More details emerge on how Windsurf’s VCs and founders got paid from the Google deal

Plus more of TechCrunch's top stories this afternoon

View this email online in your browser  August 01, 2025 TechCrunch Top 3 More details emerge on how Windsurf's VCs and founders got paid from the Google deal: VCs and founders took much of the $2.4 billion, but money was left for a payout to all employees, sources say. Read More Tesla partly liable in Florida Autopilot trial, jury awards $329M in damages: The jury verdict is one of the first major legal decisions about driver assistance technology that has gone against Tesla. Both Elon Musk and Tesla have spent years making claims about Autopilot's capabilities. Read More Nintendo raising original Switch console prices due to 'market conditions': Nintendo wouldn't say what the "market conditions" were, but likely reference President Trump's tariffs, which are increasing costs for U.S. consumers. Read More A message from TechCrunch Events Join 10,000 tech & VC leaders at Disrupt 2025 in Oct 250+ top tech voices. 200 sessions. 10,000+ attendees. 3 days straight — October 27–29 at Moscone West in San Francisco. Don't miss valuable takeaways across 6 industry stages, breakouts, roundtables, and unmatched networking. All at the 20th anniversary of TechCrunch Disrupt. Register now to save up to $675 on your ticket. Register Now Afternoon Must-Reads Google rolls out Gemini Deep Think AI, a reasoning model that tests multiple ideas in parallel: Google released its first publicly available "multi-agent" AI system, which uses more computational resources, but produces better answers. Read More OpenAI reportedly raises $8.3B at $300B valuation: The oversubscribed round came months ahead of schedule, and is part of OpenAI's strategy to raise $40 billion. Read More A backlog at the Commerce Department is reportedly stalling Nvidia's H20 chip licenses: News of a backlog at the U.S. federal department comes less than a week after national security experts urged the Trump administration to reverse its decision that allows Nvidia to export H20 chips to China. Read More Fundamental Research Labs nabs $30M+ to build AI agents across verticals: Fundamental Research Labs is releasing multiple AI products related to gaming and productivity. Read More Sex toy maker Lovense threatens legal action after fixing security flaws that exposed users' data: The internet-connected sex toy maker said it fixed the vulnerabilities that exposed users' private email addresses and accounts to takeovers, but said it was also planning to take legal action following the disclosure. Read More A message from TechCrunch Events Showcase your brand to 10,000+ tech leaders Get your brand in front of 10,000+ tech and VC leaders over three action-packed days at Disrupt 2025 this October. Boost your visibility, spark meaningful connections, and position your company at the forefront of innovation. Don't wait. Secure your exhibit space before your competitor beats you to it. Book Now Last but Not Least Amazon CEO wants to put ads in your Alexa+ conversations: Andy Jassy's description of an AI-generated ad that Alexa+ delivers in a multistep conversation, which could help users find new products, is uncharted territory for Amazon and the broader tech industry. Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2025 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107