Theodore Schleifer / New York Times:
Sources detail Elon Musk’s role in Trump’s transition: Mar-a-Lago meetings, calls with world leaders, voicing support for Brendan Carr at the FCC, and more — He’s on the patio. He’s on the golf course. Everywhere Donald Trump looks, there is the world’s richest man.
Amazon launches Amazon Haul, a storefront on its app that promises “crazy low prices” on a range of items, to compete with Temu and Shein (Annie Palmer/CNBC)
Annie Palmer / CNBC:
Amazon launches Amazon Haul, a storefront on its app that promises “crazy low prices” on a range of items, to compete with Temu and Shein — Amazon has rolled out a new storefront featuring apparel, home goods, electronics and other items priced below $20, to fend off growing competition …
An interview with Microsoft Gaming CEO Phil Spencer, who says he won’t rule out any Xbox exclusive coming to PlayStation, discusses potential M&A, and more (Dina Bass/Bloomberg)
Dina Bass / Bloomberg:
An interview with Microsoft Gaming CEO Phil Spencer, who says he won’t rule out any Xbox exclusive coming to PlayStation, discusses potential M&A, and more — Phil Spencer is planning how to enter and partner in the handheld device and mobile-store markets
Super Micro delays another filing as it searches for a new accounting firm, saying it can’t file its 10-Q for Q3 2024, after failing to file its annual 10-K (Lynn Doan/Bloomberg)
Lynn Doan / Bloomberg:
Super Micro delays another filing as it searches for a new accounting firm, saying it can’t file its 10-Q for Q3 2024, after failing to file its annual 10-K — – Troubled server maker says it needs more time to find auditor — Firm has seen more than $50 billion in market value wiped out
PitchBook: tech as a percentage of total private equity deal value was 28.3% in Q3, up from 18.7% in Q2, as VC firms and tech startups turn to PE for liquidity (Steven Rosenbush/Wall Street Journal)
Steven Rosenbush / Wall Street Journal:
PitchBook: tech as a percentage of total private equity deal value was 28.3% in Q3, up from 18.7% in Q2, as VC firms and tech startups turn to PE for liquidity — Measured realism feels alien in the go-big-or-go-home world of tech, but it could have positive outcomes
Amazon recently told staff with disabilities that it was adding a more rigorous vetting process to approve working from home, as it moves to five days per week (Spencer Soper/Bloomberg)
Spencer Soper / Bloomberg:
Amazon recently told staff with disabilities that it was adding a more rigorous vetting process to approve working from home, as it moves to five days per week — New ‘multilevel leader review’ can take weeks and has prompted concerns that affected corporate workers will give up and quit.
Sources: OpenAI, Google, and Anthropic are all seeing diminishing returns from costly efforts to build new AI models; a new Gemini model misses internal targets (Bloomberg)
Bloomberg:
Sources: OpenAI, Google, and Anthropic are all seeing diminishing returns from costly efforts to build new AI models; a new Gemini model misses internal targets — Three of the leading artificial intelligence companies are seeing diminishing returns from their costly efforts to develop newer models.
How gambling apps are ravaging Brazil in the wake of legalization; Nubank reassured investors in September 2024 that it had limited exposure to troubled bettors (Bloomberg)
Bloomberg:
How gambling apps are ravaging Brazil in the wake of legalization; Nubank reassured investors in September 2024 that it had limited exposure to troubled bettors — The boom shocked policy makers who are now scrambling to control it — At the headquarters of the United Nations …
Bluesky says it has gained 1M+ users in the week since the US election, mostly in the US, the UK, and Canada, and now has 14.7M users in total (Callie Holtermann/New York Times)
Callie Holtermann / New York Times:
Bluesky says it has gained 1M+ users in the week since the US election, mostly in the US, the UK, and Canada, and now has 14.7M users in total — With one million new accounts added since the U.S. elections, Bluesky has solidified itself as an option for people looking to change their social media service.
Sources: top crypto executives are courting Bitcoin enthusiast and Trump transition co-chair Howard Lutnick; the industry is seeking to reshape the SEC and more (New York Times)
New York Times:
Sources: top crypto executives are courting Bitcoin enthusiast and Trump transition co-chair Howard Lutnick; the industry is seeking to reshape the SEC and more — As Bitcoin soars to record highs, cryptocurrency executives are maneuvering to influence Donald J. Trump’s transition and secure their policy goals.
