Early-stage firm Magnify Ventures has raised a $46.6 million Fund II from LPs including Melinda French Gates’ Pivotal Ventures Read more: Read More
Tech Crunch – OpenAI proposed donating 5% of its equity to a US sovereign wealth fund
OpenAI CEO Sam Altman has reportedly proposed giving 5% of the company’s equity to a U.S. sovereign wealth fund, reviving discussions about letting the public share in the financial gains from the…
Tech Crunch – Popular TV-tracking app TV Time is shutting down as company focuses on AI
TV Time, the popular TV tracking app, is shutting down on July 15 as parent company Whip Media pivots toward enterprise AI products. Read more: Read More
El Paso Matters – EPCC’s $8 million state funding loss could affect raises, property taxes
The decision by the Texas Higher Education Coordinating Board to not pay El Paso Community College – and its statewide peers – all the money the colleges earned through student performance outcomes…
Tech Crunch – Lucid Motors’ CFO is out as its new CEO continues leadership shakeup
The company announced a new slate of executive hires meant to help turn things around, as Gravity SUV sales are not taking off as expected. Read more: Read More
Tech Crunch – US government says it got hacked — again
A top Democrat on the Senate’s Intelligence Committee warned that the information accessed on a Homeland Security intelligence-sharing network may risk national security. Read more: Read More
Tech Crunch – Microsoft launches its own AI deployment company with $2.5 billion commitment
Microsoft follows Amazon, OpenAI and Anthropic with its new AI deployment group. Read more: Read More
Tech Crunch – Tesla saw a massive sales jump in the second quarter
The company delivered more than 480,000 EVs globally, seemingly thanks to geographic expansion and cheaper versions of the Model 3, Model Y, and Cybertruck. Read more: Read More
Tech Crunch – Rivian raises EV sales forecast as Q2 production ramps up
The company now expects to ship a few thousand more vehicles by the end of 2026 than it previously expected, after launching its R2 SUV last month. Read more: Read More
Tech Crunch – Yep, we’re using OpenClaw to date now
Ben Guez has “a bunch of potential international wives in [his] DMs,” thanks to an automated script he set up using OpenClaw, Claude code, and Instagram trials. Read more: Read More