Aug 1, 2025 5 min read Daily Rundown

⛵ Reddit Eyes Google

More Stories: Grab Gets Wings, Visa’s Stablecoin Sprint

Good Morning, Early Adopters!

The pipes of the internet economy are being re-plumbed—by apps, not governments—and the weird part? It’s kind of working.

SEARCHING

Reddit Wants to Be a Search Engine Now

👀 What’s the move: Reddit is merging its legacy on-site search with the AI-powered “Reddit Answers” into one unified, default experience. CEO Steve Huffman says the goal is for Reddit to become a full-fledged search engine — not just a forum where people land via Google, but a place they start searching.

💡 Why it’s not boring: This isn’t just a UI tweak — it’s a counteroffensive. With AI search engines cannibalizing link clicks and SEO getting nerfed, Reddit is trying to close the loop: control the search layer and the UGC. They already license data to OpenAI and Google; now they want a piece of the interface. It's a hedge against dependency — and a bet that trust in “real people” will outperform trust in algorithmic summaries.

⛵ Key takeaway: Reddit’s turning from content farm to search gatekeeper — because in the AI era, whoever owns the question owns the traffic.

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DELIVERY

Grab Looks to the Skies Before the Streets Collapse

👀 What’s the move: In a move that feels equal parts sci-fi and survival, Grab — the super app behind Southeast Asia’s rides, food, and payments — is launching a drone delivery pilot in the Philippines, teaming up with regulators and Megaworld. As Southeast Asia’s traffic-choked cities buckle under last-mile chaos, Grab’s quietly testing what could become its next logistics backbone.

💡 Why it’s not boring: This isn’t just a moonshot — it’s an escape hatch. With 89% of revenue still tied to humans on motorcycles, Grab’s betting that controlling airspace could be its edge before the competition realizes delivery doesn't need roads. The drone test is less about today’s orders and more about tomorrow’s autonomy war — with local skies as the next battleground.

⛵ Key takeaway: When the ground game gets crowded, smart platforms start building their empire vertically.

STABLECOINS

Visa Wants to Be SWIFT for Stablecoins

👀 What’s the move: Visa just added support for two more dollar-backed stablecoins (Global Dollar and PayPal USD), two more blockchains (Stellar and Avalanche), and euro-backed EURC to its global settlement network. This expands its crypto rail coverage beyond Ethereum and Solana, and shows it's doubling down on stablecoins as next-gen clearing infrastructure.

💡 Why it’s not boring: While banks still debate digital asset exposure, Visa is quietly building a multicoin, multichain switchboard for moving money. It’s not betting on speculative crypto—it’s cornering the boring, backend plumbing of finance. Think SWIFT, but programmable, instant, and blockchain-native. With U.S. regulators now softening their stance, Visa’s setup starts to look like regulatory arbitrage in motion.

⛵ Key takeaway: Visa isn’t playing the crypto game—it’s rewriting the scoreboard.

STARTUP SPOT

🛵 Grab
“Super‑app powered by AI + payments.”
Platform combining ride‑hail, food/grocery delivery, digital finance + AI tools for drivers/merchants and GrabPay micro‑loans → dynamic pricing, route optimization, GrabGPT assistant, expanding AI in financial inclusion.
→ Founded 2012 by Anthony Tan & Tan Hooi Ling; public on Nasdaq; operates across SEA with ~2.8 B revenue in 2024; just posted $819 M Q2 revenue (+23 % YoY) led by Indonesia, delivering a $20 M quarterly profit vs. loss prior year. Raised $1.5 B via convertible notes, share buyback program underway; pursuing Grab‑GoTo merger amid regulatory scrutiny; digital banking (Superbank, OVO) to reach >1B loan book and deposit base hitting ~$1.5 B in H2 2025.

💭 Genesys
“Agentic AI powering CX orchestration.”
AI-first contact center suite—Genesys Cloud delivers experience orchestration tools like AI Guides, Virtual Agents, summarization, predictive routing, analytics at scale across voice, social & digital channels.
→ Founded 1990 by Shenkman & Miloslavsky; acquired by Permira/TCV (2012) and Hellman & Friedman (2016); $580M late-stage raised 2021 at a $21B valuation led by Salesforce & ServiceNow. Revenue hit ~$2.1B ARR in early FY 2026 (35% YoY); NRR >120%; serving 8,000+ orgs globally; proprietary AI orchestration with guardrails; confidential IPO filing underway.

💰 Airwallex
“Global fintech with AI‑driven finance OS.”
Platform for cross‑border payments, corporate accounts, cards, spend/t‑reasury tools & AI-powered decision support like “Yield” savings → scaling beyond borders with machine‑learning routing, FX pricing & embedded finance.
→ Founded 2015 in Melbourne (founders Jack Zhang, Lucy Liu, Max Li, Xijing Dai, Ki‑lok Wong); HQ now Singapore; serves ~150k businesses in 130+ countries, processed $130 B+ volume annually, 90% YoY rev growth to ~$720M ARR in March 2025. Just raised $300M Series F (incl. secondaries) led by Visa and Square Peg;

BAY AREA MEMOS

Apple reports its strongest revenue growth in four years, fueled by a 13% surge in iPhone sales.
Reddit's revenue gets a boost from its strategic focus on AI-powered advertising and data licensing deals.
Coinbase pivots to the future of crypto utility, highlighting cross-border B2B payments with stablecoins amid lower-than-expected earnings.
Salesforce and ServiceNow are jointly investing $1.5 billion in customer service AI software provider Genesys.
Cloudflare beats second-quarter expectations with strong revenue and a 36% jump in large customers.

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