Morning Brew - ☕ Hit the (smart) road

Michigan pilot project aims to make roads smarter.
August 02, 2024

Tech Brew

Grayscale Investments

It’s Friday. Sure, all the tech in cars is great, but what if the roads they traverse were smart, too? Tech Brew’s Jordyn Grzelewski checked out a pilot project in Michigan aiming to do just that.

In today’s edition:

Jordyn Grzelewski, Patrick Kulp, Annie Saunders

FUTURE OF TRAVEL

Communication is key

Road sign of a car icon and wifi symbol above. Anna Kim

What if your car could talk to the road?

Cavnue, a Washington, DC-based subsidiary of Alphabet’s Sidewalk Infrastructure Partners, hopes to answer that question with a pilot project it’s now conducting on a three-mile stretch of highway in Michigan.

Cavnue’s leaders see the potential for smart-road infrastructure to deliver safer, more accessible roadways. Tyler Duvall, the company’s co-founder and CEO, likened the advent of such technology to the buildout of the US interstate system in the 20th century.

“We think this digital transformation is as powerful an impact, potentially, as what happened with the interstate system,” he told Tech Brew. “So if we don’t take a more aggressive view as a country [on] supplying these technologies, we’re going to see a very uneven distribution of the benefits of automation in transportation.”

So far, Cavnue has gotten buy-in from state governments in Michigan and Texas. Duvall, who previously worked at the US Department of Transportation, hopes to see government play a more active role in supporting technology that will enable communication between infrastructure and the connected and automated vehicles that have become targets of massive investment by the automotive industry.

In Michigan, Cavnue recently unveiled the initial phase of the I-94 Connected and Automated Corridor. The company is billing it as a “first-of-its-kind smart-road deployment.”

Keep reading here.—JG

   

PRESENTED BY GRAYSCALE INVESTMENTS

Looking for Bitcoin? Look for BTC.

Grayscale Investments

BTC is not suitable for all investors. An investment in BTC is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. BTC is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”). As a result, shareholders of BTC do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act.

Ticker: BTC is the low-cost* Bitcoin fund from Grayscale that offers exposure to Bitcoin in your investment account—whether you use Fidelity, Robinhood, Schwab, or another platform.

Grayscale is the world’s largest crypto asset manager. They operate more publicly traded crypto funds than anyone else, and they have the longest track record of operating crypto funds in the industry. Investors have chosen Grayscale to access crypto in their portfolios for over a decade.

AI

Left Coast compliance

Binary code being enlarged by a digital magnifying display. Emily Parsons

A showdown is brewing over a California bill that could have big implications for how regulators treat generative AI models.

The Golden State’s Safe and Secure Innovation for Frontier Artificial Intelligence Models Act would add guardrails and require mandatory third-party audits for AI models above a certain cost and computing power threshold.

Amid vocal opposition from segments of the tech industry, the bill has cruised through committee hearings and state Senate approval with a final vote due by the end of August.

Beyond drawing lines for AI in the country’s most populous state—which also happens to be home to Silicon Valley—supporters hope and opponents fear that the law could set a precedent for other states and countries to follow, much like the EU’s recent passage of its AI Act or California’s landmark data privacy law, which passed in 2018. It also comes as efforts to legislate AI rules on Capitol Hill have stalled.

Who’s in what corner: Among the bill’s backers are so-called godfathers of AI, Geoffrey Hinton—who has been outspoken about the risk of AI since quitting Google last year—and Yoshua Bengio. AI safety groups including Encode Justice and the Center for AI Safety Action Fund are co-sponsoring the bill.

On the other side, the bill’s biggest detractors include the startup incubator Y Combinator and venture giant Andreessen Horowitz. The former, along with dozens of startup founders, sent an open letter to Wiener in June with a laundry list of concerns, as first reported by Politico.

Keep reading here.—PK

   

FUTURE OF TRAVEL

Hybrid hype

A Ford Maverick pickup truck on a city street. Ford

America’s hottest hybrid pickup truck is getting a facelift—or rather, all-wheel drive and a bigger screen.

Ford this week unveiled and will start taking preorders for the 2025 Maverick. The compact pickup truck, which has emerged as a hot commodity since it debuted in 2021, is slated to play a key role in the automaker’s electrification strategy.

