Techmeme
November 18, 2021, 2:45 PM

Top News

Mark Gurman / Bloomberg:
Sources: Apple is accelerating the development of a fully autonomous electric car, after hitting a car processor milestone, with plans to debut it by 2025  —  - Company looks to refocus project on self-driving capabilities  — New car chief Kevin Lynch pushing for debut as early as 2025
Mark Di Stefano / The Information:
Memo: Tim Cook tells employees that Apple will let them work remotely for up to four weeks per year and sets a February 1 return to office goal  —  Apple will let employees work for up to four weeks remotely each year as the iPhone giant prepares for the company to gradually return to offices in 2022 …
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.
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 …
Omar Abdel-Baqui / Wall Street Journal:
If ConstitutionDAO wins Thursday's US Constitution auction, it faces practical issues about how to pay, who picks it up, ownership, 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
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 …
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.
Manish Singh / TechCrunch:
Paytm falls 27% 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 …
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 …
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 …
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.
Stefanie Marotta / Bloomberg:
Canada arrests a teenager 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
Kyle Wiggers / VentureBeat:
Nexar, which is developing an analytics service for car dash cam footage, raises a $53M Series D led by Qumra Capital, bringing its total funding to $150M  —  Nexar, a startup developing an analytics service on top of car dash cam footage, today announced that it raised $53 million …
Wall Street Journal:
Ford partners with GlobalFoundries to develop chips, but offers few concrete details  —  Stung by semiconductor shortage, Detroit's two biggest car companies are looking to align with computer-chip makers to develop and potentially manufacture chips  —  Detroit's two biggest auto makers …
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.
Ingrid Lunden / TechCrunch:
Formstack, which offers no-code enterprise tools to build automated workflows, raises $425M led by Silversmith Capital and PSG  —  Platforms that bring more automation to the working environment, and platforms that are empowering more people to get involved in building tools to help themselves work …

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Techmeme Ride Home:
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Mark Gurman / Bloomberg:
Shannon Liao / Washington Post: