Jio seeks up to $3.2B in what could be India's biggest IPO
Jio Platforms is seeking up to $3.2 billion in an IPO that could become India's largest, testing public-market appetite for the Ambani-controlled telecom giant.
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462 storiesUS electric vehicle sales rebound after tax-credit shock
US EV sales grew for a third straight quarter, reaching 6.1% market share, as Toyota, Rivian and Subaru gained ground while Tesla's sales fell 20%.
Netflix lays off about 1,000 staff as competition for viewers intensifies
Netflix is laying off close to 1,000 staff, about 6% of its workforce, mostly in product, tech, legal, and HR, as competition for viewer attention intensifies.
Bumble agrees to $1.3 billion take-private deal with Ithaca Holdings
Bumble has agreed to a $1.3 billion acquisition by Ithaca Holdings that will take the dating app private, after years of declining subscribers and revenue.
Automattic loses its interim CFO weeks after boardroom shakeup
Automattic's interim chief financial officer, Jeremy Klaperman, has left the role after less than a month, with sources telling TechCrunch he had been demoted back to his prior job.
Flock cuts staff as backlash to its surveillance cameras grows
License-plate-reading camera maker Flock is cutting its workforce by about 18%, or around 270 employees, following months of privacy backlash and reporting that it was pushing staff to leave.
OpenAI tells investors revenue is some $20B below earlier reports, FT says
The Financial Times reports OpenAI told investors its annualized revenue is "approaching $50 billion," about $20 billion below the roughly $70 billion figure reported a week earlier.
Paramount completes $110B Warner Bros. Discovery deal, forms Skydance
Paramount said Tuesday it has completed its $110 billion acquisition of Warner Bros. Discovery, combining the two companies into a new entertainment giant called Skydance.
Lucid's EV output falls to lowest level in almost two years
Lucid Motors built 2,954 EVs in the third quarter, a 54% drop from a year ago, as the company deliberately limits production to better match demand.
Tesla keeps its EV sales momentum despite US weakness
Tesla sold more than 480,000 EVs in the third quarter, beating Wall Street estimates even as its U.S. sales remain down nearly 20% year-over-year.
Rivian's R2 launch drives it to a quarterly delivery record
Rivian delivered 19,248 vehicles in the third quarter, its best quarter ever, powered largely by the launch of its more affordable R2 SUV.
A year later, Tesla's 'abundance' vision remains vague
More than a year after Elon Musk unveiled Tesla's fourth 'Master Plan,' the company still hasn't defined what its promised era of 'amazing abundance' actually means in practice.
ElevenLabs doubles valuation to $22B in employee tender offer
Voice AI startup ElevenLabs is letting employees cash out vested equity at a $22 billion valuation, double the $11 billion mark it hit in February.
The ugly economics of consumer AI
This week's AI launches renewed hope for consumer AI, but data shows only 2.2% of consumers pay for it — economics pushing the industry toward enterprise revenue instead.
Tesla lines up $30B in credit that it could use to fund Cybercab, Optimus, Semi
Tesla secured $30 billion in new credit facilities that it could tap to help scale production of the Cybercab robotaxi, Optimus robot, and Tesla Semi.
Oura shelves $2.2B IPO, citing market 'uncertainty'
Smart ring maker Oura has postponed its up to $2.2 billion IPO indefinitely, citing "uncertainty in the IPO market."
Anthropic's IPO filing warns its AI could end humanity
Anthropic's IPO prospectus devotes nearly a third of its pages to risk factors, including warnings that its AI could pose existential risks to humanity.
Aurora CFO defends more than 30,000 driverless trucks by 2030 goal
Aurora's CFO says its 2030 target of more than 30,000 driverless trucks and $5 billion in revenue isn't as aspirational as it sounds.
Meta launches Enterprise Platform, hires MongoDB's CEO
Meta launched Meta Enterprise Platform on Monday and hired MongoDB CEO Chirantan "CJ" Desai to lead the push to sell its AI stack to businesses.
SpaceX's Starship reaches orbit for the first time
SpaceX's Starship rocket reached Earth orbit for the first time on Monday, losing one of six Raptor engines along the way but still deploying 26 new Starlink satellites.