Michael Kan / PCMag:
Intel delays its Innovation event, slated for September and expected to include details about new CPUs, until 2025, citing its financial results and H2 outlook — The chipmaker is delaying one of its biggest events, which was slated for September and expected to include more details about upcoming processors.
Sources: Chinese robotaxi company WeRide is seeking about $100M in a US initial public offering and around $200M to $300M in a concurrent private placement (Bloomberg)
Bloomberg:
Sources: Chinese robotaxi company WeRide is seeking about $100M in a US initial public offering and around $200M to $300M in a concurrent private placement — – Chinese robotaxi firm granted securities regulator nod in 2023 — Renault Nissan Mitsubishi Alliance agreed to back listing
Keir Starmer confirms UK’s Online Safety Act will be reviewed after London mayor Sadiq Khan said the law was “not fit for purpose” after far-right riots (The Guardian)
The Guardian:
Keir Starmer confirms UK’s Online Safety Act will be reviewed after London mayor Sadiq Khan said the law was “not fit for purpose” after far-right riots — Move comes after London mayor Sadiq Khan said role of misinformation in unrest showed law was unfit for purpose
The Irish Data Protection Commission says X has agreed to pause training Grok using millions of Europeans’ public posts it collected between May 7 and August 1 (Clothilde Goujard/Politico)
Clothilde Goujard / Politico:
The Irish Data Protection Commission says X has agreed to pause training Grok using millions of Europeans’ public posts it collected between May 7 and August 1 — X will pause training its artificial intelligence chatbot Grok with some European users’ posts, according to Europe’s chief privacy watchdog.
Venezuelan President Nicolas Maduro bans X in the country for ten days, accusing Elon Musk of using X to promote hatred after Venezuela’s disputed election (Reuters)
Reuters:
Venezuelan President Nicolas Maduro bans X in the country for ten days, accusing Elon Musk of using X to promote hatred after Venezuela’s disputed election — Maduro said he signed a resolution presented by regulator Conatel which “has decided to take social network X, formerly known as Twitter, out of circulation for 10 days.”
A look at the US’ Chips and Science Act two years after its enactment on August 9, 2022, as the Biden administration nearly finishes divvying up $39B in grants (Mackenzie Hawkins/Bloomberg)
Mackenzie Hawkins / Bloomberg:
A look at the US’ Chips and Science Act two years after its enactment on August 9, 2022, as the Biden administration nearly finishes divvying up $39B in grants — The Chips Program Office is tasked with overseeing one of the most ambitious manufacturing comebacks in US history
Perplexity says its AI search engine answered ~250M queries in July vs. 500M in all of 2023; sources: Perplexity recently raised $250M at a $3B valuation (Financial Times)
Financial Times:
Perplexity says its AI search engine answered ~250M queries in July vs. 500M in all of 2023; sources: Perplexity recently raised $250M at a $3B valuation — Artificial intelligence app boosts usage and sales despite controversy over its data-gathering techniques
A look at the deepening engagement of EU’s auto chipmakers with China as sales suffer in the West; McKinsey: automotive chips market will be worth $150B by 2030 (Alan Crawford/Bloomberg)
Alan Crawford / Bloomberg:
A look at the deepening engagement of EU’s auto chipmakers with China as sales suffer in the West; McKinsey: automotive chips market will be worth $150B by 2030 — – Latest earnings show China’s EV growth as a rare bright spot — Beijing’s push for tech independence threatens foreign sales
A look at Whisper CEO Michael Heyward’s Medialab, which acquired Imgur and Genius and was sued by their founders and others for allegedly failing to honor deals (Iain Martin/Forbes)
Iain Martin / Forbes:
A look at Whisper CEO Michael Heyward’s Medialab, which acquired Imgur and Genius and was sued by their founders and others for allegedly failing to honor deals — Whisper cofounder and CEO Michael Heyward’s second company made a $1.1 billion business out of acquiring floundering startups like Imgur, Genius and Kik.
The Google monopoly ruling dealt a blow to one of Big Tech’s arguments against regulation: that 19th-century antitrust laws can’t address modern tech innovation (Washington Post)
Washington Post:
The Google monopoly ruling dealt a blow to one of Big Tech’s arguments against regulation: that 19th-century antitrust laws can’t address modern tech innovation — The first big tech-sector anti-monopoly ruling in a generation challenges the idea that the internet era has outgrown U.S. antitrust law.
