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July 17, 2024, 1:55 PM
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| 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.| 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.
More: The Guardian, Newcomer, Cryptopolitan, Associated Press, New York Magazine, Music Ally, The Information, Crypto Briefing, DL News, Axios, and Bloomberg
Threads: @parkert, @coloradotravis, @elizspiers, @gwestr, and @crumbler. Mastodon: @KarlBode@masto.ai
X: @mcuban, @brendan_duke, @boltyboy, @mattyglesias, @bigmeaninternet, @davidsacks, @mwseibel, @kimmaicutler, @maddierenbarger, @ericnewcomer, @pmarca, @danprimack, @kelseytuoc, @kelseytuoc, @kelseytuoc, @kelseytuoc, @tsarnick, @danprimack, @alexiskold, @dpinsen, @prestonjbyrne, @carnage4life, @kateclarktweets, @aphysicist, @ericjackson, @ktmboyle, @pmarca, @spiritofpines, @jessesingal, @danprimack, @shonaghosh, @mattzeitlin, @pmarca, @elonmusk, @billhughesdc, @garymarcus, @carnage4life, @a16z, @johnkonrad, @bennjordan, and @jessicalessin. Forums: r/technology
| 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 …
More: a16z on YouTube, CoinDesk, Stratechery, Financial Times, Benzinga, Watcher Guru, Axios, Coinspeaker, Axios, Bloomberg, Platformer, Inc.com, Forbes, Fox Business, Seeking Alpha, New York Post, Gizmodo, Business Insider, The Atlantic, CNBC, Axios, Cointelegraph, The Verge, Le Monde.fr, The Information, Wall Street Journal, Washington Post, and New York Times
Threads: @anildash, @esqueer_, @yannlecun, @benedictevans, @technicallymims, @gk_ventures, @technicallymims, @benedictevans, @benedictevans, @moskov, and @carnage4life
| 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.
More: Bloomberg, Gizmodo, Reuters, CoinDesk, Cointelegraph, HuffPost, Proactive, Business Insider, Mobile World Live, The Independent, The Block, The Defense Post, Axios, and The Information
Threads: @technicallymims. X: @ericlevitz, @thorstenbenner, @jimgeraghty, @jamescrabtree, @kyleichan, @davidjoachim, @thestalwart, @fbermingham, @hiattb, @shashj, @tomgara, @drewpavlou, @mrjeffu, @josephzeballos, @jakesherman, @sarahfrier, @prem_thakker, @thestalwart, @john_hudson, @alexwickham, @bgrueskin, @mackhawk, @_danilo, @drewpavlou, @bradstone, @joumannatv, @mackhawk, @jason_kint, and @katie_roof
Forums: r/Sino, r/neoliberal, and r/politics
| Financial Times: |
Source: Fei-Fei Li's World Labs, founded in April 2024 and aiming to create “spatial intelligence” in AI, raised ~$100M in its latest round at a $1B+ valuation — Stanford computer scientist's ‘spatial intelligence’ venture wins backing from investors including Andreessen Horowitz
More: The Verge, Silicon Valley Business …, and Disruption Banking
| 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
More: Nikkei Asia, Financial Times, CNBC, Yahoo Finance, Silicon Valley Business …, Tom's Hardware, Barron's Online, The Register, Wccftech, South China Morning Post, TNW, Quartz, Forbes, Proactiveinvestors UK, Benzinga, CryptoGlobe, Invezz, Bloomberg, Reuters, and DigiTimes
X: @6d6f636869, @technology, @mackhawk, and @thorstenbenner
Forums: r/europe and r/wallstreetbets
| 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
More: The Independent, Silicon Republic, Digital Music News, The Mirror, Engadget, Benzinga, 9to5Mac, UPI, Associated Press, Deutsche Welle, BERNAMA, Yen.com.gh, BusinessLIVE, Euractiv, Reuters, RTÉ, Semafor, NewsBytes, Invezz, and Anadolu Ajansı …
X: @beuc, @samuelstolton, @eucourtpress, and @lewis_crofts
| Arjun Kharpal / CNBC: |
ASML reports Q2 net sales down 9.5% YoY to €6.24B, vs. €6.03B est., net income down 18.7% YoY to €1.6B, vs. €1.4B est., and keeps its FY 2024 outlook unchanged — ASML reported second-quarter earnings and sales that beat forecasts, as interest in artificial intelligence chips drives … | Tom Warren / The Verge: |
Microsoft launches its AI-powered Designer app out of preview on iOS and Android, letting users create images, stickers, and more, expanding on the web client — Microsoft's AI-powered Designer app is coming out of preview today for both iOS and Android users.| Allison Johnson / The Verge: |
Hands-on with the Samsung Galaxy Z Fold6's “sketch to image” generative AI tool that turns rough sketches into images: ridiculous, fun, and slightly worrying — The pirate ship in Elliott Bay was one thing, but it was a little blurry bee that sent me over the edge.
