• Apple lineup leaks ¨, PayPal bank ¨, Cloudflare year in review ¨

    From TLDR@VERT to All on Tue Dec 16 11:23:18 2025
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    Software from an iPhone prototype running an early build of iOS 26
    leaked=
    last week. Some of the features include Vision Pro
    stickers=C2=A0= =E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2= =A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C= =C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80= =8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0= =E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2= =A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0= =E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2= =A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C= =C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80= =8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0= =E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
    =A0


    Sign Up [1] |Advertise [2]|View Online [3]=20

    =09=09TLDR =


    =09=09TOGETHER WITH [Material Security] [4]

    TLDR 2025-12-16
    =

    DOES YOUR EMAIL SECURITY PROTECT YOUR FILES AND ACCOUNTS, TOO?
    (SPONS=
    OR) [4]=20

    Today's attacks aren't targeting the inbox alone: sophistica=
    ted
    attackers bypass perimeter defenses entirely with stolen credentials=

    or abused OAuth tokens. Your emails [5], files [6], and accounts [7]
    c=
    an be accessed without triggering email security systems, EDR
    systems, or=
    most other security tools.

    Material is the only comprehensive detecti=
    on and response platform for
    the cloud workspace, providing robust phishi=
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    behavior, file sharing activity, third party OAuth apps, and m=
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    See modern email security with Material. [4]

    =F0=9F=93=B1 =


    BIG TECH & STARTUPS

    EARLY IOS 26 SOFTWARE LEAK UNCOVERS DOZENS =
    OF UPCOMING APPLE FEATURES
    (5 MINUTE READ) [8]=20

    Software from an iP=
    hone prototype running an early build of iOS 26
    leaked last week. This ar=
    ticle lists the most notable feature flags
    found in the software code. Th=
    e list shows what Apple was working on
    around June. Some of the features =
    include Vision Pro stickers, Live
    Captions, Tilt to Scroll, and a Dynamic=
    Sports Tier Manager.=20

    PAYPAL APPLIES TO ESTABLISH BANK (3 MINUTE REA=
    D) [9]=20

    PayPal has filed with the Utah Department of Financial Instit=
    utions
    and the Federal Deposit Insurance Corp. to establish PayPal Bank. =
    As a
    Utah-chartered industrial lone company, the bank will be able to len=
    d
    money, hold FDIC-insured deposits, and be owned by a non-financial
    in=
    stitution. The proposed bank would help make PayPal's lending to
    small bu=
    sinesses more efficient, as it would reduce reliance on third
    parties. Pa=
    yPal also plans to offer interest-bearing savings accounts
    to customers t=
    hrough the proposed bank.=20

    =F0=9F=9A=80=20

    SCIENCE & FUTURISTIC TEC=
    HNOLOGY

    ECONOMICS OF ORBITAL VS TERRESTRIAL DATA CENTERS (35 MINUTE R=
    EAD)
    [10]=20

    The economics of putting data centers in space are savag=
    e. While it
    is theoretically possible, it's definitely not a sure thing. =
    Only one
    company, SpaceX, is positioned to even try due to its vertical=

    integration - having to buy launches, buses, hardware, deployment, and=

    pay margin at every interface will kill any other attempt. While
    build=
    ing this infrastructure may be a mediocre trade on strict
    near-term unit =
    economics, the second-order effects could be enormous.=20

    TESLA STOCK C=
    LOSES AT 2025 HIGH AFTER MUSK CONFIRMS DRIVERLESS
    ROBOTAXI TESTS UNDERWAY=
    IN AUSTIN (5 MINUTE READ) [11]=20

    Tesla is now testing driverless vehi=
    cles in Austin, Texas. The
    company still hasn't announced when it will be=
    able to operate a
    ride-hailing service without human safety supervisors =
    or drivers on
    board. Texas will require authorization from the DMV for co=
    mmercial
    use of self-driving vehicles starting in May 2026. California's =
    DMV
    and Public Utilities Commissions say that Tesla has yet to apply for=

    the permits needed to conduct driverless testing in the state without
    =
    a human at the wheel, or to operate a commercial robotaxi service.=20

    =
    =F0=9F=92=BB=20

    PROGRAMMING, DESIGN & DATA SCIENCE

    FIRECRAWL - THE=
    WEB DATA API FOR AI (SPONSOR) [12]=20

    Find, fetch, and format clean da=
    ta from any website with simple
    endpoints. Firecrawl [13] handles the inf=
    rastructure like rotating
    proxies, JavaScript rendering, rate limits, and=
    caching so you can
    focus on building.

