Wednesday, November 6, 2024

Welcome to TC PM! The election is over, and today we're diving into what the results mean for AI, the climate, and Elon Musk. In non-election news, we are also looking at allegations the FTC is making about fintech Dave and we check out OpenAI's recent domain purchase. Hang in there.

TechCrunch Top 3

Image Credits: Getty Images

🗣️ Musk's meddling: Donald Trump's presidential victory was also a victory for Elon Musk, who's been a vocal supporter of the former president in recent months. But what does a Trump victory mean for Musk, his businesses, and economic policy in the U.S.? We take a look. Read more

👀 Trump's take on AI: Before he was elected, President-elect Donald Trump said if he made it to the White House, he was going to cancel President Joe Biden's executive order regarding AI. Kyle Wiggers dives into what a Trump presidency could mean for policy in that sector. Read more

🧵 For You fumbles: Did you doomscroll on Threads last night as you awaited election results? You aren't alone. Sarah Perez reports that users turning to Threads' "For You" feeds were frustrated by its jumbled and outdated order, which isn't helpful in the wake of an event like an election. Read more

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Afternoon must-reads

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💸 Deceptive Dave: The FTC announced it plans to take action against fintech Dave for alleged deceptive marketing practices surrounding the app's language regarding cash advances. Read more

☀️ Inflation Reduction Act: There are many aspects of 2022's Inflation Reduction Act that Trump takes issue with, like solar and wind tax credits. But Tim De Chant argues that despite his displeasure with the act, there isn't much he can do. Read more

💬 OpenAI wants to chitchat: Today we confirmed that OpenAI bought chat.com, the latest addition to its extensive portfolio of domain names. As of this morning, typing chat.com now redirects users to ChatGPT. Read more

🏡 Underwriting renters: I recently learned that renting apartments in Latin America is a really restrictive process that deems many potential tenants ineligible. MoradaUno looks to take on tenants' risk and get more people into rentals. Read more

😎 Perplexity impresses: While many AI labs sat this election out — for good reason, considering how much AI hallucinates — Perplexity decided to set up an election hub. Maxwell Zeff looked into how accurate Perplexity's information was last night and was pleasantly surprised. Read more

🙈 Speaking of AI models on election night: While Perplexity was able to provide mainly accurate information regarding the election, the same couldn't be said for X's Grok. Grok instead produced a lot of misinformation, including calling state results before polls even closed. Read more

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Around the web

☕ CEOs get cozy: Despite difficulties working with Trump in the past, many tech CEOs, including Tim Cook and Mark Zuckerberg, are cozying up to the future leader today. The Verge rounds up all the reactions. Read more

🎰 Lost in translation: Fortune has a fun story that looks at a few different stocks in China that started trading rapidly overnight. Why? Because in Chinese, their names resemble Donald Trump and Kamala Harris. Read more