A look at the fundamental questions facing OpenAI: its models have a very large user base but very narrow engagement, incumbents are matching its tech, and more (Benedict Evans)

Benedict Evans:
A look at the fundamental questions facing OpenAI: its models have a very large user base but very narrow engagement, incumbents are matching its tech, and more  —  “Jakub and Mark set the research direction for the long run.  Then after months of work, something incredible emerges …

An interview with Notion CEO Ivan Zhao on Custom Notion AI agents launching in the coming week, over 50% of Notion databases now being built by agents, and more (Sources)

Sources:
An interview with Notion CEO Ivan Zhao on Custom Notion AI agents launching in the coming week, over 50% of Notion databases now being built by agents, and more  —  CEO Ivan Zhao on the company's big custom agents launch, changing its business model for AI, hiring a 16-year-old engineer, and more.

Pepper, which provides a digital storefront for independent food distributors, raised a $50M Series C led by Lead Edge, bringing its total funding to $100M (Chris Metinko/Axios)

Chris Metinko / Axios:
Pepper, which provides a digital storefront for independent food distributors, raised a $50M Series C led by Lead Edge, bringing its total funding to $100M  —  Pepper, a business platform developer for independent food distributors, raised a $50 million Series C led by Lead Edge Capital, CEO Bowie Cheung tells Axios Pro exclusively.

Scott Myers, the head of Snap's AR glasses subsidiary Specs, leaves after six years; sources say Myers left after a "blow-up" with Evan Spiegel over strategy (Alex Heath/Sources)

Alex Heath / Sources:
Scott Myers, the head of Snap's AR glasses subsidiary Specs, leaves after six years; sources say Myers left after a “blow-up” with Evan Spiegel over strategy  —  My chat with CEO Dylan Field ahead of today's earnings call.  Also: Snap loses its head of Specs right before the big launch …

Sources: SoftBank plans to form a consortium to build a $33B power plant in Ohio, set to produce 9.2 GW for AI data centers, as part of the US-Japan trade deal (Nikkei Asia)

Nikkei Asia:
Sources: SoftBank plans to form a consortium to build a $33B power plant in Ohio, set to produce 9.2 GW for AI data centers, as part of the US-Japan trade deal  —  TOKYO — SoftBank Group will form a consortium to carry out a $33 billion gas-fired power plant project in the U.S. …

General Catalyst plans to invest $5B in India over five years, an increase from the $500M to $1B previously announced, after merging with a local VC in 2024 (Jagmeet Singh/TechCrunch)

Jagmeet Singh / TechCrunch:
General Catalyst plans to invest $5B in India over five years, an increase from the $500M to $1B previously announced, after merging with a local VC in 2024  —  General Catalyst, a Silicon Valley-based venture firm with more than $43 billion in assets under management, has announced it plans …