    Open source with 69k+ GitHub =
    stars. Try it now for free. [13]

    PART 2: DESIGN IS A SEARCH FOR THE O=
    PINIONS (4 MINUTE READ) [14]=20

    The deeper someone gets into a field, t=
    he more specific their tools
    get. Experts don't just use generic items. T=
    his applies to software as
    well. Everything in software is opinionated. T=
    he work is in choosing
    which opinions to embed and where to design someth=
    ing meaningful
    without dissolving into blandness.=20

    CLOUDFLARE RADAR=
    2025 YEAR IN REVIEW (20 MINUTE READ) [15]=20

    The Cloudflare Radar 2025=
    Year in Review looks at Internet patterns
    and trends observed through Cl=
    oudflare's global network. It is
    organized into six sections: Traffic, AI=
    , Adoption & Usage,
    Connectivity, Security, and Email Security. This page=
    presents an
    interactive view of the data.=20

    =F0=9F=8E=81=20

    MISCE=
    LLANEOUS

    NETFLIX CEOS SEEK TO REASSURE STAFF ABOUT WARNER BROS. DEAL =
    (3 MINUTE
    READ) [16]=20

    Netflix doesn't plan to close any studios aft=
    er its bid for Warner
    Bros. streaming and studio businesses. The battle f=
    or Warner Bros. is
    expected to face stiff regulatory scrutiny. Paramount =
    has launched a
    hostile bid and may propose an even higher bid. Netflix is=
    committed
    to releasing Warner Bros. movies in theaters if its bid is suc=
    cessful.


    LIAR'S VALUATION (20 MINUTE READ) [17]=20

    Startups ar=
    e raising money without really understanding what it all
    entails. This po=
    st was written to clear up a lot of the terms so
    people understand what t=
    hey are signing up for. It covers how startup
    equity mechanics get manipu=
    lated, so people considering joining
    startups know exactly what they're g=
    etting into. Time is the only
    asset you can't make more of, so you should=
    know what you are trading
    it for.=20

    =E2=9A=A1=20

    QUICK LINKS
    =

    REACH REAL BUYERS IN TLDR INSTEAD OF FIGHTING FOR ATTENTION ON SOCIAL=

    (SPONSOR) [18]=20

    TLDR puts you in front of 6+ million tech professi=
    onals with almost
    no competition. Learn more [18] about running a test ca=
    mpaign.=20

    WHAT'S NEXT FOR TIKTOK IN THE US AS DEAL PROSPECTS REMAIN UN=
    CERTAIN?
    (3 MINUTE READ) [19]=20

    The Trump administration had previou=
    sly claimed that a TikTok deal
    was done, but neither TikTok, ByteDance, n=
    or China has announced the
    approval of a sale.=20

    THE FUTURE OF PREDI=
    CTION MARKETS LIVES IN GROUP CHATS (12 MINUTE
    READ) [20]=20

    Protocols=
    like XMTP allow builders to deploy mini-apps and agents
    without permissi=
    on, turning group chats into a new type of app store.=20

    CEOS TO KEEP S=
    PENDING ON AI, DESPITE SPOTTY RETURNS (3 MINUTE READ)
    [21]=20

    68% of =
    CEOs plan to increase AI spending in 2026, despite less than
    half of curr=
    ent AI projects generating more returns than they had
    cost.=20

    YES, A=
    GI CAN HAPPEN =E2=80=93 A COMPUTATIONAL PERSPECTIVE (22 MINUTE READ)
    [22]=
    =20

    Today's models are nowhere near the compute or efficiency ceilings =
    of
    the hardware, and there's at least an order of magnitude more
    comput=
    ation available.=20

    IDEAS AREN'T GETTING HARDER TO FIND (23 MINUTE READ=
    ) [23]=20

    Ideas remain as discoverable as ever, it's just that there's =
    a flaw
    in the markets that prevents that creativity from being rewarded=

    economically.=20

    COREWEAVE'S STAGGERING FALL FROM MARKET GRACE HIGHL=
    IGHTS AI BUBBLE
    FEARS (9 MINUTE READ) [24]=20

    CoreWeave has seen $33 =
    billion of value vaporize in six weeks.=20

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    WITH US [27].=20

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    landers [32]=20

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    <div style=3D"display: none; max-height: 0px; overflow: hidden;">Software f= rom an iPhone prototype running an early build of iOS 26 leaked last week. = Some of the features include Vision Pro stickers&nbsp;=E2=80=8C&nbsp;=E2=80= =8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80= =8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80= =8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80= =8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80= =8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;&nbsp;= =E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;= =E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;= =E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;= =E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;= =E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;=E2=80=8C&nbsp;= =E2=80=8C&nbsp;</div>

