Tech Brew Ride Home

At long last, the government has issued guidance to crypto on what is or is not allowed. The blowup from gamers has caused Jensen to push back. A tale of contrasting IPOs from wildly different industries. And is your boss about to ask you to submit expense reports for your token use?


SEC, CFTC Move to Define Which Digital Assets Are Securities (Bloomberg)


Jensen Huang says gamers are 'completely wrong' about DLSS 5 — Nvidia CEO responds to DLSS 5 backlash (TomsHardware)


Meta to Discontinue Key Metaverse Product for VR Headsets (Bloomberg)


AI Drone Software Stock Jumps 520% in Best IPO Since Newsmax (Bloomberg)


Crypto exchange Kraken freezes multibillion-dollar IPO plan due to difficult market conditions (CoinDesk)


Apple Cracks Down on ‘Vibe Coding’ Apps (The Information)


You’ve Finally Figured Out AI at Work—Now Comes the Bill (WSJ)

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All the headlines from Nvidia’s big event yesterday. Can Apple make fetch happen with foldable phones cause nobody else seems to be able to. One hour deliveries is the new, screw it, we’re doing five razorblades. And the robots are really coming to Disney theme parks, right now.


NVIDIA claims DLSS 5 will deliver 'photoreal' image quality with AI this fall (Engadget)


Nvidia Makes Trillion-Dollar Forecast at Annual Product Expo (Bloomberg)


Samsung to Stop Selling $2,899 TriFold Phone After Three Months (Bloomberg)


Amazon rolls out 1-hour, 3-hour delivery as ultrafast shipping trend grows in the U.S. (CNBC)


OpenAI to Cut Back on Side Projects in Push to ‘Nail’ Core Business (WSJ)


I met Olaf — the Frozen robot who might be the future of Disney Parks (The Verge)

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Is Meta about to do the mother of all layoffs? New AirPods Max 2. Why OpenAI delayed its sexytime chat… the calls to do so were coming from inside the house. What does it mean if the San Francisco real estate market is ripping again? And what if it ends up Apple has played a blinder by sitting out AI CAPEX spending?


Exclusive: Meta planning sweeping layoffs as AI costs mount (Reuters)


Apple quietly launches AirPods Max 2 (TechCrunch)


Encyclopedia Britannica sues OpenAI over AI training (Reuters)


OpenAI’s Bid to Allow X-Rated Talk Is Freaking Out Its Own Advisers (WSJ)


The AI Boom Has Exploded the San Francisco Housing Market (WSJ)


The most brilliant move in corporate history? (ASYMCO)

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Meta’s big new AI model is delayed because they still can’t get to state of the art. The social media addiction trial is winding down. All the video apps are going to end up looking exactly like one another eventually. And, of course, the Weekend Longreads Suggestions.


Meta Delays Rollout of New A.I. Model After Performance Concerns (NYTimes)


Lawyers in landmark social media addiction trial make final appeals to the jury (AP)


Peacock expands into AI-driven video, mobile-first live sports, and gaming (TechCrunch)


Disney+ is rolling out its TikTok-like ‘Verts’ short-form video feed (TechCrunch)

Weekend Longreads Suggestions:


Why ATMs didn’t kill bank teller jobs, but the iPhone did (David Oks's Blog)


James Mason in a cave with a cat (Joel Morris's Substack)

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More AI inspired job cuts. I gotta say, adding AI to Google Maps makes it sound like it might work much, much better. A new entrant into the AI health space. An Iran-war-related hacking takes down a company. And Mark Gurman tells us what to expect from a foldable iPhone.


Atlassian slashes 10% of workforce to ‘self-fund’ investments in AI and enterprise sales (CNBC)


You can now ask Google Maps ‘complex, real-world questions’ — and Gemini will answer (The Verge)


Anthropic’s Claude AI can respond with charts, diagrams, and other visuals now (The Verge)


Microsoft’s New AI Health Tool Can Read Your Medical Records and Give Advice (WSJ)


Iran Expands War With Major Cyberattack Against U.S. Company (WSJ)


Apple’s Foldable iPhone to Feature iPad-Like Interface When Opened (Bloomberg)

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