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dot com slash Zero-Trust AI. Here's your T&B Tech Minute for Friday, August 16th. I'm Julie Chang for the Wall Street Journal.

Apple's Wald Garden is starting to come down, at least in Europe. The recent European Union law known as the Digital Markets Act forced the iPhone

maker to open up its app store to outside developers.

The law aims to boost competition.

Epic Games, the maker of Fort Knight, launched an alternative app store for iPhone users in Europe today.

And this week, Spotify began directing European users on its iOS music streaming app to the company's website to sign up for

subscriptions, something it wasn't previously permitted to do.

FinTech startup Revolute has agreed to sell employee-owned shares to investors at a $45 billion valuation.

The company says it's selling the shares to a group led by new shareholders, Co2 and D1 capital

partners, as well as existing investor Tiger Global.

Revolute hasn't disclosed the value of the shares to be sold.

The journal previously reported the plan to sell about $500 million of employee stock at a 45 billion dollar valuation.

The transaction establishes Revolute as the world's most valuable FinTech startup after Stripe.

And Electric Vehicle Maker Rivian Automotive says it temporarily suspended production of electric delivery vans used by Amazon.

A Rivian spokesperson said in a statement, the stall was due to a parts shortage, but that the company expects to recover all missed production.

For a deeper dive into what's happening in tech, check out Monday's Tech News Briefing Podcast.

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