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Hi there, this is your daily ☕️ Techpresso.
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In today's Techpresso:
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🚫 China blocks Meta's $2B Manus acquisition 📱 OpenAI plans an AI smartphone to rival iPhone 👀 Musk is about to launch his 'everything app' 💥 John Ternus to launch 10 new Apple products ❌ Microsoft ends exclusive OpenAI cloud deal ☀️ Meta signs space solar power deal 🎁 + 10 other news & articles you might like 🧰 + 6 trending tools 📚 + 3 trending papers & reports
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🚫 China blocks Meta's $2B Manus acquisition
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- China has blocked Meta's $2 billion purchase of AI start-up Manus, with the National Development and Reform Commission telling both parties to withdraw from the deal, citing Chinese laws on foreign investment in the company.
- Manus is based in Singapore but owned by Chinese parent Butterfly Effect Technology, and Meta had already absorbed its staff and paid out investors including Tencent Holdings, ZhenFund and Hongshan before the ruling came down.
- A source told the Financial Times the NDRC's move was "harsh" and meant as a warning against similar follow-on deals, serving as leverage ahead of next month's planned meeting between Donald Trump and Xi Jinping.
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📱 OpenAI plans an AI smartphone to rival iPhone
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- OpenAI is building a smartphone to take on the iPhone, according to supply chain analyst Ming-Chi Kuo, who says MediaTek and Qualcomm will supply the chips and Luxshare will handle manufacturing, with mass production set for 2028.
- Kuo argues the phone is the only device that captures a user's full real-time state, including location, activity, and communication, and that controlling both the operating system and hardware is needed to deliver AI agent services.
- The phone marks a reversal from OpenAI's previously reported hardware plans with Jony Ive, which focus on a smart speaker, smart glasses, a smart lamp, and earbuds, with the first announcement expected in late 2026.
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👀 Musk is about to launch his 'everything app'
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- Elon Musk is about to roll out X Money, a banking and payments platform that turns X into the "everything app" he promised when he renamed Twitter in 2023, according to Bloomberg.
- The finance feature will reportedly offer a savings account with 6 per cent interest and 3 per cent cashback on some transactions, building on a Visa partnership announced last year for a digital wallet and peer-to-peer payments.
- The launch will be limited because X still lacks licences in key states like Massachusetts and New York, and Senator Elizabeth Warren has written to Musk raising concerns about scams, fraud, and data privacy on the platform.
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💥 John Ternus to launch 10 new Apple products
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- Incoming Apple CEO John Ternus is set to roll out ten new products during his tenure, starting with the iPhone 18 Pro, 18 Pro Max, and the company's first foldable iPhone at the September hardware event.
- Beyond the iPhone Fold, Mark Gurman reports that Apple's pipeline includes a Smart Home Hub, a Tabletop Robot with a 9-inch screen on a robotic arm, a Home Security System, smart glasses, and AirPods with cameras.
- Also on the list are an AI Pendant worn as a necklace, a touchscreen MacBook with an OLED display due in late 2026 or early 2027, lightweight AR glasses, and a foldable iPad with a 20-inch screen that may be scrapped.
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❌ Microsoft ends exclusive OpenAI cloud deal
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- Microsoft and OpenAI have signed a new deal that removes Microsoft's right of first refusal to serve as OpenAI's compute provider, ending a key piece of exclusivity between the two companies after years of a tight partnership.
- Microsoft now owns roughly 27 percent of OpenAI's new public benefit corporation, worth about $135 billion today, and its IP rights to OpenAI models and products stretch to 2032 and now cover post-AGI models.
- OpenAI has agreed to spend another $250 billion on Azure services, can jointly develop some products with third parties, and can sell API access to US government national security customers through any cloud provider.
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☀️ Meta signs space solar power deal
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- Meta has struck a deal with startup Overview Energy for up to 1 gigawatt of solar energy collected in space, aiming to power its artificial intelligence data centers through satellites that orbit Earth and beam electricity back.
- Overview Energy plans to gather sunlight using satellites orbiting Earth and convert it into electricity that can support the grid, offering Meta a new source to meet its growing demand for power.
- The 1 gigawatt volume from the agreement is roughly equal to the output of a single nuclear reactor, showing the scale Meta is chasing as it hunts for ways to feed its data centers.
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Other
news & articles you might like
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Google is redesigning its app icons to fix a big problem
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OpenAI Posts Five-Principle Framework for AGI, Altman Concedes Bigger Role
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China's DeepSeek slashes prices for new AI model
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Iran war disrupts the circuit board supply chain, raises costs for tech firms
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An OpenAI-linked news outlet appears to be entirely AI-generated
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New AI data center in Utah will generate and consume more than twice the amount of power the entire state uses
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Spotify’s next frontier: fitness content
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Ex-worker gets 10-year jail term in TSMC trade secrets case
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🧰 Trending tools
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Jet AI Agents: build and deploy no-code internal tools or client portals on any data source, with self-hosted infrastructure support for full data control.
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Orange Slice: lets you build Go-To-Market workflows in plain English, from finding ideal customers to qualifying inbound leads and triggering Slack alerts automatically.
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VIDEO AI ME: turns selfies, product photos, and scripts into multilingual AI videos with realistic actors, covering ads, courses, and short-form content across 70+ languages.
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Atech: snap modular hardware components together and auto-generate firmware from plain descriptions, turning electronics prototyping from days into minutes.
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Brew Finder: helps remote workers locate nearby coffee shops with live data on crowd levels, seating, WiFi quality, and power outlet availability.
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SNEWPapers: a searchable archive of 6 million+ historical newspaper articles spanning 250 years, with semantic search, AI research assistance, and full text extraction.
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You can check the previous tools here, or add your tool here
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📚 Trending papers & reports
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> Diffusion-based coding AI proved more resistant to aggressive memory compression at 2 to 4 bits than its traditional autoregressive counterpart, losing less accuracy on standard coding tests.
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> AI model representations are converging across different networks and data types, suggesting all models may be moving toward a single, shared understanding of reality.
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> Cold fusion went from a disgraced, rejected field after Fleischmann and Pons's 1989 announcement to a surviving area of research, now seeing a modest revival with government funding in the US and EU.
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🎓 Want to master the AI tools we cover every day? Techpresso's AI Academy has 300+ step-by-step tutorials on ChatGPT, Claude, Perplexity, and every tool that matters. No fluff — just practical workflows you can use at work.
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