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July 17, 2024, 9:00 PM
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memeorandum
WeSmirchTop 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.
More: New York Times, Benzinga, CryptoGlobe, Silicon Valley Business …, Semafor, Financial Times, Telegraph, Reclaim The Net, The San Francisco Standard, and Bloomberg
Threads: @camwilsonreporter, @camwilsonreporter, @karaswisher, @reckless1280, @crumbler, @carnage4life, and @crumbler
X: @elonmusk, @davidsacks, @elonmusk, @chamath, @davidsacks, @emptywheel, @chamath, @rmac18, @silvermanjacob, @robcrilly, @jeffjarvis, @teddyschleifer, and @rmac18
Forums: r/TheAllinPodcasts and r/neoliberal
| 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 …
More: Decrypt, The Crypto Times, TechCrunch, The Block, CNBC, CryptoGlobe, Cryptopolitan, Crypto Briefing, Cointelegraph, CoinDesk, and CoinGape
Mastodon: @Kierkegaanks@beige.party. X: @rachelwilkinsb, @galois_capital, @arthur_0x, @adamscochran, @ki_young_ju, @_jhunsaker, @jchervinsky, @vitalikbuterin, @iohk_charles, @nkennethk, @togelius, @tusharjain_, @ofnumbers, @iohk_charles, @twobitidiot, @adamscochran, @adamscochran, @jon_charb, @nic__carter, @eawosikaa, @eawosikaa, @ryansadams, @ljxie, @vitalikbuterin, @aeyakovenko, @autismcapital, @nic__carter, @econoar, and @a1lon9
Forums: Hacker News, r/CryptoCurrency, and r/ethtrader
| Marina Temkin / TechCrunch: |
More: CryptoPotato, New York Magazine, Decrypt, Business Insider, CryptoSlate, Newcomer, Watcher Guru, crypto.news, Cryptopolitan, Axios, Music Ally, Crypto Briefing, DL News, The Information, and Bloomberg
Threads: @parkert, @coloradotravis, @elizspiers, @gwestr, and @crumbler. Mastodon: @KarlBode@masto.ai. Bluesky: @mmasnick.bsky.social
X: @mcuban, @davidsacks, @kelseytuoc, @kelseytuoc, @kelseytuoc, @kelseytuoc, @mwseibel, @maddierenbarger, @tsarnick, @boltyboy, @alexiskold, @mattyglesias, @ericnewcomer, @dpinsen, @prestonjbyrne, @carnage4life, @aphysicist, @ktmboyle, @bigmeaninternet, @spiritofpines, @jessesingal, @danprimack, @kimmaicutler, @shonaghosh, @mattzeitlin, @pmarca, @elonmusk, @billhughesdc, @brendan_duke, @carnage4life, @a16z, @johnkonrad, @bennjordan, @pmarca, @danprimack, @garymarcus, @kateclarktweets, @ericjackson, @danprimack, @pmarca, and @jessicalessin
Forums: r/politics and r/technology
| The Information: |
More: a16z on YouTube, The Guardian, NPR, Stratechery, Business Insider, Associated Press, Coinspeaker, Cryptopolitan, Benzinga, Axios, Financial Times, Bloomberg, Axios, Platformer, Inc.com, Forbes, Fox Business, Seeking Alpha, The Atlantic, New York Post, Gizmodo, Business Insider, Axios, CNBC, Cointelegraph, The Verge, Le Monde.fr, The Information, Wall Street Journal, and New York Times
Threads: @anildash, @esqueer_, @yannlecun, @benedictevans, @technicallymims, @gk_ventures, @technicallymims, @benedictevans, @benedictevans, @moskov, and @carnage4life
| 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
More: The Information, Axios, Cryptopolitan, Fortune, Benzinga, Yahoo Finance, New York Times, Quartz, TNW, Forbes, CryptoGlobe, Reuters, Financial Times, Investor's Business Daily, Tom's Hardware, The Register, South China Morning Post, Silicon Valley Business …, Invezz, Proactiveinvestors UK, Nikkei Asia, and Bloomberg
X: @6d6f636869, @mackhawk, @thorstenbenner, and @technology
Forums: r/neoliberal, r/europe, and r/wallstreetbets
| 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 …
More: The Information, Wall Street Journal, Proactive, Reuters, Bloomberg, Quartz, Reuters on YouTube, The Motley Fool, and BusinessLIVE. Forums: r/politics
| 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.
