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.
Lyft reports Q3 revenue up 32% YoY to $1.52B, vs. $1.44B est, gross bookings up 16% to $4.1B, forecasts Q4 gross bookings above est.; LYFT jumps 20% after hours (Akash Sriram/Reuters)
Akash Sriram / Reuters:
Lyft reports Q3 revenue up 32% YoY to $1.52B, vs. $1.44B est, gross bookings up 16% to $4.1B, forecasts Q4 gross bookings above est.; LYFT jumps 20% after hours — Lyft (LYFT.O) forecast current-quarter gross bookings above estimates after beating September-quarter sales on Wednesday …
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 (Ian King/Bloomberg)
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
Qualcomm reports Q4 revenue up 19% YoY to $10.24B, vs. $9.9B est., guides to a strong Q1, and approves $15B in additional buybacks; QCOM jumps 7%+ after hours (Kif Leswing/CNBC)
Kif Leswing / CNBC:
Qualcomm reports Q4 revenue up 19% YoY to $10.24B, vs. $9.9B est., guides to a strong Q1, and approves $15B in additional buybacks; QCOM jumps 7%+ after hours — Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter.
Match Group reports Q3 revenue up 2% YoY to $895M, vs. $900.9M est., paying users down 3% to 15.2M, forecasts Q4 revenue below est.; MTCH drops 12%+ after hours (Jaspreet Singh/Reuters)
Jaspreet Singh / Reuters:
Match Group reports Q3 revenue up 2% YoY to $895M, vs. $900.9M est., paying users down 3% to 15.2M, forecasts Q4 revenue below est.; MTCH drops 12%+ after hours — Match Group (MTCH.O) forecast fourth-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand …
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 (Kyle Wiggers/TechCrunch)
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.
Jeff Bezos, Sam Altman, Sundar Pichai, Mark Zuckerberg, Satya Nadella, Michael Dell, and other tech leaders congratulate Trump on his election victory (Annie Palmer/CNBC)
Annie Palmer / CNBC:
Jeff Bezos, Sam Altman, 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 in the U.S. presidential election Wednesday.
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 (Bloomberg)
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
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 (Kevin Roose/New York Times)
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.
