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Sun Oct 19
Block reports Q3 revenue up 2.3% YoY to $6.1B, below $6.3B est., adjusted EPS below est., and a $461.6M net income, up from $283.8M; XYZ drops 11%+ after hours (Dean Seal/Dow Jones Newswires)
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Affirm reports Q1 revenue up 34% YoY to $933M, vs. $883M est., GMV up 42% to $10.8B, vs. $10.38B est., and profit above estimates; AFRM jumps 11%+ after hours (Reinhardt Krause/Investor's Business ...)
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The US Congressional Budget Office says it has identified a security incident; sources say the CBO has been hacked by a suspected foreign actor (Washington Post)
1w
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Meta launches Vibes, its short-form video feed of AI-generated videos, in Europe through the Meta AI app, following its US debut six weeks earlier (Aisha Malik/TechCrunch)
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Tesla shareholders approve a $1T pay package for Elon Musk that requires him to hit a series of milestones and expand Tesla's market cap to $8.5T over 10 years (Becky Peterson/Wall Street Journal)
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Airbnb reports Q3 revenue up 10% YoY to $4.1B, vs. $4.08B est., Nights and Seats booked up 9% to 133.6M, vs. 131.75M est., forecasts Q4 revenue above estimates (Ashley Capoot/CNBC)
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DoorDash's stock fell 17%+ on Thursday, marking its worst trading day ever, amid concerns over its 2026 spending plans for new products like autonomous delivery (Samantha Subin/CNBC)
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Take-Two delays the release of GTA VI by six months to November 2026, reports Q2 net bookings up 33% YoY to $1.96B, vs. $1.72B est.; TTWO drops 6%+ after hours (Jason Schreier/Bloomberg)
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Sam Altman says OpenAI doesn't want government guarantees for data centers and expects to fund investments with revenues hitting "hundreds of billions by 2030" (Shirin Ghaffary/Bloomberg)
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Amazon is testing an AI tool called Kindle Translate that automatically translates books into other languages, for authors that self-publish on the platform (Lawrence Bonk/Engadget)
1w
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The FBI has subpoenaed the domain registrar of archive.today, demanding information about the owner of the archiving site as part of a criminal investigation (Jason Koebler/404 Media)
1w
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A US judge sentences Keonne Rodriguez, a co-founder of crypto mixer Samourai Wallet, to five years in prison for helping to launder hundreds of millions (Chris Dolmetsch/Bloomberg)
1w
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OpenAI releases a blueprint the company hopes lawmakers will use in crafting safety standards for teens using AI, with five suggestions for AI companies (Ashley Gold/Axios)
1w
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David Sacks says there will be "no federal bailout for AI", as the US has at least five major AI companies and "if one fails, others will take its place" (Ashley Capoot/CNBC)
1w
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a16z announces an eight-week new media fellowship for people with a record of creating "impactful content" via newsletters, podcasts, communities, and more (a16z)
1w
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Google adds Gemini's Deep Search to Google Finance, which also gets prediction market data from Kalshi and Polymarket for future event analysis, first in the US (Aamir Siddiqui/Android Authority)
1w
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Datadog's stock jumps 15%+ after it reported Q3 revenue up 28% YoY to $885.7M, above $852.8M est., and forecasted Q4 revenue at $912M to $916M, above $877M est. (Jaures Yip/CNBC)
1w
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OpenAI CFO Sarah Friar clarifies the startup is not seeking a government "backstop" for its infrastructure deals, saying her use of the word "muddied the point" (Ashley Capoot/CNBC)
1w
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DualBird, which has created a plug-in for rewritable hardware that accelerates data workloads, raised an $8.5M seed and a $16.5M Series A led by Lightspeed (Chris Metinko/Axios)
1w
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Truffle Security, whose open-source tool detects, verifies, and remediates exposed secrets like API keys, raised a $25M Series A led by Intel Capital and a16z (Duncan Riley/SiliconANGLE)
1w
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Duolingo's stock falls 25%+ after the company said it expects bookings to range between $329.5M and $335.5M this quarter, falling short of a $344.3M estimate (Samantha Subin/CNBC)
1w
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Synchron, whose brain implant is inserted through the circulatory system, avoiding invasive brain surgery, raised a $200M Series D at a nearly $1B valuation (Ike Swetlitz/Bloomberg)
1w
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Fomo, a consumer crypto trading app, raised a $17M Series A led by Benchmark, taking its total funding to $19M, and reports $20M to $40M in daily trading volume (Julie Bort/TechCrunch)
1w
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LA-based Metropolis, which operates parking lots that use AI and computer vision, raised $1.6B, including a $500M Series D led by LionTree at a $5B valuation (Krystal Hu/Reuters)
1w
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The Chan Zuckerberg Initiative restructures to focus on AI and science, led by Biohub research centers, and acquires AI startup Evolutionary Scale's team (New York Times)
1w
