Zaheer Kachwala / Reuters:
Grab reports Q3 revenue up 17% YoY to $716M, vs $700.8M est., a $15M profit, and raises its forecast for fiscal 2024 revenue; GRAB jumps 10%+ after hours — Singapore’s Grab Holdings (GRAB.O) raised its forecast for fiscal 2024 revenue on Monday, as it anticipates robust growth in its food delivery and ride-hailing businesses.
Ilya Sutskever says “we’re back in the age of wonder and discovery” as AI companies focus on pre-training, inference improvements, and finding the “next thing” (Reuters)
Reuters:
Ilya Sutskever says “we’re back in the age of wonder and discovery” as AI companies focus on pre-training, inference improvements, and finding the “next thing” — Artificial intelligence companies like OpenAI are seeking to overcome unexpected delays and challenges …
The NYT says the Tech Guild is ending its strike after a weeklong stoppage; during the strike, dozens of tech workers crossed the picket line (Lucia Moses/Business Insider)
Lucia Moses / Business Insider:
The NYT says the Tech Guild is ending its strike after a weeklong stoppage; during the strike, dozens of tech workers crossed the picket line — New York Times tech workers are ending their strike after a weeklong stoppage. — The strike aimed to disrupt election coverage but had limited impact on the Times’ operations.
Sources: more than a year before the election, TikTok execs revamped moderation rules and trust and safety staff to make TikTok more appealing to Trump fans (The Information)
The Information:
Sources: more than a year before the election, TikTok execs revamped moderation rules and trust and safety staff to make TikTok more appealing to Trump fans — More than a year before Donald Trump’s landslide victory in last week’s presidential election, TikTok’s top leaders insisted …
LG Display shows off a stretchable display prototype that can expand by up to 50%, more than doubling the previous record of 20% elongation (Jowi Morales/Tom’s Hardware)
Jowi Morales / Tom’s Hardware:
LG Display shows off a stretchable display prototype that can expand by up to 50%, more than doubling the previous record of 20% elongation — This stretchable display unlocks an infinite number of possibilities. — LG Display, one of the global leaders in display technologies …
Apple adds Share Item Location to iOS 18.2 public beta, letting users share a link with the location of AirTags or Find My accessories with airlines and others (Emma Roth/The Verge)
Emma Roth / The Verge:
Apple adds Share Item Location to iOS 18.2 public beta, letting users share a link with the location of AirTags or Find My accessories with airlines and others — Apple will now let you share the location of a lost AirTag with other people. The Find My feature, called Share Item Location …
Bitcoin touches a record-high $85K, adding almost $20K in a week; Tesla is up 7%+ today, while Meta, Apple, Nvidia, Amazon, and Microsoft are down slightly (James Van Straten/CoinDesk)
James Van Straten / CoinDesk:
Bitcoin touches a record-high $85K, adding almost $20K in a week; Tesla is up 7%+ today, while Meta, Apple, Nvidia, Amazon, and Microsoft are down slightly — Gold and most of the so-called magnificent seven tech stocks are down on the day. — Bitcoin touched a record-high $85,000 …
Argentina-based Ualá, which offers financial services to 8M users, raised a $300M Series E led by Allianz X at a $2.75B valuation, up from $2.45B in August 2021 (Bloomberg)
Bloomberg:
Argentina-based Ualá, which offers financial services to 8M users, raised a $300M Series E led by Allianz X at a $2.75B valuation, up from $2.45B in August 2021 — – Allianz, Soros, others put $300 million into fintech company — Country’s largest startup eyes expansion, eventual IPO
Sources: the US plans to support a controversial cybercrime treaty at the UN this week despite concerns that it could be misused by authoritarian regimes (Jamie Tarabay/Bloomberg)
Jamie Tarabay / Bloomberg:
Sources: the US plans to support a controversial cybercrime treaty at the UN this week despite concerns that it could be misused by authoritarian regimes — – Critics fear it could be misused by authoritarian countries — Agreement would help pursuit of cybercriminals, official says
11x, which makes AI bots that help salespeople with common tasks, raised $50M led by a16z at a $320M valuation, after raising a $24M Series A in September 2024 (Bloomberg)
Bloomberg:
11x, which makes AI bots that help salespeople with common tasks, raised $50M led by a16z at a $320M valuation, after raising a $24M Series A in September 2024 — Artificial intelligence-powered sales startup 11x has raised $50 million in a new funding round led by Andreessen Horowitz …
