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Tech Brew Ride Home

PayPal On The Block?

Tech Brew Ride Home

Amalgamated Internets, LLC

Technology, Tech News, News

4.71K Ratings

🗓️ 15 July 2026

⏱️ 19 minutes

🧾️ Download transcript

Summary

New York became the first state to pause new data center permits, worrying the AI industry. Stripe and Advent offered $53B+ for PayPal, OpenAI's first device leaked as a screen-free speaker, and PrismML shrank a model to run on iPhones. AI advocates fear New York's moratorium on new data centers could embolden Democrats to enact more state restrictions and seize on the issue in the midterms (Politico) Sources: Stripe and PE firm Advent have jointly offered $60.50/share to acquire PayPal, a 28% premium to Tuesday's close, valuing it at $53B+; PYPL jumps 15%+ (Reuters) Sources: OpenAI's first device will be a moveable, screen-free smart speaker with a camera and sensors, meant to serve as an AI companion that taps into ChatGPT (Bloomberg) OpenAI says Apple's claim that OpenAI never responded to its concerns is false; emails: an Apple lawyer mixed up two OpenAI staffers in Apple's initial outreach (NBC News) OpenAI says Apple's claim that OpenAI never responded to its concerns is false; emails: an Apple lawyer mixed up two OpenAI staffers in Apple's initial outreach (9to5Mac) PrismML launches Bonsai 27B, a model based on Qwen3.6 27B that it says runs natively on Apple devices via MLX; its CEO says Apple is evaluating the tech (CNBC) Subscribe to the ad-free feed. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Brew Ride Home for Wednesday, July 15th, 2026. I'm Brian McCullough today. New York has become the first date to pause new data center permits worrying the AI industry.

0:14.4

Stripe and Advent offered more than $53 billion for PayPal. OpenAI's first device leaked as a screen-free speaker,

0:22.9

and PrismML shrank a model to run on iPhones.

0:26.4

Again, here's what you miss today in the world of tech.

0:33.7

To all the IT pros out there, today's sponsor has a special gift for you. That gift is

0:39.1

Ace of Uptime, an online card-based game where you can go up against the problems that threaten

0:44.4

uptime on a daily basis. Each level pits you against a recognizable adversary. We're talking about

0:50.3

alert overloads, heat that's trapped in a cramped server room and systems that look

0:55.1

fine but are far from it. Choose your move and see whether your decisions resolve the issue or

1:00.0

escalate it. The game is fast, fun, and designed to let you test how you'd respond when uptime

1:05.3

is on the line. Think you can beat the villains of downtime? Head over to eatton.com slash ace to find out that's

1:12.4

eaton.com slash ace. New York Governor Kathy Hochel has signed a moratorium blocking new

1:21.3

environmental permits for data centers over 50 megawatts for up to one year, making New York the first state to do so,

1:30.0

and AI advocates fear this moratorium could emboldened Democrats, especially across the country,

1:35.9

to seize on a hot-button populist issue to enact more such state restrictions in the midterms.

1:43.1

Quoting Politico, the executive order that Democratic Governor Kathy Hocchel signed Tuesday

1:47.8

marks the first state-level pause on data center construction following dozens of municipalities

1:52.0

in red and blue states that have passed similar moratoriums.

1:56.5

But industry supporters and detractors alike say it's unlikely to be the last amid poll numbers showing growing public skepticism toward AI.

2:04.9

The moratorium also serves as a bridge of sorts between moderate Democrats such as Hocel and progressives like Senator Bernie Sanders of Vermont,

2:12.1

who have clamored for more restrictions on data centers and artificial intelligence.

2:16.3

The party as a whole remains torn on

...

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