TechCrunch Top 3

Why Benchmark made a rare crypto bet on trading app Fomo with $17M Series A: The founders of Fomo, a consumer crypto trading app that launched in May, took an unusual route to raising capital. Read More

Spotify now lets you see weekly listening stats: Spotify is adding new feature called "Listening stats" that will show users weekly numbers about their listening habits. Read More

Inception raises $50 million to build diffusion models for code and text: Diffusion models already power AI image generators, but Inception thinks they can be even more powerful applied in software development. Read More

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Morning Must-Reads

Perplexity to pay Snap $400M to power search in Snapchat: Snap said today that it has signed a deal with AI-powered search engine Perplexity to power a new chatbot. As part of the deal, Perplexity will pay Snap $400 million in cash and equity. Read More

Apple nears deal to pay Google $1B annually to power new Siri, report says: Apple is turning to Google's technology to help revamp Siri and power a slate of upcoming features for the voice assistant. Read More

Lucid Motors' chief engineer leaves after 10 years: Eric Bach, who was once the director of engineering at Tesla, is out amid a larger executive shake-up at the company. Read More

Lina Khan to co-chair NYC mayor-elect Zohran Mamdani's transition team: Khan's appointment sends a message to the tech industry, whose most powerful players have already been critical of Mamdani, a Democratic socialist. Read More

Cluely's Roy Lee hints that viral hype is not enough: Lee declined to share Cluely's financial metrics just four months after boasting how quickly the startup is growing. Read More

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Last but Not Least

Google Maps upgrades navigation in India with Gemini, safety alerts: India becomes the second market after the U.S. to get Gemini-powered navigation on Google Maps. Read More