tech

Bezos poaches xAI cofounder from OpenAI for his Project Prometheus startup

The competition among AI startups for poaching top talent has a new contender.

The Financial Times reports that xAI cofounder Kyle Kosic has been poached from OpenAI by Amazon founder Jeff Bezos for his new AI industrial manufacturing startup, Project Prometheus.

Kosic was one of the original 11 cofounders of xAI and worked on the Colossus data center. Kosic left xAI in 2024 to return to OpenAI. Elon Musk is the last xAI cofounder still working for the company.

According to the report, Kosic will work on AI infrastructure in his new role at Project Prometheus, which has reportedly hired hundreds of staff in San Francisco, London, and Zurich.

Jeff Bezos’s new lab hires xAI co-founder from OpenAI

Jeff Bezos’s new lab hires xAI co-founder from OpenAI

Kosic was one of the original 11 cofounders of xAI and worked on the Colossus data center. Kosic left xAI in 2024 to return to OpenAI. Elon Musk is the last xAI cofounder still working for the company.

According to the report, Kosic will work on AI infrastructure in his new role at Project Prometheus, which has reportedly hired hundreds of staff in San Francisco, London, and Zurich.

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Report: Apple’s foldable iPhone may be delayed by engineering troubles

One of Apple’s key product launches for 2026 might be facing delays.

The company’s planned foldable iPhone has run into engineering problems during testing, and mass production could be delayed as a result, according to a report from Nikkei Asia.

The complexity of the novel design is reportedly taking longer than expected to perfect, and could push back the product’s launch by months.

Per the report, Apple planned to initially produce 7 million to 8 million of the foldable iPhones, which it intends to position as a premium entry in the new iPhone lineup.

This would be the second Apple foldable product that has faced delays due to engineering problems, as Bloomberg reported that a $3,000 foldable iPad would be delayed until 2029 or later.

Apple shares were down sharply in early trading.

Foldable iPhone hits engineering snags, shipment delays possible: sources

Foldable iPhone hits engineering snags, shipment delays possible: sources

The complexity of the novel design is reportedly taking longer than expected to perfect, and could push back the product’s launch by months.

Per the report, Apple planned to initially produce 7 million to 8 million of the foldable iPhones, which it intends to position as a premium entry in the new iPhone lineup.

This would be the second Apple foldable product that has faced delays due to engineering problems, as Bloomberg reported that a $3,000 foldable iPad would be delayed until 2029 or later.

Apple shares were down sharply in early trading.

tech

Report: Some of Meta’s new AI models will eventually be open-source

Axios reports that Meta is close to releasing its first new AI models after setting up its “superintelligence” team led by former Scale.AI CEO Alexandr Wang, and some of the models will eventually be released with an open-source license.

Per the report, Meta sees an opportunity to focus on consumers, rather than the lucrative enterprise market that both OpenAI and Anthropic have been focusing on.

Meta had previously embraced open-source AI with its Llama models, with CEO Mark Zuckerberg writing a manifesto declaring open-source AI as “the path forward.” Axios says that Meta will be pursuing more of a hybrid strategy of proprietary and open-source models going forward.

The New York Times previously reported that Meta was delaying the launch of its new AI model because of performance issues.

Scoop: Meta will still open-source AI models — just not all of them

Scoop: Meta will still open-source AI models — just not all of them

Meta had previously embraced open-source AI with its Llama models, with CEO Mark Zuckerberg writing a manifesto declaring open-source AI as “the path forward.” Axios says that Meta will be pursuing more of a hybrid strategy of proprietary and open-source models going forward.

The New York Times previously reported that Meta was delaying the launch of its new AI model because of performance issues.

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OpenAI’s plan for an AGI world: AI for all and a 4-day workweek

The company’s policy paper calls for a new social contract that includes AI at the center of everything, which could lower costs and create cures for diseases, but also warned it may upend the public safety net.

Jon Keegan4/6/26

The median price for a house in San Francisco is now $2.15 million, jumping 18% from last year. The AI startup boom is pushing what was already one of the most expensive housing markets to dizzying new heights. The median price for condos in the city jumped 27% to reach $1.36 million, according to data from Compass, reported by Bloomberg.

tech

Jon Keegan4/6/26

Report: OpenAI on track to burn $85 billion in 2028, expects profitability by 2030

Anthropic and OpenAI are racing to go public this year, and all eyes are on how long they can sustain burning billions in cash before they achieve something that looks like a viable business.

Investors have seen both companies’ projections, and there’s no sign of slowing down, according to a report from The Wall Street Journal.

OpenAI expects to burn tens of billions per year for the rest of the decade, peaking at $85 billion in 2028, before achieving profitability in 2030, per the report.

Anthropic will also continue to burn cash for years — far less than OpenAI — but it projects that 2026 will be its biggest year of losses. It targets 2029 for profitability, fueled by exploding enterprise revenue.

An Inside Look at OpenAI and Anthropic’s Finances Ahead of Their IPOs

An Inside Look at OpenAI and Anthropic’s Finances Ahead of Their IPOs

OpenAI expects to burn tens of billions per year for the rest of the decade, peaking at $85 billion in 2028, before achieving profitability in 2030, per the report.

Anthropic will also continue to burn cash for years — far less than OpenAI — but it projects that 2026 will be its biggest year of losses. It targets 2029 for profitability, fueled by exploding enterprise revenue.

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