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- Google’s DeepMind solved the protein folding problem. Its AI program AlphaFold can predict the shape of proteins to a high degree of accuracy, enabling researchers to better understand everything from viruses to human biological processes.
- Facebook is buying Kustomer. The transaction reportedly values Kustomer, which allows businesses to pull customer conversations from various channels into a single screen, at around $1 billion.
- The FTC and state attorneys general are going after Big Tech. Four new lawsuits are intended to determine if the internet giants improperly used their power in the online marketplace.
- Ajit Pai is leaving the FCC. Online reactions showed that people expect a relitigation of net neutrality under a Biden-appointed FCC chairman.
- Zoom reported lower margins for the quarter. CFO Kelly Steckelberg told Wall Street analysts that this was due to a higher base of free users during the quarter, including K-12 schools, who are given complimentary access to Zoom.
- Apple reportedly lobbied against a ban on Chinese forced labor. Nike, Coca-Cola, and Apple all sought to weaken proposed legislation aimed at barring US companies from relying on the forced labor of Uighurs and other Muslim minorities in China’s Xinjiang region.
- DoorDash is aiming for a $127 billion IPO. The company wants to raise $2.8 billion, setting the stage for one of the biggest floats of 2020.
- Exclusive: SpaceX may shell out billions to outsource Starlink satellite-dish production. Starlink subscribers pay $100 per month for broadband-like service, plus a $500 fee for a starter kit that includes a “UFO on a stick” user terminal, or satellite dish, part of which which costs up to $1,000 to make.
- Exclusive: Influencers complained of talent agency IQ Advantage. IQ Advantage required them to pay a $299 deposit when they signed contracts but either refused to give it back or never responded to requests to do so, 13 influencers said.
- VC Josh Elman is taking a job at Apple. Elman will stay at his firm Greylock, while helping Apple with app discovery on the App Store.