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Honda and Nissan plan major merger focused on ‘intelligence and electrification’

Japanese car giants Honda and Nissan are working out the details of a major merger that could create the world’s third-largest automaker, as the companies look to survive in an industry faced with uncertainty. The Tesla-led shift towards electric vehicles, and China’s increased importance in the automotive market, have companies like Honda and Nissan feeling […]

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Prosus buys Despegar for $1.7B, taking a bite out of Latin America’s travel sector

Yet another major investment is going down in the travel sector, underscoring its ongoing rebound after the Covid-19 pandemic. Prosus, the tech conglomerate controlled by Naspers, is paying $1.7 billion to acquire Despegar, one of the biggest online travel agencies in Latin America, to scale up its operations in the region. Despegar’s board of directors […]

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Pavel Durov says Telegram is now profitable

Telegram founder Pavel Durov said Monday that the company is now profitable. Durov said the chat app’s total revenue surpassed $1 billion in 2024. The company, which launched its premium subscription service in 2022, now has 12 million paid users. Durov also said that the app is finishing the year with more than $500 million […]

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X jacks up Premium+ prices by 37.5%, hits some markets harder

X is raising prices for its top-tier subscription service, Premium+, by 37.5% to $22 a month, marking the largest price increase since Elon Musk bought the platform in 2022. The price hike will first affect U.S. users, going up from $16, effective December 21, according to a statement. Annual subscriptions have also climbed to $229 […]

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Sriram Krishnan named Trump’s senior policy advisor for AI

Incoming president Donald Trump has confirmed reports that Sriram Krishnan, until recently a general partner at Andreessen Horowitz (a16z), will serve as senior policy advisor for AI at the White House Office of Science and Technology Policy. Trump said in a statement that Krishnan will “help shape and coordinate AI policy across government, working with […]

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Palantir and Anduril reportedly building a tech consortium to bid on defense contracts

Two big defense tech players, Palantir and Anduril, are talking to tech companies including SpaceX, OpenAI, Saronic, and Scale AI about forming a consortium to bid on Pentagon contracts, according to a report in the Financial Times. The goal, the FT says, is to challenge the dominance of “prime” defense contractors like Lockheed Martin, Raytheon, […]

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Trump says he wants to keep TikTok around ‘for a little while’

With a US TikTok ban scheduled to take effect in less than a month, President-elect Donald Trump said Sunday that he’d like to keep the app around, according to Reuters. “We’re going to have to start thinking because, you know, we did go on TikTok, and we had a great response with billions of views, […]

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OpenAI trained o1 and o3 to ‘think’ about its safety policy

OpenAI announced a new family of AI reasoning models on Friday, o3, which the startup claims to be more advanced than o1 or anything else it’s released. These improvements appear to have come from scaling test-time compute, something we wrote about last month, but OpenAI also says it used a new safety paradigm to train […]

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The biggest flops and fizzles in 2024 transportation, from Apple Car to Fisker

Autonomous vehicle technology and electrification startups were once the darlings of the VC and corporate world. The two technologies promised billions of dollars in revenue — and a new pathway for automakers to make money beyond building and selling cars.  Those VC-money-printing days have been over for AVs for a while now, with a few […]

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Apple might be working on a smart doorbell

There’s been a lot of reporting in recent months around Apple’s efforts to expand its footprint in customers’ homes with in-development products like a wall-mounted smart home hub. According to a new report in Bloomberg, that strategy could also include a smart doorbell. This doorbell would use Apple’s FaceID technology to scan people’s faces as […]

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OpenAI’s GPT-5 reportedly falling short of expectations

OpenAI’s efforts to develop its next major model, GPT-5, are running behind schedule, with results that don’t yet justify the enormous costs, according to a new report in The Wall Street Journal. This echoes an earlier report in The Information suggesting that OpenAI is looking to new strategies as GPT-5 might not represent as big […]

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OpenAI announces new o3 model — but you can’t use it yet

Welcome back to Week in Review. This week, we’re looking at OpenAI’s last — and biggest — announcement from its “12 Days of OpenAI” event; Apple’s potential entrance into the foldable market; and why Databricks is choosing to wait to go public. Let’s get into it. P.S. We’re off for the holidays! Week in Review […]

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Google pushes back against DOJ’s ‘interventionist’ remedies in antitrust case

Google has offered up its own proposal in a recent antitrust case that saw the US Department of Justice argue that Google must sell its Chrome browser. US District Court Judge Amit Mehta ruled in August that Google had acted illegally to maintain a monopoly in online search, with the DOJ then proposing a number […]

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Meet Skyseed, a VC fund and incubator backing the Bluesky and AT Protocol ecosystem

On November 15, Peter Wang posted a message requesting ideas for a new incubator and fund to support experimental projects built on the burgeoning Bluesky/AT Protocol ecosystem. Four weeks later, Skyseed emerged with an initial commitment of $1 million. This turnaround, a speed underscored by the fact that the fund doesn’t even have a website […]

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