Sequoia hits rewind, undoing 20 years of expansion: Sequoia is consolidating into a smaller, Bay Area–centered firm, shutting down the programs and offices it built during a 20-year expansion while announcing roughly $10 billion in new funds.
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Waymo confirms it's shaking up its Uber relationship in January 2028: The change will set up direct competition in those markets, as Uber has many other autonomous vehicle partners on its network. Read More
DuckDuckGo pitches itself to schools amid backlash over Google's AI policy: DuckDuckGo is courting schools frustrated by Google's AI restrictions, pointing educators to its search engine and options to disable AI features. Read More
Understand where your competitive edge creates value and how to strengthen it as investors become more selective and AI reshapes the investment landscape.
OpenAI is already trying to shape the 2028 election: OpenAI’s Chris Lehane wants AI to define the 2028 election, proposing a new social contract that could benefit Americans while also advancing the AI giant’s own business interests. Read More
Snapchat surpasses 30M paid subscribers: The milestone comes a year after Snapchat announced a controversial limit on free storage for its Memories feature and informed users it would start requiring users to pay $1.99 per month for additional storage or subscribe to Snapchat+ to retain their Memories. Read More
Meta acquires AI coding startup Conductor: The startup allows software engineers to deploy teams of agents to work on various aspects of a project simultaneously. Read More
Canva lays off over 1,200 people amid slowing growth: Canva is cutting 22% of its staff as it faces its 'hardest year' yet. Read More
Almost no one uses AI agents to book their Uber, company says: During its busiest week last quarter, Uber said only four people booked a ride using an AI agent. Read More
Last but Not Least
Revolut's valuation jumps 53% to $115B in new share sale as it prepares to launch US bank: Glade Brook, Coatue, and T. Rowe Price were among the investors that led the share sale. Read More
