Techmeme
July 17, 2024, 10:15 AM

Top News

Marina Temkin / TechCrunch:
On their podcast, Marc Andreessen and Ben Horowitz explain why they are backing Trump, say Trump is pro-crypto, Biden's overregulation harms startups, and more  —  Marc Andreessen, the co-founder of one of the most prominent venture capital firms in Silicon Valley, says he's been a Democrat most of his life.
New York Times:
Sources: at a June dinner, David Sacks, Chamath Palihapitiya, and others told Trump to pick JD Vance as VP; Elon Musk and Peter Thiel also advocated for Vance  —  Mr. Vance spent less than five years in Silicon Valley's tech industry, but the connections he made with Peter Thiel and others became crucial to his political ascent.
The Information:
Marc Andreessen and Ben Horowitz say Trump is the right choice for “Little Tech”; sources say they plan to make large donations to PACs supporting his campaign  —  Venture capital bigwigs Marc Andreessen and Ben Horowitz have told staff at Andreessen Horowitz that they plan …
Cat Zakrzewski / Washington Post:
Reuters:
Sources: GitLab, which has an ~$8B market cap, is exploring a sale after attracting interest from its peers, including Datadog, which has a $44B market cap  —  GitLab (GTLB.O), a U.S. provider of cloud-based software development tools whose investors include Google parent Alphabet (GOOGL.O) …
Bloomberg:
Donald Trump says “I'm for TikTok, because you need competition”, and “if you don't have TikTok, you have Facebook and Instagram” and “that's Zuckerberg”  —  It's late June, and Donald Trump is plotting his next presidency in the gilded offseason isolation of the Mar-a-Lago Club.
Laura Waxmann / San Francisco Chronicle:
Elon Musk says he plans to move X's headquarters to Austin, after he protested a new California law that bans schools' transgender notification policies  —  San Francisco real estate market participants confirmed last week that a majority of the Market Street headquarters of X Corp. …
Bloomberg:
Sources: the US is mulling imposing the foreign direct product rule, seen as draconian by allies, on Tokyo Electron and ASML's chip equipment business in China  —  - Restrictions would hit technology from Tokyo Electron and ASML  — US companies like Lam have urged softer approach in meetings
Emilia David / VentureBeat:
Mistral launches two 7B LLMs: Codestral Mamba, for code generation, based on the Mamba architecture, and Mathstral, for math reasoning and scientific discovery  —  The well-funded French AI startup Mistral, known for its powerful open source AI models, launched two new entries in its growing family …
Arjun Kharpal / CNBC:
ASML reports Q2 net sales down 9.5% YoY to €6.2B, vs. €6B est., net income down 18.7% YoY to €1.6B, vs. €1.4B est., expects 2024 total net sales similar to 2023  —  ASML reported second-quarter earnings and sales that beat forecasts, as interest in artificial intelligence chips drives …
Akash Sriram / Reuters:
Andrej Karpathy, an OpenAI co-founder and former head of Tesla's autopilot unit, unveils Eureka Labs, a “new kind of school” aiming to support teachers with AI  —  Computer scientist Andrej Karpathy announced on Tuesday that he was starting an AI-integrated education platform named Eureka Labs …
Katie Roof / Bloomberg:
Human Interest, a 401(k) provider for SMBs that aims to cut down on administration and compliance work, raised $267M in equity and debt at a $1.33B valuation  —  Human Interest helps small companies set up 401(k) services.  —  LEARN MORE  —  Financial technology startup Human Interest Inc …
Samuel Stolton / Bloomberg:
The EU's General Court says TikTok is large enough to fall under the DMA, rejecting ByteDance's challenge; ByteDance can appeal to the European Court of Justice  —  - TikTok attempt to avoid EU's Digital Markets Act is dismissed  — Chinese-owned social media giant also risks ban in the US

Sponsor Posts

Termina:
AI Powered Diligence at Scale  —  VCs and founders deploy Termina AI Scans on >12% of all known series A+ deals to uncover hidden risks and opportunities.  Explore how you too can invest and build better companies with AI.
Zoho:
How to manage AI in employee experience platforms  —  AI is transforming the workplace by simplifying tasks, boosting communication, and creating a more connected environment.  To make the most of this tool …
SBS Comms:
Expect Better: SBS Comms  —  The media landscape is changing fast, so don't be slow — out with the old, in with the new.  SBS helps tech companies like GitHub, Cloudflare, Flexport, Ramp and more modernize comms and secure impactful results.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.

Featured Podcasts

Decoder with Nilay Patel:
Elon Musk's presidency is just getting started
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
Generative Now:
Rajarshi Gupta: Artificial Intelligence and Crypto at Coinbase
A podcast from Lightspeed dedicated to highlighting the stories, strategies and insights behind today's most exciting AI companies.
Subscribe to Generative Now.
BG2 Pod:
DeepSeek, Open Source, Tariffs, DOGE, Market Impact
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner and Bill Gurley.
Subscribe to BG2 Pod.
Techmeme Ride Home:
Shein And Temu In Deep Trouble
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Lenny's Podcast:
Tobi Lütke's leadership playbook: Playing infinite games, operating from first principles, and maximizing human potential (founder and CEO of Shopify)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:15 AM ET, July 17, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

The Verge:
More: 9to5Toys and Tedium
Threads: @jonporterukMastodon: @ernie@writing.exchangeX: @tomwarrenLinkedIn: Julian Fest

Earlier Picks

Kamila Wojciechowska / Android Authority:
Proof: