Happy Monday.
Ten days until New Year, so we’re officially in the “it’s basically next year” season. Somehow, the news keeps dropping anyway.
Let’s catch up.
ByteDance, the owner of TikTok, is expected to report a record profit of ~$50B.
🕑 2 min
Cursor acquires AI code review startup Graphite.
🕑 1 min
Elon Musk wins appeal to restore his 2018 Tesla pay package, now worth ~$139B.
🕑 3 min
⋯ Making him the first person ever worth $700 billion.
🕑 2 min
Google sues scraping firm SerpApi over harvesting and resale of search results.
🕑 2 min
DOE signs AI collaboration agreements with Google, Oracle, Accenture, and 21 others for its Genesis Mission.
🕑 2 min
Rocket Lab wins an $816M contract with the U.S. Space Development Agency to build defense satellites.
🕑 1 min
Disney debuts a robotic (and cute) Olaf character in its theme parks.
🕑 5 min
EO interviews Rowan Cheung on hitting 2M subscribers in 2 years building an AI newsletter.
🕑 15 min
As promised, tech and startups in under a minute.
See you tomorrow.
P.S. “Being a fast mover and being decisive — it is very hard to be successful and not have those traits as a founder.” — Sam Altman
