The Brutalist Report - tech
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- Sources: YouTube has held talks with publishers in recent months about an audiobook feature that could be ready next year and may be bundled in YouTube Premium (Wall Street Journal) [8d]
- Jio Platforms seeks to raise up to $3.2B in India's largest IPO, which would value it at as much as $108.3B; the offering opens October 21 and closes October 23 (Reuters) [8d]
- Eight US states sue OpenAI separately in a bipartisan effort, alleging it didn't implement sufficient safeguards to protect kids and other vulnerable users (Cassandre Coyer/Bloomberg Law) [8d]
- Shareholders for both Fox Corp. and Roku approve Fox's $22B acquisition of Roku; Fox expects the deal to be finished in H1 2027, subject to regulatory clearance (Todd Spangler/Variety) [8d]
- Sources: Anthropic told investors that its revenue jumped to $16.8B in Q3, up from $11.5B in Q2, and that the company was profitable on an adjusted basis in Q3 (Financial Times) [8d]
- Apple closes above a $5T market cap for the first time, the second company after Nvidia to do so; Apple had crossed $5T six times intraday previously (Rolfe Winkler/Wall Street Journal) [8d]
- Zenzap, a private messenger with AI agents that aims to replace apps like WhatsApp in the workplace, raised $44M from Bessemer, Lightspeed, and others (Ivan Mehta/TechCrunch) [8d]
- YouTube Music rolls out labels for songs created with the help of AI; Spotify has AI labels, and Apple Music plans to add "Made With AI" labels later this year (Lauren Forristal/TechCrunch) [8d]
- No new articles in the Past 3 Hours.
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