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

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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