WHAT’S INSIDE

• Tech News: Fiscal, Debt, Bond Market, Surveillance, DEFIANCE Bill, Harvard

• Company Watch: Anthropic, Tesla, Digg, Airwallex, Baidu, LM Arena, Crusoe,

• Feature: The Next Killer Android App is Your Body

• Buzzy Tools: Latest Buzzy tech, AI and financial tools

• Deep Tech: The latest in deep tech, biotech, futurism and more

• Space Tech: Latest news in the space race and aerospace tech

• Crypto: Blockchain and crypto policy and startups or protocols to watch

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TECH IN THE NEWS

Fiscal Fears Hit — US stocks fell as investors worry the Republican-led spending bill could worsen fiscal health, threaten stability. Investors poured $2.5B into non-U.S. equities this year driven by economic policies, high valuations.

Debt Dilemma — Jamie Dimon warns a new U.S. tax bill could add $3.8T to national debt, risking stagflation amid geopolitical tensions and inflation pressures.

Bond Market Jitters — Rising global inflation challenges long bonds as Treasury plans to issue $16B in 20-yr bonds.

Terminal Troubles — A major Bloomberg financial terminal outage disrupted trading activities and government bond offerings, affecting numerous pro traders.

Silent Surveillance — Sen. Ron Wyden uncovered that AT&T, T-Mobile, and Verizon failed to inform lawmakers about government surveillance requests, breaching contractual duties.

DEFIANCE Bill — The bill to aid digital forgery victims will be reintroduced after the TAKE IT DOWN Act. It promises swift Congressional passage backed by Melania.

Harvard's Hurdle — The Trump admin has revoked Harvard's  ability to enroll international students, affecting 27% of its student body. It plans to appeal the ruling.

COMPANIES TO WATCH

Big Movers

Google I/O 2025 — The annual devcon showcased major AI advancements with new products like Gemini Ultra, Veo 3, and Imagen 4.

OpenAI — Stargate 1GW AI cluster in Abu Dhabi, to open with 200MW by 2026. Supported by G42, Oracle, NVIDIA, Cisco, and SoftBank, with U.S. government support.

Tesla — Elon Musk doesn’t rule out merging Tesla and xAI to boost self-driving capabilities, but it faces many challenges. Tesla conducts robotaxi tests with 10 Model Y SUVs in Austin, geofencing to safe areas.

Klarna — The Swedish fintech presented earnings through an AI avatar and hit ~$1M revenue per employee after a 40% workforce reduction despite losses in Q1.

Making Waves

Digg — Christian Selig, known for developing the Apollo Reddit app, joins Digg as an advisor to founders Kevin Rose and Alexis Ohanian.

Airwallex — The Fintech headquartered in Melbourne, raised $150M, boosting its valuation to $6.2B. The funds will drive AI development to enhance growth and support global ops as it expands.

Baidu — The Apollo Go robotaxi service has completed 11M+ rides since 2019, with a 75% rise in Q1 2025. Hit 32B yuan in revenue and a 42% profit increase, exceeding analyst forecasts as it aims to expand.

LM Arena — A crowdsourced benchmarking project for AI models, raised $100M in seed funding from a16z and UC Investments, valuing it at $600M. It partners with major AI labs.

Crusoe — The natural gas flaring reduction innovation startup based in Denver secured $11.6B to build OpenAI's $11.6B data center in Texas.

SignalFires — Read the Top signals, Startups + Deals From Last Week

The Next Killer Android App is Your Body: AI Wearables and the $1T+ Embodied Intelligence Market

In the 2000s, it was the smartphone. In the 2010s, the smart speaker. In the AI-driven 2020s, the next killer app might not live in your pocket or on your desk—but on your body. Google finally launched its XR glasses and they look great, and OpenAI acquired legendary iPhone designer Jony Ive's wearable tech firm io for $6.5B, planning to launch a mystery AI device asap. Meanwhile, the race is continuing to develop brain-computer interface tech like Neuralink and even to connect human bodies to the internet, and AI.

Google’s Return to the Glasses Race

Once burned by the overhyped Google Glass, the tech giant is making a forceful return with Android XR, a new platform designed to bring its Gemini AI to glasses and headsets. At Google I/O, newly un-retired co-founder Sergey Brin modeled new prototype glasses embedded with an in-lens MicroLED display, real-time translation capabilities, and visual-contextual awareness powered by Gemini Live.

Brin now calls smart glasses the “killer app” for AI. Google's strategy blends urgency and scientific rigor—pushing wearable AI that understands your world through camera vision, runs multimodal models locally, and partners with stylish eyewear brands like Warby Parker and Gentle Monster (both favored by many celebrities).

Android XR isn’t just for glasses. A mixed-reality headset co-developed with Samsung, Project Moohan, also launches this year. Together, they represent Google's parallel push: from immersive XR to lightweight AI eyewear, bridging the transition from phones to all-day wearable computing.

OpenAI + Jony Ive Rethink AI Hardware

Meanwhile, OpenAI has quietly taken a radical leap in the device game. In a $6.5 billion all-stock acquisition, it absorbed Jony Ive’s startup "io" to develop a new category of AI hardware. The duo’s goal: to build a screenless, ambient “third core device”—not a phone, not a pair of glasses, but something new, possibly worn around the neck or pocketed. Sounds suspiciously like the Humane AI Pin to me...

