Month: July 2022

A US House panel votes 53-2 to advance the American Data Privacy and Protection Act, which would affect ad targeting and how tech companies use people’s data (Rebecca Klar/The Hill)

Rebecca Klar / The Hill: A US House panel votes 53-2 to advance the American Data Privacy and Protection Act, which would affect ad targeting and how tech companies use people’s data  —  A House panel advanced a comprehensive data privacy bill in a 53-2 bipartisan vote Wednesday, pushing forward legislation that aims …

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Filings: Samsung is considering building 11 new chipmaking facilities in the Austin area over the next two decades, which could lead to ~$192B in new investment (Austin American-Statesman)

Austin American-Statesman: Filings: Samsung is considering building 11 new chipmaking facilities in the Austin area over the next two decades, which could lead to ~$192B in new investment  —  Bob Sechler Kara CarlsonAustin American-Statesman  —  In what could be the biggest economic investment in Central Texas history …

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Shanghai-based JAKA Robotics, which makes collaborative industrial robots that work alongside humans, has raised a $150M Series D led by Temasek and others (Noriyuki Doi/Nikkei Asia)

Noriyuki Doi / Nikkei Asia: Shanghai-based JAKA Robotics, which makes collaborative industrial robots that work alongside humans, has raised a $150M Series D led by Temasek and others  —  Collaborative robots safe enough to work alongside humans in high demand  —  A JAKA Robotics demonstration unit picks up a box …

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Lyft closes its car rental service, which was running in five locations, but will still offer third-party rentals in 30+ locations, as it lays off 60 employees (Wall Street Journal)

Wall Street Journal: Lyft closes its car rental service, which was running in five locations, but will still offer third-party rentals in 30+ locations, as it lays off 60 employees  —  The company is latest to cut back on staff, adjust businesses amid growing economic concerns  —  Uber, Lyft and the Crucial Challenge for Profitability

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PitchBook: VCs invested ~$16B in US Series A and B rounds in Q2 2022, down 22% YoY, the biggest decline in early-stage funding since 2010, excluding Q2 2020 (Berber Jin/Wall Street Journal)

Berber Jin / Wall Street Journal: PitchBook: VCs invested ~$16B in US Series A and B rounds in Q2 2022, down 22% YoY, the biggest decline in early-stage funding since 2010, excluding Q2 2020  —  Power shifting back to investors after glut of cheap money heightened competition for deals The slowdown in venture-capital funding …

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Samsung says it sold nearly 10M Fold3 and Flip3 devices combined over the past year, up 300%+ from 2020; ~70% of foldable customers bought the Flip3 (Ben Schoon/9to5Google)

Ben Schoon / 9to5Google: Samsung says it sold nearly 10M Fold3 and Flip3 devices combined over the past year, up 300%+ from 2020; ~70% of foldable customers bought the Flip3  —  Yesterday Samsung officially confirmed an August 10 event to launch its next batch of foldable smartphones.

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PitchBook: VCs invested ~$16B in US Series A and B rounds in Q2 2022, down 22% YoY, the biggest decline in early-stage funding since 2010, excluding Q2 2020 (Berber Jin/Wall Street Journal)

Berber Jin / Wall Street Journal: PitchBook: VCs invested ~$16B in US Series A and B rounds in Q2 2022, down 22% YoY, the biggest decline in early-stage funding since 2010, excluding Q2 2020  —  Power shifting back to investors after glut of cheap money heightened competition for deals The slowdown in venture-capital funding …

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Tesla sold 75 percent of its Bitcoin

Illustration by Alex Castro / The Verge Tesla already reported vehicle shipment numbers for the second quarter, and now its full Q2 2022 financial report (pdf) reveals it’s dealing with inflation and the overall economic downturn, combined with a plunge in prices of Bitcoin and other cryptocurrencies. In the letter to investors, Tesla execs reveal

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Roblox is rolling out an update to increase its visual fidelity by making textures and avatars more realistic (Taylor Hatmaker/TechCrunch)

Taylor Hatmaker / TechCrunch: Roblox is rolling out an update to increase its visual fidelity by making textures and avatars more realistic  —  A social network of virtual pocket worlds with a daily user base roughly the size of Spain’s population, Roblox is ubiquitous among kids 13 and under and mostly mystifying to adults …

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