Mackenzie Hawkins / Bloomberg:
Sources: TSMC and GlobalFoundries have finished negotiating agreements for billions of dollars in grants and loans under the CHIPS Act to support US factories — – US officials look to announce agreements in coming weeks — Biden team is racing to get Chips Act money out the door
CRM software maker Freshworks plans to cut 13% of its workforce, or 660 employees, after reporting Q3 revenue up 22% YoY to $186.6M, vs. $181.6M average est. (Jaspreet Singh/Reuters)
Jaspreet Singh / Reuters:
CRM software maker Freshworks plans to cut 13% of its workforce, or 660 employees, after reporting Q3 revenue up 22% YoY to $186.6M, vs. $181.6M average est. — Freshworks (FRSH.O) raised its annual revenue and profit forecasts on Wednesday after upbeat third-quarter results …
Perplexity’s US election hub offered helpful, real-time election insights and maps on November 5, linking to reliable resources and providing historical context (Maxwell Zeff/TechCrunch)
Maxwell Zeff / TechCrunch:
Perplexity’s US election hub offered helpful, real-time election insights and maps on November 5, linking to reliable resources and providing historical context — On Tuesday, two AI startups tried convincing the world their AI chatbots were good enough to be an accurate …
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 (Zaheer Kachwala/Reuters)
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 …
Australia plans to introduce legislation that would ban children under 16 from using social media, not exempting those already with accounts or parental consent (Maani Truu/ABC)
Maani Truu / ABC:
Australia plans to introduce legislation that would ban children under 16 from using social media, not exempting those already with accounts or parental consent — In short: — Social media users under the age of 16 are set to be barred from using social media, under legislation expected to be introduced to parliament this month.
JPMorgan rebrands its Onyx blockchain unit as Kinexys and plans to add on-chain foreign exchange capabilities as early as Q1 2025, starting with USD and EUR (Krisztian Sandor/CoinDesk)
Krisztian Sandor / CoinDesk:
JPMorgan rebrands its Onyx blockchain unit as Kinexys and plans to add on-chain foreign exchange capabilities as early as Q1 2025, starting with USD and EUR — The banking giant was one of the early leaders in applying blockchain tech to traditional financial activities …
Bumble reports Q3 revenue down 0.7% YoY to $273.6M, vs. $271.9M est., its first quarterly sales drop since going public in 2021, and 4.3M total paying users (Priyanka.G/Reuters)
Priyanka.G / Reuters:
Bumble reports Q3 revenue down 0.7% YoY to $273.6M, vs. $271.9M est., its first quarterly sales drop since going public in 2021, and 4.3M total paying users — Bumble (BMBL.O) posted on Wednesday its first decline in quarterly sales since going public in 2021 and said that it would take longer …
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 (Meir Orbach/CTech)
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.
Canada orders the windup of TikTok’s Canadian business citing national security risks, and says it’s not blocking Canadians’ access to the app (Reuters)
Reuters:
Canada orders the windup of TikTok’s Canadian business citing national security risks, and says it’s not blocking Canadians’ access to the app — Canada on Wednesday ordered the wind up of TikTok’s business in the country citing national security risks, but added the government …
DJI announces the $229 Goggles N3 for its FPV drones Neo and Avata 2, with a 1080p screen, a 54-degree field of view, and a defogger, available later this month (Adrian Kingsley-Hughes/ZDNET)
Adrian Kingsley-Hughes / ZDNET:
DJI announces the $229 Goggles N3 for its FPV drones Neo and Avata 2, with a 1080p screen, a 54-degree field of view, and a defogger, available later this month — ZDNET’s key takeaways … I’ve been flying drones for a couple of decades, and for most of that time, I’ve been looking at a screen.
