The quickening pace of tech layoffs is creating growing uncertainty for workers, but it’s giving investors access to a new wave of technical and entrepreneurial talent. There’s no simple test to determine which aspiring founder can turn their idea into a billion-dollar business, but VCs who know which questions to ask can uncover the right
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T. Alexander Puutio Contributor T. Alexander Puutio is an adjunct professor at NYU Stern and he currently dedicates his research on the interplay between sustainability, technology and organizational management. All views expressed are his own. More posts by this contributor Breaking up Big Tech would be a mistake Equity crowdfunding is now legal, but don’t
The UK’s antitrust watchdog has narrowed its probe of Microsoft’s $68.7 billion bid for video game giant, Activision Blizzard, the regulator said today. In February, the Competition and Markets Authority (CMA) provisionally concluded the merger “could harm U.K. gamers” through higher prices, fewer choices or less innovation. Today it updated its position, saying new evidence
Basketball can be played just about anywhere and by anyone in the U.S. and now many other parts of the world, thanks to a confluence of factors that lower a lot of barriers: ubiquitous hoops set up in parks, schools, driveways and backyards; you can play with one or many; and the only other equipment
OpenAI’s viral AI-powered chatbot, ChatGPT, can now browse the internet — in certain cases. OpenAI today launched plugins for ChatGPT, which extend the bot’s functionality by granting it access to third-party knowledge sources and databases, including the worldwide web. Available in alpha to ChatGPT users and developers on the waitlist, OpenAI says that it’ll initially
Indian edtech giant Byju’s said on Thursday the firm and any of its subsidiaries are not engaging with rival Unacademy to explore an acquisition or merger, refuting a media report at a time when weakening global market conditions have sparked several consolidation plays in the industry. Indian news outlet MoneyControl reported earlier that Byju’s physical
Some say the European tech startup ecosystem lacks investors who have been “operators,” as in former entrepreneurs. And indeed, that has been the case for many years. However, it’s good to see that this has been changing, even if the pace has been slow. One of the newest VC funds to wear it’s “former operators”
With Major League Baseball Opening Day starting next week, on March 30, Fubo announced today that it is adding MLB.TV to its lineup in the coming days. The out-of-market package will be available as an add-on for $24.99 per month. The live TV streaming service already offers MLB Network, MLB Strike Zone, as well as
Amazon is laying off an additional 9,000 employees, including at AWS and Twitch
The natural world has produced many of our most important medicines, but instead of looking under a leaf or rock for the next big cancer drug, Pragma Bio is searching within the human body — its swarm of resident microbes, to be precise. With its novel approach and a fresh $10 million in funding, the
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 your Thursday — aka, the day the TikTok CEO went in front of Congress. Our team has been working hard all day to keep up with everything going
A brown macroalgae native to the Atlantic’s Sargasso Sea is increasingly a menace to coastal ecosystems and communities across the Gulf of Mexico, ever since mats of the normally beneficial seaweed (known as sargassum) exploded in numbers in 2011. This is the backdrop for Carbonwave, which recently raised $5 million to put the hulking algae
Meta, the self-styled “metaverse company” formerly known as Facebook, has taken on a novel role de-hyping the virtual world technology its founder bet the farm on just a few short years ago. No, it hasn’t announced another pivot — rather it’s been forced to dial down the multicolored metaverse hype as it lobbies against a
Amid questioning about TikTok’s use of biometrics in today’s Congressional hearing, TikTok CEO Shou Zi Chew offered some insight into how the company vets potentially underage users on its platform. After denying the app collects body, face, or voice data to identify its users — beyond what’s needed for its in-app AR filters to function,
Beam, a five-month-old startup out to more easily help general contractors pay subcontractors and get paid themselves, has raised $4 million in a seed funding round led by Accel. Both the startup’s founder and lead investor previously spent years working at payments giant Stripe. Before starting Beam in October of 2022, Adam Eagle had spent
In the past two weeks, millions of dollars shuffled from startup and investor bank accounts housed in the collapsed Silicon Valley Bank to the JPMorgans, Brexes and Wises of the world. As founders and investors continue looking for new places to park their money, it’s essential to consider this moment as an opportunity to start
Fifteen might not be a familiar name, but you may already know some of Fifteen’s bikes. Fifteen is the new name of the companies formerly known as Smoove and Zoov — these two companies with weird names merged a couple of years ago. Smoove is one of the companies behind the Vélib’ bike-sharing service in
Apple may be partnering with studios to put more titles in theaters, a plan that could cost $1 billion a year. Typically, Apple’s original movies have either received small theatrical runs or been exclusive to Apple TV+. So, the potential investment would be a notable increase and signals a major shift in the streamer’s strategy.
Southeast Asia’s mental health startups are getting more investor attention. Last week, Intellect announced a strategic investment from IHH Healthcare, Asia’s largest private healthcare group. Now Thoughtfull, another digital mental health platform focused on Asia, has raised $4 million in a pre-Series A round led by Sheares Healthcare Group. Sheares is a wholly-owned subsidiary of
Proptech company Roofstock has laid off about 27% of its staff today, according to an email sent to employees viewed by TechCrunch. The cuts come just five months after the startup laid off 20% of its workforce. The company’s website states that it has 400+ employees, or “Roofsters” as they’re dubbed, but it is not
The funding landscape remains very tough for technology startups, but there are still some pockets, and specific companies, driving a lot of interest right now among investors because they look like they’ll break through whatever current macroeconomic trends that are gripping the world. Today, a startup out of Munich called IntegrityNext announced that it has
Lun, a climate tech startup out of Denmark, is on a mission to help homes decarbonize fast — starting with heating systems and swapping out boilers for electric heat pumps. What are heat pumps? The technology is a low carbon form of heating which is based on the principle of refrigeration that offers an alternative
Microsoft is infusing OpenAI’s technology in its Office apps. The new software suite leverages the power of OpenAI’s new GPT-4 platform. Debuting in the coming months, Microsoft is already testing it with 20 companies, including 8 Fortune 500. Microsoft CEO Satya Nadella speaks exclusively with Emily Chang about how these new AI-powered assistants will transform
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. Welcome to Humpday Crunch! Today we’re sad that Aloria passed away on Sunday, as Lorenzo reported. She was a veteran of the cybersecurity community, especially the one in New York, her home
The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings, which offers credit services to underbanked consumers in Indonesia and Vietnam, has raised $270 million in what it says was an oversubscribed Series D. The round was led by Japanese bank Mizuho Bank, a subsidiary
Fintech startup Checkout.com is better known for its payment processing product. But the company is launching a new product today as Checkout.com customers can now create payment cards for their own customers. The company has been testing Checkout.com Issuing for a while as there are already millions of cards that have been created with the
Apple and Major League Baseball (MLB) announced today new updates to its “Friday Night Baseball” offering. The games are now available to Apple TV+ subscribers in 60 countries, up from the original 13. However, the first 12 weeks of games this year will no longer be free for everyone and will require an Apple TV+
The back half of 2023 is expected to unlock the technology IPO market. Whether the public-offering window opens later this year or early in 2024, TechCrunch+ expects to see a few familiar names in the mix from the HR tech space. And perhaps some less familiar names. Regular TechCrunch readers are likely familiar with HR-tech
Sophie Alcorn Contributor Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: How can I return
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