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November 18, 2021, 12:30 PM
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| Manish Singh / TechCrunch: |
Paytm falls ~20% in its trading debut in India, giving it a market valuation of $14.9B, after raising $2.5B in its IPO — Indian fintech giant Paytm, backed by SoftBank and Alibaba, lost more than 27% in its first day of trading Thursday. The valuation of the firm, which raised $2.5 billion … | Omar Abdel-Baqui / Wall Street Journal: |
A look at some of the practical issues faced by ConstitutionDAO if they win the auction, such as how to pay, ownership, who picks it up, and where to display it — A group of friends in the cryptocurrency world are repurposing digital tools to make a run at a rare analog document up for auction Thursday
More:
New York Times, Decrypt, BBC, NBC News, Crypto News Flash, CoinDesk, and The Verge
Tweets: @coinbase, @constitutiondao, @carnage4life, @carnage4life, @kevinroose, @kwebbelkop, @chrismessina, @eladgil, @chaykak, @johnbattelle, and @mdudas
| Amelia Lucas / CNBC: |
Starbucks and Amazon partner to launch Starbucks Pickup with Amazon Go in Manhattan using Amazon's Just Walk Out tech — - Starbucks is opening a pick-up cafe in midtown Manhattan with Amazon that uses the retail giant's cashierless technology. — It's the latest step in Starbucks' strategy …
More:
Starbucks Newsroom, CNET, PCMag, Gizmodo, PYMNTS.com, The Verge, TechCrunch, CNN, Tamebay, Agence France-Presse, Forbes, CNN, and GeekWire
Tweets: @silviakillings, @mattyglesias, @jbarro, and @migold
| Aisha Malik / TechCrunch: |
Grammarly, which helps users improve their writing with its AI assistant, raises $200M at a $13B valuation — Grammarly, the popular auto-editing tool for writing, has raised $200 million in funding at a $13 billion valuation from new investors including Baillie Gifford and funds and accounts managed by BlackRock, among others.
More:
Bloomberg, VentureBeat, CNBC, Coinspeaker, Grammarly Blog, Silicon Republic, and Silicon Canals
Tweets: @jfslowik, @jeffnolan, @clemnt, @pjozefak, @danprimack, @ms_zamandlovu, @pt, @campuscodi, @ncsh, and @markdistef
| Will Evans / Wired: |
Internal docs and sources detail Amazon's careless handling of its retail customer data, including letting some low-level staff snoop on celebrity purchases — Voyeurs. Sabotaged accounts. Backdoor schemes. For years, the retail giant has handled your information less carefully than it handles your packages.
More:
Insider. Tweets: @glichfield, @shiraovide, @thalassa_gray, @brbarrett, @lilyhnewman, @nicklucchesi, @chengela, @a_greenberg, @wired, @juokaz, and @hypervisible
| Michael del Castillo / Forbes: |
Winklevoss' cryptocurrency exchange Gemini raises $400M led by Morgan Creek Digital at a $7.1B valuation — After seven years of funding their Gemini cryptocurrency empire out of pocket, Tyler and Cameron Winklevoss are in the process of signing the last documents on their first round of capital …
More:
Bloomberg, Blockworks, and CoinDesk
Tweets: @chris_skinner, @katie_roof, @thestalwart, @mikulaja, @randalllane, and @alex
| Sarah Perez / TechCrunch: |
Spotify expands real-time lyrics to all users globally in partnership with Musixmatch, after initially launching in 26 markets — After years of ignoring consumer demand for in-app lyrics, particularly in the U.S., Spotify announced today it will make a new Lyrics feature available to all global users …
More:
Spotify, 9to5Google, BetaNews, XDA Developers, The Verge, 9to5Mac, Appleosophy, iPhone in Canada Blog, CNET, iDownloadBlog.com, Digital Trends, Gizmodo, TechSpot, iMore, Engadget, Fast Company, and Variety
Tweets: @eldsjal, @spotifynews, and @mehedih_
| Coco Liu / Bloomberg: |
Alibaba misses with Q2 sales of $31.4B, up 29% YoY but below $32.1B estimates, as net income reached $846M — - Outlook fell short as quarterly sales numbers missed estimates — China's e-commerce leader struggling with slowing consumption — Alibaba Group Holding Ltd. slashed …
More:
Tech in Asia, Finextra, Financial Times, Wall Street Journal, CNBC, South China Morning Post, and ZDNet
