00:01The U.S. delivered a 15-point proposal to Iran addressing the country's nuclear and ballistic missile program, as well
00:08as control of the Strait of Hormuz.
00:10In exchange, Iran would receive full sanctions relief, support for a civilian nuclear energy program, and removal of the snapback
00:18mechanism for imposing international sanctions.
00:21Israel, which is connecting joint military options with the U.S., has seen the plan, but remains highly skeptical that
00:28Iran will agree to the full terms.
00:30It's worth noting Iran publicly denies that any negotiations are underway, even as Trump declared from the Oval Office that
00:37talks are ongoing right now.
00:40Just six months after Sora launched and quickly went viral, OpenAI is shutting down the AI video app, as it
00:48pulls back on costs ahead of a potential IPO.
00:52The closure also kills the landmark deal with Disney, which had agreed to license over 200 characters and invest $1
00:59billion in OpenAI, with no money ever having changed pants.
01:03OpenAI says its Sora research team will pivot to world simulation research to advance robotics, while the company faces mounting
01:12competitive pressure from Anthropik and Google, which are now the dominant players in enterprise AI.
01:19A Santa Fe jury found Meta liable on all counts, including willfully engaging in unfair and deceptive and unconscionable trade
01:28practices,
01:28for failing to warn users about platform dangers and protect children from sexual predators.
01:35Jurors determined there were thousands of individual violations and applied the maximum $5,000 penalty per violation,
01:43though the total of $375 million is less than one-fifth of what prosecutors had sought.
01:49The verdict makes New Mexico the first state in the nation to win against a major tech company on these
01:56claims.
01:56Meta says it will appeal, and a second phase of the trial is set to seek additional penalties and court
02:03-mandated changes to how the platforms protect children.
02:08Epic Games confirmed it is laying off more than 1,000 employees, roughly 20% of its workforce,
02:14and slashing $500 million in costs, as Fortnite engagement has fallen sharply since 2025.
02:20In a memo to staff, CEO Tim Sweeney cited a straightforward financial reality,
02:26with the company spending more than its making, and emphasized the layoffs are entirely unrelated to AI.
02:33This marks Epic's second major round of cutoffs in three years,
02:36coming as broader industry headwinds, including weak consumer spending, sluggish console sales,
02:42and competition from other entertainment continue to batter the gaming sector.
02:47We'll see you next time.
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