Dwayne
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Memo: Meta restructures Superintelligence Labs; Alexandr Wang heads TBD Lab, Robert Fergus heads FAIR, Nat Friedman heads products, Aparna Ramani heads Infra (Riley Griffin/Bloomberg)
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Google proposes Play Store changes in the EU, like making it easier for developers to direct users to websites and a new tiered fee structure, after EU scrutiny (Samuel Stolton/Bloomberg)
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Functionize, which offers a cloud platform that uses AI to speed up software testing, raised a $41M Series B, bringing its total funding to $67M+ (Maria Deutscher/SiliconANGLE)
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Tether hires Bo Hines, who stepped down as White House Crypto Council Executive Director earlier in August, as an adviser to help it expand in the US (Prakhar Srivastava/Reuters)
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What to expect from Google's "Made by Google" Pixel hardware event on August 20: four Pixel 10 phones, including a Pro Fold, Pixel Watch 4, and Pixel Buds 2A (Dominic Preston/The Verge)
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NYC-based Keychain, which makes AI-based software that helps manufacturers manage their product cycles, raised a $30M Series B, taking its total funding to $68M (Jagmeet Singh/TechCrunch)
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Bill Gates backs the Alzheimer's Insights AI Prize, which gives $1M to a team making AI to "accelerate breakthrough discoveries from existing Alzheimer's data" (Stephen Morris/Financial Times)
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A survey of 4,446 US adults on AI: 71% are concerned AI will put "too many people out of work permanently", 61% worry about electricity consumption, and more (Reuters)
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DeepSeek releases V3.1, adding a longer context window, with few other details; Chinese media blames CEO Liang Wenfeng's perfectionism and bugs for R2's delay (Bloomberg)
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NYC-based Eight Sleep, which makes the AI-powered Pod smart mattress cover for measuring sleep, raised $100M from HSG and others, after an $86M Series C in 2021 (Kate Park/TechCrunch)
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Sources: Nvidia is developing a new Blackwell-based AI chip for China, tentatively known as the B30A, that will be more powerful than its H20 model for China (Reuters)
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Xiaomi reports Q2 revenue up 31% YoY to ~$16.2B, above ~$16B est., and net income up 134% YoY to ~$1.6B, driven by EV sales countering slowing smartphone demand (Linda Lew/Bloomberg)
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Databricks is finalizing a Series K at a $100B valuation, up 61% from its December 2024 round; sources say it is co-led by Thrive and a16z plans to participate (Angel Au-Yeung/Wall Street Journal)
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Sources: Masayoshi Son met Lip-Bu Tan to discuss SoftBank acquiring Intel's faltering foundry business in the weeks before announcing SoftBank's $2B investment (Financial Times)
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Sources: Apple is making all four iPhone 17 models in India ahead of debut, a first, as it expands to five factories to cut reliance on China for US-bound units (Bloomberg)
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Tim Sweeney says the UK's mobile app store regulation lags "well behind" other countries, and calls the CMA delaying its iPhone sideloading decision a "blunder" (Tim Bradshaw/Financial Times)
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OpenAI launches ChatGPT Go, a new India-only plan priced at Rs. 399, or ~$4.57, per month, its most affordable yet, to grow users in its second-largest market (Kashish Tandon/Reuters)
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A US federal appeals court rejects T-Mobile's bid to overturn a $92M fine for illegally selling customer location data without consent, after a 2024 FCC ruling (Jon Brodkin/Ars Technica)
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US Director of National Intelligence Tulsi Gabbard says the UK has dropped its mandate requiring Apple to provide a backdoor for accessing users' encrypted data (Kanishka Singh/Reuters)
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The US FTC sues Key Investment Group, operator of sites like TotalTickets.com, for evading purchasing limits to buy up and resell live event tickets at a markup (Jody Godoy/Reuters)
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