Ashley Capoot / CNBC:
Reddit's stock closed up 7.13% today, amid a meme stocks rally driven in part by posts on r/WallStreetBets; GameStop closed up 60.10% and AMC up 31.98% — Reddit shares popped 7% on Tuesday, climbing for a second straight day after retail traders kicked off a buying frenzy of so-called meme stocks.
Bloomberg:
Polymarket, a decentralized prediction and betting market with a focus on elections, has raised $70M across two rounds, the most recent led by Founders Fund — - Founders fund, Buterin Back $70 Million Polymarket fundraising — Polymarket has become a major platform for election bettors
Ina Fried / Axios:
OpenAI's new ChatGPT voice assistant jokes, chides, apologizes, pretends to blush, and deals with interruptions, aided by building GPT-4o as a single model — - The bot spoke in a sprightly female voice, responding far faster to queries than previous generations of voice-bots …
Sarah Zheng / Bloomberg:
Uber announces plans to acquire Delivery Hero's Foodpanda business in Taiwan for $950M in an all-cash deal, expected to close in the first half of 2025 — - It aims to get approval to pick up Foodpanda by early 2025 — Uber's meal delivery arm has outperformed expectations
Georgia Gee / Wired:
Internal emails show how Evolv's gun-detection AI system made its way to NYC subway stations, despite the company saying it's not designed for that environment — NYC mayor Eric Adams wants to test Evolv's gun-detection tech in subway stations—despite the company saying it's not designed for that environment.
Ben Schoon / 9to5Google:
Meta announces Travel Mode, in beta, for the Quest 2 and Quest 3 under “Experimental features”, as a way to optimize the headset for use on moving vehicles — Meta Quest 2 and Quest 3 headsets are picking up a useful new Travel Mode which makes the VR experience easier to use in moving vehicles including on an airplane.
Wall Street Journal:
Sources: Intel is in advanced, exclusive talks for a deal in which Apollo Global Management would supply $11B+ to help the chip giant build a plant in Ireland — The investment firm is in exclusive talks to supply the chip giant with cash for a new plant.
Heather Somerville / Wall Street Journal:
As VC firms pivot to investing in startups developing defense tech for the US and its allies, some of their business ties with China still linger — Investors with connections to China are backing startups developing tech that the U.S. wants to counter Beijing
New York Times:
A look at how Elon Musk uses X to support right-wing world leaders like Narendra Modi who could help secure advantages for his businesses — Minutes after it became clear that Javier Milei had been elected president of South America's second-largest nation in November, Elon Musk posted on X: “Prosperity is ahead for Argentina.”
Matthew Green / @matthew_d_green:
Following attempts to malign Signal as insecure by Telegram's CEO and Elon Musk, a look at why Signal is widely regarded by experts as more secure than Telegram — Telegram has launched a pretty intense campaign to malign Signal as insecure, with assistance from Elon Musk. The goal seems to be to get activists to switch away from encrypted Signal to mostly-unencrypted Telegram. I want to talk about this a bit. 1/