Techmeme
November 6, 2024, 6:30 PM

Top News

Annie Palmer / CNBC:
Jeff Bezos, Sam Altman, Tim Cook, Sundar Pichai, Mark Zuckerberg, Satya Nadella, Michael Dell, 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:
Financial Times:
MacKenzie Sigalos / CNBC:
Republican blockchain entrepreneur Bernie Moreno defeats Senate Banking Chair Sherrod Brown in the Ohio Senate race; crypto PACs gave $40M+ to defeat Brown  —  Crypto fans are celebrating the results of the Ohio Senate race, where blockchain entrepreneur Bernie Moreno has defeated Senate …
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.
The Block:
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:
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 …
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 …
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.
Zoho:
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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
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

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Zoho:
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