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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 (Arjun Kharpal/CNBC) Main Link | Techmeme Permalink
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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+ (Bloomberg) Main Link | Techmeme Permalink
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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 (Ina Fried/Axios) Main Link | Techmeme Permalink
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OpenAI researchers reveal an algorithm by which LLMs can learn to better explain themselves to their users and improve the legibility of their outputs (Carl Franzen/VentureBeat) Main Link | Techmeme Permalink
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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 (Ookla) Main Link | Techmeme Permalink
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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 (Foo Yun Chee/Reuters) Main Link | Techmeme Permalink
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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 (Caroline Mimbs Nyce/The Atlantic) Main Link | Techmeme Permalink
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Microsoft launches its AI-powered Designer app out of preview on iOS and Android, letting users create images, stickers, and more, expanding on a web client (Tom Warren/The Verge) Main Link | Techmeme Permalink
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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 (New York Times) Main Link | Techmeme Permalink
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Yemen says a ship has repaired the subsea AAE-1 cable, linking Asia and Europe, in the Red Sea, and remains in the water to repair the Seacom and EIG cables (Bloomberg) Main Link | Techmeme Permalink
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Israel-based CytoReason, which uses AI to develop disease models, raised $80M from Nvidia, Pfizer, Thermo Fisher, and OurCrowd, and plans a Massachusetts office (Steven Scheer/Reuters) Main Link | Techmeme Permalink
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Human Interest, a 401(k) provider for SMBs that aims to cut down on administration and compliance work, raised $267M in equity and debt at a $1.33B valuation (Katie Roof/Bloomberg) Main Link | Techmeme Permalink
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Hands-on with the Samsung Galaxy Z Fold6's AI-generated "sketch to image" tool: turns rough sketches into images, ridiculous, fun, and slightly worrying (Allison Johnson/The Verge) Main Link | Techmeme Permalink
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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+ (Ron Miller/TechCrunch) Main Link | Techmeme Permalink
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Google unveils Project Oscar, an open-source platform to help product teams monitor software issues or bugs via AI agents, at its I/O Connect Bengaluru event (Emilia David/VentureBeat) Main Link | Techmeme Permalink
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Court filing: FTX and the CFTC agree a $12.7B settlement after months of negotiations, pending a judge's approval; FTX will return up to $12.7B to creditors (Sarah Wynn/The Block) Main Link | Techmeme Permalink
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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 (Samuel Stolton/Bloomberg) Main Link | Techmeme Permalink
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Taiwan chip company employees have seen their wealth surge during the global AI boom, reinforcing Taiwan's reputation as an epicentre for creating tech wealth (Kathrin Hille/Financial Times) Main Link | Techmeme Permalink
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Dealogic: foreign capital in China's VC industry fell 60% YoY to $3.7B in 2023, just 10% of the 2021 peak, leading to an expansion of state-backed funds (South China Morning Post) Main Link | Techmeme Permalink
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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 (The Verge) Main Link | Techmeme Permalink
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Fujitsu makes a "significant investment" in Cohere to build and launch LLMs in Japanese language, including "Takane", which is based on Cohere's Command R+ LLM (Shubham Sharma/VentureBeat) Main Link | Techmeme Permalink
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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 (Bloomberg) Main Link | Techmeme Permalink
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Sources: GitLab, which has a market cap of ~$8B, is exploring a sale after attracting interest from peers, including Datadog, which has a market cap of $44B (Reuters) Main Link | Techmeme Permalink
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ASML reports Q2 net sales of €6.24B ($6.8B) vs. €6.03B est., net income of €1.58B vs. €1.43B est., and expects 2024 total net sales to be similar to 2023 (Arjun Kharpal/CNBC) Main Link | Techmeme Permalink
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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 (Financial Times) Main Link | Techmeme Permalink
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Momentum Works: SE Asia's e-commerce GMV hit $114.6B in 2023, up 15% YoY; Shopee had a 48% share and TikTok Shop's GMV grew from $4.4B in 2022 to $16.3B in 2023 (Tsubasa Suruga/Nikkei Asia) Main Link | Techmeme Permalink
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In an interview, Google DeepMind's and Google Research's chief scientist Jeff Dean says AI is not to blame for the brunt of data center emissions increase (Sharon Goldman/Fortune) Main Link | Techmeme Permalink
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Germany-based One Data, which provides AI-powered enterprise data management software, raised a €32M Series B extension led by Vsquared, Molten, and HV Capital (Cate Lawrence/Tech.eu) Main Link | Techmeme Permalink
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LevelTen, which runs a marketplace connecting buyers, sellers, advisors, and financiers of clean energy projects, raised a ~$65M Series D led by B Capital (Lisa Stiffler/GeekWire) Main Link | Techmeme Permalink
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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 (Marina Temkin/TechCrunch) Main Link | Techmeme Permalink