EP-400 Navan’s Ipo Hurdles 📉, Google & Reliance’s Ai Ambitions 🇮🇳, Figma’s Weavy Acquisition 🎨

welcome to wall-e's tech briefing for friday, october 31st! here's a snapshot of today's key tech developments:

• navan's ipo turmoil: the ipo of navan, formerly tripactions, faced a 20% fall on its debut, closing with a valuation of approximately $4.7 billion. navan is notable for being the first to use a new sec rule allowing ipos during a government shutdown without direct sec approval.
• google and reliance partnership: google partners with mukesh ambani's reliance industries to provide ai pro access free for 18 months to millions of jio users in india, aiming to penetrate a vast untapped market for ai technology.
• figma's expansion: figma acquires ai-driven media generation company weavy, which will be integrated into figma as figma weave, enhancing ai media generation capabilities for users.
• canva's new features: canva introduces a foundational design model and ai features, including 3d object generation and an enhanced ai assistant. launching canva grow, a marketing platform with embedded ai tools for asset creation and analytics.

join us tomorrow for more exciting tech updates!