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Here's the latest action:

Confidence is coming back among venture capitalists -- So says the Silicon Valley Venture Capitalist Index, which measures the mood among dozens of well-known VCs.

Facebook sued for click fraud -- RootZoo says its own analytics show discrepancies over how many Facebook users clicked on RootZoo's ads. Gawker says ad revenue up 35 percent -- First half revenue from ads was better than expected across Gawker's 19 blog properties, prompting chief Nick Denton to return to the policy of giving bonuses to writers for more page views. Hey, we're all for that!

Google adds location to Google Maps for the desktop -- Now Google Maps can figure out where you are, like when you're inside your own house, or maybe at a cafe with your laptop. Hmm, well, this location awareness technology sounds useful. But I kind of already know where I am.

What's in the next iPhone?

What's in the next iPhone? Patent applications suggest Apple is pursuing all sorts of ideas for future iPhones, like voice alteration, object recognition, face recognition and more.

New York Times may charge $5 a month for web viewing -- Here's a good plan to save newspapers. Charge money for web access. Sigh.

June numbers for web search usage -- SearchEngine Land delves into the latest market share numbers. Bing gains, sort of.

News Corp. playing it safe with its cash -- Murdoch says the company will hang on to cash until downturn ends.

TokBox lays off half of engineering team -- Founders have left the video chat company, which cut six of 12 engineers.

Borqs raises $17.4 million from Norwest -- The Chinese smartphone designer, which is creating Android-based phone designs for China Mobile, makes a trip to the treasure chest.