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A couple of quick things: Apply now to post at TechCrunch Live’s Atlanta pitch-off. Also, today’s headliner of an article is Devin, who reports that acapella allows anyone to support their own voice. Up until literally 10 seconds ago, we didn’t know that was even possible, and now we really want to do it.
TechCrunch’s Top 3
- A big bet on AI: Like other Big Tech companies, as we have already talked about, IBM took its turn this week and announced what Kyle IBM, including Watson, “provides tools for building AI models and provides access to pre-trained models for generating computer code, text and more,” he writes.
- More layoffsLinkedIn has discontinued its Chinese Jobs app, and will run 716 jobs. Catherine Reports. The company attributed the app’s demise to a “highly competitive and challenging macroeconomic climate.”
- I have to payA new WhatsApp feature allows users to pay businesses within the app. It is already doing rounds in South America and Asia and has now landed in Singapore. Ivan Reports.
Startups and VCs
Shopify announced last week that it is the latest Big Tech company to undergo mass layoffs. The company is cutting 20 percent of its 11,600 jobs. The news came on the heels of earnings that beat Wall Street expectations, sending the stock higher as a result. The announcement also included news that the Canadian e-commerce giant had acquired a new owner for 6 River Systems, which it bought in 2019 for half a billion dollars. Brian.
UVeye’s automated vehicle inspection technology may have started as a system to identify safety risks, but the six-year-old Israeli startup has received significant interest and investment from the automotive sector, and the startup has secured a $100 million investment round from GM. and CarMax, among others; Kirsten Reports.
And we have five more for you:
Hiding in plain sight: 5 red flags for investors
Investors evaluate hundreds of points every year, which means they are forced to make decisions quickly. It’s not a very good system – because it’s mostly based on relationships, bias is baked into the recipe.
And because of the fast pace of transactions, “even the most experienced angel investors — and VCs — can spot red flags that are subtle and not immediately apparent,” writes Marjorie Radlo-Zandy.
Drawing from her years as a consultant, angel, and board member, she shares five situations that should give investors second thoughts — for example, “The founder has a romantic or spousal relationship with an employee.
Two more from the TC+ team:
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Big Tech Inc.
Niantic’s new game Peridot features cuteness overload. in fact, Amanda If you remember the toy from the 1990s, he called it “Pokémon GO meets Tamagotchi.” Amanda describes the game as a “pet simulator, but it takes place entirely in augmented reality (AR). You can feed, play, walk, breed and interact with your Peridots, but don’t worry – if you take a break from the game, your creatures won’t scurry across your screen and/or die.
Meanwhile, TikTok parent ByteDance is eyeing a new role as an e-publisher in the United States, even going so far as to file a trademark application with the US Patent and Trademark Office under the name “8th Note Press” to publish products and services for books. He said. Rita It has more.
And we have five more for you: