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August 4, 2025, 10:40 AM
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memeorandum
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| Natalie Lung / Bloomberg: |
Lyft partners with Baidu to launch autonomous vehicles in Germany and the UK in 2026, pending regulatory approval; Lyft will deploy Baidu's sixth-gen robotaxis — Lyft Inc. said it's partnering with China's Baidu Inc. to launch autonomous vehicles in Europe starting next year …
More: The Economic Times, Reuters, South China Morning Post, New York Times, Internet of Things News, Proactive, Lyft, MarketWatch, CNBC, CnEVPost, and Futurism. X: @baidu_inc
| Mike Isaac / New York Times: |
Silicon Valley has shifted from Web 2.0 to a new “hard tech”, AI-dominated era with fewer perks and a more serious mood, as startups use San Francisco as a base — In a scene in HBO's “Silicon Valley” in 2014, a character who had just sold his idea to a fictional tech company …
Mastodon: @ricmac@mastodon.social. X: @obrien, @profschleich, @s_sullivan, @mikeisaac, @smchatter1, and @jjvincent
| Natallie Rocha / New York Times: |
How 20-something CEOs like Cognition AI's Scott Wu, Cursor's Michael Truell, Cluely's Roy Lee, and Scale AI's Alexandr Wang are swarming San Francisco's AI boom — Some dropped out of M.I.T., Georgetown and Stanford. Others decided not to go to college. They all say they could not afford …
More: New York Times and Implicator.ai
| Olivia Solon / Bloomberg: |
Spotify says it is updating prices across South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific; an example email had a €1/month rise — Spotify Technology SA shares gained in premarket trading after the company announced it's raising premium subscription prices across many markets outside the US.
More: Spotify, The Verge, Reuters, 9to5Mac, TechCrunch, Investor's Business Daily, Moneycontrol, Moneycontrol, Neowin, PhoneArena, MarketWatch, Hypebot, and Proactive
| Dan Milmo / The Guardian: |
The UK Online Safety Act's approach to keeping children safe online has become a rallying point for the right in the UK and the US over alleged censorship — Farage accuses government of being ‘so below the belt’ as right wing doubles down on censorship claims — The UK's Online Safety Act has been greatly anticipated.
More: Electronic Frontier Foundation and Reclaim The Net
Bluesky: @gnomeicide and @eff.org
| Bloomberg: |
Amazon says it is closing its Wondery podcast studio and will break up its operations as part of a broad reorganization; a source says ~110 will lose their jobs — As podcasting becomes video-oriented, Amazon is shuffling Wondery into Audible and a new “creator services” team while cutting approximately 110 staff members| Matt Kapko / CyberScoop: |
CrowdStrike's 2025 Threat Hunting Report: 320+ investigations into North Korean operatives in remote IT jobs in the US, Europe, and elsewhere in the past year — Threat hunters saw North Korean operatives almost daily, reflecting a 220% year-over-year increase in activity, CrowdStrike said in a new report.| Noah Smith / Noahpinion: |
How the AI data center building boom could cause a financial crisis akin to 2008, including the rising use of short-term debt financing via private credit funds — This time let's think about a financial crisis before it happens. — The U.S. economic data for the last few months is looking decidedly meh.
More: Blood in the Machine, Axios, Wall Street Journal, Wall Street Journal, Gizmodo, The Economist, and Wall Street Journal
Bluesky: @lastnametbd, @mel.bzky.team, @edfinnerty, @edzitron.com, @kosso.co.uk, @stellarwork.com, @andrewfacini.com, @4til7, @nicholasgrossman, @cfaller96, @akfullerton, @jessefelder, and @globalecoguy
X: @da_stockman, @sdamico, @zoomyzoomm, @zoomyzoomm, @ej_sanmartin, @noahpinion, @emollick, @daniellefong, @noahpinion, and @noahpinion. Forums: r/neoliberal
| Paul Kedrosky: |
More: Washington Post, Wall Street Journal, Motley Fool, A Wealth of Common Sense, and Cautious Optimism
X: @dkthomp, @josephpolitano, @partners_road, @bopanc, @clairlemon, @mims, @bearlyai, @dkthomp, @birdyword, @lhamtil, and @mims
Forums: Hacker News and r/Economics
| Antonio G. Di Benedetto / The Verge: |
Lenovo ThinkBook Plus Gen 6 review: a unique $3,300 laptop with a rollable 120Hz OLED display that can expand from 14" to 16.7", but is heavy and has few ports — Part of me still can't believe it, but Lenovo did the thing: it took a bonkers concept for a laptop with a rollable screen … | Lauren Thomas / Wall Street Journal: |
Connecticut-based Amphenol plans to acquire North Carolina-based CommScope's broadband connectivity and cable unit for ~$10.5B, including debt, amid the AI boom — Maker of interconnect products is buying CommScope's broadband connectivity and cable unit — Amphenol said it would buy … | Lu Wang / Bloomberg: |
Simulated markets study: without explicit instruction, AI trading bots collude to fix prices, hoard profits, and sideline human traders, a regulatory challenge — It's a regulator's nightmare: Hedge funds unleash AI bots on stock and bond exchanges — but they don't just compete, they collude.
More: Fortune, Bloomberg Law, NBER, Tom's Hardware, and The Post Millennial
| Sheera Frenkel / New York Times: |
Google, OpenAI, Meta, and VCs are increasingly embracing the US military industrial complex, a major Silicon Valley cultural shift supported by President Trump — In a major shift, Google, OpenAI, Meta and venture capitalists — many of whom had once forsworn involvement in war — have embraced the military industrial complex.| Jordan Novet / CNBC: |
A profile of Figma CEO Dylan Field, a former Thiel fellow whose Figma stake is worth ~$6.6B after the company ended its NYSE debut week with a $71B+ market cap — Mark Zuckerberg may be the most famous college-dropout-turned-tech- billionaire. Dylan Field is the latest … | George Osborne / Financial Times: |
Former UK Chancellor and Coinbase Advisory Council member George Osborne says the UK missed the first crypto wave and risks missing the stablecoin-driven second — If we were the world's only financial centre we could take our time to evaluate stablecoins — but we are not
More: DL News, crypto.news, The Guardian, Telegraph, The Crypto Times, Cryptonews, and American Banker
X: @pat_mayr, @faryarshirzad, and @sarthakgh
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