Journals

Juro Osawa / The Information: Sources: some ByteDance executives expressed concerns over running the video editing app CapCut from China given the political scrutiny facing TikTok in the US  —  Last year, the second most downloaded free app in the… Read More »Sources: some ByteDance executives expressed concerns over running the video editing app CapCut from China given the political scrutiny facing TikTok in the US (Juro Osawa/The Information)

Michael Acton / Financial Times: Meta and Microsoft are lobbying EU regulators to reject Apple’s proposed App Store changes to comply with the DMA, saying Apple’s plans don’t go far enough  —  Meta and Microsoft want Brussels regulators to extract… Read More »Meta and Microsoft are lobbying EU regulators to reject Apple’s proposed App Store changes to comply with the DMA, saying Apple’s plans don’t go far enough (Michael Acton/Financial Times)

Ben Jiang / South China Morning Post: Beijing-based Moonshot AI, which launched its AI chatbot Kimi Chat in October 2023, raised $1B+ led by Alibaba and HongShan, reportedly at a ~$2.5B valuation  —  – Beijing-based Moonshot AI, known in Chinese… Read More »Beijing-based Moonshot AI, which launched its AI chatbot Kimi Chat in October 2023, raised $1B+ led by Alibaba and HongShan, reportedly at a ~$2.5B valuation (Ben Jiang/South China Morning Post)

Manish Singh / TechCrunch: Byju’s says the $200M rights issue that cuts its valuation by 99% to $20M-$25M is fully subscribed; source: some of Byju’s major investors are yet to take part  —  Byju’s says its recently launched $200 million… Read More »Byju’s says the $200M rights issue that cuts its valuation by 99% to $20M-$25M is fully subscribed; source: some of Byju’s major investors are yet to take part (Manish Singh/TechCrunch)

Daphné Leprince-Ringuet / Sifted: Paris-based Bioptimus, which aims to build an LLM to understand biological processes on different scales, launches with a $35M seed led by Sofinnova Partners  —  Bioptimus plans to build an LLM that is based on the… Read More »Paris-based Bioptimus, which aims to build an LLM to understand biological processes on different scales, launches with a $35M seed led by Sofinnova Partners (Daphné Leprince-Ringuet/Sifted)

Brandi Vincent / DefenseScoop: Scale AI signs a one-year contract with the Pentagon to provide a means to test and evaluate LLMs that can be used for military planning and decision-making  —  The company will create a comprehensive T&E framework… Read More »Scale AI signs a one-year contract with the Pentagon to provide a means to test and evaluate LLMs that can be used for military planning and decision-making (Brandi Vincent/DefenseScoop)

Reuters: Indonesia issues a regulation requiring digital platforms, including Facebook and Google, to pay media outlets that provide them with content  —  Indonesian President Joko Widodo said on Tuesday he had signed a regulation requiring digital platforms to pay media… Read More »Indonesia issues a regulation requiring digital platforms, including Facebook and Google, to pay media outlets that provide them with content (Reuters)

Tom Wilson / Reuters: Circle says it will no longer mint USDC tokens on the Tron blockchain, effective immediately, to “ensure that USDC remains trusted, transparent, and safe”  —  Major U.S. crypto firm Circle will end support for its USDC… Read More »Circle says it will no longer mint USDC tokens on the Tron blockchain, effective immediately, to “ensure that USDC remains trusted, transparent, and safe” (Tom Wilson/Reuters)

Paresh Dave / Wired: A look at TDCommons, a site Google launched in 2015 that publishes technical details of ideas from companies and individuals, to block future patent disputes  —  TDCommons is a free space for inventors to lay claim… Read More »A look at TDCommons, a site Google launched in 2015 that publishes technical details of ideas from companies and individuals, to block future patent disputes (Paresh Dave/Wired)

Larry Dignan / Constellation Research: Palo Alto Networks reports Q2 revenue up 19% YoY to $1.98B, vs. $1.97B est., and lowers its full-year guidance for billings and revenue; PANW drops 19%+  —  Palo Alto Networks is changing its strategy to… Read More »Palo Alto Networks reports Q2 revenue up 19% YoY to $1.98B, vs. $1.97B est., and lowers its full-year guidance for billings and revenue; PANW drops 19%+ (Larry Dignan/Constellation Research)