Twitch announced plans to reduce its workforce on Monday, demonstrating that even the booming streaming site isn’t immune to the reductions that have swept the tech industry in the last six months. The layoffs will affect 400 employees at the company and were characterized as an effort to improve Twitch’s business outlook in the long […]
Twitch says it will lay off 400 employees by Taylor Hatmaker originally published on TechCrunch
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Aembit, a Maryland-based security startup that focuses on helping DevOps and security teams manage how federated workloads talk to each other, is officially launching its service today and announcing a $16.6 million seed funding round from Ballistic Ventures and Ten Elven Ventures. In essence, Aembit’s workload identity and access management service applies industry knowledge, from […]
Aembit raises $16.6M to bring identity management to workloads by Frederic Lardinois originally published on TechCrunch
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Web3 gaming firm Immutable and layer-2 blockchain Polygon partnered to accelerate development and adoption in the crypto gaming space.
Polygon and Immutable partner to help onboard more gamers and developers into web3 by Jacquelyn Melinek originally published on TechCrunch
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When Amazon announced it was laying off another 9,000 employees today, AWS employees were not exempt with Amazon CEO (and former AWS CEO) Andy Jassy announcing the cloud division would be included into today’s round. TechCrunch is hearing that around 10% of today’s total came from AWS. The company would not confirm those numbers instead […]
AWS takes a hit in latest round of Amazon layoffs by Ron Miller originally published on TechCrunch
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Flagstar Bank, a subsidiary of New York Community Bancorp, has signed a takeover agreement with U.S. regulators for some of Signature Bank’s assets and loans. Earlier this month, after Silicon Valley Bank’s customers all tried to withdraw their funds at the same time, Signature Bank was the second victim of a bank run. Both banks […]
Flagstar Bank to buy some Signature Bank assets, but not crypto operations by Romain Dillet originally published on TechCrunch
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Twitter appears to be testing a new verification process for Twitter Blue subscribers that would involve submitting a government ID. Code-level insights reveal a process for sending in a photo of the user’s ID, both front and back, along with a selfie photo to verify their Twitter account. The feature is listed alongside others only […]
Twitter testing government ID-based verification, new screenshots show by Sarah Perez originally published on TechCrunch
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Reebelo has added embedded financial services, including a buyback program and device upgrade options, while its warranty program, ReebeloCare, grew 330% year over year.
Consumer electronics reseller Reebelo adds to Series A as it lays down roots in US by Christine Hall originally published on TechCrunch
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Can an algorithm predict whether a startup will successfully exit? PitchBook believes so. The venture capital and private equity database today launched VC Exit Predictor, a tool trained on PitchBook data to attempt to suss out a startup’s growth prospects. Given the name of a VC-backed company, VC Exit Predictor generates a score on the […]
PitchBook’s new tool uses AI to predict which startups will successfully exit by Kyle Wiggers originally published on TechCrunch
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Generative AI is already looking like the major tech trend of 2023. The ability to generate fresh content via algorithms has been thrust into the public consciousness by the likes of ChatGPT, a chatbot-style technology trained on large language models (LLMs) capable of producing essays, poems, lyrics, news articles, and even computer programs. And then […]
Tavus taps generative AI to power personalized videos with voice and face cloning by Paul Sawers originally published on TechCrunch
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The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point […]
Cruise Origin rolls into Austin, WeRide makes its IPO move and TuSimple stirs up more drama by Kirsten Korosec originally published on TechCrunch
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Embedded finance solutions in less developed markers are becoming more prominent as platforms look to provide various financial solutions to the unbanked and underserved. Banking infrastructure providers are mainly responsible for the proliferation of such solutions. They allow businesses such as mobile operators, e-commerce platforms, and logistics companies to embed and enable banking products for […]
Credable, a digital banking infra startup that wants to build Unit for emerging markets, gets funding by Tage Kene-Okafor originally published on TechCrunch
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When it came to emerging managers, SVB went beyond just banking resources. These young VCs hope that support isn't lost.
Emerging managers hope the new SVB offers the same support to new VCs by Rebecca Szkutak originally published on TechCrunch
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This week, some of my colleagues took a deep dive into the effects on consumers, businesses, banks, investors, etc. — all over the world — showing just how connected the startup ecosystem really is.
Silicon Valley Bank’s crash is providing valuable lessons all over the world by Christine Hall originally published on TechCrunch
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