Rivian's plans, Google Bard's new feature & Coatue slashes its bet by 90% - SVC 11/7/23

Here is a summary of the key points from the news update:

- A former Facebook engineering director testified to Congress that Meta executives ignored warnings about Instagram's potential harms to teens. Meanwhile, tech companies announced an initiative to share signals about potential child predators.

- Epic Games' lawsuit against Google over alleged monopolistic practices began. OpenSea's valuation has plummeted from $13B to under $1.4B.

- Several large fundraises occurred, including $60M for Black Ore Technologies, $120M for Enable, and $105M for May Mobility. Other notable rounds went to Cast AI ($35M), Curious ($16M), and Finkargo ($20M).

- IBM launched a $500M venture fund focused on enterprise AI. A new €30M fund called Yellow launched to invest in Southern Europe.

- Circle Internet is considering going public again after a failed SPAC attempt last year.

- There are concerns about privacy and conversation monitoring with Google Bard's new "human review" feature. Actors may gain more control over use of their scans after a deal with studios.

- Other news: Rivian vans no longer Amazon exclusive, Masayoshi Son's reputation post-WeWork, Orcas sinking yachts.