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  • Foldable iPhone prototype ¨, Palmer Luckey launches bank ¨, continuous AI ¨¨

    From TLDR@VERT to All on Thursday, July 03, 2025 10:44:59
    The iPhone fold is on schedule for a potential launch in the second
    half of next year. The prototype could complete testing by the end of
    2025


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

    TLDR

    TOGETHER WITH [TLDR] [4]

    TLDR 2025-07-03

    DELVE GENERATED $1M IN PIPELINE FROM TLDR NEWSLETTER ADS (SPONSOR)
    [4]

    Delve ran 4 ads across 2 TLDR newsletters and brought in 66 leads,
    with a meaningful chunk from enterprise. The result: $1M in attributed
    pipeline and a 52x ROI.

    This case study breaks down their strategy, results, and example ads.

    Read the Delve case study. [4]

    ¨

    BIG TECH & STARTUPS

    IPHONE FOLD REPORTEDLY ON TRACK FOR POTENTIAL LAUNCH NEXT YEAR, AS
    PROTOTYPES TESTED (2 MINUTE READ) [5]

    The iPhone Fold is on schedule for a potential launch in the second
    half of next year. It reportedly reached a realistic prototyping stage
    sometime last month. If everything stays on track, the prototype could
    complete testing by the end of 2025. It will then move on to other
    testing stages to confirm the design is practical to manufacture
    before moving on to the Engineering Verification Test stage.

    OCULUS FOUNDER PALMER LUCKEY LEADS GROUP OF TECH BILLIONAIRES
    LAUNCHING NEW CRYPTO-BANK Ä AIMS TO FILL THE VOID LEFT BY SILICON
    VALLEY BANK'S 2023 COLLAPSE (3 MINUTE READ) [6]

    Palmer Luckey and a group of tech billionaires have founded a new crypto-focused US bank called Erebor. The bank will focus on providing
    capital for technology startups, AI ventures, defense and
    manufacturing industries, and cryptocurrency endeavors, as well as for individuals looking to invest in these spaces. It has applied for a
    national bank charter and is pushing for a digital-only model. Erebor
    will differentiate itself by doing business with entities and
    customers that are not as well served by traditional financial
    institutions, particularly those with insufficient access to credit.

    ¨

    SCIENCE & FUTURISTIC TECHNOLOGY

    GENE THERAPY RESTORES HEARING IN TODDLERS AND TEENAGERS BORN WITH
    CONGENITAL DEAFNESS - NEW RESEARCH (7 MINUTE READ) [7]

    Researchers have developed a form of gene therapy that can
    successfully restore hearing in toddlers and young adults born with OTOF-related deafness, a condition caused by mutations in the OTOF
    gene. People with this condition have healthy hearing structures in
    their inner ear, but one crucial gene isn't working properly - fixing
    the faulty gene restores hearing. The researchers used a virus as a
    delivery system to carry a working copy of the OTOF gene directly to
    the inner ear's hearing cells, restoring hearing sometimes to
    near-normal levels.

    AI VIRTUAL PERSONALITY YOUTUBERS, OR `VTUBERS,' ARE EARNING
    MILLIONS (10 MINUTE READ) [8]

    Advances in AI are fueling a new wave of virtual creators on YouTube
    like Bloo, a fully virtual personality powered by artificial
    intelligence with a massive following of 2.5 million subscribers and
    more than 700 million views. Bloo has already generated more than
    seven figures in revenue, according to its creator. Everything else on
    Bloo's channel is handled by AI technology from ElevenLabs, OpenAI,
    Google, and Anthropic. The rise in AI-generated content has led to
    growing criticism from users who say it's harder to find meaningful or
    original material.

    ¨

    PROGRAMMING, DESIGN & DATA SCIENCE

    RUBY ON RAILS: THE OPEN-SOURCE BLUEPRINT (7 MINUTE READ) [9]

    Ruby on Rails has embraced open source principles since its debut in
    2004, giving developers freedom, flexibility, and a strong
    community-driven direction. Rails thrived because anyone could
    contribute, companies invested in it while keeping it free, and its
    modular design allowed endless customization. The project proved that
    open source software can compete with and often surpass commercial alternatives. This article looks at why Rails' choice of using the MIT
    License was revolutionary, how Rails inspired a generation of
    frameworks, and why Rails is so good for open source projects.

    CONTINUOUS AI IN SOFTWARE ENGINEERING (5 MINUTE READ) [10]

    Continuous AI is the concept of integrating AI tooling automatically
    into existing development flows. This doesn't include tooling that
    purports to write and test entire changes for developers. Continuous
    AI can add a surprising amount of value. This article discusses some
    ways in which to integrate AI to perform automated checks,
    organizational tasks, and help with other parts of the software
    engineering process.

