Category: Enterprise
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Match Group cuts 6% of staff as it shuts down livestreaming in dating apps
Match Group announced Tuesday that it has discontinued livestreaming services in its dating apps, resulting in a 6% reduction in workforce. The news was delivered during the dating app giant’s second-quarter earnings report. The move finds Match shifting its focus to other offerings, including generative AI. The decision to end livestreaming will directly impact dating apps…
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TechCrunch Minute: Investors pour money into non-alcoholic beverages
Startups are attracting serious funding to provide fun, alcohol-free drink options at the bar and in other social contexts. Earlier this year, canned water company Liquid Death announced that it has raised $67 million in new funding at a $1.4 billion valuation. And Athletic Brewing Company, which describes itself as America’s largest non-alcoholic brewery, said…
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Over 100 VCs pledge support for Kamala Harris
More than 100 VCs, including Reid Hoffman, Vinod Khosla and Mark Cuban have pledged to vote for Vice President Kamala Harris in the upcoming U.S. presidential election. Mobilizing under the group VCsForKamala, the VCs are also soliciting donations for Harris’ campaign. But the organizers say the effort isn’t meant to align with any one political…
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This Week in AI: Companies are growing skeptical of AI’s ROI
Hiya, folks, welcome to TechCrunch’s regular AI newsletter. This week in AI, Gartner released a report suggesting that around a third of generative AI projects in the enterprise will be abandoned after the proof-of-concept phase by year-end 2025. The reasons are many — poor data quality, inadequate risk controls, escalating infrastructure costs and so on.…
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How to enable Apple Intelligence on your iPhone
If you are on the developer beta, you can only use Apple Intelligence features if your language is set to U.S. English and region is set to U.S. © 2024 TechCrunch. All rights reserved. For personal use only. Apple is finally releasing some of the Apple Intelligence features it announced at its Worldwide Developers…
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ChatGPT: Everything you need to know about the AI-powered chatbot
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a behemoth used by more than 92% of Fortune 500 companies. That growth has propelled OpenAI itself into…
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A comprehensive list of 2024 tech layoffs
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized…
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Copyright Office tells Congress: ‘Urgent need’ to outlaw AI-powered impersonation
The U.S. Copyright Office has issued the first part of a report on how AI may affect its domain, and its first recommendation out of the gate is: we need a new law right away to define and combat AI-powered impersonation. “It has become clear that the distribution of unauthorized digital replicas poses a serious…
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Bungie employees say they were caught off-guard by 17% staff reduction
Bungie, the gaming company that created sci-fi hits such as Halo, Destiny, and Marathon, has laid off 220 employees, roughly a 17% reduction to its workforce, the company announced Wednesday. This is Bungie’s second round of layoffs since it was taken over by Sony in 2022. Two former Bungie employees affected by Wednesday’s layoffs say…
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AI startups ramp up federal lobbying efforts
AI lobbying at the U.S. federal level is intensifying in the midst of a continued generative AI boom and an election year that could influence future AI regulation. New data from OpenSecrets, a nonprofit group that tracks and publishes metrics on campaign financing and lobbying, shows that the number of groups lobbying the federal government…