Still, with Ive at the helm it's hard to see how this idea could miss the zeitgeist as much as Humane did. Sam Altman has called the prototype the “coolest piece of technology the world will have ever seen,” believing it could add $1 trillion in market value. The device will reportedly be fully aware of the user’s surroundings, bridging voice, vision, and presence into a seamless AI companion experience.

Apple Plays Catch-Up

Apple, long rumored to be working on AI integration into wearables, faces an inflection point. Apple's N401 chip, designed for smart glasses, aims to offer advanced features like environmental scanning and real-time AI processing without overheating. This tech could replace many iPhone functions, making traditional smartphones obsolete, as Apple prepares to dominate the next computing platform with lighter, practical smart glasses by 2026-2027.

But the Vision Pro XR headset, while technically advanced, hasn’t yet embraced embodied AI as deeply as Google or OpenAI’s plans. Reports suggest delays and internal uncertainty as Apple races to open its AI models to third-party developers. Rumors suggest there will be no new Siri update at the upcoming WWDC conference as the firm's AI woes continue.

Meta Wants Your Eyeballs

Meta, too, continues to push its Ray-Ban smart glasses in partnership with EssilorLuxottica. These glasses offer built-in cameras and Meta AI integration, but reviewers note they are thicker and less comfortable than Google's new prototypes. Meta is reportedly developing next-gen smart glasses with "super-sensing" vision software that includes facial recognition and can provide reminders based on user behavior. Still Meta doesn't have the integrated app ecosystem Google does so the utility beyond entertainment tasks will be a challenge to surmount. For now, the offering lacks the contextual intelligence that Google’s XR platform demonstrates.

Amazon's Audio-First Route

Amazon’s Echo Frames, by contrast, are taking a subtler route. These smart audio glasses lack a camera and screen, focusing instead on Alexa integration and discreet voice commands. They're lighter and more socially acceptable for now—but feel dated next to vision-enabled wearables that can actually “see” the world.

Why AI Wearables Are Next

AI wearables represent the next phase in AI—not just smart, but situated. With multimodal AI, wearable devices can finally offer real-time, embodied intelligence. Google calls its Android XR platform a “giant leap forward.” OpenAI bets on creating a new post-iPhone device class. The implications could be to:

• Reduce screen time without sacrificing capability

• Provide always-on assistance without overt intrusion

• Physical-ize proactive, and personalized “agentic” AI into our lives

The race to dominate the AI wearable space is about defining the next core interface for human-computer interaction. The AI assistant of the future won’t just be in your phone, it will be on, and eventually maybe… in your body.

And that might just make it the next $1 trillion idea.

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BUZZY TOOLS

Buzzy Tech Tools To Watch & Use

Google I/O 2025 — Unveils Gemini 2.5 Pro, Google Beam, Android XR glasses.

Anthropic — Claude Opus 4 model enables AI agent autonomous work up to 7 hrs.

II-Agent — O-s assistant excels in research, content, data, software, automation.

Shopify — AI tool creates online stores from keywords, simplifying website setup.

xAI — Live Search API grants apps real-time data access from X and the internet.

BUZZY TECH

The Latest Deep Technology & Trends To Watch

Infrared Contacts — Convert infrared light to visible, lightweight night-vision.

ZEUS Laser — 2 petawatt laser powers epic quantum physics, medicine research.

Signal Blocks Recall — Screenshot blocking enhances user privacy on Win 11.

Hypersonic Propulsion — China's detonation engine achieves sustained Mach 8.

Quantum Processor — Fiber optics-enabled distributed quantum computing.

CRYPTO WATCH

Bitcoin's New Peak — Bitcoin has surged to an all-time high above $111,000, with a market cap over $2.2T driven by favorable regulations and economic sentiment, but volume remains low.

GENIUS Act Boost — David Sacks supports the bipartisan GENIUS Act stablecoin bill, predicting it could generate trillions in demand for U.S. Treasurys.

Kraken's xStocks — Kraken is launching tokenized U.S. stocks on Solana for global users, offering 24/7 trading of major equities like Apple and Tesla. Excludes U.S. users due to regulatory issues.

Hong Kong Stablecoin Bill — Hong Kong has enacted a stablecoin bill emphasizing reserve asset management and aml compliance.

Strive Enterprises — Vivek Ramaswamy’s firm plans to acquire distressed Bitcoin claims, including 75,000 BTC from Mt. Gox, as part of a merger with Asset Entities. The new publicly traded firm aims to boost the BTC exposure of its treasury.

SPACE_RACE

Bitcoin's New Peak — Bitcoin has surged to an all-time high above $111,000, with a market cap over $2.2T driven by favorable regulations and economic sentiment, but volume remains low raising concerns of a suckers rally.

GENIUS Act Boost — David Sacks supports the bipartisan GENIUS Act stablecoin bill, predicting it could generate trillions in demand for U.S. Treasurys.

Kraken's xStocks — Kraken is launching tokenized U.S. stocks on Solana for global users, offering 24/7 trading of major equities like Apple and Tesla. Excludes U.S. users due to regulatory issues.

Hong Kong Stablecoin Bill — Hong Kong has enacted a stablecoin bill emphasizing reserve asset management and aml compliance.

Strive Enterprises — Vivek Ramaswamy’s firm plans to acquire distressed Bitcoin claims, including 75,000 BTC from Mt. Gox, as part of a merger with Asset Entities. The new publicly traded firm aims to boost BTC exposure.

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