Good Evening!
Your product might be featured on Amazon without you even knowing.
Here are the 7 things you missed today:
1. 💰 xAI Raised $20Bn in Series E Funding
Grok’s getting popular. xAI, Elon Musk’s AI company behind the controversial chatbot, has raised $20 billion in a Series E funding round. The round included investments from Valor Equity Partners, Fidelity, Qatar Investment Authority, and Nvidia and Cisco as “strategic investors.” (TechCrunch)
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3. 😳 LMArena Landed a $1.7Bn Valuation Only 4 Months After its Product Launch
That’s a pretty good four months. LMArena, a startup that originally launched as a UC Berkeley research project in 2023 known for its crowdsourced AI model performance leaderboards, has raised a $150 million Series A at a post-money valuation of $1.7 billion. The round was led by Felicis and the university’s fund, UC Investments. (TechCrunch)
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5. 😬 Your Product Might Be Featured On Amazon Without Your Permission
If you don’t want your product on Amazon… it might still be there. The marketplace’s “Buy For Me” feature allows users to purchase products from third-party websites without leaving Amazon’s app or site, leading to many merchants to being featured on the platform despite never opting into the program. (Modern Retail)
Big news for hedge funds. Comerica shareholders approved a $10.9 billion sale to larger rival Fifth Third Bancorp, ignoring an activist hedge fund's calls to block the deal after having initially urged the bank to put itself up for sale. The merger is expected to close in 2026 Q1 and will create the ninth-largest U.S. bank with combined assets of $290 billion. (Reuters)
7. 🤔 The Most Bizzare Tech Announced at CES (So Far)
Ever wondered “who is this product for”? If not, you will after you see these latest CES releases. This year’s wildest products include: an AI anime companion that watches you from your desk, an AI baby panda robot for elderly care, an ultrasonic chef’s knife that vibrates when slicing and dicing, a music-playing lollipop that delivers music through bone conduction while in your mouth. (TechCrunch)
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