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Tue Jan 20
Atlassian's founders lost ~$7.2B in wealth in 2026, behind AppLovin's three founders, amid a SaaS rout; TEAM is down 45%+ YTD, the Nasdaq 100's worst performer (Bloomberg)
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Sources: Uber is moving to bar drivers with convictions for violent felonies, sexual offenses, and child or elder abuse, after an NYT report in December 2025 (Emily Steel/New York Times)
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Book extract: ex-Sony Entertainment CEO Michael Lynton recounts his role in sparking North Korea's 2014 hack, one of the worst cyberattacks in corporate history (Michael Lynton/Wall Street Journal)
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India's AI Summit: Modi orchestrated a photo op with tech and business leaders holding hands in a line, but Sam Altman and Dario Amodei refused to clasp hands (Saritha Rai/Bloomberg)
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The Gates Foundation says Bill Gates will not deliver his keynote at India's AI Summit after "careful consideration", amid controversy over his Epstein ties (Cherylann Mollan/BBC)
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Russian forces in Ukraine face communications issues as SpaceX restricts Starlink access and Telegram faces a crackdown, per pro-Russian military channels (Bloomberg)
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Inside India's AI Impact Summit: 300+ exhibitors, 500 sessions, 250K visitors, billions in investment, and entrepreneurs touting solutions to real-world issues (New York Times)
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Indian conglomerate Reliance plans to invest up to ~$110B to build AI-related infrastructure over the next seven years, and JioHotstar plans a ChatGPT-based bot (Bloomberg)
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How Lego's Creative Play Lab built the Smart Brick, its custom chip, sensors, and proprietary communication system to seamlessly integrate with existing sets (Jeremy White/Wired)
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Apple Podcasts' fresh leap into video podcasts accelerates the podcast industry's shift from an audio-centric medium to a decidedly video-focused one (Ashley Carman/Bloomberg)
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A study of 12K+ EU companies finds AI adoption increases labor productivity by 4% on average in the EU, with no evidence of reduced employment in the short run (CEPR)
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Nonprofit What To Fix says Facebook's content monetization program grew from under 3M to over 12M participants in just over a year; 8M+ accounts are in English (Hazel Gandhi/Rest of World)
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Apple's 40-day correlation to the Nasdaq 100 fell to 0.21 last week, the lowest since 2006, making it an appealing alternative to the AI-fueled volatility (Ryan Vlastelica/Bloomberg)
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US OPM Director Scott Kupor says tech billionaires like Elon Musk will give talks to the US Tech Force, which aims to recruit roughly 1,000 software engineers (Joe Miller/Financial Times)
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Indian digital payments company Pine Labs plans to embed OpenAI APIs into its infrastructure to enable AI-assisted settlement, reconciliation, and invoicing (Jagmeet Singh/TechCrunch)
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Sources: Accenture told executives that promotions would require "regular" AI adoption and it is tracking individual weekly AI tool logins for some senior staff (Financial Times)
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India's TCS signs OpenAI as its first data center customer, starting with 100MW of capacity; Tata Group plans to deploy ChatGPT Enterprise, starting with TCS (Jagmeet Singh/TechCrunch)
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Microsoft's Project Silica team details its laser-modified glass storage tech, saying tests suggest that it can preserve information for at least 10,000 years (Gayoung Lee/Gizmodo)
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Samsung shares surged 5.4% to a record high after a report said the company plans to price HBM4 chips at ~$700 per unit, 30% higher than the previous generation (Kurt Schussler/Bloomberg)
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Austin-based Circuit, which is building an AI platform for manufacturing and service enterprises, raised $30M from a group of angel investors (Karoline Leonard/Austin American ...)