| Bryan Walsh / Axios: |
OpenAI makes the API for GPT-3 generally available in supported countries — The artificial intelligence research company OpenAI will eliminate the waiting list for access to the API of its natural language processing program (NLP) GPT-3. — Why it matters: The move will accelerate access … | Bloomberg: |
Q&A with AWS CEO Adam Selipsky on plans for sector-specific products, such as for healthcare or telecoms, a shift from Jassy's one-size-fits-all approach — In an interview with Bloomberg TV, Adam Selipsky says a new push to build targeted cloud services for the healthcare … | Igor Bonifacic / Engadget: |
Nreal says its Light mixed reality glasses will launch in the US for $599 on November 30 in 20 Verizon stores and online December 2 — After debuting in Korea last year, Nreal's Light mixed reality glasses are finally making their way to the US. Starting on November 30th …
More:
The Verge, VentureBeat, Tom's Hardware, UploadVR, CNET, and XDA Developers
| Daniel Howley / Yahoo Finance: |
Nvidia beats with record Q3 revenue of $7.1B vs. $6.82B estimated, up 50% YoY, Gaming revenue of $3.22B, up 42%, and Data Center revenue of $2.94B, up 55% — Nvidia (NVDA) reported its Q3 earnings after the bell on Wednesday beating analysts' predictions on the top and bottom line as revenue jumped 50% year-over-year.
More:
Nvidia, HotHardware.com News, ZDNet, The Register, TechSpot, VentureBeat, CNBC, MarketWatch, Cointelegraph, Wccftech, Investor's Business Daily, Wall Street Journal, CNBC, and Reuters
Tweets: @skundojjala, @skundojjala, @stshank, @jtourzan, and @stedavies
| Ron Miller / TechCrunch: |
Kandji, which offers tools for managing Apple devices remotely, raises a $100M Series C led by Tiger Global at an $800M valuation, bringing funding to $188M+ — Kandji, the startup building an Apple device management business, has been doing pretty well for itself with rapdily growing revenue …
More:
9to5Mac, VentureBeat, GlobeNewswire News Room, SiliconANGLE, and iMore
| Katie Roof / Bloomberg: |
Farmers Business Network, which makes software for the agricultural industry, raises $300M Series G at a $4B valuation and says it could go public next year — - Farmers Business Network could go public next year, CEO says — Fidelity-led financing raises $300 million for expansion
More:
Wall Street Journal and KPOB-TV
| Stefanie Marotta / Bloomberg: |
Canada arrests a teenager for allegedly stealing $36.5M in crypto from a US victim using SIM swapping, the largest reported single-person crypto theft — - Case marks the biggest crypto theft reported by one person — Police identified the alleged thief through a gaming username
More:
Hamilton Police, CTV News, PCMag, Engadget, Decrypt, CBC News, Globe and Mail, financialpost, Toronto Sun, Newser, MobileSyrup, and CoinDesk
Tweets: @stefaniemarotta, @s_m_i, and @thegrugq
| Paul Sawers / VentureBeat: |
Stytch, which is building APIs for passwordless authentication, raises a $90M Series B at a $1B valuation led by Coatue, following a $30M Series A in July — Compromised passwords are responsible for some 80% of all data breaches, according to some estimations, leading to a mass industry-wide push …
More:
TechCrunch, Not Boring by Packy McCormick, and Insider
| Kyle Wiggers / VentureBeat: |
Lacework, which offers automated cloud security tools for containers and more, raises $1.3B led by Tiger Global and others at an $8.3B post-money valuation — Lacework, a developer of automated containerized workload defense and compliance solutions, today announced that it closed …
More:
CRN, Silicon Valley Business …, Reuters, ZDNet, SiliconANGLE, Lacework, SecurityWeek, Total Telecom, and Tech News
| Nilay Patel / The Verge: |
Q&A: Brian Chesky on how he restructured Airbnb during the pandemic, running a public company, crypto, the metaverse, working with Jony Ive's LoveFrom, and more — Airbnb CEO Brian Chesky prides himself on thinking very differently than other CEOs, and his answers to the Decoder questions … | Brian Heater / TechCrunch: |
