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Twitter asks a US federal court to terminate an FTC order that puts restrictions on its data security practices and to stay a deposition of Elon Musk (Cat Zakrzewski/Washington Post)

Cat Zakrzewski / Washington Post: Twitter asks a US federal court to terminate an FTC order that puts restrictions on its data security practices and to stay a deposition of Elon Musk  —  The company asked the federal court to terminate an order with the agency hours before Chair Lina Khan testified on Capitol Hill

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How Apple expanded into sports since 2022, starting with the MLB, leading to an unusual deal to bring Messi to the MLS and share new subscriber revenue with him (Adam Crafton/The Athletic)

Adam Crafton / The Athletic: How Apple expanded into sports since 2022, starting with the MLB, leading to an unusual deal to bring Messi to the MLS and share new subscriber revenue with him  —  In 2019, during an interview with Sports Illustrated, the Apple senior vice president of services, Eddy Cue …

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Telly begins shipping its free, ad-supported, dual-screen TV as part of its “public beta program”; users must submit demographic info, viewing habits, and more (Todd Spangler/Variety)

Todd Spangler / Variety: Telly begins shipping its free, ad-supported, dual-screen TV as part of its “public beta program”; users must submit demographic info, viewing habits, and more  —  Start-up says it received more than 250,000 sign-ups from U.S. consumers … The start-up, which plans to ship …

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The SEC sues ex-Celsius CEO Alex Mashinsky and the company over alleged fraud in the sale of CEL tokens; a source says Mashinsky was arrested on Thursday (Bloomberg)

Bloomberg: The SEC sues ex-Celsius CEO Alex Mashinsky and the company over alleged fraud in the sale of CEL tokens; a source says Mashinsky was arrested on Thursday  —  The former chief executive officer of bankrupt crypto lender Celsius Network Ltd. was charged with fraud and sued by three regulatory agencies over the company’s collapse.

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A writer details using AI startup Writer’s LLM to generate text in his writing style and says most “insights” that the tool produced felt hollow or approximated (Kyle Chayka/New Yorker)

Kyle Chayka / New Yorker: A writer details using AI startup Writer’s LLM to generate text in his writing style and says most “insights” that the tool produced felt hollow or approximated  —  A new wave of artificial-intelligence startups is trying to “scale language” by automating the work of writing.

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Stability AI releases Stable Doodle, a sketch-to-image tool on ClipDrop that uses the Stable Diffusion model to generate “visually pleasing” artistic renditions (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: Stability AI releases Stable Doodle, a sketch-to-image tool on ClipDrop that uses the Stable Diffusion model to generate “visually pleasing” artistic renditions  —  Stability AI, the startup behind the image-generating model Stable Diffusion, is launching a new service that turns sketches into images.

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Analysis: total sales of 19 major IT companies in Taiwan, including Foxconn and TSMC, were down 19.8% YoY to ~$35B in June, the largest drop since at least 2013 (Yu Nakamura/Nikkei Asia)

Yu Nakamura / Nikkei Asia: Analysis: total sales of 19 major IT companies in Taiwan, including Foxconn and TSMC, were down 19.8% YoY to ~$35B in June, the largest drop since at least 2013  —  Industry’s sales fall 20% in June on weak global demand for electronic devices  —  Demand for Apple and other electronic

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Some VCs reflect on the industry slowdown; QED Investors co-founder Frank Rotman estimates that up to 80% of VC firms are in strategically challenged positions (Maxwell Strachan/VICE)

Maxwell Strachan / VICE: Some VCs reflect on the industry slowdown; QED Investors co-founder Frank Rotman estimates that up to 80% of VC firms are in strategically challenged positions  —  The venture industry needs to shrink to adjust to the new normal, and even the VCs themselves know it.

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Telegram merchants can now accept crypto payments via TON-based Wallet in tether, bitcoin, and toncoin, expanding on support for transfers between users (Jamie Crawley/CoinDesk)

Jamie Crawley / CoinDesk: Telegram merchants can now accept crypto payments via TON-based Wallet in tether, bitcoin, and toncoin, expanding on support for transfers between users  —  Wallet, which is built on the TON blockchain, is allowing merchants to integrate cryptocurrency into the bots they use to accept payments in the messaging app.

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Huawei reports $560M in revenue from patent licensing deals in 2023, its first disclosure of such income, and spent 25% of its 2022 sales on R&D, or ~$22.5B (Bloomberg)

Bloomberg: Huawei reports $560M in revenue from patent licensing deals in 2023, its first disclosure of such income, and spent 25% of its 2022 sales on R&D, or ~$22.5B  —  Huawei Technologies Co. made $560 million in revenue from its patent licensing deals last year, disclosing for the first time its annual income …

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