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    <table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr id=3D"together-with"><td align=3D"cent= er" height=3D"20" style=3D"vertical-align:middle !important;" valign=3D"mid= dle" width=3D"100%"><strong style=3D"vertical-align:middle !important; heig= ht: 100%;">Together With </strong>
    <a href=3D"https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fmaterial.sec= urity%2Fproviders%2Fgoogle-workspace%3Futm_source=3Dthird-party%26utm_mediu= m=3Demail%26utm_campaign=3D20251216-tldr/1/0100019b26e67f43-79a00389-1923-4= 263-a31a-f9c2dd11fcce-000000/VWi93kxrCpfQu9nH_FQbGrtOVopk50KKMX-ELMe6ytk=3D= 435"><img src=3D"https://images.tldr.tech/materialsecurity.png" valign=3D"m= iddle" style=3D"vertical-align: middle !important; height: 100%;" alt=3D"Ma= terial Security"></a></td></tr></tbody></table>

    <table style=3D"table-layout: fixed; width:100%;" width=3D"100%"><tbody><tr= ><td style=3D"padding:0;border-collapse:collapse;border-spacing:0;margin:0;=

    <div style=3D"text-align: center;">

    <h1><strong>TLDR <span id=3D"date">2025-12-16</span></strong></h1>
    </div>
    </td></tr></tbody></table>

    <table style=3D"table-layout: fixed; width:100%;" width=3D"100%"><tbody><tr=
    id=3D"sponsy-copy"><td class=3D"container" style=3D"padding: 15px 15px;">
    <div class=3D"text-block">
    <span>
    <a href=3D"https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Fmaterial.security%2Fproviders%2Fgoogle-workspace%3Futm_= source=3Dthird-party%26utm_medium=3Demail%26utm_campaign=3D20251216-tldr/2/= 0100019b26e67f43-79a00389-1923-4263-a31a-f9c2dd11fcce-000000/ZgzYzR-ECxzEQW= JdhyOuqbAxxjOhLQp9Nx51vYsiHWs=3D435">
    <span>
    <strong>Does your email security pr= otect your files and accounts, too? (Sponsor)</strong>
    </span>



    <span style=3D"font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, V= erdana, sans-serif;">
    Today's attacks aren't targeting the in= box alone: sophisticated attackers bypass perimeter defenses entirely with = stolen credentials or abused OAuth tokens. Your <a href=3D"https://tracking= .tldrnewsletter.com/CL0/https:%2F%2Fmaterial.security%2Fproduct%2Femail%3Fu= tm_source=3Dthird-party%26utm_medium=3Demail%26utm_campaign=3D20251216-tldr= /1/0100019b26e67f43-79a00389-1923-4263-a31a-f9c2dd11fcce-000000/i6Pd9mh0wEQ= crb2TPexmZQ1hzs44oL1zU6mTs27bWRI=3D435" rel=3D"noopener noreferrer nofollow=
    " target=3D"_blank"><span>emails</span></a>, <a href=3D"https://tracking.tl= drnewsletter.com/CL0/https:%2F%2Fmaterial.security%2Fproduct%2Ffiles%3Futm_= source=3Dthird-party%26utm_medium=3Demail%26utm_campaign=3D20251216-tldr/1/= 0100019b26e67f43-79a00389-1923-4263-a31a-f9c2dd11fcce-000000/w_FJ2DvxKq4JB8= pyPENLLkpIM-THXm43HQEu3R1DZ3c=3D435" rel=3D"noopener noreferrer nofollow" t= arget=3D"_blank"><span>files</span></a>, and <a href=3D"https://tracking.tl= drnewsletter.com/CL0/https:%2F%2Fmaterial.security%2Fproduct%2Faccounts%3Fu= tm_source=3Dthird-party%26utm_medium=3Demail%26utm_campaign=3D20251216-tldr= /1/0100019b26e67f43-79a00389-1923-4263-a31a-f9c2dd11fcce-000000/fGMcgsLEmGw= 9qTsVWE3Mh67xa8Ec1XA3DTkyPvVmkUo=3D435" rel=3D"noopener noreferrer nofollow=
    " target=3D"_blank"><span>accounts</span></a> can be accessed without trigg= ering email security systems, EDR systems, or most other security tools.