In fact, Maverick is a prime example of the flexible approach to electrification that Ford has adopted amid a choppy transition to all-electric vehicles. Ford is emphasizing the power of choice as it offers a range of internal combustion engine, hybrid, and battery-electric options across its lineup.

“Few OEMs can offer a customer choice like Ford at our scale,” CEO Jim Farley said during the company’s Q2 earnings call. “Ford is No. 1 in our home market for internal combustion. We’re No. 2 in EVs…and we are the No. 3 hybrid brand in the US.”

Farley said that having “the right mix of fully and partially electric solutions” is one of the “success criteria” for EVs.

Keep reading here.—JG

   

TOGETHER WITH CAMUNDA

Camunda

Straight from the automation experts. Process orchestration pros are gathering from far and wide this fall. The CamundaCon NYC conference is back for another year of exclusive keynote speakers and breakout sessions from companies like Capital One, Intuit, and Atlassian. In-person tickets, which give you access to ~special~ sessions, are discounted until Sept. 9. Register today.

BITS AND BYTES

Stat: More than 400,000. That’s how many recalled products Amazon is legally responsible for, the Associated Press reported. The Consumer Product Safety Commission voted unanimously that “the e-commerce company was a ‘distributor’ of faulty items sold on its site and packed and shipped through its fulfillment service.”

Quote: “The whole thing is bleak. It takes the feel-good cliché of a child getting to interact with their idol and squishes a multimillion-dollar large language model between them.”—Caroline Mimbs Nyce, a staff writer at The Atlantic, on Google’s Olympics ad for its Gemini AI chatbot

Read: How the Kids Online Safety Act was dragged into a political war (the New York Times)

Get started with ticker: BTC. Visit etfs.grayscale.com/btc to learn more, or search for BTC on your investment platform today.*

*A message from our sponsor.

COOL CONSUMER TECH

Simone Biles performs during the 2024 Olympics in Paris. Naomi Baker/Getty Images

Usually, we write about the business of tech. Here, we highlight the *tech* of tech.

Log off, tune in: We are all dutifully behind the keyboard, doing our jobs, and definitely not watching Simone Biles perform incomprehensible feats to rack up gold medals. Right?

Lol of course not! We are 100% trotting away from our laptops to watch the best athletes in the world do their thing, and fresh data from Cloudflare confirms that we are indeed shirking responsibility to root for the home team.

Late last month, the digital services firm noted an uptick in phishing attempts associated with the games, and it’s now tracking drops in web traffic during performances and competitions. Some highlights? Web traffic plummeted 20% during Celine Dion’s performance during the Opening Ceremony. In the US, traffic dipped the most when Biles was onscreen, dipping as much as 6% after her floor routine and during her vault routine in the team final.

Spot the fake: Digital dupes, whether a voice or an image, stand to be a problem as the presidential election looms. What can a responsible voter do? Arm yourself with the knowledge you need to identify AI-generated fakery.

The Washington Post put together a helpful guide full of tips and tricks for spotting counterfeit candidates. Brush up—it’s gonna be a long 94 days.

JOBS

Forget generic job searches. CollabWORK leverages the power of community to connect you with relevant opportunities in Slack channels, Discord servers, and newsletters like Tech Brew. Land your dream job through the power of your network with CollabWORK.

SHARE THE BREW

Share Tech Brew with your coworkers, acquire free Brew swag, and then make new friends as a result of your fresh Brew swag.

We’re saying we’ll give you free stuff and more friends if you share a link. One link.

Your referral count: 2

Click to Share

Or copy & paste your referral link to others:
emergingtechbrew.com/r/?kid=303a04a9

✢ A Note From Grayscale Investments

*Low cost based on gross expense ratio at .15%. Brokerage fees and other expenses may still apply.

Please read the prospectus carefully before investing in the Trust.

Foreside Fund Services, LLC is the Marketing Agent for the Trust.

Investing involves significant risk, including possible loss of principal. The Trust holds Bitcoin; however, an investment in the Trust is not a direct investment in Bitcoin. As a non-diversified and single industry fund, the value of the shares may fluctuate more than shares invested in a broader range of industries. Extreme volatility, regulatory changes, and exposure to digital asset exchanges may impact the value of Bitcoin, and consequently, the value of the Trust. Digital assets are not suitable for an investor that cannot afford loss of the entire investment. There is no guarantee that a market for the shares will be available, which will adversely impact the liquidity of the Trust.

