Manish Singh / TechCrunch:
India scraps “angel tax” for all classes of investors, a major victory to the country’s startup ecosystem that had lobbied for years against the measure — India’s federal government has removed the controversial “angel tax” for all classes of investors, delivering a major victory …
Seattle-based QA Wolf, which helps companies automate QA testing for apps, raised a $36M Series B and opens a waitlist for Android and iOS test automation (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
Seattle-based QA Wolf, which helps companies automate QA testing for apps, raised a $36M Series B and opens a waitlist for Android and iOS test automation — Quality assurance in the app development world is a necessary, but often resource-draining, undertaking.
X reverts its water pistol emoji back to a firearm on the web, after Twitter originally switched the pistol emoji from a realistic-looking handgun in 2018 (Keith Broni/Emojipedia)
Keith Broni / Emojipedia:
X reverts its water pistol emoji back to a firearm on the web, after Twitter originally switched the pistol emoji from a realistic-looking handgun in 2018 — X (fka Twitter) has quietly redesigned its 🔫 Water Pistol emoji to display as a firearm. This diverges from the cross-platform conversion …
Texas Instruments reports Q2 revenue down 16% YoY to $3.82B and forecasts Q3 revenue in line with analysts’ estimates of $4.14B, easing fears of a chip downturn (Ian King/Bloomberg)
Ian King / Bloomberg:
Texas Instruments reports Q2 revenue down 16% YoY to $3.82B and forecasts Q3 revenue in line with analysts’ estimates of $4.14B, easing fears of a chip downturn — – Chipmaker says sales dip again in industrial, automotive units — Forecast follows more pessimistic view offered by rival NXP
Elon Musk says “I am not donating $45M a month to Trump”, but states he created American PAC to support Trump, without revealing how much he will donate (Eva Roytburg/Fortune)
Eva Roytburg / Fortune:
Elon Musk says “I am not donating $45M a month to Trump”, but states he created American PAC to support Trump, without revealing how much he will donate — Elon Musk is not spending $45 million a month to elect former President Donald Trump, though he has created …
Meta says it will allow developers to use the outputs from Llama models, including Llama 3.1 405B, to improve other models for the first time (Benj Edwards/Ars Technica)
Benj Edwards / Ars Technica:
Meta says it will allow developers to use the outputs from Llama models, including Llama 3.1 405B, to improve other models for the first time — “Open source AI is the path forward,” says Mark Zuckerberg, misusing the term. — In the AI world, there’s a buzz in the air …
Level AI, maker of AI-powered tools to automate customer service tasks, raised a $39.4M Series C led by Adams Street Partners, taking its total raised to $73.1M (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
Level AI, maker of AI-powered tools to automate customer service tasks, raised a $39.4M Series C led by Adams Street Partners, taking its total raised to $73.1M — Ashish Nagar, an engineer by trade, was working at Amazon’s Alexa org on the conversational AI team when he realized that AI …
Sources: Samsung’s HBM3 chips have been cleared by Nvidia for use in its H20 GPU, developed for the Chinese market; HBM3E chips are still being tested (Reuters)
Reuters:
Sources: Samsung’s HBM3 chips have been cleared by Nvidia for use in its H20 GPU, developed for the Chinese market; HBM3E chips are still being tested — Samsung Electronics’ (005930.KS) fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia (NVDA.O) …
Alphabet reports Other Bets Q2 revenue of $365M, up from $285M in Q2 2023, a $1.13B loss, up from $813M, and announces a “multiyear” investment of $5B in Waymo (Jennifer Elias/CNBC)
Jennifer Elias / CNBC:
Alphabet reports Other Bets Q2 revenue of $365M, up from $285M in Q2 2023, a $1.13B loss, up from $813M, and announces a “multiyear” investment of $5B in Waymo — Alphabet is again investing in its self-driving car unit Waymo — this time with $5 billion.
US spot ether ETFs hit over $1B in trading volume across nine funds, a strong debut, but far from the $4.6B traded during the spot bitcoin ETFs debut in January (Bloomberg)
Bloomberg:
US spot ether ETFs hit over $1B in trading volume across nine funds, a strong debut, but far from the $4.6B traded during the spot bitcoin ETFs debut in January — – Trading volume still trailed amount posted by Bitcoin ETFs — Debuts for two of the funds rank among some of the best ever