| Eric Beech / Reuters: |
Donald Trump says Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency, or DOGE, to provide “guidance from outside of Government” — U.S. President-elect Donald Trump said on Tuesday Elon Musk and former Republican presidential candidate Vivek Ramaswamy … | Dan Merica / Associated Press: |
Source: Elon Musk's America PAC spent ~$200M to help elect Trump; Musk says the PAC is gearing up for midterms as well as judicial and DA elections — Elon Musk's super PAC spent around $200 million to help elect Donald Trump, according to a person familiar with the group's spending … | Mark Gurman / Bloomberg: |
Sources: Apple is making a 6" wall-mounted display that can control appliances, do videoconferencing, and use AI to navigate apps, and may unveil it by March — - Product will spotlight the new Siri and Apple Intelligence — Device will tap into cameras, doorbells and run Apple's apps| Todd Spangler / Variety: |
Amazon is shutting down Freevee, its free, ad-supported streaming service launched in 2019 under the IMDb brand, and plans to move the content to Prime Video — Amazon is officially shutting down Freevee, its free, ad-supported video streaming service originally launched under the IMDb brand nearly five years ago.| Lim Hui Jie / CNBC: |
Shares of Swiggy opened up ~8% on their trading debut after the company raised $1.34B in its IPO, which became the second largest IPO in India this year — Shares of Indian food delivery giant Swiggy rose nearly 8% on their trading debut Wednesday after its IPO became the country's second largest this year.| Shirin Ghaffary / Bloomberg: |
Greg Brockman returns to OpenAI after taking a leave from his role as president in August; memo: he is working with Sam Altman on creating a new role for him — OpenAI co-founder Greg Brockman has returned to the artificial intelligence startup three months after taking a leave from his role as president … | NBC News: |
Air National guardsman Jack Teixeira is sentenced to 15 years for stealing classified information from the Pentagon and sharing it on Discord in 2022 and 2023 — The former Massachusetts Air National Guard member pleaded guilty in March to leaking highly classified military documents online, including about the war in Ukraine.| Alan Ohnsman / Forbes: |
Waymo opens robotaxi rides to anyone in LA within an 80-square-mile area running from downtown LA to Santa Monica and says ~300K users had been on the waitlist — The Alphabet company said about 300,000 people in the second-largest U.S. city have been waiting to use its robotic ridehail service … | Financial Times: |
Sources: Gail Slater, a top aide to JD Vance, and Mark Meador, a former enforcer at the DOJ's antitrust unit and the FTC, are the front-runners to lead the FTC — Contenders for prime slots include a top aide to JD Vance and former Department of Justice lawyers| Wall Street Journal: |
Sources: Marc Lore's food delivery startup Wonder is in advanced talks to buy Grubhub from Just Eat Takeaway; Just Eat bought Grubhub in 2021 in a $7B+ deal — Marc Lore's Wonder is close to a deal to buy the food-delivery startup from Europe's Just Eat Takeaway.com| Wall Street Journal: |
Meta plans to ask Facebook and Instagram users in Europe if they want to get “less personalized ads” and cuts subscription prices by 40%, a concession to the EU — Facebook and Instagram owner faces pressure in Europe to ask users before using their data to target ads or train artificial intelligence| Michael Nuñez / VentureBeat: |
FrontierMath, a new benchmark for evaluating AI model's advanced mathematical reasoning, shows current AI systems solve less than 2% of its challenging problems — Artificial intelligence systems may be good at generating text, recognizing images, and even solving basic math problems … | Dean Takahashi / VentureBeat: |
Modern Times Group agrees to acquire Tel Aviv-based mobile game maker Plarium for $620M and up to $200M more if Plarium hits financial targets over 2025 to 2028 — Modern Times Group has agreed to buy Plarium, the maker of RPG Raid: Shadow Legends, from Aristocrat Leisure for $620 million.| Washington Post: |
Sources: advisors to Donald Trump expect the president-elect to halt a potential US ban of TikTok, which faces a January 19 deadline to divest — The president-elect promised to ‘save’ the social media app, which faces a deadline early next year to find a non-China-based owner.| Bloomberg: |
SoftBank's telecom unit plans to build an AI supercomputer in Japan using Nvidia's DGX B200 platform, and a follow-up effort featuring the Grace Blackwell chip — - Japanese investor secures coveted chips prior to next big bet — Jensen Huang joins Masayoshi Son on stage during Nvidia event| Kyle Wiggers / TechCrunch: |
Perplexity says it will begin experimenting with ads on its platform in the US starting this week; ads will be formatted as “sponsored follow-up questions” — AI-powered search engine Perplexity says it'll begin experimenting with ads on its platform starting this week.| Ingrid Lunden / TechCrunch: |
PointFive, which helps companies track usage across multiple clouds, raised a $20M Series A led by Salesforce Ventures, after raising a $16M seed in June 2024 — Enterprise spend on cloud services continues to go up, up, up — to the tune of $675 billion this year — thanks … | Irene Garcia Perez / Bloomberg: |
Vega, which is developing AltOS, a platform to help alternative asset managers further their distributions, raised a $20M Series A led by Apollo and Motive — - Vega is scaling a tech platform for alternative asset managers — Apollo, Motive Partners lead $20 million Series A funding| Gian Volpicelli / Bloomberg: |
The EU notifies Apple of “potentially prohibited geo-blocking practices” on the App Store and other apps, and says it must align with EU anti-geo-blocking rules — Alexa's New AI Brain Is Stuck in the Lab … Quicktake
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| Financial Times: |