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.
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458 storiesFlock 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.
Automattic rebuilds board after failed attempt to oust Mullenweg
Automattic CEO Matt Mullenweg installed a new board — including a sci-fi novelist and two co-founders of the defunct app IRL — weeks after directors tried and failed to remove him.
Anthropic's founders seek 50.1% voting control ahead of IPO
Anthropic is asking shareholders to approve super-voting shares giving CEO Dario Amodei and his co-founders 50.1% control, according to The Information.
ElevenLabs pacing at $600 million ARR, reportedly valued at $22 billion
ElevenLabs' CEO says the voice-AI company is pacing at $600 million in annual recurring revenue and is reportedly valued at $22 billion by its backers.
Lovable's annualized revenue tops $600M as vibe coding surges
Lovable's co-founder said the vibe-coding startup's annualized revenue crossed $600 million, up from around $500 million in June, as its enterprise business expands.