OpenAI pulls promotional materials around Jony Ive deal

In this Newsletter Today:

• OpenAI pulls promotional materials around Jony Ive deal due to court order

• Tesla launches robotaxi rides in Austin

• Crypto Market Faces $1B Liquidation Amid US-Iran Tensions

• AI Tutorial

• 5 Best AI Tools

TODAY'S AI" NEWS

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OpenAI pulls promotional materials around Jony Ive deal due to court order

Jony Ive hardware deal stays, but trademark fight removes promos

Summary: OpenAI has removed all ads about its $6.5 billion purchase of Jony Ive’s hardware firm, io. A trademark lawsuit from rival company iyO (known for its ear‑worn device) forced the takedown. OpenAI says the deal is still happening, even with the legal fight. Also, the hardware work with Jony Ive will keep going behind the scenes.

Key Points (Detailed)

• Lawsuit Over Name: The startup iyO, which came from Google, is suing OpenAI and io. They claim the brands are too similar (“io” vs “iyO”) because of their likeness and product overlap.

• Promo Stuff Removed: OpenAI took down a joint blog post, social media updates, and a 9-minute intro video featuring Jony Ive and Sam Altman. This was done because of a court order.

• Deal Still Alive: OpenAI says the $6.5 billion acquisition is still on. Jony Ive’s design team continues to work on AI hardware internally.

• Why It Matters: This shows OpenAI's shift to physical AI devices. Ive leads the design, and there’s a big all-equity deal involved. The trademark fight just adds a layer of legal drama, not setback in vision.

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Tesla launches robotaxi rides in Austin

Driverless rides begin at $4.20 with big promises—and big questions

Summary: On June 22, 2025, Tesla started its eagerly awaited robotaxi trial in Austin, Texas. The service has a small fleet of 10 to 20 driverless Model Y vehicles. They are equipped with Full Self-Driving (FSD) software. A Tesla employee sits in the front seat for safety, but these cars run without steering wheels or pedals. Rides cost a flat $4.20. Tesla CEO Elon Musk plans to expand to cities like San Francisco and Los Angeles. He aims to have hundreds of thousands of autonomous vehicles. Yet, safety concerns, teleoperation transparency, and regulatory reviews remain unresolved.

Key Points

• Pilot Launch Details: The programme has 10–20 Model Y robotaxis in South Austin. They operate from 6 AM to midnight and charge a flat rate of $4.20 per trip. Tesla employees sit in front for safety monitoring.

• Camera-Only Tech: Tesla uses only cameras and neural nets. Unlike competitors like Waymo, they don’t use LiDAR or radar sensors.

• Safety & Teleoperation Unknowns: Key operational details—like remote oversight (“teleoperations”)—are still unclear. The NHTSA is reviewing Tesla’s safety plan, especially for bad weather handling.

• Regulatory Environment: Texas allows some driverless operations to happen now. But lawmakers want to wait for stricter rules before moving forward.

• Future Expansion Vision: Musk wants to grow fast. He could make current Teslas robotaxis and bring in new vehicles like the Cybercab by 2026. Meanwhile, rival platforms like Waymo and Cruise are already operating broader services.

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Crypto Market Faces $1B Liquidation Amid US-Iran Tensions

Key moves in Bitcoin, Ethereum, Tether & more — plus major developments

Summary: On June 22, Bitcoin and Ethereum fell sharply due to geopolitical tensions. At the same time, Tether added a large new supply. Meanwhile, new blockchain initiatives and memecoins responded to global events. Here are the most important highlights:

Key Points

• Bitcoin Dips Below 100K USDT: Bitcoin dropped step by step, falling below 100,000 USDT. It was trading at about 99,932 USDT at 8 PM IST. This marks a 3.5% decline in the last 24 hours.

• Ethereum Falls Under 2.2K USDT: Ethereum dropped to about 2,190 USDT. This is a fall of nearly 9.6% in just one day.

• Tether issues $1B USDT on Tron: Tether Treasury minted 1 billion USDT on the Tron blockchain. This prepares for future issuance and liquidity.

• New Crypto Movers to Watch: Broccoli’s F2B network started a foundation for the community. It includes new programs for ecology and rebates.

• Geopolitical Ripple Effects: Iran warned it might close the Strait of Hormuz. This caused a 400% rise in the “OIL” memecoin. This shows investor worry as tensions rise in the Middle East.

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