Friday, January 26, 2024

Source: Salesforce plans to lay off ~700 employees, or ~1% of its staff, after cutting 10% of its workforce in January 2023; the company has 1,000 open jobs (Tom Dotan/Wall Street Journal)

Tom Dotan / Wall Street Journal:
Source: Salesforce plans to lay off ~700 employees, or ~1% of its staff, after cutting 10% of its workforce in January 2023; the company has 1,000 open jobs  —  The layoffs, which will affect around 1% of its workforce, follow a 10% reduction last year  —  Salesforce is laying off around …



Ola Group CEO Bhavish Aggarwal's Krutrim, which is building a multilingual LLM, raised a $50M "first round" led by Matrix Partners India at a $1B valuation (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Ola Group CEO Bhavish Aggarwal's Krutrim, which is building a multilingual LLM, raised a $50M “first round” led by Matrix Partners India at a $1B valuation  —  Krutrim, an AI startup founded by Ola founder Bhavish Aggarwal, said it has raised a funding round that values it at $1 billion.



Sources: Elon Musk's xAI is in talks to raise up to $6B from family offices in the Hong Kong and sovereign wealth funds in the Middle East at a $20B valuation (Financial Times)

Financial Times:
Sources: Elon Musk's xAI is in talks to raise up to $6B from family offices in the Hong Kong and sovereign wealth funds in the Middle East at a $20B valuation  —  Tesla chief targets $20bn valuation in bid to take on OpenAI  —  Elon Musk's xAI is in talks to raise up to $6bn …



Thursday, January 25, 2024

Indian cricket NFT startup Rario plans to close on January 29 and relaunch in March 2024, leaving users with losses; Rario raised a $120M Series A in April 2022 (Apoorva Mittal/The Economic Times)

Apoorva Mittal / The Economic Times:
Indian cricket NFT startup Rario plans to close on January 29 and relaunch in March 2024, leaving users with losses; Rario raised a $120M Series A in April 2022  —  Dream Sports-backed Rario in an X post on Tuesday night said it will shut its current product effective January 29 and relaunch …



Microsoft launches Mesh, its immersive 3D meeting platform in Teams, out of preview, with custom environments, games, and more; Mesh only supports Meta Quest (Tom Warren/The Verge)

Tom Warren / The Verge:
Microsoft launches Mesh, its immersive 3D meeting platform in Teams, out of preview, with custom environments, games, and more; Mesh only supports Meta Quest  —  Microsoft is launching its immersive 3D meetings inside Microsoft Teams today.  Microsoft Mesh, the company's mixed reality platform …



How the rising prices of streaming services are driving a new era of US pirate sites, bringing ~$2B per year in ads and subscriptions with a 90% profit margin (Thomas Buckley/Bloomberg)

Thomas Buckley / Bloomberg:
How the rising prices of streaming services are driving a new era of US pirate sites, bringing ~$2B per year in ads and subscriptions with a 90% profit margin  —  Illegal subscription services that steal films or TV shows bring in $2 billion a year in ads and subscriber fees.



Monday, January 22, 2024

Meta plans to let EU users unlink their Instagram and Facebook accounts, as well as other Meta services, ahead of the EU's DMA taking effect in March 2024 (Jon Porter/The Verge)

Jon Porter / The Verge:
Meta plans to let EU users unlink their Instagram and Facebook accounts, as well as other Meta services, ahead of the EU's DMA taking effect in March 2024  —  EU users will be able to unlink their Instagram and Facebook accounts, as well as other Meta services ahead of the bloc's new Digital Markets Act …



Source: in a low-key tour, Jensen Huang visited Nvidia's offices in Shenzhen, Shanghai, and Beijing earlier in January, as the US curbs Nvidia's China exports (Bloomberg)

Bloomberg:
Source: in a low-key tour, Jensen Huang visited Nvidia's offices in Shenzhen, Shanghai, and Beijing earlier in January, as the US curbs Nvidia's China exports  —  - Company's chips have become central to US-China tech race  — Huang kept a low profile during his visit to the country



ElevenLabs, which uses AI tools to create and edit synthetic voices, raised an $80M Series B co-led by a16z, Nat Friedman, and Daniel Gross at a $1B+ valuation (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch:
ElevenLabs, which uses AI tools to create and edit synthetic voices, raised an $80M Series B co-led by a16z, Nat Friedman, and Daniel Gross at a $1B+ valuation  —  There's a lot of money in voice cloning.  —  Case in point: ElevenLabs, a startup developing AI-powered tools to create …



Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in data center financing decisions (Bloomberg)

Bloomberg : Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in ...