🗞️ Apple attacked

June 24, 2024   |   Read Online Brought to you by: Top stories today: EU: preliminary view that App Store rules violate DMA rules Meta, Anthropic, Perplexity in talks with Apple over AI integration VR, AR, metaverse startup funding at $0.46B YTD Startup closures on Carta hit record high in Q1 Follow us on X | Instagram | Advertise to our 250K+ subscribers 0. Data and calendar All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT). All times are ET. 1. EU: preliminary view that App Store rules violate Digital Markets Act (DMA) European Commission. Apple prevents "app developers from freely steering consumers to alternative channels for offers and content," says the EU. Alternative app stores should be free, the EU suggests. Mar. 25: deadline for the EU to make a final decision. Apple could make changes before that. $38B fine is possible (10% of global revenue). $1.9B fine was given in Mar. 2. Meta, Anthropic, Perplexity in talks with Apple over AI integration No fixed fee, only a commission of subscription sales, for now, similar to the OpenAI deal. Google pays Apple ~$20B/year to be the default search engine, and we could see Apple starting an auction to determine who is going to be the default external chatbot. 3. Athyna, how Bay Area Times hires global talent, has new $1K discount Athyna. We have been using Athyna to hire our global team. ~67% savings compared to hiring in U.S./Europe. Pay nothing until you find the perfect match. Get $1,000 OFF on your next offshore employee by mentioning us. Try Athyna today! *Disclaimer: Athyna is a partner of the Bay Area Times. 4. VR, AR, metaverse startup funding at $0.46B YTD, likely to close year lower than prior years Crunchbase. Rokid's $70M round: largest so far in 2024. Vision Pro traction has been lackluster, likely contributing to this trend. 5. Startup closures on Carta hit record high in Q1, led by 2021-2022 fundraising peak Carta. Startups that raised money in the 2021-2022 bull run are likely running out of money after 2-3 years. Closures are increasing across all stages Carta. 6. Interesting videos, posts, and memes Ep11. Coatue Conference Recap, Tesla & ISS Controversy | BG2 with Bill Gurley & Brad Gerstner 7. Other headlines AI ByteDance, Broadcom developing advanced AI processor. NVIDIA signs deal with Middle East telecom to bring AI tech to region. Stability AI gets Prem Akkaraju as CEO, investment from Sean Parker. OpenAI acquires Rockset, database analytics firm. Perplexity CEO answers to plagiarism, infringement accusations. Are LLMs features, rather than products? John Gruber piece. Athyna: hire incredible global talent with the same company that Bay Area Times uses!* *Sponsored. Tech Apple Vision (non-Pro) could launch as early as 2025. Linda Yaccarino fires right-hand man Joe Benarroch. X making live streaming premium feature. Axios Pro: Deals Tracker uncovers your next smart venture investment.* Mercury saves you and your finance team time and headaches.** *Sponsored. **Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes. Tech & law Apple Intelligence won't roll out in EU due to regulatory concerns. TikTok confirms it offered U.S. "kill switch" in 2022. Biotech Marea launches with $190M for cardiovascular diseases (in Phase 2). Tectonic merges with AVROBIO, raises $131M. Is 70 the new 60? Reason comments. Crypto FTX bankruptcy claims near 120% price. Michael Dell reposts pro-Bitcoin X post from Michael Saylor. Binance exec in Nigerian prison receives visit from U.S. lawmakers. U.S. politics Trump says he's chosen VP, as betting markets favor Burgum, Vance. World Netanyahu: intense fighting against Hamas ending, focus on Hezbollah. "Dramatic drop" in U.S. weapons shipments. U.S. tells Israel it would fully support it in potential war with Hezbollah. EU likely to sidestep Hungary to grant Ukraine $50B. Dagestan terrorists kill 16+ police officers, Synagogue, churchgoers. Taiwan wants more drones, but those are mostly made in China. Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below). Share Bay Area Times Share our newsletter with your friends and get free Bay Area Times rewards! You currently have 0 referrals, only 1 away from receiving our Generative AI Unicorns Database. Click to Share Or copy and paste this link to others: https://www.bayareatimes.com/subscribe?ref=UbEAXR818y What did you think of today's newsletter? ⭐️⭐️⭐️ Amazing! ⭐️⭐️ Good ⭐️ Bad Advertise on the Bay Area Times Disclaimer: The Bay Area Times is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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