Today, we are talking about Meta’s latest fines, what’s new in chips, and a few startup rounds that caught our eye!

• Stocks aren’t moving too much this morning, which could change if the American government voluntarily defaults over some bullshit. Crypto hasn’t moved too much lately, though we are keeping tabs on overall trading volume.
• Meta was hit with a record fine over how it handled EU user data. Data residency is a big deal and will likely crop up in future conversations concerning generative AI models and where they source their own data and from whom.
• China has banned some Micron products, irking the United States. The two economic powerhouses are working to distance themselves from one another in key technology areas. Elsewhere in chip-land, Applied Materials materials-silicon-valley.html">is investing in the United States and there are worker-shortage.html">labor concerns regarding the sheer number of chips projects kicking off here at home.
• Patient21 raised a massive round for its software-and-services healthcare business, while Infinite Uptime raised more money for its “predictive maintenance solutions for machinery.”

Whew! And that’s just the start! See you back here Wednesday for more!For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more!

Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.