    ¨

    MISCELLANEOUS

    CEOS START SAYING THE QUIET PART OUT LOUD: AI WILL WIPE OUT JOBS (5
    MINUTE READ) [11]

    Several CEOs have publicly stated their views on how AI will replace
    workers over the coming years. Automation software, AI, and robots are
    being rolled out to make operations as lean as possible. Few roles
    will be unchanged by AI. While it is unclear how much work will be
    reshaped by AI, past technological revolutions have shown that new
    jobs often emerge.

    MICROSOFT TO LAY OFF ABOUT 9,000 WORKERS (2 MINUTE READ) [12]

    Microsoft plans to cut another 9,000 workers, less than 4% of the
    tech giant's global workforce, in its latest round of layoffs. The
    cuts to staff will span levels, geographies, tenure, and teams.
    Companies across many sectors have been reducing their workforces
    while looking to boost productivity. The increasing use of artificial intelligence may eliminate the need for certain roles.

    ¨

    QUICK LINKS

    CRAVING MORE AI IN YOUR INBOX? (SPONSOR) [13]

    TLDR AI is your daily fix of LLMs, GenAI, and deep learning goodness.
    Same TLDR format. Still free.

    Subscribe now. [13]

    TESLA'S GLOBAL VEHICLE DELIVERIES PLUNGED IN SECOND QUARTER (5 MINUTE
    READ) [14]

    Tesla's global vehicle sales fell 13.5% in the second quarter
    compared to a year ago.

    TESLA'S $800 BILLION ROBOTAXI DREAM IS FINALLY FACING REALITY (5
    MINUTE READ) [15]

    Tesla is now offering paid rides in a handful of Model Y robotaxis in
    Austin, Texas - in a limited area with invite-only customers and a
    'safety monitor' in each vehicle.

    MORE ASSORTED NOTES ON LIQUID GLASS (20 MINUTE READ) [16]

    Apple's latest user-interface redesign makes the company look like
    it's just making things up as it goes.

    NYT TO START SEARCHING DELETED CHATGPT LOGS AFTER BEATING OPENAI IN
    COURT (4 MINUTE READ) [17]

    A US district judge has suggested that OpenAI's user agreement
    specifies that its data can be retained as part of legal processes.

    COMING TO POSTGRESQL: ON-DISK DATABASE ENCRYPTION (2 MINUTE READ)
    [18]

    The Transparent Data Encryption (TDE) extension, part of the open
    source Percona Distribution for PostgreSQL, encrypts all database
    files on disk, ensuring sensitive information remains secure even if
    storage is compromised.

    AT LEAST 5 US CEOS ACCUSE INDIAN TECHIE SOHAM PAREKH OF MOONLIGHTING,
    BUT SAY HE'S `REALLY SMART' (3 MINUTE READ) [19]

    Soham Parekh moonlighted at several different companies
    simultaneously - recruiters report that he did great in interviews.

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    If you have any comments or feedback, just respond to this email!

    Thanks for reading,
    Dan Ni [24] & Stephen Flanders [25]

    Manage your subscriptions [26] to our other newsletters on tech,
    startups, and programming. Or if TLDR isn't for you, please
    unsubscribe [27].



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    [5] https://9to5mac.com/2025/07/02/iphone-fold-reportedly-on-track-for-potential-launch-next-year-as-prototypes-tested/?utm_source=tldrnewsletter
    [6] https://www.tomshardware.com/tech-industry/oculus-founder-palmer-luckey-launching-crypto-bank-tech-billionaires?utm_source=tldrnewsletter
    [7] https://theconversation.com/gene-therapy-restores-hearing-in-toddlers-and-teenagers-born-with-congenital-deafness-new-research-258112?utm_source=tldrnewsletter
    [8] https://www.cnbc.com/2025/07/02/ai-virtual-personality-youtubers-or-vtubers-are-earning-millions.html?utm_source=tldrnewsletter
    [9] https://blog.codeminer42.com/ruby-on-rails-the-open-source-blueprint/?utm_source=tldrnewsletter
    [10] https://www.seangoedecke.com/continuous-ai/?utm_source=tldrnewsletter
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    [14] https://links.tldrnewsletter.com/HN0PzS
    [15] https://links.tldrnewsletter.com/WqzAeT
    [16] https://morrick.me/archives/10068?utm_source=tldrnewsletter
    [17] https://arstechnica.com/tech-policy/2025/07/nyt-to-start-searching-deleted-chatgpt-logs-after-beating-openai-in-court/?utm_source=tldrnewsletter
    [18] https://www.theregister.com/2025/07/02/postgresql_ondisk_database_encryption/?utm_source=tldrnewsletter
    [19] https://www.hindustantimes.com/trending/us/at-least-5-us-ceos-accuse-indian-techie-soham-parekh-of-moonlighting-but-say-he-s-really-smart-101751509319991-amp.html?utm_source=tldrnewsletter
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