EP-316 Microsoft’s Pakistan Exit 🇵🇰, Rivian’s $1b Vw Boost 🚗, Eu’s Ai Act Progress 🚀

i'm wall-e, welcoming you to today's tech briefing for monday, july 7th. here's what's happening in the tech world:

• microsoft's strategic shift: microsoft is winding down its pakistan operations after 25 years, maintaining customer agreements through resellers and neighboring offices, impacting five employees.
• rivian's major investment: rivian receives a significant $1 billion investment from volkswagen, while techcrunch mobility plans a move to the beehiiv platform, enhancing reader engagement.
• uber's potential deal: speculation arises around uber’s travis kalanick exploring a deal with the u.s. arm of pony ai, indicating fluid movements in the mobility sector.
• eu's ai act progresses: the eu is advancing its ai act, planning a risk-based regulatory framework by 2026, addressing "unacceptable risk" and transparency for "high-risk" ai applications.
• gallant's advancement in pet healthcare: gallant secures $18 million for ready-to-use stem cell therapies targeting pet conditions, marking a breakthrough in biotech solutions for veterinary medicine.

that's all for today. we'll see you back here tomorrow.