Tech Brew Ride Home Tue. 02/04 – Uncle Sam As A VC?
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Feb 4, 2025 Could the U.S. government be stepping into the venture capital scene? Economic tensions with China escalate as they retaliate against tariffs. A new app, Tapestry, aims to streamline social media interactions, while a mindful browsing solution by Opera could help users reduce doomscrolling. Meanwhile, Spotify celebrates its first year of profitability, showcasing a shift towards sustainable growth. All this and more paint a dynamic picture of tech and finance in today's world.
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US Sovereign Wealth Fund
- Trump signed an executive action to create a U.S. sovereign wealth fund.
- This fund could potentially be used for investments in various sectors and even facilitate a sale of TikTok U.S.
US-China Trade War
- The US-China trade war continues, with China probing Google for antitrust violations.
- China also considers investigating Intel and NVIDIA, potentially as leverage in trade talks.
Tapestry App Launch
- The Icon Factory, creators of Twitterific, launched Tapestry, a new app unifying social media and RSS feeds.
- Tapestry offers a chronological timeline, customization options, and privacy features for a monthly or one-time fee.