The value of the Trust relates directly to the value of the underlying digital asset, the value of which may be highly volatile and subject to fluctuations due to a number of factors. There is no certainty that an active trading market for shares will develop or be maintained which will adversely affect the liquidity of shares of the Trust.

         
ADVERTISE // CAREERS // SHOP // FAQ

Update your email preferences or unsubscribe here.
View our privacy policy here.

Copyright © 2024 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Older messages

☕️ Buffett-esque

Friday, August 2, 2024

Ackman's IPO implodes... August 02, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY LiquidPiston Good morning. The swimmer making the biggest splash in the pool at the Paris Olympics is

☕ Paint me like one of your french fries

Thursday, August 1, 2024

The artist behind those viral paintings of your favorite foods. August 01, 2024 Marketing Brew It's Thursday. And Meta is officially scrapping its celebrity AI chatbots. Our apologies to anyone who

☕ GOAT of confidence

Thursday, August 1, 2024

Athleta's national TV ad featuring Simone Biles. August 01, 2024 Retail Brew PRESENTED BY Bloomreach Hey there, it's Thursday. Heads-up if you've got a Gen Z child perpetually glued to

☕️ Oh dear, Google

Thursday, August 1, 2024

Why everyone's mad about Google's new ad... August 01, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY Elf Labs Good morning. Welcome to August, the month of brainstorming clever

☕ Pop off

Wednesday, July 31, 2024

Pop off July 31, 2024 Marketing Brew PRESENTED BY Impact.com It's the last day of July, and for retailers like Target, Home Depot, or West Elm, it's already spooky szn, according to New York

You Might Also Like

What A Day: Florida Yes Men

Tuesday, November 12, 2024

Donald Trump's cabinet picks are wild, but he's also chosen a few normies to lead his foreign policy. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

This soft-sided luggage is very cute

Tuesday, November 12, 2024

But is it a good suitcase? View in browser The Recommendation We tested Away's new soft-sided carry-on A photo of someone holding the handle of a soft-sided suitcase, next to a photo of someone

Bigotry Is Not the Answer to Donald Trump

Tuesday, November 12, 2024

Columns and commentary on news, politics, business, and technology from the Intelligencer team. Intelligencer 2024 election Bigotry Is Not the Answer to Donald Trump Post-election, liberals scramble

Wednesday Briefing: Trump’s team of loyalists

Tuesday, November 12, 2024

Plus, the new series “Say Nothing.” View in browser|nytimes.com Ad Morning Briefing: Asia Pacific Edition November 13, 2024 Author Headshot By Gaya Gupta Good morning. We're covering the latest on

Another cable news star goes the independent route

Tuesday, November 12, 2024

PLUS: Will the media experience another "Trump bump"? ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

We Were Built For This Moment

Tuesday, November 12, 2024

Here's how The Lever's team will be holding the powerful accountable in this new era of corruption — and what you can do to help. We Were Built For This Moment By The Lever • 12 Nov 2024 View

Let There Be Light

Tuesday, November 12, 2024

The Important Stuff, Western Sieve ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

☕ Gift guides, unwrapped

Tuesday, November 12, 2024

A PR expert's guide to landing brands on a gift guide. November 12, 2024 Marketing Brew presented by Amazon Ads It's Tuesday. After presumably consulting the Grinch, Saks Fifth Avenue is

Trump’s victory is a green light for genocide in Gaza

Tuesday, November 12, 2024

The slaughter we've witnessed over the past 13 months has been shocking to the conscience. But what comes next could be unimaginably worse. The founding charter of Benjamin Netanyahu's Likud

Amperity names new CEO | Starform raises $6M | Apple sets smart cam sights on Ring and Wyze 

Tuesday, November 12, 2024

We tried the 'Tomb Raider' escape room in Seattle ADVERTISEMENT GeekWire SPONSOR MESSAGE: Get your ticket for AWS re:Invent, happening Dec. 2–6 in Las Vegas: Register now for AWS re:Invent.