More: The Information, Engadget, CCN.com, Cryptopolitan, and The Register
Threads: @mgsiegler. X: @pedrodias, @pedrodias, @andrewcurran_, @timsweeneyepic, @andrewcurran_, @adamkovac, @inafried, and @morqon. LinkedIn: Nathan Benaich
Forums: r/LocalLLaMA, r/singularity, r/technology, and Slashdot
| Carl Franzen / VentureBeat: |
OpenAI researchers reveal 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 … | Jess Weatherbed / The Verge: |
Spotify launches an AI DJ that speaks Spanish, in beta for Premium customers in markets where its English-language DJ is offered, and in Spain and Latin America — The new Spanish-language voice has been provided by Spotify's senior music editor, Olivia “Livi” Quiroz Roa …
More: Spotify, TechCrunch, Neowin, Axios, Thurrott, Engadget, Digital Trends, and Phandroid
| 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.
More: Source, Windows Blog, ZDNet, Engadget, VentureBeat, BetaNews, Maginative, TechRadar, Windows Central, Windows Latest, XDA Developers, Thurrott, iPhone in Canada Blog, TechCrunch, Android Headlines, Neowin, AppleInsider, and TestingCatalog. LinkedIn: Sumit Chauhan
| 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: Reuters, JURIST, Japan Today, Seeking Alpha, UPI, The Independent, Silicon Republic, Silicon UK, Euronews, Digital Music News, The Mirror, Android Headlines, Engadget, 9to5Mac, Deutsche Welle, BusinessLIVE, Benzinga, Euractiv, Business Standard, Court of Justice of the European Union, and BERNAMA
| 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: |
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: SiliconANGLE and The Verge
| 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 … | Bloomberg: |
The US SEC sues former DWAC CEO Patrick Orlando for allegedly misleading investors about his company's plans for a SPAC merger with Trump's social media company — - Patrick Orlando eyed Trump Media before IPO, SEC claim — SEC settled with DWAC for $18 million over similar issue
More: Reuters
| 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 …
More: The Verge, The Information, Engadget, Social Media Today, and ACM Conferences
| 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: SiliconANGLE, Fortune, Observer, Quartz, The Verge, Silicon Valley Business …, and Disruption Banking
| 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
| Bloomberg: |
Yemen says the AAE-1 subsea cable in the Red Sea, linking Asia and Europe, has been repaired; two other cables, Seacom and EIG, are still being repaired — - Vessel owned by UAE-based telco making repairs amid conflict — Fixes to internet cables delayed by geopolitical friction| 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 …
More: Barron's Online, ASML, Cryptopolitan, Investor's Business Daily, Bloomberg, Tech Monitor, TrendForce Insights, Reuters, Proactive, Benzinga, ASML, Reuters, and Bloomberg
X: @asmlcompany, @asmlcompany, @economyapp, and @technology
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Threads: @technicallymims. X: @thorstenbenner, @jimgeraghty, @jamescrabtree, @kyleichan, @thestalwart, @fbermingham, @hiattb, @shashj, @tomgara, @mrjeffu, @josephzeballos, @prem_thakker, @thestalwart, @john_hudson, @alexwickham, @bgrueskin, @mackhawk, @drewpavlou, @ericlevitz, @bradstone, @joumannatv, @mackhawk, @jason_kint, @jakesherman, @katie_roof, @davidjoachim, @_danilo, @drewpavlou, and @sarahfrier
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