X: @fdaudens
| Caroline Mimbs Nyce / The Atlantic: |
Meta launches a small pilot program to let some researchers access Instagram data for up to about six months to study the app's effect on teens and young adults — The teens are on Instagram. That much is obvious. A majority of teens say they use the app, including 8 percent who say they use it … | Foo Yun Chee / Reuters: |
Doc: EU regulators are asking industry participants if Google's deal to have Gemini Nano pre-installed on Samsung phones hinders rival chatbots on the devices — EU antitrust regulators are asking industry participants if Google's (GOOGL.O) multi-year generative artificial intelligence …
More: PYMNTS.com
| Sharon Goldman / Fortune: |
In an interview, Google DeepMind and Google Research Chief Scientist Jeff Dean says AI is not to blame for the brunt of data center emissions increase — Google sent a jolt of unease into the climate change debate this month when it disclosed that emissions from its data centers rose 13% in 2023 … | Emilia David / VentureBeat: |
Google unveils Project Oscar, an open-source platform to help product teams monitor software issues or bugs using AI agents, at its I/O Connect Bengaluru event — Google has announced Project Oscar, a way for open-source development teams to use and build agents to manage software programs.
More: Google Developers Blog, TechCircle, The Indian Express, SiliconANGLE, and Thurrott
| Bloomberg: |
Yemen says a ship has repaired the AAE-1 subsea cable, linking Asia and Europe, in the Red Sea, and remains in the water to repair the Seacom and EIG cables — - Vessel owned by UAE-based telco making repairs amid conflict — Fixes to internet cables delayed by geopolitical friction| Emilia David / VentureBeat: |
Mistral debuts two LLMs: Codestral Mamba 7B, for code generation, based on the Mamba architecture, and Mathstral 7B, 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 …
More: Mistral AI, Hugging Face, Mistral AI, Ben's Bites, MarkTechPost, InfoWorld, Gen AI, and AIM
X: @mistralai, @_philschmid, @arthurmensch, @francoisfleuret, @bycloudai, @reach_vb, @dchaplot, @guillaumelample, and @samlakig. LinkedIn: Marjorie Janiewicz. Forums: r/LocalLLaMA
| Sarah Wynn / The Block: |
Court filing: FTX and the CFTC agree to a $12.7B settlement after months of negotiations, pending a judge's approval; FTX will return up to $12.7B to creditors — - The two have been negotiating over the past few months, according to a court document filed on July 12 in the U.S. Bankruptcy Court for the District of Delaware.
More: Decrypt, Crowdfund Insider, Milk Road, Cointelegraph, CryptoPotato, Silicon Republic, CCN.com, and CryptoSlate
| Ron Miller / TechCrunch: |
Apple device management platform Kandji raised $50M equity and $50M debt from General Catalyst, after raising $100M in 2021, taking its total funding to $288M+ — At a time when many startups have struggled to raise money and keep their heads above water, Kandji, an Apple device management platform, has been an exception.
More: 9to5Mac, Perspectives, Apple Must, SiliconANGLE, The Crypto Basic, and FinSMEs
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