ROUNDUP: A $5,000 Bribe, a Folding iPhone, and AI Solving Math We Couldn't

If the GOP wins the midterms, Donald Trump proposes a $5,000 adult stimulus totaling $1.35 trillion, arriving as the US adds 162,000 jobs in August with 4.1% unemployment. Trump told a Republican convention in Dallas that every American adult would get a $5,000 "dividend" if Republicans hold both chambers of Congress in November. Nobody's calling it what it is out loud, but the condition attached makes it hard to read as anything other than a bribe. Apple held its first product event under new CEO John Ternus and unveiled the iPhone Duo, its first foldable, starting around $2,000, alongside the iPhone 18 Pro. AI had a genuinely strange week in mathematics: Claude produced the first complete computer-checked formalization of Fermat's Last Theorem after running largely on its own for 11 days, and OpenAI claimed an internal system proposed a solution to the Navier-Stokes problem that has sat open for 90 years, though it also kicked off a research-ethics dispute. And Iran's Revolutionary Guard captured a US Anduril underwater drone at the mouth of the Strait of Hormuz. Plus a stronger-than-expected jobs report ahead of the Fed's September meeting, Europe's first private rocket reaching orbit, Meta's new agent that shops on your behalf, an Anthropic researcher quitting and accusing AI labs of gambling with our lives, and the biggest funding rounds of the week including Mistral at $3.5 billion and The Boring Company at $3 billion. Hosted by Carmelo Giuliano and Sasha Asheghi. Subscribe for weekly coverage of markets, deep tech, AI, blockchain, and venture. Timestamps: 00:00 – Intro 01:32 – Trump Pledges $5,000 per Adult for Midterm Victory 06:07 – Booming U.S. Jobs Market Slows Inflation Progress 08:54 – Europe's First Private Rocket Reaches Orbit 12:09 – Apple Unveils First Foldable iPhone at John Ternus's CEO Debut 16:17 – A Startup Plans Semiconductor Factories on SpaceX Rockets 19:39 – Iran Captures Anduril Drone Submarine 23:00 – US Seeks to Prove Huawei Criminal Enterprise 27:48 – Meta's Muse Wants Access to Your Entire Life 32:14 – A Historic Week for AI and Math 37:08 – AI Labs are "Gambling With Our Lives" 43:03 – AI Labs Call for Government Speed Limits 47:36 – Visa, Mastercard, and Ant Are Building “KYC for AI Agents” 51:00 – Visa Brings On-chain Lending into Everyday Payments 54:12 – Public Companies Fight Back as Robinhood Tokenizes 2,000+ Stocks 58:39 – Biggest Fundraises of the Week 01:02:16 – Outro -------------------------------------------------------------------------------------------------------------------------------------------------------------- 📍Useful Links for Arcanum Ventures: 👉 Arcanum Venture Website: https://www.arcanum.ventures/ 👉 Arcanum Media Center: https://www.arcanum.ventures/media-center/ 👉 Arcanum Linktree: https://linktr.ee/arcanumventures 👉 Arcanum Ventures X: x.com/ArcanumVentures 👉 Arcanum Ventures LinkedIn: https://www.linkedin.com/company/arcanum-ventures/ 👉 Arcanum Telegram Community: https://t.me/Arcanumventures 👉 Arcanum Telegram Announcements: https://t.me/ArcanumVenturesOfficial 👉 Arcanum Instagram: https://t.me/Arcanumventures 👉 Arcanum TikTok: https://www.arcanum.ventures/ 👉 Arcanum Reddit: https://www.reddit.com/r/ArcanumVentures/ 👉 Work With Us: https://www.arcanum.ventures/workwithusform/ 👉 Arcanum Spotify: https://open.spotify.com/show/40tReh4cuLioFiBI3VJo7N?si=2ac7e96b6d004509 -------------------------------------------------------------------------------------------------------------------------------------------------------------- 📍Disclaimer: Arcanum Ventures is not currently invested in or advising with any of the mentioned companies. The context of this content is merely meant to provide discussion and insight to viewers interested in the #startups, tech, AI, and web3 industries. This video was created to serve as an educational aid, and nothing in the video constitutes any financial advice. Do your own research and #invest wisely!