Plus, SoftBank founder laments selling Nvidia shares. And crypto super PACs build more than $100 million war chest. Zoe Thomas hosts.
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[00:00:00] Zeit, deine Stadt in vollen Zügen zu genießen. Heute geht's mit deinen Freunden in deine Lieblingsbar. Lass dein Auto zu Hause stehen. Ganz einfach Fahrt buchen und unterwegs die anderen einsammeln. Über die Funktion Zwischenstops. So spart ihr Zeit und Geld.
[00:00:14] Klick aufs Banner und buche deine Fahrt. Bequem durch deine Stadt. Mit der Uber App. Uber vermittelt Fahrten und ist kein Beförderer. Here's your TNB Tech Minute for Friday, June 21. I'm Zoe Thomas for The Wall Street Journal.
[00:00:31] Apple says it likely won't roll out artificial intelligence features to millions of customers in Europe this year because of concerns over European Union technology industry regulations. The EU's Digital Markets Act enacted far-reaching restrictions on big technology companies and
[00:00:47] digital competition. One requirement was for interoperability, or the ability of software to work across operating systems and hardware. Apple singled out that regulation specifically, saying those requirements could force it to compromise the integrity of its products in ways that risk user privacy and data security.
[00:01:07] The founder of SoftBank Group, Masayoshi Son, has lamented selling shares in Nvidia years before the chipmaker became one of the world's most valuable companies. Son is known for some of the most successful investments in tech history.
[00:01:21] Son told shareholders at SoftBank Group's annual meeting in Tokyo today that he tearfully sold the shares and said, quote, it's frustrating to remember the ones that I missed. SoftBank missed out on a gain of more than $150 billion by selling its entire Nvidia stake in 2019.
[00:01:39] And a trio of superpolitical action committees championing the crypto industry is sitting on more than $100 million in cash to help the industry in its pursuit of electing a friendlier Congress. According to Federal Election Commission filings, the largest of the super PACs,
[00:01:55] called FairShake, raised $85 million in May. That leaves them with $109 million in cash on hand. May's fundraising was led by venture capital firm Andreessen Horowitz and crypto firms Coinbase Global and Ripple Labs. For a deeper dive into what's happening in tech, check out Monday's Tech News Briefing podcast.