What does a Trump presidency mean for fanboy Elon Musk?

Plus: Perplexity impresses on election night

View this email online in your browser By Rebecca Szkutak Wednesday, November 6, 2024 Welcome to TC PM! The election is over, and today we're diving into what the results mean for AI, the climate, and Elon Musk. In non-election news, we are also looking at allegations the FTC is making about fintech Dave and we check out OpenAI's recent domain purchase. Hang in there. TechCrunch Top 3 Image Credits: Getty Images 🗣️ Musk's meddling: Donald Trump's presidential victory was also a victory for Elon Musk, who's been a vocal supporter of the former president in recent months. But what does a Trump victory mean for Musk, his businesses, and economic policy in the U.S.? We take a look. Read more 👀 Trump's take on AI: Before he was elected, President-elect Donald Trump said if he made it to the White House, he was going to cancel President Joe Biden's executive order regarding AI. Kyle Wiggers dives into what a Trump presidency could mean for policy in that sector. Read more 🧵 For You fumbles: Did you doomscroll on Threads last night as you awaited election results? You aren't alone. Sarah Perez reports that users turning to Threads' "For You" feeds were frustrated by its jumbled and outdated order, which isn't helpful in the wake of an event like an election. Read more   A Message from Deel Prepare for your next business move with our International Hiring and Compliance Guide At Deel, we've simplified a world's worth of global hiring information. Our expert teams can help you navigate quick and compliant hiring in 150+ countries and so much more. Download our guide, grow your team   Afternoon must-reads Image Credits: Paper Boat Creative / Getty Images 💸 Deceptive Dave: The FTC announced it plans to take action against fintech Dave for alleged deceptive marketing practices surrounding the app's language regarding cash advances. Read more ☀️ Inflation Reduction Act: There are many aspects of 2022's Inflation Reduction Act that Trump takes issue with, like solar and wind tax credits. But Tim De Chant argues that despite his displeasure with the act, there isn't much he can do. Read more 💬 OpenAI wants to chitchat: Today we confirmed that OpenAI bought chat.com, the latest addition to its extensive portfolio of domain names. As of this morning, typing chat.com now redirects users to ChatGPT. Read more 🏡 Underwriting renters: I recently learned that renting apartments in Latin America is a really restrictive process that deems many potential tenants ineligible. MoradaUno looks to take on tenants' risk and get more people into rentals. Read more 😎 Perplexity impresses: While many AI labs sat this election out — for good reason, considering how much AI hallucinates — Perplexity decided to set up an election hub. Maxwell Zeff looked into how accurate Perplexity's information was last night and was pleasantly surprised. Read more 🙈 Speaking of AI models on election night: While Perplexity was able to provide mainly accurate information regarding the election, the same couldn't be said for X's Grok. Grok instead produced a lot of misinformation, including calling state results before polls even closed. Read more   A Message from KPMG Private Enterprise Experience some of the world's most innovative companies What's the next disruption in AI? Bio-tech? Eco-tech? Register to join the Global Tech Innovators competition and get the scoop on the coolest new companies, brought to you by KPMG Private Enterprise. Join us live from Lisbon, November 13. Learn More   Around the web ☕ CEOs get cozy: Despite difficulties working with Trump in the past, many tech CEOs, including Tim Cook and Mark Zuckerberg, are cozying up to the future leader today. The Verge rounds up all the reactions. Read more 🎰 Lost in translation: Fortune has a fun story that looks at a few different stocks in China that started trading rapidly overnight. Why? Because in Chinese, their names resemble Donald Trump and Kamala Harris. Read more Featured jobs from Crunchboard Senior Data Warehouse SQL Developer, Washington Dept. of Natural Resources (Olympia, WA) Pharmacy Epic Application Analyst, OFFSITE (Toppenish, WA) Chief Technology Officer, Mary McDowell Friends School (Brooklyn, NY) Senior Software Engineer, Dyna Robotics (San Francisco, CA) IT Technology Analyst, Pennsylvania Turnpike Commission (Middletown, PA) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $349 per month.   Check out some of our other newsletters: Startups Weekly TechCrunch AI TechCrunch Mobility 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. Update your preferences here at any time Copyright © 2024 TechCrunch, All rights reserved.Yahoo Inc. 110 5th St,San Francisco,CA Privacy Policy

