Episode Details

Tim Cook sent Apple staff a farewell memo on his last day as CEO, the FTC sued Amazon over $20B in hidden ad surcharges, Starman Optical bought GoPro for $285M, Waymo hit three cities, and Dyson made an AI toothbrush.

• On his last day as CEO, Tim Cook sends a memo to Apple employees reflecting on his time and says he takes "enormous comfort in handing the helm" to John Ternus (9to5Mac)
• John Ternus became Apple's CEO on Tuesday, succeeding Tim Cook after 15 years; he'll have to navigate leadership churn, stem a talent exodus to OpenAI, and unveil a foldable iPhone this month (The New York Times)
• The US FTC and 22 state AGs sue Amazon, alleging it overcharged advertisers by $20B+ since 2019 via hidden surcharges, with costs largely passed on to consumers (CNBC)
• Starman Optical agrees to acquire GoPro in an all-cash deal valued at $285M, a premium of 29.5% to GPRO's last close; GoPro hit a market cap of $4B in 2014 (Reuters)
• Starman Optical will pay GoPro shareholders $1.14 per share and leave them with ~10% of the combined company, which stays public; the deal wipes out GoPro's $92M debt and is expected to close by year end (TechCrunch)
• Waymo starts offering driverless rides to customers in San Diego, Tampa, Florida, and Denver; Amazon's Zoox plans to start testing in Houston and San Diego (CNBC)
• PSI, which aims to use AI "to industrialize the discovery of new physics" including cracking interstellar travel, emerges from stealth with a $58M seed (The Deep View)
• Dyson unveils the $499 CameraJet, an AI-powered toothbrush with a 100K-pixel macro lens that scans at 28 images per second and is trained on nearly 470K images (Bloomberg)

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