TechCrunch Top 3

Tesla reportedly might sell its China business ahead of a SpaceX merger: Tesla had already reportedly prepped for the idea in the event that Beijing invades Taiwan. Read More

Reddit is testing a new way to watch — and listen to — its viral posts: Reddit is developing a new video experience that lets users watch — or simply listen to — its most popular posts, taking inspiration from the viral TikTok videos that pair Reddit stories with gameplay or other footage. CEO Steve Huffman said the feature is already in the works and could begin testing later this year. Read More

WhatsApp is testing a new folder for messages from large businesses: WhatsApp will automatically move messages from large businesses to a new folder a few hours after you receive them Read More

A message from General Compute

General Compute is making a $300m bet against the GPU

General Compute raised $15m to build the world's first ASIC cloud. By removing the GPU bottleneck, it runs frontier LLMs up to 16x faster than standard GPU clouds. ASIC silicon is also far more energy efficient, so it deploys in air-cooled data centers, making growth and expansion dramatically easier.

Learn more here

Morning Must-Reads

Anthropic says its own AI models breached three companies during security tests: After OpenAI's models broke into Hugging Face, Anthropic checked its own history and found three similar incidents Read More

Google says it fixed more Chrome bugs in June than over the past two years, thanks to AI: As experts have warned for the last two years, some companies — like Microsoft and now Google — are finding and patching an exponential number of bugs in their products, thanks to the use of LLMs and AI tools. Read More

Smallest.ai raises $13M to build ultra-fast voice AI that sounds genuinely human: The startup is building voice models designed to make AI phone calls pass the Turing test. Read More

CareCloud begins to notify hundreds of thousands after hackers stole medical records: The health tech data giant, which handles vast amounts of patients' medical data, said hackers struck one of its protected health data stores. Read More

AI hedge fund Situational Awareness may have sold its public portfolio, but it still has its Anthropic shares: The former OpenAI researcher’s fund was forced to unwind public equities after leveraged public bets plummeted. But he still has cards to play. Read More

Last but Not Least

Apple says gaming slowdown and App Store changes hurt services growth: Apple said a slowdown in mobile gaming and changes to the App Store’s business model — including court-ordered payment rule changes in the U.S. — weighed on its services business, even as the company topped 1.5 billion paid subscriptions. Read More