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

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Completely satisfied Friday! For these of you excited to see us in your inbox on your day by day dose of tech information, sadly, you’ll have to wait till Tuesday to listen to from us once more as a result of Monday is Labor Day within the U.S. We can be out grilling, sporting white for the final time this yr and snoozing in hammocks. We want you a protected and gratifying weekend wherever you’re.  — Christine and Haje

The TechCrunch High 3

• No chips for you: Nvidia is caught up within the new sanctions the U.S. is imposing on China. Rita experiences the corporate mentioned it won’t be able to export two of its AI chips to China, its second-largest market. That may doubtless value Nvidia some $400 million in misplaced gross sales for this third quarter and interrupt some manufacturing that occurs in China.
• Just got paid: Google is increasing its different fee methods, like third-party, for in-app purchases to extra international locations, Ivan writes. This consists of a few of Android’s largest markets, together with India and Indonesia.
• More cuts: Tage wrote about Nigerian digital financial institution Kuda, which is the newest African startup to put off some workers. He notes that Kuda’s 5% discount affected about two dozen folks as the corporate determined to take away redundant positions and low-performing employees in efforts to chop prices.

Startups and VC

“A red-headed lady stands on the moon, her face obscured. Her bare physique appears to be like prefer it belongs on a poster you’d discover on a hormonal teenager’s bed room wall — that’s, till you attain her torso, the place three arms spit out of her shoulders,” Kyle and Amanda write in a narrative that has extra twists and turns than a mountain go.  AI is getting better at generating porn. We might not be prepared for the consequences, they ponder.

The remainder of our prime tales have much less nudity, but additionally much less arms rising the place they shouldn’t. We’ll name it a draw, we could:

Cease sensationalizing the ‘collapse’ of VC: Take a look at the information

Picture Credit: perrygerenday (opens in a new window) / Getty Pictures

For founders who wish to increase, it is a horrible time: It’s taking for much longer than it used to, and valuations are a lot decrease than just some months in the past.

For buyers, nevertheless, issues are settling again to earth, says Brian Walsh of WIND Ventures.

“The truth is that there was an unprecedented hype cycle in 2021, and what now we have seen for the reason that starting of 2022, objectively, is a ‘reversion to the imply’ in step with long-term developments.”

(TechCrunch+ is our membership program, which helps founders and startup groups get forward. You can sign up here.)

Huge Tech Inc.

To begin your weekend off proper, Zack has the 411 on a data breach over at Samsung, which apparently is the second such incident this yr. The corporate instructed Zack the breach occurred in late July and that buyer knowledge was compromised in early August, although wouldn’t get particular on what number of clients had been affected or why clients are actually simply being instructed.