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Here's your TMB Tech Minute for Thursday, July 3rd.

I'm Katie Dayton for the Wall Street Journal.

The House narrowly passed President Trump's flagship tax and spending bill this afternoon to the benefit of some tech

stakeholders and the detriment of others. Chipmakers that break ground on new plants in the US will see

their tax credit increase and Silicon Valley investors will enjoy a bigger tax break from the qualified

small business stock provision. But the bill also ends subsidies for electric vehicle purchases

and leases, and it limits tax credits on renewable energy projects. A provision that would

have limited state-level regulation of AI was stripped from the bill earlier this week.

Meanwhile, across the pond, top European companies, including Mistrol and Airbus,

have asked the European Commission to delay the full enforcement of its new Artificial Intelligence Act for two years.

The companies, in a letter, said overlapping and complicated regulations in the block are hindering the EU's ability to become a leader in AI.

The EU has faced calls in recent weeks to reconsider its landmark AI rulebook, which entered into force last year.

And finally, the restaurant technology provider, Olo, is going private.

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