OpenAI Considering Its Own Social Network To Compete With Elon Musk’s X

OpenAI is considering building a social network to compete with Elon Musk’s X and Meta’s Instagram. The project is still in its early stages and it’s based on the popularity of OpenAI’s newest image-generation feature, which has led to an overloading of the company’s servers.

In March, OpenAI debuted its GPT-4o image generator, the inspiration for the potential social media project, as a way to produce everything from diagrams, infographics and logos to business cards and stock photos. The feature can also use an image as a starting point for art, such as a custom painting of a pet or editing a professional headshot, causing it to go viral.

OpenAI faces hefty competition in the fast-growing generative AI market, including from Musk’s xAI. A federal district court last month blocked Musk’s attempt to stop OpenAI’s transition to a for-profit company. In February, a Musk-led group offered to buy control of OpenAI for $97.4 billion, a bid that was swiftly rejected.

Last month, OpenAI closed what amounts to the largest private tech funding round on record, raising $40 billion at a $300 billion valuation.

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Chris Campbell:

Meet The (New) Fuggers

There's a new merchant class that isn't a single entity—it’s a swarm of programmable capital. It includes stablecoin issuers like Tether and fintech platforms like Robinhood.

It also includes platforms like Ondo, Matrixdock, and Bakt that take boring old U.S. Treasuries—the same bonds the government’s been issuing for decades—and wrap them into digital tokens that live on a blockchain.

Think of it like this: They’re turning Treasuries into programmable Lego blocks for finance.

Instead of buying a bond through a broker and waiting for settlement, now you can hold a token that represents the bond, (may) earn yield, and moves instantly—just like crypto.

This class didn’t even exist five years ago, yet they’ve already bought over $200 billion in U.S. debt—moving faster, cheaper, and more freely than any central bank ever could. And the craziest part is that this new class of Fuggers is about to explode in size and influence.

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James Altucher:

Why You Should Write Your Autobiography (Part 1): Unveiling Your Unique Story

In this part one of a two-part episode of The James Altucher Show, I walk you through the frameworks I’ve used in books like Choose Yourself and The Power of No, and show you how other authors—AJ Jacobs, Annie Duke, Susan Cain—infused autobiography into books that went on to change people’s lives.

I also break down the different types of autobiographical books—from traditional memoirs and mini-memoirs, to autobiographical fiction and nonfiction hybrids—and I explain how bestselling books like Atomic Habits, The Puzzler, and Man’s Search for Meaning are all, at heart, autobiographies.

This episode is part motivation, part masterclass in storytelling, and part therapy. If you’ve been sitting on a life story, this is the sign you’ve been waiting for. Oh, and yes, I’ll even give you writing prompts and reflection questions to help you actually start.

I also created a book-writing course: How to write and publish a book in 30 days. If this episode gets you thinking, share it with someone who has a story to tell.

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