Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.New research suggests that coders may overestimate the efficiency gains of using AI coding assistants, sparking a debate on the actual benefits of AI in coding. While some studies show that AI tools like GitHub Copilot can help developers focus more on coding and less on project management, others point out challenges such as the need to review and clean up AI-generated code. Researchers from Chinese AI startup ModelBest advocate for using multiple large language models in the software development process to improve results. The effectiveness of AI coding assistants may depend on how they are integrated into the development process.In other AI news, Nvidia CEO Jensen Huang announced that export restrictions on the company's H20 AI chip are easing, with deliveries set to resume. Meta plans to build massive AI-focused data centers to develop artificial general intelligence. OpenAI and Mistral will sign the EU Code of Practice for general-purpose AI, imposing reporting requirements on AI model developers. AWS is testing a new cloud service to make it easier to use third-party AI models after losing business to Google Cloud. A commentary by Jason Koebler questions the use of AI in news media, arguing that relying on AI to produce news efficiently is delusional and advocates for human-driven journalism.Pitchbook forecasts that North American VC assets under management (AUM) will grow by 38% in the next five years, which is slower than the previous five years. The increase in AUM is driven by VCs raising more capital and the growing number of VC firms. However, the current VC AUM is actually flat compared to 2021, and the market is resetting after a period of high valuations and capital influx. The future growth of VC AUM will depend on the exit environment, with liquidity and returns driving investor interest. Despite the importance of returns over AUM in the VC industry, a growing AUM indicates a strong market that can sustain increased investment in startups.Fortune's annual technology summit, Brainstorm Tech, is set for September 8-10 in Park City, convening technologists, executives, and investors to discuss pressing issues in the tech industry. Elon Musk's XAI has secured a $200 million contract with the Department of Defense, despite controversy surrounding its AI model. Amazon's Prime Day recap for 2025 omitted key sales metrics, sparking speculation about the event's success. Meanwhile, entrepreneur Alexa von Tobel is launching a new podcast aimed at resetting American ambition in the startup and venture capital space. Other tech news includes Cognition acquiring Windsurf, Tesla facing a federal jury over autopilot allegations, Meta potentially abandoning its open-source AI model, Apple rumored to release an iPhone Fold in 2026, and Nvidia resuming H20 AI chip sales to China.Amazon Web Services CEO Matt Garman discusses the company's recent advancements in AI, including the launch of an AI agent marketplace and a new IDE called Kiro. Despite lagging behind rivals in the past, Garman emphasizes the importance of focusing on customer needs and building a strong foundation for AI applications. He also highlights the massive opportunities in the AI space and the need for leaders to prioritize security and operational excellence. In other news, Trump is not done with Putin, with plans to continue discussions despite feeling misled by the Russian leader. Deutsche Bank warns of potential market collapse if Fed Chair Jerome Powell is fired, while UBS predicts Apple will launch a foldable iPhone priced between $1,800 to $2,400.The markets are up, with S&P 500 futures rising and Bitcoin sinking. Analysts from DeThanks for listening! Follow us on Twitter, Instagram and Linkedin
