto

• BlackRock’s Bitcoin ETF reaches $20B, ahead of Grayscale’s.

• Binance exec jailed in Nigeria suspected of having malaria: family.

• 41% of U.S. paying attention to crypto, from 34% in Nov.

U.S. politics

• Trump jury deliberations to start today in NY hush money trial.

• Marco Rubio’s low-key strategy to become VP.

• Harvard to no longer comment on issues outside education.

• 58% following political news closely, vs. 52% in Apr. 2020.

World

• Rafah center reached by Israeli army.

• U.S. pier in Gaza being repaired after rough seas.

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