| Marina Temkin / TechCrunch: |
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 — Marc Andreessen, the co-founder of one of the most prominent venture capital firms in Silicon Valley, says he's been a Democrat most of his life.| 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.| The Information: |
Marc Andreessen and Ben Horowitz say Trump is the right choice for “Little Tech”; sources say they plan to make large donations to PACs supporting his campaign — Venture capital bigwigs Marc Andreessen and Ben Horowitz have told staff at Andreessen Horowitz that they plan … | Cat Zakrzewski / Washington Post: |
| 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: |
Donald Trump says “I'm for TikTok, because you need competition”, and “if you don't have TikTok, you have Facebook and Instagram” and “that's Zuckerberg” — It's late June, and Donald Trump is plotting his next presidency in the gilded offseason isolation of the Mar-a-Lago Club.| Bloomberg: |
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 — - Restrictions would hit technology from Tokyo Electron and ASML — US companies like Lam have urged softer approach in meetings| 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| Laura Waxmann / San Francisco Chronicle: |
Elon Musk says he plans to move X's headquarters to Austin, a day after he protested a new California law that bans schools' transgender notification policies — San Francisco real estate market participants confirmed last week that a majority of the Market Street headquarters of X Corp. … | Allison Johnson / The Verge: |
Hands-on with the Samsung Galaxy Z Fold6's “sketch to image” generative AI tool that turns rough sketches into images: ridiculous, fun, and slightly worrying — The pirate ship in Elliott Bay was one thing, but it was a little blurry bee that sent me over the edge.| 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 … | 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 a web client — Microsoft's AI-powered Designer app is coming out of preview today for both iOS and Android users.| Emilia David / VentureBeat: |
Mistral debuts two LLMs: Codestral Mamba 7B, for code generation, based on the Mamba architecture, and Mathstral 7B, for math reasoning and scientific discovery — The well-funded French AI startup Mistral, known for its powerful open source AI models, launched two new entries in its growing family … | Sharon Goldman / Fortune: |
In an interview, Google DeepMind and Google Research Chief Scientist Jeff Dean says AI is not to blame for the brunt of data center emissions increase — Google sent a jolt of unease into the climate change debate this month when it disclosed that emissions from its data centers rose 13% in 2023 … | Emilia David / VentureBeat: |
Google unveils Project Oscar, an open-source platform to help product teams monitor software issues or bugs using AI agents, at its I/O Connect Bengaluru event — Google has announced Project Oscar, a way for open-source development teams to use and build agents to manage software programs.| 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| Bloomberg: |
Yemen says a ship has repaired the AAE-1 subsea cable, linking Asia and Europe, in the Red Sea, and remains in the water to repair the Seacom and EIG cables — - Vessel owned by UAE-based telco making repairs amid conflict — Fixes to internet cables delayed by geopolitical friction| Steven Scheer / Reuters: |
Israel-based CytoReason, which uses AI to develop disease models, raised $80M from Nvidia, Pfizer, Thermo Fisher, and OurCrowd, and plans a Massachusetts office — Israel's CytoReason, which uses AI to develop disease models, said on Wednesday it had raised $80 million in a private funding round.
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