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Good morning, you wonderful specimens of humanity! Itâ€™s Friday, and Iâ€™m writing this from the hammock in my sunny North Oakland garden, so life ainâ€™t all that bad. (I can only seem that WFH stands for Work From Hammock).
This weekend, earmark a bit of time to wield to our Startup Battlefield 200. It gives you the endangerment to walkout your startup for self-ruling at TechCrunch Disrupt in October and win the $100,000 prize. Applications tropical August 5, so get cracking!
Have a good one, and see you next week! â€” Haje
The TechCrunch Top 3
- Youâ€™re looking increasingly chipper already: Brian has been pursuit the CHIPS Act moving through the government process. Today, the CHIPS Act staved off last-minute attempts by the GOP House leadership to derail its passageÂ and will be on its way to POTUSâ€™s sedentary next. On TC , Haje wonders whether the passage of the CHIPS Act could launch flipside US startup renaissance.
- Like YouTube, but shorter: TikTok and Instagram Stories have been eating into YouTubeâ€™s numbers, and the Google-owned giant isnâ€™t loving it. The video platform just made a creator tool misogynist that can turn YouTube videos into Shorts in a matter of moments, Sarah reports.
- Another zest of the Apple: Appleâ€™s third-quarter profits were a mixed bag, but iPhone revenue bucked the trend (even as smartphone shipments are lanugo globally), with a 3% year-over-year revenue jump, Brian reports. Appleâ€™s computer semester took a 10% haircut compared to last yearâ€™s performance.
Startups and VC
Itâ€™s all go, go, go in the world of insurance. Mary Ann reports that Lemonade uninventive Metromile and promptly laid off well-nigh 20% of its staff. Makes sense, of course, in a world where thereâ€™s probably a pearly value of legalistic and operational overlap between the two companies, but itâ€™s unchangingly sad to say goodbye to minion colleagues.
And donâ€™t miss Ariaâ€™s piece well-nigh how the Exploration Visitor is developing a brand-new reusable orbital spacecraft. â€śThe [space] exploration ecosystem is going to transpiration dramatically in the probably next 10 to 15 years,â€ť co-founder and CEO HĂ©lĂ¨ne Huby explained. â€śIf you make it happen, you have a huge wholesomeness of stuff one of the first in the market.â€ť
A few increasingly nuggets to take you into the weekend:
- Taking the fun out of everything: A startup is charging $1.99 to write strings to feed into platforms like DALL-E, and I despair for humanity. Come on, thatâ€™s half the fun! No thanks at all to Kyle for making me seethe with tumbled wrongness this afternoon. Jerk.
- Making it rain lanugo in Africa: Zedcrest Capital, a firm known for its debt and probity wanted markets investments but who recently started toying in venture investments, has launched aÂ $10 million “emergency fund” for African startups, aimed at pre-Series A stage companies, Tage reports.
- Driving lessons for industrial vehicles: Polymath Robotics launches to bring plug-and-play autonomy software to any industrial vehicle, Kirsten reports.
- The increasingly you learn: You know what, Iâ€™ve never read one of Devinâ€™s wares that didnâ€™t make me go, “Huh! I didnâ€™t know that!” Today, Shinkei Systemsâ€™ AI-guided fish harvesting robot gave me that moment of delight.
All my apes gone: Legal disputes at the intersection of IP and NFTs
When Andy Warhol appropriated images of Campbell’s Soup in 1962, he was lucky: For a host of reasons, the visitor decided not to sue him for infringing its trademark.
One wonders how the situation would have played out 60 years later if Warhol had minted a series of NFTs with the iconic soup labels, however.
In her latest TC post, CORPlaw founder Kristen Corpion examined “the most interesting and important IP legal issues that are currently impacting the creation, transfer and use of NFTs,” including trademark infringement, the first sale doctrine and why Seth Green ended up paying a $100,000 premium to buy when his stolen Bored Ape.
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Big Tech Inc.
Itâ€™s never gonna requite you up. Itâ€™ll make an effort to never let you down. It probably wonâ€™t run virtually and desert you. But TikTok may be considering a music service, report Aisha and Ivan in an vendible that unfortunately falls short of the mandatory quota of musical puns. Donâ€™t worry, folks, Iâ€™ll talk to her well-nigh it.
Meanwhile, Annie reports that Kenya is contemplating giving Facebook a smack with the ban-hammer, without the countryâ€™s National Cohesion and Integration Commission finds that the social media platform isnâ€™t doing unbearable to well-spoken out hate speech.
- Is multimedia coming to Twitter?: Looks like the social media platform is testing letting you post images, videos, and GIFs Â all in the same tweet, Ivan reports.
- We donâ€™t want your steeenking ads: Roku misses the mark on its quarterly results, and blames advertising slowdown for coming up short, Lauren reports.
- Bank wastefulness goes down, shares go up: Amazon reported its earnings and ran at a $2 billion loss. Seems like stonks love that sort of thing, considering the share price went up, reports Lauren.
- For you, special price. For you, itâ€™s double: Twitter Blue gets a price hike from $2.99 to $4.99 per month, reports Ivan.
- Where do you take someone without a “peekaboo” accident? To ICU: Instagram pretty much copied BeReal for its Dual camera feature, but kinda missed the point withal the way, Amanda explains.
- Is there anything they canâ€™t do?: Video memes, maybe music soon (see above) and now TikTok begins testing HTML5 minigames with a handful of partners, Sarah reports.