US to issue new AI chip export restrictions to China, Apple shifts resources from AR glasses towards cheaper Vision Pro model

Reuters sources: the US plans to issue new export restrictions that will cover a broader range of AI chips and enforce company reports of AI chip shipments to China - Link

Bloomberg sources: Apple shifted resources away from developing AR glasses towards building a lower-cost version of its Vision Pro headset due to the technical difficulty of developing standalone AR glasses - Link

Mojo Vision, a startup that pivoted from developing AR contact lenses to producing microLED panels in the near term, raised a $21.1M Series A extension co-led by NEA and Khosla - Link

Gary Gensler told the FT that AI would trigger a financial crisis within a decade without swift intervention due to too many institutions relying on the same base models - Link

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Rewind CEO Dan Siroker joins Jason to discuss the new Rewind Pendant AI device that can record conversations (1:08), debate privacy and ethical concerns around covert recording (9:32), and much more! - Link

Kokusai Electric, a Tokyo-based chip equipment maker majority owned by KKR, raised ~$724M in its IPO, valuing the company at ~$2.8B - Link

WSJ sources: Senior Goldman Sachs execs want to offload its consumer lending business and Apple partnership due to declining profits and high loss rates; the investment bank has discussed a deal with Amex - Link

Ferrari will start accepting crypto payments in the US via BitPay, which will immediately turn crypto into traditional currency to protect Ferrari from price swings - Link

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