nTopology, which makes software for designing and manufacturing 3D-printed parts, raises a $65M Series D led by Tiger Global, bringing total funding to $135M — Software for hardware design is all the rage in the VC funding world these days. Following recent rounds from Flux and Bild …
More:
VentureBeat, AlleyWatch, PR Newswire, and SiliconANGLE
| Frederic Lardinois / TechCrunch: |
Cortex, which helps development teams manage microservices architecture, raises a $15M Series A led by Tiger Global and Sequoia Capital — Cortex, a startup that helps engineering teams get improved visibility into the Rube Goldberg machine that is their microservices architecture and improve … | Mike Colias / Wall Street Journal: |
Ford partners with GlobalFoundries to develop chips, but offers few concrete details — The auto maker and GlobalFoundries agree to develop, potentially produce semiconductors in U.S. under strategic pact — Ford Motor Co. is looking to get into the semiconductor business …
More:
Ars Technica, Engadget, GlobalFoundries Newsroom, Bloomberg, Washington Post, Financial Times, Automotive News, Reuters, and CNBC
Tweets: @rycon, @lisaabramowicz1, @jimfarley98, and @jeffnolan
| Ian Sherr / CNET: |
Apple announces Self Service Repair, a program starting next year that will publish repair manuals, let customers buy parts and tools, and more — The tech giant says it will publish repair manuals and allow everyday customers to buy the same parts and tools certified technicians and repair shops use.
More:
The Verge, iFixit News, Daring Fireball, The Verge, TechCrunch, Right to Repair Europe, Financial Times, ZDNet, 9to5Mac, techadvisor.com, iMore, TechRepublic, The Loop, San Francisco Business Journal, MUO, Gizchina, Laptop Mag, TechCircle, Silicon Republic, 9to5Mac, Apple Newsroom, BGR India, news.com.au, Marques Brownlee/YouTube, MacRumors, Wall Street Journal, Rene Ritchie/YouTube, PYMNTS.com, Associated Press, CNBC, CNN, and BetaNews
Tweets: @kwiens, @fredericjacobs, @kwiens, @ifixit, @repaircoalition, @tomwarren, @nproctor, @nproctor, @nproctor, @harrymccracken, @stellafudge, @nproctor, @donie, @viticci, @samifathi_, @stellafudge, @jonyiveparody, @stewartbrand, @nproctor, @lukemiani, @anildash, @snazzyq, @alexlindsay, @stellafudge, @timsweeneyepic, @lukemiani, @can, @shiraovide, @stellafudge, @normative, @thisisnoahevans, @tim_stevens, @snazzyq, @mkbhd, @backlon, @russellbrandom, @kcimc, @themadstone, @kwiens, @mattophobia, @stroughtonsmith, @rdrv3, @rdrv3, @joannastern, @fightfortheftr, @aperzanowski, @ihnatko, @weeabob, @siracusa, @harrymccracken, @jordannovet, @matthewstoller, @jason_koebler, @jason_koebler, @iancutress, @mkbhd, @asymco, @higgyc, @dlberes, @dcseifert, @nproctor, @dlberes, @snubs, @benedictevans, @joannastern, @every_daydad, @psythor, @maxwinebach, @counternotions, @masonpelt, @martinsfp, @alexhern, and @jamesliamcook. Thanks:@iansherr
| Ron Miller / TechCrunch: |
Comet, which provides tools for data scientists and others to build ML models, raises a $50M Series B led by OpenView, bringing its total funding to almost $70M — As machine learning becomes a more integral part of running businesses, the model-building process still requires iteration and experimentation.
More:
insideHPC
| Steven Musil / CNET: |
Twitter and S&P Dow Jones launch S&P 500 Twitter Sentiment Index, using Twitter's API to analyze bearish and bullish tweets in real time — The S&P 500 Twitter Sentiment Index will monitor tweets to score public sentiment about publicly traded companies.| Mark Gurman / Bloomberg: |
Cher Scarlett, a leader of #AppleToo, is leaving Apple and will withdraw her NLRB complaint after reaching a settlement — Cher Scarlett, an Apple Inc. employee who created a protest movement within the company over pay transparency and other workplace issues, is leaving the iPhone maker after reaching a settlement.
More:
Gizmodo, iPhone in Canada Blog, The Verge, iThinkDifferent, Engadget, iMore, MacDailyNews, CNET, and AppleInsider
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