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Techmeme
July 18, 2024, 6:00 AM

Top News

Chance Miller / 9to5Mac:
Apple says its OpenELM model doesn't power any AI features, including Apple Intelligence, after a report said Apple used YouTube subtitles to train the model  —  Earlier this week, an investigation detailed that Apple and other tech giants had used YouTube subtitles to train their AI models.
Arjun Kharpal / CNBC:
Global chip stocks fell sharply after reports of tighter export restrictions from the US and comments from Trump, who said Taiwan should pay the US for defense  —  WATCH NOW  —  Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions …
CNBC:
Nasdaq fell 2.77% in its worst session since December 2022, with ASML shares down 12.74%, Nvidia down 6.62%, and Meta down 5.68%; TSMC shares on NYSE fell 7.98%  —  The S&P 500 and Nasdaq Composite retreated on Wednesday as the rotation out of high-flying technology shares and into more rate-sensitive names continued.
Cagan Koc / Bloomberg:
China has been ASML's biggest market for four quarters in a row, with sales rising 21% YoY to €2.3B in Q2 2024, accounting for 49% of the company's sales  —  - China has been ASML's biggest market for last four quarters  — US is mulling new measures to block China access to chip tech
Ina Fried / Axios:
Meta plans to withhold future multimodal AI models in the EU due to what the company says is a lack of clarity from regulators; text-only models will be offered  —  - Apple similarly said last month that it won't release its Apple Intelligence features in Europe because of regulatory concerns.
Vitalik Buterin:
People in crypto should not choose political allegiances based on who claims to be “pro-crypto”, as such politicians might go against crypto's underlying goals  —  Over the last couple of years, “crypto” has become an increasingly important topic in political policy …
New York Times:
The Information:
Joseph Cox / 404 Media:
Leaked documents: Cellebrite couldn't forcibly unlock an iPhone running iOS 17.4 or newer as of April 2024; most of the listed Android devices could be unlocked  —  The leaked April 2024 documents, obtained and verified by 404 Media, show Cellebrite could not unlock a large chunk of modern iPhones.
Carl Franzen / VentureBeat:
OpenAI researchers detail an algorithm by which LLMs can learn to better explain themselves to their users and improve the legibility of their outputs  —  One of the most interesting and useful slang terms to emerge from Reddit in my opinion is ELI5, from its subreddit of the same name …

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Earlier Picks

Caroline Mimbs Nyce / The Atlantic:
Tom Warren / The Verge:
Emilia David / VentureBeat:
Laura Waxmann / San Francisco Chronicle:
Akash Sriram / Reuters: