Sequoia hits rewind, undoing 20 years of expansion

Plus more of TechCrunch's top stories this afternoon

View this email online in your browser  November 04, 2026 TechCrunch Top 3 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. Read More 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 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 Afternoon Must-Reads 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 AI PACs spent millions trying to shape Congress — here's how they fared: AI industry PACs spent millions influencing the 2026 midterms, with mixed results. Political groups are already looking toward the next election cycle. 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 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

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