    <p></p>

    <p>Material is the only comprehensive detection and response platform for t=
    he cloud workspace, providing robust phishing and inbound threat protection=
    with unmatched visibility and control over account behavior, file sharing = activity, third party OAuth apps, and more.</p>

    <p><a href=3D"https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fmaterial.= security%2Fproviders%2Fgoogle-workspace%3Futm_source=3Dthird-party%26utm_me= dium=3Demail%26utm_campaign=3D20251216-tldr/3/0100019b26e67f43-79a00389-192= 3-4263-a31a-f9c2dd11fcce-000000/5wFEA1zAgDc2GpLzk3VJbWrG1XvMMo_SR-_3amSiKeg= =3D435" rel=3D"noopener noreferrer nofollow" target=3D"_blank"><span>See mo= dern email security with Material.</span></a>



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    <h1><strong>Big Tech &amp; Startups</strong></h1>
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    ;" valign=3D"top">

    <table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=

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    </span>



    <span style=3D"font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, V= erdana, sans-serif;">
    Software from an iPhone prototype runni=
    ng an early build of iOS 26 leaked last week. This article lists the most n= otable feature flags found in the software code. The list shows what Apple = was working on around June. Some of the features include Vision Pro sticker=
    s, Live Captions, Tilt to Scroll, and a Dynamic Sports Tier Manager.
    </span>
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    <span style=3D"font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, V= erdana, sans-serif;">
    PayPal has filed with the Utah Departme=
    nt of Financial Institutions and the Federal Deposit Insurance Corp. to est= ablish PayPal Bank. As a Utah-chartered industrial lone company, the bank w= ill be able to lend money, hold FDIC-insured deposits, and be owned by a no= n-financial institution. The proposed bank would help make PayPal's lending=
    to small businesses more efficient, as it would reduce reliance on third p= arties. PayPal also plans to offer interest-bearing savings accounts to cus= tomers through the proposed bank.
    </span>
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    <h1><strong>Science &amp; Futuristic Technology</strong></h1>
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    <table style=3D"table-layout: fixed; width: 100%;" width=3D"100%"><tbody><t= r><td style=3D"padding:0;border-collapse:collapse;border-spacing:0;margin:0=
    ;" valign=3D"top">

    <table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=

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    <span>
    <a href=3D"https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Fandrewmccalip.com%2Fspace-datacenters%3Futm_source=3Dtl= drnewsletter/1/0100019b26e67f43-79a00389-1923-4263-a31a-f9c2dd11fcce-000000= /0fn-1twNgYrPi-ieZOtkLGeT5JP1aqL6I7KTyKT-M-Q=3D435">
    <span>
    <strong>Economics of Orbital vs Ter= restrial Data Centers (35 minute read)</strong>
    </span>



    <span style=3D"font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, V= erdana, sans-serif;">
    The economics of putting data centers i=
    n space are savage. While it is theoretically possible, it's definitely not=
    a sure thing. Only one company, SpaceX, is positioned to even try due to i=
    ts vertical integration - having to buy launches, buses, hardware, deployme= nt, and pay margin at every interface will kill any other attempt. While bu= ilding this infrastructure may be a mediocre trade on strict near-term unit=
    economics, the second-order effects could be enormous.
    </span>
    </span>
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    <table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=

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    <a href=3D"https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Fwww.cnbc.com%2F2025%2F12%2F15%2Ftesla-tests-driverless-= cars-in-austin-without-humans-on-board.html%3Futm_source=3Dtldrnewsletter/1= /0100019b26e67f43-79a00389-1923-4263-a31a-f9c2dd11fcce-000000/I_X_mOsK5KAKw= T4UVTxsjd3KDc7XziqOG_so5-YOIQY=3D435">
    <span>
    <strong>Tesla stock closes at 2025 = high after Musk confirms driverless Robotaxi tests underway in Austin (5 mi= nute read)</strong>
    </span>



