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| Bracing for ‘low-level’ cyberattacks: US officials are warning businesses to prepare for potential Iranian cyberattacks following American strikes on Iranian nuclear sites. Huawei’s new laptop: Huawei’s latest PC is powered by a chip using outdated technology, suggesting US sanctions are still preventing China from developing cutting-edge semiconductors. WhatsApp banned for US staffers: Meta’s messaging platform has been banned from government-issued devices for congressional staffers in the US House of Representatives due to concerns about the app’s data security. | |
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| Former OpenAI executive Mira Murati has raised close to $2 billion for her AI startup, Thinking Machines Lab, at a pre-investment valuation of $10 billion. The financing is huge for such a new company, even by Silicon Valley standards. | |
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| China’s 618 (as in June 18th) summer shopping festival marked a 15% increase in consumer spending aided in large part by government subsidies. But the whole thing was overshadowed by a frenzy to acquire the hottest toy on the market, the Labubu. Luz Ding secured a couple of pre-orders with great effort and has written an account of the evolving online shopping experience in China. | |
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