Techmeme
July 17, 2024, 5:50 PM

Top News

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.
The Information:
Bloomberg:
Sources: the US is considering using tougher trade rules if companies like Tokyo Electron and ASML continue giving China access to advanced chip technology  —  - Restrictions would hit technology from Tokyo Electron and ASML  — US companies like Lam have urged softer approach in meetings
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 …
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) …
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
Ina Fried / Axios:
Meta says it will withhold future multimodal AI models in the EU because of what it 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.
More: Cryptopolitan, CCN.com, and The Register
Threads: @mgsieglerX: @morqon, @adamkovac, and @inafriedForums: r/singularity
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.
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 …
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
Bloomberg:
Sources: Coatue, Alkeon Capital, General Catalyst and others have invested in Figma as part of a deal valuing it at $12.5B; Figma is delivering ARR of $700M+  —  - Deal was secondary share sale with current, former employees  — Other investors included Sequoia, Andreessen Horowitz, Iconiq
More: The Verge
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.
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 …
The Verge:
How Russian design firm Art Lebedev's Optimus keyboards, with built-in OLED screens in each key, laid the foundations for Elgato's popular Stream Deck  —  Art Lebedev's expensive Optimus keyboards seemed like a footnote in tech blogging history until a small German company saw the potential for a new generation of content creators.
More: 9to5ToysThreads: @jonporterukMastodon: @ernie@writing.exchangeX: @tomwarrenLinkedIn: Julian Fest

Sponsor Posts

Meta:
Open Source AI: Available to all, not just the few  —  Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
5 common accounting mistakes  —  This is a guest post by Yaali Bizappln Solutions.  A lot of businesses manage their customers and finances on separate platforms.  This disconnect often leads to missed invoices …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Ride Home:
Thu. 11/21 - What The DOJ Wants Google To Do
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:50 PM 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

Earlier Picks

Emilia David / VentureBeat:
Laura Waxmann / San Francisco Chronicle:
Akash Sriram / Reuters: