Financial Times:
A profile of Klarna and its CEO Sebastian Siemiatkowski as it filed for a US IPO on November 13; investors hope Klarna can achieve a $150B-$200B valuation — Swedish entrepreneur born to Polish immigrants seeks to list the ‘buy now, pay later’ fintech in New York
Biden admin finalizes its $6.6B CHIPS Act grant to TSMC; money will be disbursed in stages and TSMC is expected to receive at least $1B by the end of 2024 (Yifan Yu/Nikkei Asia)
Yifan Yu / Nikkei Asia:
Biden admin finalizes its $6.6B CHIPS Act grant to TSMC; money will be disbursed in stages and TSMC is expected to receive at least $1B by the end of 2024 — LIMA, Peru — The Biden administration has finalized its $6.6 billion CHIPS Act grant to Taiwan Semiconductor Manufacturing Co. …
Filing: Samsung plans to buy back about $7.2B of its own stock in stages over the next year, in one of the larger shareholder return programs in its history (Bloomberg)
Bloomberg:
Filing: Samsung plans to buy back about $7.2B of its own stock in stages over the next year, in one of the larger shareholder return programs in its history — – Samsung’s stock soared as much as almost 9% on Friday — Investors fear the company is missing out on the AI boom
How Physical Intelligence is trying to give robots a humanlike understanding of the physical world by feeding data from robots doing tasks into its AI model (Will Knight/Wired)
Will Knight / Wired:
How Physical Intelligence is trying to give robots a humanlike understanding of the physical world by feeding data from robots doing tasks into its AI model — Physical Intelligence has assembled an all-star team and raised $400 million on the promise of a stunning breakthrough in how robots learn.
Eighteen US states, led by Kentucky, sue the SEC and its commissioners, including Chairman Gary Gensler, over its crackdown on the crypto industry (Decrypt)
Decrypt:
Eighteen US states, led by Kentucky, sue the SEC and its commissioners, including Chairman Gary Gensler, over its crackdown on the crypto industry — Ahead of an expected regulatory leadership transition following the election of Donald Trump, 18 states have filed suit against the Securities …
Grubhub co-founder Matt Maloney says he led an effort to buy Grubhub for $1B+ around the start of 2024 and in 2022; Wonder bought Grubhub for $650M on Nov. 13 (Financial Times)
Financial Times:
Grubhub co-founder Matt Maloney says he led an effort to buy Grubhub for $1B+ around the start of 2024 and in 2022; Wonder bought Grubhub for $650M on Nov. 13 — Revelation comes days after Dutch group announced sale of its US subsidiary for $650mn — The founder of Grubhub said he twice attempted …
The US DOJ says Cruise admits to submitting a false report to influence an investigation into an October 2023 crash with a pedestrian and will pay a $500K fine (David Shepardson/Reuters)
David Shepardson / Reuters:
The US DOJ says Cruise admits to submitting a false report to influence an investigation into an October 2023 crash with a pedestrian and will pay a $500K fine — General Motors’ (GM.N) self-driving car unit, Cruise, admitted on Thursday to submitting a false report to influence …
NASA partners with Microsoft to create Earth Copilot, an AI chatbot that can answer questions about the Earth using NASA’s geospatial information (Emma Roth/The Verge)
Emma Roth / The Verge:
NASA partners with Microsoft to create Earth Copilot, an AI chatbot that can answer questions about the Earth using NASA’s geospatial information — NASA is teaming up with Microsoft to create an AI chatbot designed to make it easier to access and understand scientific data about the Earth.
In his amended lawsuit against OpenAI, Musk names new defendants including Microsoft, Reid Hoffman, and ex-OpenAI board member and Microsoft VP Dee Templeton (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
In his amended lawsuit against OpenAI, Musk names new defendants including Microsoft, Reid Hoffman, and ex-OpenAI board member and Microsoft VP Dee Templeton — Musk’s lawsuit against OpenAI accusing the company of abandoning its nonprofit mission was withdrawn in July, only to be revived in August.
SwiftConnect, which provides a platform to let workers access physical offices via mobile digital badges, raised a $37M Series B led by Quadri Ventures (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
SwiftConnect, which provides a platform to let workers access physical offices via mobile digital badges, raised a $37M Series B led by Quadri Ventures — With the advent of flexible workspaces, companies are increasingly adopting smartphone-based authentication to let employees enter and leave.
