| The tech world is itching to learn more about the top-secret device Jony Ive is cooking up with Sam Altman. Although OpenAI has been pretty tight-lipped about the project ever since they dropped this teaser trailer, Parmy Olson says there's a few things we know for certain: - It won't have a screen
- It won't be wearable
- It can fit in a pocket
- It can sit on a table
- It will be aware of surroundings
- It will compliment a smartphone
Based on all that, what do you think it'll be? I was picturing one of those pet rocks from the '70s, but Parmy's money is on something a little more practical: A pen. It "checks all those boxes," she writes. "Its familiarity to everyone eliminates a major barrier to adoption, and it wouldn't look out of place on a desk." There's also a direct connection to Ive, since he has "a personal collection that includes a vintage Montegrappa fountain pen and a Hermes pen designed by Marc Newson," Parmy explains. "He was deeply involved in the design of the Apple Pencil and an early commercial success in his career was designing the sporty-looking TX2 pen." What would an ChatGPTX2 look like? Parmy envisions a futuristic-looking stylus with a projector at the top that casts images onto hard services. "Its clip could contain a microphone and perhaps even a camera, to not only scan text for analysis but also a person's wider environment," she predicts. A pet rock could never! Bonus Inspector Gadget Reading: The US can't allow China to take over the humanoid robot industry as it did with drones. — Thomas Black There are many ways to show how bad climate change is getting, but this sentence from Mark Gongloff might be the most mind-boggling: "Climate change is already twice as painful economically as the Great Depression," he writes. A new analysis from Bloomberg Intelligence estimates that climate disasters have cost the US at least $6.6 trillion over the past 12 years, and that's likely an undercount: Thousands of lives are lost each year to extreme heat and wildfire smoke. "There's still time to limit this damage, but not much," he warns.  Meanwhile in the UK, Paddington Bear has ditched his rainy day uniform for a portable fan he bought on TikTok. Lara Williams says Britain just endured its warmest, sunniest spring on record. "With just over 653 hours of sunshine — 43% above average — spring 2025 has outshone even most summers," she writes. That's great for solar power and strawberries, but it's also been its driest spring since 1974. "The combination of strong sun and low rainfall has been devastating to some crops, leaving farmers suffering from hydrological whiplash," she writes. You Have Questions, We Have Answers | If you had to choose one word to describe the first half of 2025, what would it be? For me, it's "messy." Between Trump's tariffs, escalating military conflicts in the Middle East and the continuing war in Ukraine, it's hard to keep up. And yet Wall Street has remained ... largely unscathed? Join Jonathan Levin, Marcus Ashworth and Robert Burgess for an audio Q&A on Tuesday, July 1 at 11 a.m. EDT as they discuss how markets managed to defy the naysayers. Europe's defense pledges made headlines — but deadlines are more important. — Bloomberg's editorial board The most useless yet costly part of the budget bill? The pass-through deduction tax. — Justin Fox The Supreme Court's porn ruling carries on the conservative revolution. — Noah Feldman Shell may still need a merger after ruling out a BP purchase. — Javier Blas Trump's tariff bullying is working a little too well in Europe. — Lionel Laurent Tennis has a prop bet problem, and players are paying the price. — Adam Minter The Federal Reserve's "independence" is hanging on by a thread. — Clive Crook Space X mirror tokens sound like a comically bad idea, and yet investors are hungry for exposure — Aaron Brown The Iranian regime's priority is survival, and to do that it will have to adapt. — Marc Champion The WNBA is expanding to18 teams. A tragic shooting near the Stonewall Inn. Did Harvard violate students' civil rights? Beyoncé survived a scary car malfunction. Halloween is almost here. Dead members of Congress stay alive online. "Vow of silence summer" is in full swing. Is it OK to read Infinite Jest in public? A near-death experience on a Disney cruise ship. | 
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