Techmeme: Israel Innovation Authority: since October 7, Israeli tech companies have raised $9B, third behind Silicon Valley and NYC; tech is 16% of Israel's employment (Steven Scheer/Reuters)

Top News

The US Commerce Department proposes banning Chinese software and hardware for internet connected vehicles, effectively banning Chinese vehicles in the US — The Biden administration fears Beijing could collect data on American drivers or hack into cars — The US Commerce Department …

Paul Sawers / TechCrunch:

Automattic CEO Matt Mullenweg calls WP Engine a “cancer to WordPress” and says it profits off confusion between the WordPress project and commercial services — Automattic CEO and WordPress co-creator Matt Mullenweg unleashed a scathing attack on a rival firm this week, calling WP Engine a “cancer to WordPress.”

More: WordPress News, TechRadar, Search Engine Journal, Nate Hoffelder, and Matt Mullenweg

X: @photomatt, @rarst, @johngreenfield, @tooshel, @josephjacks_, @thehungrybird_, @adityakane, @photomatt, and @vintuitive

Sergiu Gatlan / BleepingComputer:

The FBI arrests and charges two people in Miami over a conspiracy to steal and launder 4,100+ BTC, worth $230M+; ZachXBT says they targeted a Genesis creditor — Two suspects were arrested in Miami this week and charged with conspiracy to steal and launder over $230 million in cryptocurrency using crypto exchanges and mixing services.

More: US Department of Justice, CoinDesk, VICE, Hackread, NBC News, and The Daily Hodl

X: @zachxbt, @zachxbt, @cometcalls, @tayvano_, @silvermanjacob, @usao_dc, @inteledits, and @zachxbt

Bloomberg:

Sources: Apollo Global Management has offered to make an equity-like investment of as much as $5B in Intel — - Investment firm said to offer equity-like deal for chipmaker — Move comes as rival Qualcomm makes approach about takeover … The alternative asset manager has indicated …

Financial Times:

Legacy carmakers struggle to keep pace as the focus shifts from engines to computing power; only Ford, GM, and BMW are in Gartner's digital performance top 10 — Legacy carmakers have struggled to keep pace as the focus has turned from the engine to computing power

More: Benzinga, NBC News, and CBS News

X: @1br0wn. Forums: r/FFIE and r/cars

The Verge:

Google TV Streamer review: excellent UI, Google Assistant, fast controls, smart home hub, and handy Find My feature, but not a huge speed bump and only Wi-Fi 5 — With more storage, a (slightly) faster processor, and some proper smart home chops, Google's new take on the Chromecast is its best attempt at a streaming device yet.

More: Android Police, ZDNET, Android Authority, 9to5Google, Gizmodo, Engadget, Tom's Guide, T3, Digital Trends, The Keyword, and Android Headlines

Swati Gupta / Bloomberg:

The US and India announce plans for a new chip plant in India, producing infrared, gallium nitride, and silicon carbide chips, as Narendra Modi visits the US — - Plant to manufacture chips including infrared, gallium nitride — Narendra Modi is visiting the US for the annual Quad summit

More: Inc42 Media, Patently Apple, YourStory.com, and The White House. X: @narendramodi

Kate Knibbs / Wired:

Cloudflare rolls out Bot Management, a suite of free AI auditing tools, to all of its customers to help monitor and selectively block AI data-scraping bots — “The path we're on isn't sustainable,” Cloudflare CEO Matthew Prince tells WIRED, in reference to rampant AI scraping. Here's his plan to course-correct.

More: ZDNET, Fortune, TechCrunch, SiliconANGLE, The Cloudflare Blog, and The Cloudflare Blog

Jemima Kelly / Financial Times:

Similarweb: daily X users in the UK fell from 8M in May 2023 to 5.6M now, with 33%+ of the fall coming after the summer riots; US DAUs fell by ~20% in that time — The great migration from Elon Musk's X has seen users, especially progressives, retreat into one particular silo

X: @ordinarytings, @begriffis, @daraobriain, @jburnmurdoch, @jburnmurdoch, and @jburnmurdoch. Forums: r/TrueReddit

Financial Times:

AI copilots are evolving into AI agents designed to take actions on behalf of users, as business software companies experiment with ways to sell generative AI — Microsoft, Salesforce and Workday latest to centre their plans on ‘AI agents’ as technology advances

More: PYMNTS.com and Christopher S. Penn

Aditya Kalra / Reuters:

Sources: Xiaomi asked India to recall its report that found the company and Walmart's Flipkart breached competition laws, saying it contains commercial secrets — China's Xiaomi (1810.HK) has asked India's antitrust body to recall its report that found the company and Walmart's Flipkart …

More: Business Today, The Economic Times, Inc42 Media, Benzinga, Tech in Asia, and Bloomberg

Sebastian Herrera / Wall Street Journal:

A profile of Amazon executive Rohit Prasad, who now oversees a new team of thousands to develop AI products for an Alexa upgrade and other businesses — Rohit Prasad is tasked with making the company a stronger rival to the likes of OpenAI, Microsoft and Google

More: CNBC, AIM, The Daily Upside, and Tom's Guide

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