Did TikTok overplay its hand yesterday? The potential legislation against them is suddenly moving quickly. How Temu might be single handedly responsible for the tech advertising turnaround. More drama behind the whole Sam Altman ouster business. And, of course, the weekend longreads suggestions.

Links:

• Furious Congress plows forward with TikTok bill after user revolt (Axios)
• China Readies $27 Billion Chip Fund to Counter Growing US Curbs (Bloomberg)
• Temu’s Push Into America Pays Off Big Time for Meta and Google (WSJ)
• Key OpenAI Executive Played a Pivotal Role in Sam Altman’s Ouster (NYTimes)

Weekend Longreads Suggestions:

• The Nvidia Chips Inside Powerful AI Supercomputers (WSJ)
• Amid explosive demand, America is running out of power (Washington Post)
• How Netflix’s Massive Paydays, COVID and TikTok Caused ‘Explosion of Comedians’ (Variety)

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