Illustration: Jovana Mugosa / The Verge Musk gave Twitter staff a deadline to say if they are staying for his cultural reset of the company. And right on deadline, the farewell emojis started pouring into Twitter’s Slack. Continue reading…
Comments
Former FTX CEO Sam Bankman-Fried will no longer be represented by his legal counsel at Paul, Weiss, Rifkind, Wharton & Garrison, a white-shoe law firm, less than a week after retaining the firm to represent him.
Today, we announce the public availability of Amazon’s state-of-the-art Alexa Teacher Model with 20 billion parameters (AlexaTM 20B) through Amazon SageMaker JumpStart, SageMaker’s machine learning hub. AlexaTM 20B is a multilingual large-scale sequence-to-sequence (seq2seq) language model developed by Amazon. You can use AlexaTM 20B for a wide range of industry use-cases, from summarizing financial reports … Read more
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! You’ve got one more day of just me before I take a well-deserved Friday off and Kyle fills in, so I have decided to make an extra-large version of Daily Crunch. … Read more
I spent last week in Boston, meeting with several of the area’s top automation startups. Soft Robotics — based in nearby Bedford, Massachusetts — is one of those names that comes up a lot. As the concept of soft robotics grippers have increasingly come into vogue, the company of the same name has been reaping … Read more
Comments
The largest cryptocurrency by market capitalization was recently up about 1% and hovering comfortably over its $16,000 support of the past nine days. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Hidden fees and unexpected rate hikes have become an expected part of Americans’ internet, cable, and phone bills, but the FCC just passed a rule that may make this a lot less common. Broadband providers will now have to “prominently” display a “nutrition label” with all fees, catches, and caps clearly stated for any plan … Read more
Jack Selby, a former PayPal exec the longtime managing director of Thiel Capital who attracted some attention years back for his low-key largesse, has a new, $110 million venture fund that he intends to invest mostly in his adopted state of Arizona, where Selby has lived since 2002. The debut vehicle of the firm, called … Read more
Illustration by Alex Castro / The Verge Amazon will be cutting jobs again at some point in early 2023, CEO Andy Jassy informed employees in a memo on Thursday. The company publicly confirmed some layoffs on Wednesday, and Jassy says that as Amazon’s annual planning process extends into the new year, “there will be more … Read more
General Motors says supply chain constraints won’t hinder the automaker’s goal of reaching electric vehicle profitability by 2025. GM expects its EV portfolio to have “the same margin profile” as its internal combustion engine portfolio over the next three years once factoring in U.S. tax credits for cars and trucks, CEO Mary Barra said Thursday … Read more
The FTX debacle has triggered a slide in cryptocurrency prices that wiped out some $183 billion of value from digital assets this month.
Comments
Photo by Chris Welch / The Verge Roku has announced that it’s laying off 200 US employees, or around 7 percent of its workforce, according to Variety. According to the company’s statement, the cuts are meant to reduce its “headcount expenses” by around 5 percent as it tries to spend less on operations in the … Read more
Stellantis plans to “explore alternative business models,” such as subscriptions and car sharing, when it launches its all-electric Fiat 500e in the U.S. in the first quarter of 2024, Fiat CEO Olivier Francois told TechCrunch at the 2022 Los Angeles Auto Show. The exec did not rule out limiting the 500e’s U.S. launch entirely to … Read more
Image: Blizzard Everybody mark your calendars: instead of the Christmas holiday season, it’s gonna be Mei. After a brief hiatus to fix a glitch that allowed Mei’s ice wall to boost players to places they shouldn’t be, today’s Overwatch 2 update added her back to the game alongside a host of other hero tweaks and … Read more
Despite Crypto Winter, artists see enough of an upside in accessibility to a more diverse set of collectors, to keep minting NFTs.
Comments
Two crypto-unfriendly Democratic senators have sent a letter to the executives with a list of detailed and penetrating questions about the behavior of Bankman-Fried and his businesses.
The league’s commissioner Rob Manfred said the MLB has “been really religious about staying away from coins,” calling the FTX deal “a meaningful deal for us.”
The Commodity Futures Trading Commission should be responsible for preventing companies like FTX from taking root in the future.
Illustration by Kristen Radtke / The Verge; Getty Images Who, if anyone, does Elon Musk feel is an essential part of Twitter? Whose contributions are valuable enough and “hardcore” enough for him? Would you be willing to bet your job on it? In new emails sent to Twitter employees today and obtained by The Verge, … Read more
According to Jump Crypto, the firm is “one of the most well-capitalized and liquid firms in crypto.”
Comments