| Annie Palmer / CNBC: |
Sam Altman, Jeff Bezos, Tim Cook, Michael Dell, Satya Nadella, Sundar Pichai, Mark Zuckerberg, and other tech leaders congratulate Trump on his election victory — Leaders of major technology companies congratulated President-elect Donald Trump and Vice President-elect JD Vance on their victory … | Financial Times: |
Elon Musk's gamble on Donald Trump pays off, as Trump wins the race; Trump gave Musk a lengthy shout out in his victory speech, calling him “a super-genius” — “A star is born: Elon,” said Donald Trump in a lengthy shout out to his biggest donor while claiming victory in the US presidential race on Wednesday morning.| Kevin Roose / New York Times: |
What a Trump victory means for tech: antitrust woes die down, except for Google, TikTok survives, AI progress accelerates, social media shifts right, and more — Another Trump presidency will be good for crypto and Elon Musk, but every big tech company may not benefit from a more hands-off approach to antitrust.| Ismail Shakil / Reuters: |
Canada orders TikTok's business in the country to be dissolved, citing national security risks, and says it's not blocking Canadians' access to the app — Canada on Wednesday ordered Chinese-owned TikTok's business in the country to be dissolved, citing national-security risks … | David Yaffe-Bellany / New York Times: |
Stand With Crypto: US voters elected 253 pro-crypto candidates to the House, compared to 115 anti-crypto candidates, and 16 pro-crypto Senate candidates — The spending spree fueled a string of victories on Tuesday for congressional candidates who had expressed support for cryptocurrencies.| MacKenzie Sigalos / CNBC: |
| Kyle Wiggers / TechCrunch: |
OpenAI acquired chat.com, which now redirects to ChatGPT; HubSpot co-founder Dharmesh Shah reportedly bought the domain, registered in 1996, for $15.5M in 2023 — OpenAI bought Chat.com, adding to its collection of high-profile domain names. — As of this morning, Chat.com now redirects to OpenAI's AI-powered chatbot, ChatGPT.| Samuel Stolton / Bloomberg: |
The European Commission opens an antitrust investigation into smartphone glass maker Corning for allegedly abusing its market dominance to squeeze out rivals — - EU fears deals with smartphone firms are anti-competitive — Corning pressed to remedy EU concerns with concessions| Marc Hochstein / CoinDesk: |
Donald Trump winning the US election vindicates Polymarket, Kalshi, PredictIt, and other prediction betting markets, which heavily favored Trump for months — Tuesday night's election returns were a shocker if you only watched CNN. But not if you'd looked at the betting all along.| Bloomberg: |
| Zaheer Kachwala / Reuters: |
Take-Two reports Q2 net bookings up 2% YoY to $1.47B, vs. $1.43B est., net revenue up 4% to $1.35B, and sells its Private Division label to an unnamed buyer — Take-Two Interactive Software (TTWO.O) beat Wall Street expectations for second-quarter bookings and profit on Wednesday … | Rebecca Bellan / TechCrunch: |
Lyft partners with autonomous vehicle startup May Mobility to launch cars in Atlanta in 2025, and self-driving car company Mobileye and smart dashcam firm Nexar — It seems Lyft is hoping to catch up to Uber's string of autonomous vehicle partnerships. — Lyft announced Wednesday three … | Krisztian Sandor / CoinDesk: |
JPMorgan rebrands its Onyx blockchain unit as Kinexys and plans to add on-chain foreign exchange capabilities as early as Q1 2025, starting with USD and EUR — The banking giant was one of the early leaders in applying blockchain tech to traditional financial activities … | Bloomberg: |
Sources: Saudi Arabia plans a new AI project to rival the UAE's tech hub, backed by $50B to $100B to invest in data centers, startups, new talent, and more — - Entity would build on kingdom's efforts to emerge as AI hub — PIF, Google AI partnership may serve as model for project| Kif Leswing / CNBC: |
Qualcomm reports Q4 revenue up 19% YoY to $10.24B, vs. $9.9B est., guides to a strong Q1, and approves $15B in additional buybacks; QCOM jumps 7%+ after hours — Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter.| Ian King / Bloomberg: |
Arm reports Q2 revenue up 5% YoY to $844M, vs. $810.9M est., royalty revenue up 23% to $514M, and forecasts Q3 revenue below estimates — - Midpoint of revenue range would fall short of estimates — Shares slip in late trading following the release of earnings| Meir Orbach / CTech: |
CrowdStrike agrees to acquire Tel Aviv-based Adaptive Shield, which offers cloud security for SaaS apps; sources say CrowdStrike will pay ~$300M for the company — The Israeli startup's solutions help security teams manage the organization's applications, identities, and detect unusual behavior within the SaaS ecosystem.
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| Bill Toulas / BleepingComputer: |