    <span style=3D"font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, V= erdana, sans-serif;">
    Tesla is now testing driverless vehicle=
    s in Austin, Texas. The company still hasn't announced when it will be able=
    to operate a ride-hailing service without human safety supervisors or driv= ers on board. Texas will require authorization from the DMV for commercial = use of self-driving vehicles starting in May 2026. California's DMV and Pub= lic Utilities Commissions say that Tesla has yet to apply for the permits n= eeded to conduct driverless testing in the state without a human at the whe= el, or to operate a commercial robotaxi service.
    </span>
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    </td></tr></tbody></table>


    <table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td class=3D"container" style=3D"paddi= ng-top: 0px; padding-bottom: 0px;">
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    <h1><strong>Programming, Design &amp; Data Science</strong></h1>
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    <table style=3D"table-layout: fixed; width: 100%;" width=3D"100%"><tbody><t= r><td style=3D"padding:0;border-collapse:collapse;border-spacing:0;margin:0=
    ;" valign=3D"top">

    <table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=

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    <span>
    <a href=3D"https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Fwww.firecrawl.dev%2Fpricing%3Fvia=3Dadops%26dub_id=3DB6= CoJvwyC7cP694k%26utm_source=3Dtldrnewsletter/1/0100019b26e67f43-79a00389-19= 23-4263-a31a-f9c2dd11fcce-000000/jf7rOK_RIutRqaFjmE8Hg1YnghueTcLO57SAe0KutO= g=3D435">
    <span>
    <strong>Firecrawl - The web data AP=
    I for AI (Sponsor)</strong>
    </span>



    <span style=3D"font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, V= erdana, sans-serif;">
    Find, fetch, and format clean data from=
    any website with simple endpoints. <a href=3D"https://tracking.tldrnewslet= ter.com/CL0/https:%2F%2Fwww.firecrawl.dev%2Fpricing%3Fvia=3Dadops%26dub_id= =3DB6CoJvwyC7cP694k/1/0100019b26e67f43-79a00389-1923-4263-a31a-f9c2dd11fcce= -000000/Gj45zkxs7gQGz16pHpqbrh3DfnZQIXiHnNTLHQvTda4=3D435" rel=3D"noopener = noreferrer nofollow" target=3D"_blank"><span>Firecrawl</span></a> handles t=
    he infrastructure like rotating proxies, JavaScript rendering, rate limits,=
    and caching so you can focus on building.

    <p></p>

    <p>Open source with 69k+ GitHub stars. <a href=3D"https://tracking.tldrnews= letter.com/CL0/https:%2F%2Fwww.firecrawl.dev%2Fpricing%3Fvia=3Dadops%26dub_= id=3DB6CoJvwyC7cP694k/2/0100019b26e67f43-79a00389-1923-4263-a31a-f9c2dd11fc= ce-000000/-iqQPWGnxSJ1W9-euteU_LAshZPQ4Vz0mb4vwEJ4YCM=3D435" rel=3D"noopene=
    r noreferrer nofollow" target=3D"_blank"><span>Try it now for free.</span><=




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    <table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=

    <div class=3D"text-block">
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    <a href=3D"https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2FTC5q6o/1/0100019b26e67f43-79= a00389-1923-4263-a31a-f9c2dd11fcce-000000/eaPBhaEm7HEL09ARKwUlcB-U8rAdBuj2w= HDUv0bOL40=3D435">
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    </td></tr></tbody></table>



    <table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td class=3D"container" style=3D"paddi= ng-top: 0px; padding-bottom: 0px;">
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    <table bgcolor=3D"" style=3D"table-layout: fixed; width: 100%;" width=3D"10= 0%"><tbody><tr><td style=3D"padding:0;border-collapse:collapse;border-spaci= ng:0;margin:0;" valign=3D"top">

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    <table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=

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    <span style=3D"font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, V= erdana, sans-serif;">
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    s how startup equity mechanics get manipulated, so people considering joini=
    ng startups know exactly what they're getting into. Time is the only asset = you can't make more of, so you should know what you are trading it for.
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    </td></tr></tbody></table>


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    <span style=3D"font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, V= erdana, sans-serif;">
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    ew type of app store.
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    <table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=

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    <span style=3D"font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, V= erdana, sans-serif;">
    68% of CEOs plan to increase AI spendin=
    g in 2026, despite less than half of current AI projects generating more re= turns than they had cost.
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    <span style=3D"font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, V= erdana, sans-serif;">
    Today's models are nowhere near the com= pute or efficiency ceilings of the hardware, and there's at least an order =
    of magnitude more computation available.
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