Techmeme
November 6, 2024, 9:15 PM

Top News

Annie Palmer / CNBC:
Sam Altman, Jeff Bezos, Tim Cook, Michael Dell, Satya Nadella, Sundar Pichai, Mark Zuckerberg, and other tech leaders congratulate Trump on his election victory  —  Leaders of major technology companies congratulated President-elect Donald Trump and Vice President-elect JD Vance on their victory …
Financial Times:
Elon Musk's gamble on Donald Trump pays off, as Trump wins the race; Trump gave Musk a lengthy shout out in his victory speech, calling him “a super-genius”  —  “A star is born: Elon,” said Donald Trump in a lengthy shout out to his biggest donor while claiming victory in the US presidential race on Wednesday morning.
Kevin Roose / New York Times:
What a Trump victory means for tech: antitrust woes die down, except for Google, TikTok survives, AI progress accelerates, social media shifts right, and more  —  Another Trump presidency will be good for crypto and Elon Musk, but every big tech company may not benefit from a more hands-off approach to antitrust.
Financial Times:
Ismail Shakil / Reuters:
Canada orders TikTok's business in the country to be dissolved, citing national security risks, and says it's not blocking Canadians' access to the app  —  Canada on Wednesday ordered Chinese-owned TikTok's business in the country to be dissolved, citing national-security risks …
David Yaffe-Bellany / New York Times:
Stand With Crypto: US voters elected 253 pro-crypto candidates to the House, compared to 115 anti-crypto candidates, and 16 pro-crypto Senate candidates  —  The spending spree fueled a string of victories on Tuesday for congressional candidates who had expressed support for cryptocurrencies.
MacKenzie Sigalos / CNBC:
The Block:
Kyle Wiggers / TechCrunch:
OpenAI acquired chat.com, which now redirects to ChatGPT; HubSpot co-founder Dharmesh Shah reportedly bought the domain, registered in 1996, for $15.5M in 2023  —  OpenAI bought Chat.com, adding to its collection of high-profile domain names.  —  As of this morning, Chat.com now redirects to OpenAI's AI-powered chatbot, ChatGPT.
Samuel Stolton / Bloomberg:
The European Commission opens an antitrust investigation into smartphone glass maker Corning for allegedly abusing its market dominance to squeeze out rivals  —  - EU fears deals with smartphone firms are anti-competitive  — Corning pressed to remedy EU concerns with concessions
Marc Hochstein / CoinDesk:
Donald Trump winning the US election vindicates Polymarket, Kalshi, PredictIt, and other prediction betting markets, which heavily favored Trump for months  —  Tuesday night's election returns were a shocker if you only watched CNN.  But not if you'd looked at the betting all along.
Bloomberg:
Zaheer Kachwala / Reuters:
Take-Two reports Q2 net bookings up 2% YoY to $1.47B, vs. $1.43B est., net revenue up 4% to $1.35B, and sells its Private Division label to an unnamed buyer  —  Take-Two Interactive Software (TTWO.O) beat Wall Street expectations for second-quarter bookings and profit on Wednesday …
Rebecca Bellan / TechCrunch:
Lyft partners with autonomous vehicle startup May Mobility to launch cars in Atlanta in 2025, and self-driving car company Mobileye and smart dashcam firm Nexar  —  It seems Lyft is hoping to catch up to Uber's string of autonomous vehicle partnerships.  —  Lyft announced Wednesday three …
Bloomberg:
Sources: Saudi Arabia plans a new AI project to rival the UAE's tech hub, backed by $50B to $100B to invest in data centers, startups, new talent, and more  —  - Entity would build on kingdom's efforts to emerge as AI hub  — PIF, Google AI partnership may serve as model for project
Ian King / Bloomberg:
Arm reports Q2 revenue up 5% YoY to $844M, vs. $810.9M est., royalty revenue up 23% to $514M, and forecasts Q3 revenue below estimates  —  - Midpoint of revenue range would fall short of estimates  — Shares slip in late trading following the release of earnings
Meir Orbach / CTech:
CrowdStrike agrees to acquire Tel Aviv-based Adaptive Shield, which offers cloud security for SaaS apps; sources say CrowdStrike will pay ~$300M for the company  —  The Israeli startup's solutions help security teams manage the organization's applications, identities, and detect unusual behavior within the SaaS ecosystem.

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Earlier Picks

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