tech layoffs Tech Layoffs Surge as Startups Pivot Toward Sustainability Thousands of tech workers lose their jobs as companies across healthcare, SaaS, and crypto sectors cut staff to navigate market uncertainty. The reductions reflect a broader industry shift away from pandemic-era growth.
coinbase Coinbase Extends Hiring Freeze and Revokes Job Offers Amid Crypto Downturn Coinbase drastically scales back its workforce plans by extending a hiring freeze and rescinding accepted job offers to manage costs during a macroeconomic downturn.
cruise Cruise Wins Approval to Charge for Driverless Robotaxi Rides in San Francisco General Motors' Cruise receives a critical permit to commercially operate driverless robotaxis in San Francisco. The company currently faces strict overnight limits but plans to expand to full citywide service soon.
mozilla Mozilla Launches Private, Offline Translation Tool for Firefox Mozilla introduces Firefox Translations, a new browser extension that translates web pages locally without sending data to cloud servers. The tool prioritizes user privacy over cloud-based alternatives by performing all machine learning processes directly on the user's device.
pinterest Pinterest Acquires AI Fashion Startup The Yes to Boost Shopping Features Pinterest buys personalized fashion shopping app The Yes, co-founded by a former Stitch Fix executive, to enhance its platform's e-commerce capabilities. The acquisition aims to leverage advanced AI algorithms to create a more tailored shopping experience for users.
ai chips South Korean AI Chip Startup Rebellions Raises $50M to Challenge Intel Rebellions secures $50 million in an oversubscribed Series A round led by Temasek's Pavilion Capital to mass-produce its ATOM chip and expand into the US market. The startup claims its ION chip already outperforms Intel's AI hardware in high-frequency trading environments.
cruise Cruise Wins Approval to Charge for Driverless Robotaxis in San Francisco General Motors' Cruise receives a landmark permit to commercially operate driverless robotaxis in San Francisco. The service faces strict initial limits on hours and location but paves the way for 24/7 paid rides.
cruise Cruise Wins Approval to Charge for Driverless Robotaxi Rides in San Francisco The California Public Utilities Commission grants Cruise the final permit needed to commercially operate driverless ride-hailing services in San Francisco. The company starts by charging fares for overnight trips in select areas before planning a full citywide expansion.
microsoft Microsoft Build 2022 Unveils Cross-Platform Tools and AI Innovations Microsoft reveals a suite of new developer tools at Build 2022 focused on AI-assisted coding, multi-platform app creation, and expanded cloud infrastructure. The updates aim to streamline workflows across Azure, Windows, and Microsoft Teams.
coinbase Coinbase Extends Hiring Freeze and Revokes Accepted Job Offers Coinbase extends its recent hiring pause indefinitely and revokes accepted job offers to navigate the current crypto market downturn. The decision mirrors a growing trend of cost-cutting measures across global crypto exchanges.
loom Video Messaging Startup Loom Cuts 14% of Staff Amid Economic Uncertainty Loom lays off 34 employees across product and people operations as it aims for sustainable growth. The Andreessen Horowitz-backed unicorn currently serves 14 million users across 200,000 companies.
google Google Colab Bans Deepfake AI Training to Curb Platform Abuse Google updates its Colaboratory terms of service to prohibit the training of deepfake-generating AI systems. The new enforcement relies on a blacklist approach rather than broad keyword filters.
sheryl sandberg Facebook Operations Chief Sheryl Sandberg Steps Down After 14 Years Sheryl Sandberg unexpectedly announces her departure from Facebook after nearly a decade and a half as the company's second-in-command. Her exit marks a major leadership transition for the social media giant.
meta Meta COO Sheryl Sandberg Resigns After 14 Years at Facebook Sheryl Sandberg steps down as Meta's chief operating officer, ending a transformative 14-year run at the company. She plans to transition to a role on the company's board of directors this fall.
crypto Venture Capital Funding Drops in May as Crypto Valuations Reset Crypto venture capital funding falls 38% in May compared to April, but remains nearly double the levels seen a year ago. Investors view this valuation reset as an ideal opportunity to back strong projects at more reasonable prices.