Techmeme
November 18, 2021, 12:00 PM

Top News

Manish Singh / TechCrunch:
Paytm falls ~20% in its trading debut in India, giving it a market valuation of $14.9B, after raising $2.5B in its IPO  —  Indian fintech giant Paytm, backed by SoftBank and Alibaba, lost more than 27% in its first day of trading Thursday.  The valuation of the firm, which raised $2.5 billion …
Omar Abdel-Baqui / Wall Street Journal:
A look at some of the practical issues faced by ConstitutionDAO if they win the auction, such as how to pay, ownership, who picks it up, and where to display it  —  A group of friends in the cryptocurrency world are repurposing digital tools to make a run at a rare analog document up for auction Thursday
Stefanie Marotta / Bloomberg:
A Canadian teenager was arrested for allegedly stealing $36.5M in crypto from a US victim using SIM swapping, the largest reported single-person crypto theft  —  - Case marks the biggest crypto theft reported by one person  — Police identified the alleged thief through a gaming username
Aisha Malik / TechCrunch:
Grammarly, which helps users improve their writing with its AI assistant, raises $200M at a $13B valuation  —  Grammarly, the popular auto-editing tool for writing, has raised $200 million in funding at a $13 billion valuation from new investors including Baillie Gifford and funds and accounts managed by BlackRock, among others.
Sarah Perez / TechCrunch:
Spotify expands real-time lyrics to all users globally in partnership with Musixmatch, after initially launching in 26 markets  —  After years of ignoring consumer demand for in-app lyrics, particularly in the U.S., Spotify announced today it will make a new Lyrics feature available to all global users …
Bryan Walsh / Axios:
OpenAI makes the API for GPT-3 generally available in supported countries  —  The artificial intelligence research company OpenAI will eliminate the waiting list for access to the API of its natural language processing program (NLP) GPT-3.  —  Why it matters: The move will accelerate access …
More: OpenAI and VentureBeat
Tweets: @gdb and @openai
Daniel Howley / Yahoo Finance:
Nvidia beats with record Q3 revenue of $7.1B vs. $6.82B estimated, up 50% YoY, Gaming revenue of $3.22B, up 42%, and Data Center revenue of $2.94B, up 55%  —  Nvidia (NVDA) reported its Q3 earnings after the bell on Wednesday beating analysts' predictions on the top and bottom line as revenue jumped 50% year-over-year.
Frederic Lardinois / TechCrunch:
Cortex, which helps development teams manage microservices architecture, raises a $15M Series A led by Tiger Global and Sequoia Capital  —  Cortex, a startup that helps engineering teams get improved visibility into the Rube Goldberg machine that is their microservices architecture and improve …
Ron Miller / TechCrunch:
Comet, which provides tools for data scientists and others to build ML models, raises a $50M Series B led by OpenView, bringing its total funding to almost $70M  —  As machine learning becomes a more integral part of running businesses, the model-building process still requires iteration and experimentation.
More: insideHPC
Michael del Castillo / Forbes:
Winklevoss' cryptocurrency exchange Gemini raises $400M led by Morgan Creek Digital at a $7.1B valuation  —  After seven years of funding their Gemini cryptocurrency empire out of pocket, Tyler and Cameron Winklevoss are in the process of signing the last documents on their first round of capital …
Ian Sherr / CNET:
Apple announces Self Service Repair, a program starting next year that will publish repair manuals, let customers buy parts and tools, and more  —  The tech giant says it will publish repair manuals and allow everyday customers to buy the same parts and tools certified technicians and repair shops use.
Will Evans / Wired:
Internal docs and sources detail Amazon's careless handling of its retail customer data, including letting some low-level staff snoop on celebrity purchases  —  Voyeurs.  Sabotaged accounts.  Backdoor schemes.  For years, the retail giant has handled your information less carefully than it handles your packages.
Amelia Lucas / CNBC:
Starbucks and Amazon partner to launch Starbucks Pickup with Amazon Go in Manhattan using Amazon's Just Walk Out tech  —  - Starbucks is opening a pick-up cafe in midtown Manhattan with Amazon that uses the retail giant's cashierless technology.  — It's the latest step in Starbucks' strategy …
Mark Gurman / Bloomberg:
Cher Scarlett, a leader of #AppleToo, is leaving Apple and will withdraw her NLRB complaint after reaching a settlement  —  Cher Scarlett, an Apple Inc. employee who created a protest movement within the company over pay transparency and other workplace issues, is leaving the iPhone maker after reaching a settlement.
Nilay Patel / The Verge:
Q&A: Brian Chesky on how he restructured Airbnb during the pandemic, running a public company, crypto, the metaverse, working with Jony Ive's LoveFrom, and more  —  Airbnb CEO Brian Chesky prides himself on thinking very differently than other CEOs, and his answers to the Decoder questions …

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Sarah Perez / TechCrunch:
Shannon Liao / Washington Post: