The expense involved in recruiting, training and onboarding a new employee who turns out to be a poor fit could be equivalent to 50% of that person’s first-year salary. According to Anastasiia Kuzmenko, head of talent acquisition at Flyer One Ventures, “the biggest difference between hiring in a healthy economy and hiring now is that
Month: March 2023
Emad Mostaque, the CEO and founder of open source platform Stability AI, hinted at plans to go public in the next few years, during the Cerebral Valley AI Conference in San Francisco on Thursday. He also shut down the idea that Stability AI, an OpenAI rival and leader in the generative artificial intelligence space, will
We’re an impatient bunch here at TechCrunch+, so while we await tidied quarterly venture reports from major startup databases, we’re also running our own queries to get early looks at the state of the fundraising world. As it’s the last day of the first quarter, we’re too antsy to wait any longer to see what’s
Netflix is restructuring its film units and vowing to make fewer but better movies, according to a new report from Bloomberg, which Netflix partially confirmed. The report said the streaming giant is combining film units that produce small and midsize films, resulting in a handful of layoffs, including two longtime executives. Netflix told TechCrunch that
Anastasiia Kuzmenko Contributor Anastasiia Kuzmenko is the head of talent acquisition at Flyer One Ventures, a CEE-focused international investment firm. Navigating the current economic storm, startup founders have to focus on the key resource for their early-stage startup to survive and grow — the people. The biggest difference, however, between hiring in a healthy economy
TechCrunch Early Stage is less than three weeks away from kicking off on April 20 in the Hub of the Universe – Boston. That’s just one of Boston’s nicknames. Who knew? But listen up, because in less than 24 hours you’ll miss out on saving some big-time cash if you don’t take advantage of our
French startup Ledger has added more money to its Series C funding round. The company designs and manufactures so-called hardware wallets to secure crypto assets. In 2021, the company raised €356 million ($385 million at today’s exchange rate). And the company is adding another €100 million ($108 million) in new funding. This is an extension
Reliance’s Jio, having aggressively recruited talent from Disney’s Hotstar, is placing a substantial wager on IPL in a bid to win a large slice of India’s streaming market. Manish Singh 7 hours Mukesh Ambani’s Jio, the South Asian telecom powerhouse, has long sought to entice its customer base with a plethora of services aimed at
Apple CEO Tim Cook met China’s Minister of Commerce – coming at a time of heightened tensions between Washington and Beijing. The US company relies on China for about 20% of overall sales and Apple’s most important products are still made mostly in China. Bloomberg Technology’s Mark Gurman explains. ——– Like this video? Subscribe to
Back in February, Northspyre announced it had raised $25 million to bring costs under control for big building projects. (TechCrunch’s Mary Ann Azevedo mentioned the fundraise in her fintech newsletter.) It’s a huge industry with powerful potential — so how does a company like that tell the story of what it’s building? We’re lucky enough
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Thursdaaaaaaaaaaaaaaaaaaay! It’s one of our favorite days of the week. Definitely in the top 7. — Christine and Haje The TechCrunch Top 3 Crypto wallet in disguise: Ledger, a company that designs
Stripe competitor Checkout.com announced last month that Céline Dufétel was appointed as its new president. She had previously served as the London-based fintech startup’s CFO and COO for about 18 months before her promotion. In her expanded role, which still includes serving as the company’s COO, Dufétel oversees all operational and go-to-market teams, including finance
Netflix is adapting the “Scott Pilgrim” comic books into an anime series, which is exciting in its own right, but fans of the movie “Scott Pilgrim vs. The World” are in for a treat. The entire cast of the 2010 live action hit will return to reprise their roles as voice actors, including Michael Cera
Following the hype train isn’t always a bad thing Rebecca Szkutak 9 hours Being an artificial intelligence company has become the soup du jour of startup land. Companies are scrambling to either incorporate AI into their existing business model or change up their marketing so whatever they were already quietly using AI to do is
TechCrunch Disrupt, the premier event for startup investors and founders, is coming back in 2023 with an enhanced new format. This year, we’re rethinking TC Sessions, the standalone industry events series, and merging them into the big annual tech event – which will once again this year be held at the Moscone Center in San
Investors just pumped millions into Irrigreen, a startup vying to quench America’s thirsty lawns with “approximately 50% less water.” Seed investor Ulu led the $15 million funding round. Two tech investors that are focused on water conservation — Burnt Island and Echo River — also chipped in, among a handful of others. The San Francisco–based
After major privacy enforcement finally hit Meta’s tracking ads business in Europe earlier this year, the tech giant has confirmed it will be changing the legal basis it claims for microtargeting users in the region. It’s still not going to ask people for their up-front consent to its data-fuelled behavioral advertising. But it will have to
When Netflix launched its ad-supported plan four months ago, there were a few devices that the plan didn’t support—Apple TV being one of them. Starting this week, the cheaper tier is available in the Netflix tvOS app. A Reddit user that goes by websgeisti noticed the update yesterday. The user noted that Netflix’s Basic with
It’s estimated that over $400 billion are spent annually to run customer contact centers around the world. To cut costs, in recent years, contact centers have embraced AI and automation; research from The Harris Poll indicates that 46% of customer interactions were already automated as of 2021. That’s good news for the vendors selling contact
Mike Tong Contributor Mike Tong has over a decade of experience leading GTM strategy and operations for tech and data companies as part of McKinsey TMT, AtSpoke, Splunk and the VC firm B Capital. More posts by this contributor Why it’s so hard to market enterprise AI/ML products and what to do about it Across
It’s estimated that about a third of all food produced worldwide every year, which is approximately 1.3 billion tons, is estimated to be wasted. Aravita, a Brazilian artificial intelligence startup, thinks that supermarkets are the best place to start fixing this problem. Marco Perlman, co-founder and CEO, started the company with Aline Azevedo and Bruno
Effy is at a crossroads. The energy renovation company based in France is doing well, but it is addressing a market that is much bigger than anticipated. That’s why it is making a bet. The company just closed a €20 million funding round (roughly $22 million at today’s exchange rate) from Felix Capital. This is
Google is launching a new ad transparency center that will let users search for verified advertisers and their campaigns across all of the company’s platforms including Search, Display, and YouTube. This new transparency center — which is accessible directly via this link and through the My Ad Center page — will let you search for
Databricks is launching an AI language model that it says can easily replicate to build their own ChatGPT-like apps. Databricks CEO Ali Ghodsi speaks with Bloomberg Technology’s Ed Ludlow. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:
Sam Parr, founder of HubSpot-acquired newsletter and media brand The Hustle, doesn’t watch “Succession” because “it’s too real” (and because he prefers watching comedy compared to behemoth business billionaires fighting). But when he announced his new project, Hampton, an invite-only club for chief executive officers, the references started rolling. It’s specifically one Succession quote that
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and welcome to Wednesday Crunch! On everyone’s mind today is the power of AI and whether we’re all doomed. Connie reports that 1,100+ notable signatories just signed an open letter asking
The U.S. Treasury Department’s guidance on battery sourcing requirements for the electric vehicle tax credits will result in fewer vehicles being eligible for full or partial credits, reports Reuters, citing an unnamed U.S. official. The proposed EV credit guidance as included in the Inflation Reduction Act says that in order for vehicles to qualify for
The UK isn’t going to be setting hard rules for AI any time soon. Today, the Department for Science, Innovation and Technology (DSIT) published a white paper setting out the government’s preference for a light-touch approach to regulating artificial intelligence. It’s kicking off a public consultation process — seeking feedback on its plans up to
Earlier this month, YouTube TV launched a new “multiview” feature that allows viewers to watch up to four streams of sports content at once. Now it looks like Apple TV is working on a similar option. Though Apple’s streaming device already supports a picture-in-picture mode, new code discovered in the latest iOS beta points to
It turns out that if you have an active customer audience invested in the long-term viability and success of your platform, you can crowdfund a venture-sized extension round. Substack, a venture-backed subscription media platform popular with writers and known for its email service, has collected more than $5 million in pledges for an extension to
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