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Tech Across the Globe

Uber-Waymo expansion: Uber began offering customers in Atlanta rides in self-driving cars from Alphabet Inc.’s Waymo, making it the second market where the companies are joining together rather than competing.

Xbox job cuts: Microsoft will conduct another round of job reductions at its Xbox division as part of a companywide reorganization. It will be the fourth significant job cuts at the gaming unit in the past 18 months.

AI hackbot: An artificial intelligence tool from startup Xbow that seeks out vulnerabilities in corporate networks has topped a prestigious security industry US leaderboard. It’s the first time a company’s AI product has been first in HackerOne’s rankings.

Revalued

Popular online betting platform Polymarket is close to completing an investment of more than $200 million led by Peter Thiel’s Founders Fund. The fundraising for the site, which is banned for US users, would value the company at about $1 billion.

Must Read

Chipmakers have pledged hundreds of billions of dollars to build and equip new US manufacturing plants, satisfying policymakers’ demands for a revival of the domestic chip industry, reports Ian King in today’s Tech In Depth. But those commitments depend, as such spending has in the past, on ever-fluctuating market demand, he writes. 

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This Week in Power On

Apple has long shied away from major acquisitions, choosing to fill voids in its technology internally or with deals for small companies, Mark Gurman writes in this week’s Power On. But the failure thus far in the race to deploy artificial intelligence may force Apple to buy its way back into the competition with a big deal, he writes.  

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