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Editor: Alex Pleasants

It’s back. The Vaizey View podcast. On the latest episode, Ed sits down for a chat with Kai-Fu Lee - chair and CEO of deep tech VC Sinovation Ventures, former president of Google China, and all-round AI guru. A brilliant episode exploring the advantages and pitfalls of a future world built on AI.  

And it’s the final episode of Break Out Culture before their summer break
(don’t worry. It’ll be fine) recapping their fave conversations of the last year. 

 Government Stuff 

£273m of funding has been announced to help propel aerospace innovation to infinity and onwards after that.  

The UK will not ban video game loot boxes despite a government consultation finding links to problem gambling. 

An Office for AI-commissioned report from the Turing Institute calls for greater coordination between regulators when it comes to the use of AI. 

The UK and US governments have launched prize challenges to boost privacy-enhancing technologies
(aka. PETs, woof) to combat global challenges. 

£4m is to be granted by DCMS to tourist boards to attract more visitors and investment.  

A new APPG for Music report is calling for the government to appoint a ‘touring tsar’ to help British artists overcome Brexit touring hurdles #BluePassports 

The Lords Comms Committee has released a new report on the future of BBC funding, suggesting alternatives including a means-tested household levy. 

DCMS wants your views on the future of compute. Let them know between now and 5th August. Think web3-enabled potato peelers, etc.  

 Culture Stuff 

Arts & Culture 
Full-time earnings for permanent staff working in the arts are failing to keep up with inflation, according to the latest ArtsPay Survey.  

Arts Council England has updated its delivery plan to include a commitment to developing the use of arts and culture in social prescribing.  

Auction house Christie’s has launched a VC arm focused on investing in tech in the art world. 

Two new papers from the Creative PEC addressing the evidence gap around the value and challenges of international trade for the creative sector.  

Leicester is now home to Europe’s tallest street art: a whopping 82m piece on the side of a tower block.  

Unlikeliest crossover of the year but we are HERE for it. The National Gallery and Roblox are teaming up on a new kids’ game for aspiring museum keepers.  


Design 
Roll up, roll up. It’s the shortlist for this year’s RIBA Stirling Prize.  

Up-and-coming design duo Prince Charles and Sir Jony Ive chat to Wallpaper about designing for a better world.  

New Frank Gehry-designed skyscrapers have opened in Los Angeles. Gehry nice.  


Theatre & Dance 
The West End is getting its first purpose-built theatre in 50 years this autumn.  

The Phantom of the Opera (aka. 歌剧魅影) is to be performed in Mandarin for the first time in China from 2023.  


Museums  
It got SO HOT this week that the V&A and British Museum had to close. That’s how you know it’s bad.  

Press, Books & Libraries 
TikTok was the UK’s fastest growing news source over the past two years, according to Ofcom. 

The Guardian has reported its first cash surplus in a generation and its biggest revenue since 2008. 

Michelle Obama’s got a new book coming this autumn and it’s a ‘toolbox to stay centred’.  


Exhibitions and Events  
More than 200 galleries will exhibit at Frieze London and Frieze Masters in October. Brrrr. 

Liverpool Everyman & Playhouse has announced the first programme of work under new creative director Suba Das. Here he is chatting about it.  

Netflix has lost 1.2 million American subscribers in Q2… Is the OG streaming service struggling to compete in the streaming wars? Kindred Media ponders

Market volatility has many companies concerned with their growth. This handy infographic breaks down where CEOs stand on growth in 2022.  

 Creative Industries & Tech Stuff 

Film & TV 
Revenues at Channel 4 have topped £1 billion for the first time, according to its latest annual report. Best get rid of it in that case.  

A new report from the BFI outlines the fragile future for UK independent film and calls for an increase in film tax relief.  

The BBC is getting rid of BBC News and BBC World News and replacing them both with one called BBC News. I see what they did there.  

Channel 4 has also unveiled a new code aiming to strengthen the portrayal of disabled people on screen. 

Netflix only lost a million subscribers this quarter when they expected to lose 2 million. So, a win? I guess?  


Music & Radio 
British music exports grew 13.7% to a new high of £590.8m in 2021, according to BPI stats.  

GALILEO! Queen have just broken a UK chart record by selling 7 million copies of their greatest hits album. Will take quite a lot to stop them now.  

Warner Music has become the first major to strike a deal with SoundCloud enabling musicians to be paid based on the total number of users streaming. Pretty big.  

Duran Duran are to headline the opening ceremony of next month’s Commonwealth Games in their hometown of Birmingham. Not sure I can make it but save a prayer. 


Gaming 
The first half of 2022 has seen more than 651 M&A or investment deals for games companies totalling $107bn.  

Minecraft has said a firm ‘no’ to NFTs on its gaming platform.  


Tech & Telecoms 
Twitter has got itself a fast-tracked trial over the ‘on-off-on-off’ $44bn takeover deal with Elon Musk. Popcorn, please.  

Google has paused all hiring for two weeks, with Microsoft and Apple also easing up on bringing on new employees. 

Apple has agreed to a $50m settlement over defcctivveee keyyboooardddss. 

Tesla has flogged most of its Bitcoin holdings, which were worth $2bn at the end of 2021. Not now though. Buy high! Sell low! Listen to me, guys!   

Chinese ride-hailing giant Didi has been fined a very chilled $1.2bn after breaching cybersecurity laws.  

Microsoft has unveiled a simulator which will allow firms to train drones without risking crashes.  

But watch out! An anti-drone laser weapon hub is being created in Scotland. Zzzpppppp.  

Snapchat has launched a web version to use on so-called ‘desktop personal computers’.  

Cool Hunting with a first glimpse at what stealthy Silicon Valley start-up Humane has been working on.  

In a move which has absolutely nothing to do with TikTok so just stop asking, Instagram is making EVERY video on its platform a Reel.  

Baidu has unveiled a new self-driving taxi in China which “has the road skills of a driver with 20 years' experience”. Clearly never been in a car with my Nan. 

The world is burning but we’re getting new emojis of a goose and a shaking head so it’s all good. 

 Appointments & Movers 

Ilan Gur and Matt Clifford have been appointed as CEO and chair of the new Advanced Research and Invention Agency; Former Sky Studios exec Jane Millichip has been appointed CEO of BAFTA; Evening Standard acting editor Charlotte Ross is leaving the paper after 16 years; Paulette Long is the new chair of the Music Publishers Association; Maria Raga is stepping down as CEO of Depop after 8 years; Vanessa Eke has been elected chair of Kids in Museums; Lindsay Salt will be the BBC’s new director of drama; Selladoor Worldwide has appointed Andrew Shepherd as its new exec director 

One for you? Turner Contemporary is looking for a new chair; Paintings in Hospitals is after for a new chair, too; the APPG for Creative Diversity is looking for a post-doc researcher to join the latest project on creative education 

Ed Stuff

Appeared on Portland’s podcast talking tech regulation and opportunities for tech growth; told the Conservatives in Comms reception about when he was sacked; reviewed Andrea Leadsom’s new memoir for The House Mag 

...And Finally

The Chainsmokers are set to be the first musicians to play on the edge of space. Don’t they have a song called Don’t Let Me Down? …Gulp.   

Hola. Welcome to Ibiza Airport. Please place your phone, wallet, keys, liquids under 100ml and contraband original Picasso artwork in the trays provided. Gracias. 

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