JUST IN: Amazon, Microsoft, Google, and OpenAI pledged AI-in-education commitments at a White House event. First lady Melania Trump hosted the gathering with cabinet secretaries and tech CEOs, including Sundar Pichai, Satya Nadella, and Sam Altman. Energy Secy. Chris Wright

JUST IN: OpenAI is said to project $115B cash burn by 2029, ~$80B above its prior forecast. 2025 burn is projected at $8B+, about $1.5B higher than before. By 2026, cash burn is set to double to $17B+.

JUST IN: ElevenLabs staff is set to sell shares in a $6.6B tender offer led by Sequoia and Iconiq. The offer will allow ElevenLabs staff to sell as much as $100M in stock. a16z and others are also participating in the deal. ElevenLabs’ ARR has grown to $200M from $100M in ten

JUST IN: Apple unveils iPhone 17 series, iPhone Air, new Watch models, and AirPods Pro 3. iPhone 17 Pro and Pro Max feature vapor chamber cooling + triple 48MP cameras. iPhone Air carries 5.6mm thick and includes a new N1 wireless chip. AirPods Pro 3 bring Live Translation and

JUST IN: Oracle and OpenAI are said to ink a $300B, 4.5GW deal for compute power. The agreement begins in 2027, with Oracle working alongside Crusoe and others. Data centers are being explored in Wyoming, Pennsylvania, Texas, Michigan, and New Mexico.

JUST IN: OpenAI says nonprofit parent to keep $100B+ stake, signing a non-binding MoU with Microsoft. The nonprofit will retain oversight control. Capital raising remains possible under the new structure. Microsoft’s MoU outlines the next phase of partnership.

JUST IN: 73% of ChatGPT use is now personal, OpenAI study finds. Nonwork prompts rose from ~50% in Jun. 2024 when work and personal use were evenly split. Most users are women, with ~50% of chats from ages 18–25.

JUST IN: TikTok deal “framework” reached with China, Bessent says. China’s Vice Commerce Minister Li Chenggang said in Madrid a “consensus” framework had been reached. The framework could pivot TikTok to U.S.-controlled ownership. Trump is expected to speak with Xi on Friday.

JUST IN: Figure AI raises $1B+ at $39B valuation in Parkway-led round. Other backers: Brookfield, NVIDIA, Salesforce, Macquarie, Align, plus Intel & Qualcomm via venture arms.

JUST IN: Fed cuts rates by 25 bps to 4.00%–4.25%, signals more cuts likely. It’s the first cut in nine months, with officials saying labor-market softness outweighed stubborn inflation. “That downside risk is now a reality,” Powell said, referring to remarks in July. He

JUST IN: Intel +23% on NVIDIA’s $5B investment, marking its best day since Oct. 1987. NVIDIA’s stake comes as part of a deal to co-develop data center and PC chips. Big win for Leopold Aschenbrenner’s Situational Awareness fund, already +47% in H1.

JUST IN: Trump will sign TikTok deal this week, White House says. Oracle will manage TikTok security for U.S. users. China will not have access to the U.S. data, White House officials said.

JUST IN: NVIDIA plans up to $100B investment in OpenAI for data center push. OpenAI will deploy NVIDIA systems needing 10GW of power — equal to 4-5M GPUs, “twice as much as last year,” NVIDIA CEO Huang said. First $10B tranche comes when 1GW is completed.

JUST IN: SEC chief signals crypto rule exemptions by Dec. The SEC will draft new crypto rules in coming months, Chair Paul Atkins said. Jul.: Atkins floated the idea of an exemption to let businesses quickly enter the market.

JUST IN: Trump expected to sign TikTok deal today. TikTok’s U.S. operations will be run by a new joint venture. China’s ByteDance will own less than 20% of the new entity. Oracle will oversee U.S. user data.

JUST IN: TikTok U.S. deal wins Trump’s approval; Vance says it’s valued at $14B. Trump signed an EO approving the plan to keep TikTok running in the U.S. under new conditions. Oracle, Silver Lake, and Abu Dhabi’s MGX will lead with a ~45% stake. ByteDance investors and new

JUST IN: ByteDance said to retain significant TikTok U.S. ownership while handing off data control. Under the Trump deal, ByteDance would earn 50%+ of U.S. profits. TikTok U.S. would split into 2 entities — the new JV would handle backend ops, with ByteDance as the largest

JUST IN: Trump says a government shutdown is “probably likely.” “Nothing is inevitable, but I would say it’s probably likely,” he said. The comment followed a deadlocked meeting with Democratic leaders Monday.

JUST IN: OpenAI releases Sora app to create, share AI videos with self-insertion cameos. Invite-only on iOS in the U.S. & Canada; Android version in development. Built on new Sora 2 model with AI audio sync. “Cameo” tool lets users insert/edit AI videos of themselves &

JUST IN: OpenAI is said to become the world’s most valuable private company with a $500B valuation in a share sale. – The deal vaults it past SpaceX’s $400B valuation. – Investors include Thrive, SoftBank, Dragoneer, T. Rowe, and MGX, who bought shares from employees.