GettyImages 1272953815 nvidia

Nvidia chips become collateral damage in new US sanctions targeting China – Technology Flow

To get Technology Flow’s biggest and most important stories delivered to your inbox every day at 3pm PDT, Subscribe here.

Happy Friday! For those of you excited to see us in your inbox for your daily tech news, unfortunately, as Monday is Labor Day in the US, we’ll be wearing white and grilling, so you’ll have to wait until Tuesday to hear from us again. We wish you a safe and enjoyable weekend wherever you are. – Christine And Haje

Technology Flow Top 3

  • No chips for you: Nvidia is caught in the new sanctions imposed by the US on China. Rita The company said it cannot export two of its AI chips to China, its second-largest market. That could cost Nvidia $400 million in lost sales this third quarter and disrupt some production in China.
  • Just got paid: Google is expanding its alternative payment systems like third-party for in-app purchases to more countries, Evan He writes that It has some of Android’s biggest markets including India and Indonesia.
  • More cuts: tage Nigerian Digital Bank writes about Kuda, the latest African startup to lay off some employees. He noted that Cuda’s 5% reduction affected about two dozen people, and that the company decided to cut redundant positions and underperforming staff in efforts to cut costs.

Startups and VC

“A red-headed woman stands on the moon, her face obscured. Her naked body looks like the kind of poster you’d find on a hormonal teenager’s bedroom wall — that is, until you get to her torso, where three arms protrude from her shoulders,” Kyle And Amanda Write in a story with more twists and turns than a mountain pass. AI is getting better at creating porn. We may not be ready for the consequences, they think.

The rest of our top stories have less nudity, but fewer hands grow where they shouldn’t. We call it a draw, we:

Stop sensationalizing the ‘collapse’ of VC: look at the data

House of Cards Against Blue Skies

Image Credits: perrygerenday (Opens in a new window) / Getty Images

For entrepreneurs looking to raise, it’s a scary time: It’s taking longer than ever, and valuations are much lower than they were a few months ago.

For investors, however, things are settling back down to earth, says Brian Walsh of Wind Ventures.

“The reality is that there was an unprecedented hype cycle in 2021, and what we’ve seen since early 2022 is, objectively, ‘reversion to the mean’ in line with long-term trends.”

(Technology Flow+ is our membership program that helps entrepreneurs and startup teams get ahead. You can sign up here.)

Big Tech Inc.

To start your weekend right, Jack Samsung has the 411 on the data breach, apparently the second such incident this year. The company told Jack that the breach occurred in late July and that customer data was compromised in early August, but was not specific about how many customers were affected or why customers were being told now.

Leave a Comment

Your email address will not be published.