OpenSea's valuation -90% to $1.4B, as Coatue's 2021 fund -20%
Top stories today:
- OpenSea's valuation -90% to $1.4B, Coatue's 2021 fund -20%
- Google rolls out generative AI tools for Ads
- Israel enters “heart of Gaza City”, as U.S. rebuffs reoccupation
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. OpenSea's valuation -90% to $1.4B, as Coatue's 2021 fund -20%
Coatue was at -30% in September.
The 2021 vintage of VC funds is running negative, at the median, according to Cambridge Associates data as of March.
Moonpay also marked -90%.
2. Google rolls out generative AI tools for Ads
Performance Max uses AI to generate images, headlines, and descriptions:
Performance Max can also generate different backgrounds for images
Available in beta in the U.S.
Once accepted, you’ll join your own personal Sidebar group of highly vetted peers, a professional coach, and custom programming to drive impact in your career.
Members join a virtual community with messaging and connect in fast-paced meetings to solve their biggest challenges at work, faster.
Employer reimbursements possible: many Sidebar members get their membership fees covered by their employer.
4. Israel enters “heart of Gaza City,” as U.S. rebuffs reoccupation
Israeli army reaches tunnels deep in Gaza City.
White House favors “transition period”, no occupation of post-war Gaza.
Israel: we don't want to govern Gaza.
U.S. bases continue being attacked by Iran-linked groups.
Shekel jumps to 3.84, stronger than pre-war.
Saudi Minister: normalization remains on table.
Hezbollah: war participation reduces pressure on Gaza.
2 Iron dome batteries being leased by Israel from U.S.
Rep. Tlaib censured by House (234-188) over Israel remarks.
5. Bloomberg Media hits 500K paying subscribers
6. Trump's $3.1B portfolio, visualized
Up from $2.6B in 2021.
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8. Interesting videos, posts, and memes
9. Other headlines
Amazon developing Olympus AI, announcement likely in Dec.
IBM launches $500M enterprise AI VC fund.
Microsoft giving startups free access to AI in Azure, starting with YC.
Oracle infrastructure partnership announced.
AI ETF launched by LG, Qraft.
Stability AI announces strategic funding, amount of $ TBD.
Baidu orders AI chips from Huawei, in shift from NVIDIA.
Samsung announces its generative AI Gauss.
FTC attacks AI in rare filing to Copyright Office.
Uber's revenue +11% YoY to $9.3B in Q3.
eBay's revenue +5% to $2.50B.
Nintendo's revenue -4% to $2.2B, to make live-action Zelda movie.
Rivian's revenue +20% to $1.34B, as it raises production forecast.
Carlyle's revenue -34% to $717M.
Datadog's revenue +25% to $548M.
Robinhood's revenue +29% to $467M.
Bumble's revenue +18% to $275.5M
Apple delays new software updates to focus on bugs.
WhatsApp “next chapter” of Meta: Zuckerberg interview.
Search message by date being rolled out.
GTA VI may be announced this week.
01 Advisors, led by ex-Twitter CEO Costolo, raises $395M fund.
Zeus Living, Airbnb-backed leasing startup, shutting down.
Sidebar is a leadership program that accelerates your career.*
Sportradar: NBA player tracking measures usage like never before.*
Tech & law
Meta to require political ads to disclose AI-generated content.
iMessage: Google, others urge EU to regulate it as “core” service.
Google paid $360M to Activision to ensure games on Play Store.
Meta former employee: execs ignored Instagram's harm to teens.
CFPB regulator wants to extend rules to payment apps.
Microsoft offering politicians tool to combat deepfakes.
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