| Bloomberg: |
Sources: the US DOJ is poised to sue Apple as soon as Thursday, accusing it of violating antitrust laws by blocking rivals from accessing iPhone features — - Lawsuit to be filed in federal court as soon as Thursday — Case comes as iPhone maker also faces scrutiny in Europe| CNBC: |
Reddit priced its IPO at $34 a share, the top of its expected range, bringing in $519M and valuing the company at about $6.5B — In this photo illustration a Reddit logo is seen displayed on a smartphone. — Reddit, the 19-year-old website that hosts millions of online forums … | Wall Street Journal: |
Meta, Microsoft, X, and Match Group file an amicus brief in Epic v. Apple protesting Apple's plan to charge a commission for payments made outside the App Store — Four tech companies object to Apple's new app store policies related to payment for services| Financial Times: |
The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years — Preliminary agreement under US Chips Act also includes $11bn loan as company expands capacity in Arizona and other states| Ben Schoon / 9to5Google: |
Epic plans to release the Epic Games Store on iOS and Android later this year, with the same terms as the ones for PC, including a 12% commission on sales — With plans to launch its own game store on iOS, it's now been announced that the Epic Games Store is coming to Android.| Forbes: |
Sources: Stability AI CEO Emad Mostaque told staff last week that Robin Rombach and his team of researchers who helped develop Stable Diffusion, have resigned — Robin Rombach and a group of key researchers that helped develop the Stable Diffusion text-to-image generation model have left the troubled generative AI startup.| Camilla Hodgson / Financial Times: |
| Emily Mullin / Wired: |
Neuralink shows its first brain implant patient, a 29-year-old man paralyzed from the shoulders down, play online chess using the Neuralink device — In a livestream on X, the paralyzed 29-year-old man used his Neuralink brain implant to control a computer.| Samuel Stolton / Bloomberg: |
France fines Google €250M for not keeping its 2022 pledge on fair deals with media outlets, including training Gemini on articles without notifying publishers — - Firm also accused of breaking other commitments in news case — Watchdog levies €250 million penalty in latest escalation| Frederic Lardinois / TechCrunch: |
GitHub releases code scanning autofix, powered by Copilot and CodeQL, in public beta for GitHub Advanced Security customers, to help them fix vulnerabilities — It's a bad day for bugs. Earlier today, Sentry announced its AI Autofix feature for debugging production code and now … | Tim Copeland / The Block: |
A commit in Ethereum Foundation's GitHub repository shows the foundation has received a voluntary and confidential inquiry from an unspecified state authority — - The Ethereum Foundation has received a voluntary and confidential inquiry from an unspecified state authority, according to the foundation's GitHub repository.| Foo Yun Chee / Reuters: |
EU antitrust chief Margrethe Vestager warns Apple over its Core Technology Fee, saying the EU plans to investigate, and Meta over its planned subscription fees — EU antitrust chief Margrethe Vestager on Tuesday warned Apple (AAPL.O) and Meta Platforms (META.O) on their new fees for their services … | Alfred Ng / Politico: |
The US House passes a bill to prevent data brokers from selling personal data to China, Russia or other “foreign adversaries”; the bill now heads to the Senate — The first major Capitol Hill action on tech in years passes the House with broad support — and steers straight … | Bloomberg: |
A UK jury finds Jian Wen guilty of laundering bitcoin for a Chinese fugitive allegedly behind a ~$6B fraud in China; police had seized BTC worth $2.2B+ in 2018 — - Jury finds Jian Wen guilty on one count of money laundering — Jian helped Chinese fugitive Zhimin Qian launder Bitcoin| Bloomberg: |
Chipmaker Astera Labs jumped 72% in its trading debut after its IPO topped expectations to raise $713M, giving the company a market value of $9.46B — - Chip connectivity firm's IPO fourth largest in US this year — Share sale elevates expectation for IPOs including Reddit's| Sarah Nassauer / Wall Street Journal: |
Marc Lore's food delivery startup Wonder raised $700M from NEA, GV, and others, taking its total funding to $1.5B, and aims to open nearly 100 NYC locations — Company plans to open nearly 100 restaurant locations around New York City area over next two years| Ian King / Bloomberg: |
Micron reports Q2 revenue up 58% YoY to $5.82B, vs. $5.53B est., and forecasts Q3 revenue above estimates, buoyed by demand for AI hardware; MU jumps 11%+ — - Sales outlook far exceeds what analysts were estimating — Micron is one of ‘biggest beneficiaries’ of AI boom, CEO says| Kyle Wiggers / TechCrunch: |
A review of OpenAI's GPT Store finds many GPTs offer bizarre services, potentially infringe on copyright laws, impersonate people, jailbreak ChatGPT, and more — When OpenAI CEO Sam Altman announced GPTs, custom chatbots powered by OpenAI's generative AI models, onstage at the company's … | Mackenzie Hawkins / Bloomberg: |
Sources: the White House is considering blacklisting some Huawei-linked Chinese chip companies, after the Mate 60 Pro from August 2023 used an advanced 7nm chip — - Huawei last year revealed an advanced 7-nm chip in a new phone — Raimondo has vowed ‘strongest’ action to protect US security| Steven Levy / Wired: |
An in-depth look at the 2017 “Attention Is All You Need” paper, a big breakthrough in AI, and profiles of the eight Google researchers who co-authored the paper — They met by chance, got hooked on an idea, and wrote the “Transformers” paper—the most consequential tech breakthrough in recent history.| Yogita Khatri / The Block: |
Robinhood rolls out its Robinhood Wallet app on Android, after launching the iOS app in March 2023 — - The Android app of Robinhood's crypto wallet has officially launched. — Last month, Robinhood said its crypto revenue jumped 10% year over year to $43 million in Q4 of 2023.| Natasha Lomas / TechCrunch: |
Bengaluru-based smart ring maker Ultrahuman raised a $35M Series B, with $25M in equity and the rest in debt, from Blume, Steadview Capital, Nexus, and others — India's Ultrahuman is prepping for a growth tear. Today it's announcing the close of $35 million in Series B* funding, a mix of equity ($25M) and debt.
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