- TWiST Ticker
- Posts
- Amazon earnings, Google to invest up to $2B more in Anthropic
Amazon earnings, Google to invest up to $2B more in Anthropic
Amazon Q3 earnings: revenue: $143.1B (+13% y/y), net income: $9.9B (+244% y/y), AWS revenue: $23.1B (+12% y/y), ad revenue: $12.1B (+26% y/y); shares were up 6%+ on the news - Link
Tata Group will start manufacturing iPhones in India after acquiring Wistron’s India segment for ~$125M - Link
WSJ sources: Google will invest another $500M into Anthropic with the ability to invest up to $1.5B more after its initial $550M investment earlier this year - Link
Cruise has paused all driverless operations after the CA DMV suspended its robotaxi permits earlier this week - Link
Squarespace. Turn your idea into a new website! Go to Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.
Jason kicks the show off with a discussion on the state of venture capital in the Middle East (1:34). Then, he breaks down Q3 earnings reports for Google, Microsoft, and Snap (18:12), and much more! - Link
The Information sources: Humane pushed back the planned 10/14 announcement of its AI Pin’s full features to 11/9 due to reports of investor Sam Altman and Jony Ive working on a separate AI hardware device broke - Link
Bloomberg sources: Elon Musk and Linda Yaccarino discussed creating a press release service called XWire at a recent all-hands meeting - Link
Cranium, an NJ-based startup spun out of KPMG that offers enterprise AI security tools, raised a $25M Series A led by Telstra Ventures - Link
WSJ sources: Flexport is discussing acquiring the technology of Convoy, a digital freight startup that recently folded, to expand its footprint in the US trucking market - Link
This Week in Startups
Squarespace - Use code TWIST to save 10% off your first purchase of a website or domain
Notion - Try Notion Projects for free today
OpenPhone - Get 20% off your first six months