Lyft to start offering robotaxis rides in 2025

Also: Nvidia becomes the world's most valuable company

View this email online in your browser By Rebecca Bellan Wednesday, November 6, 2024 Welcome to TechCrunch AM! This morning, we're looking at more executive departures at Canoo, Lyft foraying into the robotaxi space, and the EU cracking down on major tech firms. We've also got an AI startup making lives easier for medical researchers, Nvidia's soaring valuation, what generative AI means for art, how Trump's imminent win is causing crypto to boom, and more. Let's dive in! — Rebecca TechCrunch Top 3 Image Credits: Canoo 1. Without a paddle: EV startup Canoo has lost its CFO and head lawyer, the latest in a string of executive departures as the company struggles to stay afloat. The departures come just a few weeks after the company closed its original HQ in Los Angeles to prioritize its operations in Texas and Oklahoma. Read More 2. Robotaxis galore: Lyft is hoping to catch up to Uber's string of autonomous vehicle partnerships. The ride-hail company said it is partnering with May Mobility and Mobileye to start offering AVs on its app in Atlanta starting next May. Read More 3. Can't hide behind glass: The EU has opened an antitrust investigation into U.S. mobile device glass manufacturer, Corning. The Commission alleged that Gorilla Glass maker may have abused its dominant position as a supplier in the global market for protective glass screens. Read More   A Message from Grammarly Decode AI ROI: Measure What Matters Most leaders recognize AI's potential, but few know how to measure its value. Join Grammarly's top experts for a webinar designed to guide you through an objective, data-backed approach to AI measurement. Learn how to justify scaling with confidence—focusing on the metrics that matter most to your business. Secure Your Seat   Morning must-reads Image Credits: Apple 🍎 EU takes a bite out of Apple: The iPhone maker is reportedly going to be hit with the EU's first major Digital Markets Act fine, per Bloomberg. We don't yet know how big the fine will be, but it could be up to 10% of Apple's global annual turnover — likely to be tens of billions of dollars. Read More 🩺 Automating the boring stuff: No one likes administrative work, and after working for 14 years as a medical researcher and doing tasks that didn't require any medical expertise, Amber Hill was done with it. She started Research Grid to automate away the administrative drudgery involved in clinical trials, and the startup just raised $6.5 million to make researchers' lives easier. Read More 🚀 Jensen Huang is going to print more leather jackets: Nvidia just surpassed Apple to become the world's most valuable company, riding high on the AI wave. The chipmaker was valued at $3.43 trillion when markets closed on Tuesday. For reference, that's more than the GDP of countries like India, the U.K. and France. Read More 📉 After the peak comes the trough: Meanwhile, Apple has warned its investors that its new and future products may never be as profitable as the iPhone. The company has its fingers in many pies, pursuing AI, mixed-reality headsets and other hardware, but a revolutionary product remains across the horizon. Read More 🔍 Find my everything: Apple could soon let users use a link to share the location of lost or missing items via the Find My app with people who are not in their contacts. I can see this coming in handy for lost luggage that has an Airtag attached. Read More 💰 VC for Iberia: Lisbon-based venture firm Faber is doubling down on the Iberian Peninsula, which is home to Spain and Portugal. The VC has launched its third fund with a first close of about $33.9 million, and aims to raise about $64.2 million in total. Read More   A Message from Carta What's your burn rate? How quickly is your company spending cash, really? Use Carta's free burn rate calculator to find out how much runway you have, and when you need to think about fundraising next. This calculator measures both gross and net burn rate. Learn More   Around the web 🔮 Crypto's celebrating already: Presidential candidate Donald Trump has signaled that he would step back and let the crypto industry do its thing. So as it increasingly looks like Trump will return to the White House, the price of bitcoin has hit a new high, climbing above $75,000, per the AP. Read More 🎮 Switch away: Nintendo says the Switch's successor is going to be backwards compatible with all the games you could play on the OG Switch, according to Reuters. That's bound to be a good thing for both Nintendo and gamers because there's eight years' worth of games on the market for that console. Read More 🛡️ More consolidation in cybersecurity: CrowdStrike has acquired Israeli cybersecurity startup Adaptive Shield. The companies didn't disclose the terms, but Calcalist is reporting that CrowdStrike will shell out $300 million for the SaaS security startup. Read More Before you go Image Credits: Katelyn Tucker/ Slava Blazer Photography 🎨 What is art? As generative AI gets better at producing music, art and literature, what's in store for artists? One TechCrunch Disrupt panel explored the inevitability of generative AI art, how artists can use it as a tool, and the legal problems associated with unlicensed use of copyrighted music and art to train AI models. Read More Featured jobs from Crunchboard Senior Data Warehouse SQL Developer, Washington Dept. of Natural Resources (Olympia, WA) Pharmacy Epic Application Analyst, OFFSITE (Toppenish, WA) Chief Technology Officer, Mary McDowell Friends School (Brooklyn, NY) Senior Software Engineer, Dyna Robotics (San Francisco, CA) IT Technology Analyst, Pennsylvania Turnpike Commission (Middletown, PA) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $349 per month.   Check out some of our other newsletters: Startups Weekly TechCrunch AI TechCrunch Mobility 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. Update your preferences here at any time Copyright © 2024 TechCrunch, All rights reserved.Yahoo Inc. 110 5th St,San Francisco,CA Privacy Policy