Canva lays off over 1,200 people amid slowing growth

Plus more of TechCrunch's top stories to start your morning

View this email online in your browser  November 04, 2026 TechCrunch Top 3 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 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 TechCrunch Founder Summit 2026: Doors open at 9 a.m. ET in Boston: Today is the day to join TechCrunch Founder Summit 2026 in Boston's SoWa Power Station. Register now to join this founder-focused conference today. Read More A message from NVIDIA and Microsoft Explore NVIDIA events at Microsoft Ignite. Take advantage of all NVIDIA has to offer at Microsoft Ignite, in San Francisco and online November 17–20. With booth sessions and hands-on demos, exclusive networking and meeting opportunities, and a host of practical labs and panels, NVIDIA is your comprehensive destination for learning, connecting, and accelerating the AI experience. Register now Go Beyond the Bay Area, Join Us at Founder Summit At TechCrunch Founder Summit on November 4 in Boston, you can deepen your expertise on hiring, product market fit, pitching, founder leadership, and much more in a dynamic, intimate environment. Get ahead of the competition and show the world what the East Coast can build with a 25% discount using the code Daily25. Register Now Morning Must-Reads Data centers are turning to old jet engines as the wait for power grows: The years-long wait for access to the grid and new turbines is causing data center builders to turn to an unusual, less-efficient and less environmentally friendly solution: once-discarded jet engines. Read More Ferrari’s controversial Luce EV is sold out for 2027: The Luce, Ferrari's first electric car and one of its most polarizing models, is "fully allocated" through 2027, according to CEO Benedetto Vigna. Read More Titan OS raises $46 million to expand its smart TV OS internationally: Titan OS has raised $110 million in funding to date Read More Reddit tests ads in search results as traffic declines and growth concerns mount: The new ad placements could help Reddit squeeze more revenue from existing users as Google's AI search changes how people discover its content. Read More AI inference startup Fal doubles its valuation to $16B as demand surges: The five-year-old startup raised a $1.3 billion round led by Bessemer. Read More Last but Not Least Hiding inside Palantir's skyrocketing quarter is a foreboding signal: Palantir's U.S. commercial revenue surpassed U.S. government revenue for the first time ever. Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2026 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107

AI inference startup Fal doubles its valuation to $16B as demand surges

Plus more of TechCrunch's top stories this afternoon

View this email online in your browser  November 03, 2026 TechCrunch Top 3 AI inference startup Fal doubles its valuation to $16B as demand surges: The five-year-old startup raised a $1.3 billion round led by Bessemer. Read More Ferrari’s controversial Luce EV is sold out for 2027: The Luce, Ferrari's first electric car and one of its most polarizing models, is "fully allocated" through 2027, according to CEO Benedetto Vigna. Read More Netflix's new AI Discover tab helps you find something to watch based on your mood: The first experimental feature under the tab will allow users to get recommendations based on what they're currently in the mood for. Read More A message from Baker Tilly Value in AI-driven markets, grounded in what sets you apart. Understand where your competitive edge creates value and how to strengthen it as investors become more selective and AI reshapes the investment landscape. Explore lifecycle strategies Go Beyond the Bay Area, Join Us at Founder Summit At TechCrunch Founder Summit on November 4 in Boston, you can deepen your expertise on hiring, product market fit, pitching, founder leadership, and much more in a dynamic, intimate environment. Get ahead of the competition and show the world what the East Coast can build with a 25% discount using the code Daily25. Register Now Afternoon Must-Reads Data centers are turning to old jet engines as the wait for power grows: The years-long wait for access to the grid and new turbines is causing data center builders to turn to an unusual, less efficient and less environmentally friendly solution: once-discarded jet engines. Read More New York City's Mamdani criticizes Madison Square Garden owner over surveillance tech: The mayor's comments come after the entertainment giant's data breach last year, which exposed James Dolan's surveillance. Read More Reddit tests ads in search results as traffic declines and growth concerns mount: The new ad placements could help Reddit squeeze more revenue from existing users as Google's AI search changes how people discover its content. Read More The TechCrunch Founder Summit agenda is only half the reason to be in Boston on Nov. 4: On Nov. 4, TechCrunch Founder Summit 2026 brings founders and VCs to Boston's SoWa Power Station for practical insights and connections. Register before prices increase at the door. Read More Google will let schools disable its AI tools, but not without sacrificing Search: Schools choosing to restrict AI altogether will no longer be able to access Google Search, as AI features are now integrated into the search engine. Read More Last but Not Least Hiding inside Palantir's skyrocketing quarter is a foreboding signal: Palantir's U.S. commercial revenue surpassed U.S. government revenue for the first time ever. Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2026 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107