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British Airways owner IAG signs a deal with SpaceX for Starlink Wi-Fi across all five carriers in the airline group, coming to 500+ Boeing and Airbus aircraft (Kate Duffy/Bloomberg)
1w
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Microsoft AI CEO Mustafa Suleyman says Microsoft plans to focus on superintelligence that prioritizes human control; he will lead a new superintelligence team (Reed Albergotti/Semafor)
1w
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Microsoft AI CEO Mustafa Suleyman lays out the company's plans to develop AI self-sufficiency from OpenAI, like releasing its own voice, image, and text models (Sebastian Herrera/Wall Street Journal)
1w
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Investigation: X amplifies right-wing and extreme political content in the UK, as Elon Musk endorses fringe right-wing politicians and encourages nationalism (Sky News)
1w
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Google says Ironwood, its seventh-gen TPU, will launch in the coming weeks and is more than 4x faster than its sixth-gen TPU; it comes in a 9,216-chip config (CNBC)
1w
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Inception, which is building diffusion-based AI models for code and text, raised a $50M seed led by Menlo Ventures and releases a new Mercury coding model (Russell Brandom/TechCrunch)
1w
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Docs: Meta projected in December 2024 that 10.1% of its 2024 revenue, or $16B, came from ads for scams and banned goods, including ~$7B from "higher risk" ads (Jeff Horwitz/Reuters)
1w
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SpaceX agrees to acquire EchoStar's unpaired AWS-3 licenses for $2.6B in stock, after EchoStar sold WS-4 and H-block licenses to SpaceX for $17B in September (Bloomberg)
1w
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Sources: Shein told investors in August that it expects $2B in net income in 2025 despite US tariffs and forecasts mid-teen percentage growth in full-year sales (Bloomberg)
1w
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Sources and documents: Google plans to build an AI data center on Australia's remote Christmas Island after signing a cloud deal with its DOD earlier in 2025 (Kirsty Needham/Reuters)
1w
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Research: US companies announced 153,074 job cuts in October, the most in 20+ years and up 3x on October 2024, as AI reshapes industries and cost-cutting rises (Julia Fanzeres/Bloomberg)
1w
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Sources: Sequoia's Pat Grady and Alfred Lin plan to deepen the firm's AI focus and reframe its image as less politically partisan, after Roelof Botha's exit (Kate Clark/Bloomberg)
1w
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Jensen Huang warns "China is going to win the AI race", after the US kept a ban on advanced AI chip sales to China, and says the West is held back by "cynicism" (Financial Times)
1w
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Rockstar says it fired dozens of employees last week for "distributing and discussing confidential information in a public forum", disputing union allegations (Jason Schreier/Bloomberg)
1w
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Huawei unveils the ~$590 Mate 70 Air, a 6.6mm thick smartphone set to compete with the $999 iPhone Air, with a 7" display and HarmonyOS, shipping November 11 (Bloomberg)
1w
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Sources, public records, and documents detail TuSimple's downfall, after it transferred autonomous driving IP to Chinese partners despite a 2022 CFIUS agreement (Kate O'Keeffe/Bloomberg)
1w
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The AI boom is driving coordinated innovation in the US as it builds fabs and energy infrastructure that could have lasting value even if the bubble bursts (Ben Thompson/Stratechery)
1w
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License plate surveillance company Flock Safety faces bipartisan pressure from lawmakers and local organizers over its data handling and cybersecurity practices (Ashley Belanger/Ars Technica)
1w
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Microsoft built a simulated marketplace to test hundreds of AI agents, finding that businesses could manipulate agents into buying their products and more (Russell Brandom/TechCrunch)
1w
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Sources: SoftBank explored a potential takeover of Marvell earlier this year to merge it with Arm, in what would have been the chip industry's largest-ever deal (Bloomberg)
1w
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Sony unveils the Fair Human-Centric Image Benchmark dataset to test the fairness of computer vision models, saying it was compiled in a fair and ethical manner (Thomas Claburn/The Register)
1w
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Pony.ai's and WeRide's shares fell as much as 15% in their Hong Kong trading debuts; Pony.ai raised ~$863M in the secondary offering, and WeRide raised ~$309M (Bloomberg)
1w
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Foursquare founder Dennis Crowley's new startup Hopscotch Labs releases BeeBot, which combines AI, audio, and location-based social features, on the App Store (Karissa Bell/Engadget)
1w
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Nexperia says it suspended wafer supplies to its China factory because the local unit refused to make payments and has ignored global management's instructions (Sarah Jacob/Bloomberg)
1w
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Researchers used AI to design functional antibodies from scratch, suggesting that AI tools could speed up antibody discovery without the need for animal testing (Financial Times)
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