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An experiment finds X's feed algorithm favored conservative content, and switching to the For You feed shifted users' views toward more conservative positions (Ece Yildirim/Gizmodo)
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Sources: OpenAI is close to finalizing the first phase of its $100B round; its overall valuation, including the eventual funding, could exceed $850B (Bloomberg)
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Sources: Dylan Patel's SemiAnalysis is in early talks to raise hundreds of millions for a VC fund; Patel raised a $50M SPV toward Fluidstack's $700M fundraising (The Information)
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Bluesky integrates Germ DM, an E2E encrypted messaging app built on AT Protocol, making it the first private messenger natively available in the Bluesky app (Sarah Perez/TechCrunch)
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A US judge rules ex-Palantir employees likely violated confidentiality and non-solicitation agreements in founding Percepta, but declines to stop their work (Bob Van Voris/Bloomberg)
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The UK proposes new rules requiring tech firms to remove nonconsensual abusive content within 48 hours or risk blocking and fines of up to 10% of global revenue (The Guardian)
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Crypto lending firm Ledn sold $188M in securitized bonds backed by bitcoin loans, making it the first deal of its kind in the market for asset-backed debt (Bloomberg)
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Cadence shares closed up 7.6% on Wednesday after the chip design company reported Q4 revenue up ~6% to $1.44B and adjusted EPS of $1.99, both above estimates (Lora Kolodny/CNBC)
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Sources: the US State Department is developing an online portal at "freedom.gov" to let users in Europe and elsewhere view content banned by their governments (Reuters)
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Selector, which offers an AI platform that promises to simplify network monitoring, raised a $32M Series B led by AVP at a $375M valuation (Maria Deutscher/SiliconANGLE)
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Venice, which develops identity security software, emerges from stealth after raising a $25M Series A led by IVP, following an $8M seed round (Meir Orbach/CTech)
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Remitly co-founder Matt Oppenheimer steps down as CEO, will be succeeded by Banco Santander executive Sebastian Gunningham (Bloomberg)
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DoorDash reports Q4 revenue up 38% YoY to $3.96B, vs. $3.99B est., total orders up 32% to 903M, and forecasts Q1 adjusted EBITDA below estimates (Samantha Subin/CNBC)
2d
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eBay reports Q4 revenue up 15% YoY to $3B, vs. $2.87B est., GMV up 10% to $21.2B, and forecasts Q1 profit above estimates; EBAY jumps 6%+ after hours (Spencer Soper/Bloomberg)
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Figma reports Q4 revenue up 40% YoY to $303.8M, vs. $293.15M est., and forecasts Q1 revenue above estimates; FIG jumps 15%+ after hours (Jordan Novet/CNBC)
2d
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eBay agrees to acquire secondhand clothing app Depop from Etsy for ~$1.2B in cash; Etsy bought Depop in 2021 for $1.6B; ETSY jumps 17%+ after hours (Niko Gallogly/New York Times)
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Sources: Meta has revived a previously shelved smartwatch project, now code-named Malibu 2, and plans to release it in 2026 with health features and Meta AI (Jyoti Mann/The Information)
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Social media addiction trial: Mark Zuckerberg says increasing engagement on Instagram is not a company goal and that Meta removes underage users it identifies (CNBC)
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OpenAI and Paradigm announce EVMbench, a benchmark that measures how well AI agents can detect, exploit, and patch high-severity smart contract vulnerabilities (OpenAI)
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Apple adds support for third-party voice-based conversational apps in CarPlay starting with iOS 26.4, letting CarPlay users access apps like AI chatbots (Juli Clover/MacRumors)
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Efficient Computer, which is developing AI chips with a "spatial dataflow" architecture to minimize energy consumption, raised a $60M Series A (Mike Wheatley/SiliconANGLE)
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Texas AG Ken Paxton sues TP-Link, alleging it deceptively markets its products as secure while allowing the CCP to hack into consumers' devices (The Record)
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OpenAI hires Instagram's VP of global partnerships, Charles Porch, as its first VP of global creative partnerships, seeking to win over a skeptical Hollywood (Julia Black/Vanity Fair)
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Sports-focused prediction market Novig raised a $75M Series B led by Pantera Capital at a $500M valuation; Novig is commission-free for retail traders (Leo Schwartz/Fortune)
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Meta plans to spend $65M in 2026 to boost state politicians friendly to AI; filings: Meta started two super PACs, one backing the GOP and another for Democrats (New York Times)
2d
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Audible launches an "immersion reading" feature that lets readers switch between ebook and audiobook versions of a title in their Audible and Kindle libraries (Sarah Perez/TechCrunch)
2d
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Fei-Fei Li's World Labs raised $1B from Autodesk, a16z, Nvidia, AMD, Sea, and others to build its world models for robotics, scientific discovery, and more (Alicia Tang/Bloomberg)
2d
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Snap says its direct revenue business has hit a $1B annualized revenue run rate, driven primarily by Snapchat+ surpassing 25M subscribers since its 2022 launch (Aisha Malik/TechCrunch)
2d
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Google rolls out Lyria 3, a generative music model that can make 30-second tracks with Nano Banana-made cover art, in beta in the Gemini app in eight languages (The Keyword)
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Cogent Security, which aims to use AI agents to decide which software bugs to remediate, raised a $42M Series A led by Bain, taking its total funding to $53M (Lily Mae Lazarus/Fortune)
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