| Chance Miller / 9to5Mac: |
Apple unveils App Store updates for the EU, including Web Distribution, which will let authorized developers offer iOS apps on their websites from spring 2024 — Last week, Apple released iOS 17.4 with big changes to the iPhone and App Store ecosystem to comply with the Digital Markets Act in the European Union.| Aisha Malik / TechCrunch: |
Bluesky open sources its collaborative moderation tool Ozone and plans to let users run their own independent moderation services later this week — Decentralized Twitter/X rival Bluesky announced today that it's open sourcing Ozone, a tool that lets individuals and teams collaboratively review and label content on the network.| Sean O'Kane / TechCrunch: |
Self-driving startup Applied Intuition raised a $250M Series E led by Lux, Elad Gil, and Porsche at a $6B valuation and works with “18 of the top 20 automakers” — Autonomous vehicle software company Applied Intuition has raised $250 million in a round that values the startup at $6 billion … | Tabby Kinder / Financial Times: |
Carta: tech startup workers are receiving 37% less equity in their companies on average compared with 18 months ago; average salaries are down 0.2% since 2022 — Data shows equity compensation has decreased by more than a third over past 18 months — Technology start-ups have slashed equity packages … | Sergiu Gatlan / BleepingComputer: |
Tor releases WebTunnel, a new type of Tor bridge that mimics HTTPS traffic to help users bypass censorship by hiding connections in plain sight — The Tor Project officially introduced WebTunnel, a new bridge type specifically designed to help bypass censorship targeting the Tor network by hiding connections in plain sight.| Charlotte Trueman / DatacenterDynamics: |
Meta details its two new data center scale clusters, both containing 24,576 Nvidia H100 GPUs that the company is using for AI workloads like training Llama 3 — Have been built to support AI research and development — Meta has shared the details of the hardware, network, storage, design … | Financial Times: |
Docs: Nigeria, which has held two Binance execs since February amid a crypto exchange crackdown, is pushing Binance for info on its top 100 local users and more — Authorities hold senior company executives for two weeks after crackdown on cryptocurrency websites| Sarah Perez / TechCrunch: |
RevenueCat survey of nearly 30K mobile subscription apps finds that only 17.2% of them will reach $1,000 in monthly revenue and only 3.5% will reach $10,000 — Investors know that most startups fail, but something that may be less understood is how few mobile apps actually make money.| Wall Street Journal: |
As TikTok faces a divestment bill in the US, a look at how lawmakers and the Biden administration quietly planned the legislation and caught TikTok by surprise — Executives of the video-messaging app thought they had fended off attacks. Behind the scenes, lawmakers and Biden officials were working to force its ban or sale.| Ashlee Vance / Bloomberg: |
Cognition AI, which offers a Copilot-like coding assistant that, the startup says, can finish whole projects, raised $21M from Founders Fund, Elad Gil, and more — A new startup called Cognition AI can turn a user's prompt into a website or video game. — A new installment of Silicon Valley's … | Jagmeet Singh / TechCrunch: |
Google confirms rolling out restrictions to limit Gemini surfacing answers on election queries globally; the update is live in the US and rolling out in India — If you want to ask Google's AI chatbot a question about an upcoming election, you will have to do it from a country where there are no elections taking place.| Bloomberg: |
Letter: Chamath Palihapitiya's VC firm Social Capital said it fired two of its partners, citing an undisclosed “situation”, and hired a law firm to investigate — - Social Capital has declined to explain the sudden move — High-profile firm said undisclosed ‘situation’ led to firing| Washington Post: |
Sources: in summer 2023, Donald Trump asked Elon Musk if he wanted to buy Truth Social; Trump's advisers say the pair have talked about politics and business — The idea went nowhere, but the former president and the billionaire X owner have continued to communicate more than was previously known| Ivan Mehta / TechCrunch: |
Google updates Google Play game listings, including AI-powered FAQs and new ad formats, adds support for listing PC games, and says Play Points hit 220M members — Google announced a bunch of new features for Google Play listings for games including AI-powered FAQs, displaying the latest YouTube videos … | J. Edward Moreno / New York Times: |
Match and Bumble have lost $40B+ in market value since 2021, as they struggle to grow their ~$4.2B in 2023 subscription revenue and young users opt not to pay — The apps have changed our love lives, but they haven't been able to convince enough young users to pay.| Aisha Malik / TechCrunch: |
TikTok expands its Effect Creator Rewards monetization program to 33 more regions, including Argentina, Belgium, and Israel, and lowers its payout threshold — TikTok is expanding its Effect Creator Rewards monetization program to more regions and lowering its payout threshold, the company announced today.| Ashlee Vance / Bloomberg: |
Source: Physical Intelligence, a startup making an AI model for “any robot or physical device”, has raised $70M from Thrive, Khosla, Lux, OpenAI, Sequoia, more — Physical Intelligence is building software intended to power robots that can learn a wide range of tasks.| Alexandra Alper / Reuters: |
Sources: Intel's Trump-era license to sell advanced laptop CPUs to Huawei remains, despite AMD's pressure on Biden; source: AMD sought a similar license in 2021 — Intel has survived an effort to halt hundreds of millions of dollars' worth of chip sales to Huawei, two people familiar with the matter said …
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