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New York Cracks Down On AI Risks
Meta launches AI world model, Google turns search into a podcast, and traders lose $200M in crypto wipeout.
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The Memo Team
Welcome back to your daily dossier talking AI, robotics, crypto and the future of tech. 👾
In today’s edition we are tackling the following:
🧠 Meta recruits elite researchers for a superintelligence lab led by Scale AI’s CEO.
⚖️ New York’s RAISE Act targets AI disasters with fines up to $30M.
🎧 Google tests AI-generated podcast answers in mobile search queries.
📦 Humanoid robot sorts parcels with 95% barcode scan accuracy in four seconds.
💸 One Binance trader loses $200M as crypto liquidations top $1.15B.

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AI
Inside Mark Zuckerberg’s AI hiring spree
Zuckerberg is personally recruiting elite AI researchers and luring high-profile talent with eight‑figure compensation offers.
The new ‘superintelligence’ lab, led by Scale AI’s CEO Alexandr Wang, comes with major infrastructure investment and office inclusion.
Meta’s aggressive hiring strategy has spurred industry reshuffles at Google and OpenAI and intensifies competition for top AI minds.
New York passes a bill to prevent AI‑fueled disasters
The RAISE Act mandates safety incident reporting and transparency for large frontier AI labs under $100 million compute threshold.
If models cause over 100 deaths or $1 billion in damage, violators face up to $30 million in civil penalties.
Designed to guard against catastrophic AI risks without stifling small startups, the bill now awaits Gov. Hochul’s decision.
Google’s test turns search results into an AI‑generated podcast
Google Labs is adding Audio Overviews to U.S. mobile Search, letting queries spawn short AI‑hosted podcast snippets with playback.
Users tap a ‘Generate Audio Overview’ button under ‘People also ask’; content is narrated by two AI ‘hosts’ in ~40 seconds.
Builds on Gemini and NotebookLM tools, currently English‑only, with links to sources and basic playback controls visible.
ROBOTICS
Watching This Humanoid Robot Sort Packages Is Quite Something
Figure’s humanoid Figure 02 robot uses Helix AI to autonomously identify, grasp, and reorient packages of various shapes and sizes.
It now sorts parcels in just over four seconds each, achieving a 20% speed improvement and 95% barcode scan accuracy.
The robot adapts its grip dynamically, flipping soft bags and flattening envelopes to ensure smooth scanning and handling.
World’s First Embodied Intelligent Robot 4S Store to Open in Beijing E-Town in August
Beijing E-Town will launch the world’s first 4S robot store—offering sales, service, spare parts, and customer feedback zones.
Opening alongside the World Robot Conference, the space includes immersive demos and real-time interaction zones for visitors.
Over 100 robotics companies have joined, including 30 humanoid startups and top-tier firms like UBTECH and Fourier.
Gecko Robotics Raises Series D, Reaches Unicorn Status
Gecko Robotics secured $125 million in Series D funding, pushing its valuation to $1.25 billion and achieving unicorn status.
Its AI-powered robots inspect critical infrastructure by detecting corrosion, cracks, and defects in industrial environments.
The funding will fuel North American expansion and accelerate deployment across energy, defense, and manufacturing sectors.
CRYPTO
Crypto Daybook: Bitcoin Weathers Market Rout as Israel Hits Iran
Over $1.1 billion in crypto liquidations hit markets as geopolitical tension spiked, with bitcoin briefly dipping below $104,000.
Bitcoin recovered to around $105,000 by Friday morning as ETF inflows remained steady at $86 million.
Altcoins also fell sharply, though analysts say long-term demand for crypto assets remains resilient despite volatility.
Single Bitcoin Trader Loses $200M as Crypto Bulls See $1B Liquidations
A single Binance user lost $200 million during a broader $1.15 billion liquidation event that rocked crypto markets.
Over 247,000 traders were wiped out, mostly on long positions, as bullish sentiment unraveled amid market instability.
The event exposed the fragility of highly leveraged crypto positions and the ripple effects of sharp price corrections.
Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback
Bitcoin rebounded to $106,000 after touching $102,600, but remains nearly 6% below its all-time high.
Major altcoins like ether and avalanche dropped 6–8% as the broader CoinDesk 20 index fell 4.4%.
Analysts warn the rebound may be short-lived, citing geopolitical risk and potential for deeper technical corrections.

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ICE Raids, LA Riots, Strong Economic Data, Politicized Fed and Iran War
Tucker Carlson joins All-In to discuss ICE raids, LA riots, and the political framing of America’s growing immigration crisis.
The hosts analyze inflation, GDP, and tariffs while debating the Fed’s independence amid rising economic and cultural tensions.
A final segment previews the escalating Iran conflict—recorded before the latest developments—with plans to revisit it next week.
How I Use AI & Reddit to Find $1M+ Startup Ideas
Greg Isenberg shares 17 hands-on techniques for spotting startup opportunities hidden in tedious workflows and online communities.
Strategies include mining ChatGPT history, Reddit searches, Fiverr gigs, and using IdeaBrowser for daily pre-validated idea prompts.
The video emphasizes automation pain points as prime startup fuel, especially where AI can save time and reduce manual effort.
What You Missed in AI This Week
a16z’s Olivia and Justine Moore recap Veo 3’s generative video power, OpenAI’s advanced voice mode, and Apple’s Siri updates.
They break down 11Labs' V3 voice tools and highlight booming revenue from early-stage AI consumer startups with fresh data.
A live demo shows how AI tools like Krea, ChatGPT, and Ideogram enabled them to launch a brand in hours, not weeks.
AND MORE…
Millions More to Have Robotic Surgery in NHS Plan to Cut Waiting Lists
NHS England plans to expand robotic-assisted surgery from 70,000 to 500,000 procedures annually by the mid-2030s.
The goal is to reduce elective surgery wait times while improving recovery outcomes and hospital efficiency.
Officials say 90% of keyhole surgeries will eventually use robots, easing pressure on overloaded surgical teams.
Tesla to Launch Robotaxi Service in Austin—Tentatively June 22
Elon Musk announced Tesla's driverless robotaxi service will launch in Austin with 10–20 cars starting June 22.
Model Y vehicles using Tesla’s Full Self-Driving system will operate without human drivers or lidar sensors.
Musk noted safety remains the top priority and that delays are possible depending on final tests and approvals.
Meta Launches AI ‘World Model’ to Advance Robotics and Self-Driving Cars
Meta unveiled V-JEPA 2, a powerful AI model trained to predict physical environments for robotics and autonomous navigation.
It processes 3D spatial data to help machines understand motion, object placement, and environmental dynamics.
The move signals Meta’s deeper investment in physical intelligence, expanding beyond text-based AI systems like LLaMA.

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