US to issue new AI chip export restrictions to China, Apple shifts resources from AR glasses towards cheaper Vision Pro model
Reuters sources: the US plans to issue new export restrictions that will cover a broader range of AI chips and enforce company reports of AI chip shipments to China - Link
Bloomberg sources: Apple shifted resources away from developing AR glasses towards building a lower-cost version of its Vision Pro headset due to the technical difficulty of developing standalone AR glasses - Link
Mojo Vision, a startup that pivoted from developing AR contact lenses to producing microLED panels in the near term, raised a $21.1M Series A extension co-led by NEA and Khosla - Link
Gary Gensler told the FT that AI would trigger a financial crisis within a decade without swift intervention due to too many institutions relying on the same base models - Link
Squarespace. Turn your idea into a new website! Go to Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.
Rewind CEO Dan Siroker joins Jason to discuss the new Rewind Pendant AI device that can record conversations (1:08), debate privacy and ethical concerns around covert recording (9:32), and much more! - Link
Kokusai Electric, a Tokyo-based chip equipment maker majority owned by KKR, raised ~$724M in its IPO, valuing the company at ~$2.8B - Link
WSJ sources: Senior Goldman Sachs execs want to offload its consumer lending business and Apple partnership due to declining profits and high loss rates; the investment bank has discussed a deal with Amex - Link
Ferrari will start accepting crypto payments in the US via BitPay, which will immediately turn crypto into traditional currency to protect Ferrari from price swings - Link
This Week in Startups
E1828: Debating personal AI hardware with Rewind AI’s Dan Siroker
E1827: NEWS: Ackman's SPARC, Unity CEO steps down amidst dev revolt, AI operating costs skyrocket
E1826: State of early-stage VC, finding PMF, Caroline Ellison testifies & more with Zach Coelius
E1825: Bill Gurley and Sunny Madra talk open-source vs. proprietary AI
E1824: NEWS: Breaking down SBF's trial and the downfall of FTX
Embroker - Get an extra 10% off with code TWIST
Notion - Try Notion Projects for free today
Mercury Raise - Get access to a network, connections, and advice