Plus more of TechCrunch's top stories this afternoon

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July 23, 2025

 

TechCrunch Top 3

Trump’s AI strategy trades guardrails for growth in race against China

Trump’s AI strategy trades guardrails for growth in race against China: The Trump administration published its much-anticipated AI Action Plan Wednesday, signaling a sharp shift away from former President Biden’s cautious approach to addressing the risks of AI, and toward a focus on speed, sovereignty, national security, and competing with China. Read More

Tesla profits pulled down by falling EV sales and regulatory credits: Tesla saw a 17% growth in its services business, but it was not enough to close the gap in falling EV sales, fewer regulatory credits, and a decline in solar and energy storage sales. Read More

Hundreds of organizations breached by SharePoint mass-hacks: One of the hacked organizations reportedly includes the U.S. agency responsible for maintaining the country's stockpile of nuclear weapons. China-backed hackers have been observed carrying out the hacks targeting SharePoint servers. Read More

A message from Pacaso

Major investors bet big on this “unlisted” stock

When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. No wonder well-known VCs who backed the likes of eBay, Venmo, and Uber already backed Pacaso. They’ve made $110M+ in gross profits to date by bringing co-ownership to a $1.3T market. They even reserved the Nasdaq ticker PCSO. And you can invest, too.

This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving the ticker symbol is not a guarantee that the company will go public. Listing on the Nasdaq is subject to approvals.

Learn More

Afternoon Must-Reads

Meta researchers are developing a gesture-controlled wristband that can interact with a computer

Meta researchers are developing a gesture-controlled wristband that can interact with a computer: The goal of this wristband is to provide less invasive tools to interact with computers for people with motor disabilities.  Read More

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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.

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Last but Not Least

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