Semafor: Sources: Elon Musk claimed his new startup xAI was worth $20B while he was trying to recruit top AI talent, including by offering equity in xAI — Elon Musk sought to recruit top AI talent to his new artificial intelligence company with equity in the venture he claimed was already worth tens … Lees verder op Tech Meme
Bloomberg: Sources: Dutch export control rules would bar ASML from maintaining, repairing, and providing spare parts for controlled equipment without government approval — – ASML will be limited in repairing restricted machines in China — China’s production capabilities and capacity to be affected Lees verder op Tech Meme
Tim Copeland / The Block: Crypto bridging protocol Multichain ceases operations after confirming Chinese police detained its CEO, Zhaojun, and his sister, who held ~$220M of user assets — – Multichain confirmed its CEO has been detained in China. — It said the CEO’s sister moved $220 million of funds … Lees verder op Tech Meme
Reuters: Twitter sues four unnamed entities in Texas for “unlawfully scraping data” and seeks $1M+ in relief; Elon Musk: “that is why we had to put rate limits in place” — Twitter has filed a lawsuit against four unnamed entities in Texas for data scraping last week … Lees verder op Tech Meme
Semafor: Sources: Elon Musk claimed xAI was worth $20B, as he was trying to recruit top AI talent and offering equity in his new startup — Elon Musk sought to recruit top AI talent to his new artificial intelligence company with equity in the venture he claimed was already worth tens of billions of dollars … Lees verder op Tech Meme
Hayden Field / CNBC: Sensor Tower: from July 8 to July 11 and 12, Threads DAUs fell ~20% and time spent fell 50% to 10 minutes; Similarweb: Android DAUs fell 25%+ from July 7 to 10 — – Facebook’s Twitter-killer, Threads, has seen drops in daily active users and time spent on app since the weekend, according to SensorTower and SimilarWeb. Lees verder op Tech Meme
Ivan Mehta / TechCrunch: Meta confirms taking “additional steps” to prevent EU-based users from accessing Instagram’s Threads; users report no longer being able to use Threads via a VPN — After multiple EU-based users complained about not being able to access Instagram’s Threads app through VPN, Meta confirmed that it is blocking such efforts. Lees verder op Tech Meme
Bloomberg: Sources: Dutch export control rules will bar ASML from maintaining, repairing, and providing spare parts for controlled equipment without government approval — – ASML will be limited in repairing restricted machines in China — China’s production capabilities and capacity to be affected Lees verder op Tech Meme
Wall Street Journal: Source: Binance has fired over 1,000 people in recent weeks; the cuts are global, ongoing, and could result in the company losing more than a third of its staff — Crypto exchange reduces workforce as Justice Department investigation continues — Binance, the giant crypto exchange … Lees verder op Tech Meme
Salvador Rodriguez / Wall Street Journal: Meta insiders detail a return to “OG Mark” and how staff secretly toiled away to determine how to create a Twitter-like service that fit with the company’s apps — Staffers toiled for months to create a Twitter-like service that would fit with existing apps Lees verder op Tech Meme