Techmeme
July 17, 2024, 9:00 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.
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 …
Marina Temkin / TechCrunch:
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
CNBC:
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.
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.
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
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) …
Ookla:
T-Mobile was the fastest US mobile network in H1 2024, with a Speed Score, which combines download and upload speeds, of ~206, vs. AT&T's ~112, Verizon's ~108  —  T-Mobile leads on key mobile KPIs  —  T-Mobile continues to dominate the mobile landscape in the U.S., boasting the fastest speeds …
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
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 …

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