Investors are growing increasingly wary of AI

After years of easy money, the AI industry is facing a reckoning. A new report from Stanford’s Institute for Human-Centered Artificial Intelligence (HAI), which studies AI trends, found that global investment in AI fell for the second year in a row in 2023. Both private investment — that is, investments in startups from VCs — […]

A comprehensive list of 2023 & 2024 tech layoffs

The tech-wide reckoning that began in 2022 and ran throughout into 2023 has continued into this year. And while 2024’s losses are not at that scale, they’re still significant, driven by big names like Pixar, Google, Microsoft, Mozilla and TikTok. It remains to be seen if this year’s layoff trends follow last year’s, in which layoffs […]

Tesla execs Drew Baglino and Rohan Patel leave as company lays off 10%

Two high-profile executives have departed Tesla the same day that the electric automaker laid off thousands of workers, TechCrunch has confirmed. Drew Baglino, Tesla’s SVP of Powertrain and Energy, and Rohan Patel, VP of Public Policy and Business Development, have left the company, Patel told TechCrunch. Patel said he decided to leave because of “[b]ig […]

Jio Financial, BlackRock to tap India’s wealth management market

Jio Financial Services, part of the Indian conglomerate Reliance, is forming a joint venture with U.S. asset manager BlackRock to set up a wealth management and broking business in India, the two firms said Monday. The announcement follows BlackRock and Jio Financial launching a joint venture last year to offer asset management services in India. […]

Paraform raises $3.6M seed round to connect startups with recruiter networks

Layoffs usually drive attention and sympathy towards affected employees, but rarely does anyone talk about what happens to the recruiters who are sometimes also asked to leave when companies decide to cut headcount. Indeed, tech firms cut up to half of their recruitment teams when they were laying people off in droves back in 2022 […]

Adobe’s working on generative video, too

Adobe says it’s building an AI model to generate video. But it’s not revealing when this model will launch, exactly — or much about it besides the fact that it exists. Offered as an answer of sorts to OpenAI’s Sora, Google’s Imagen 2 and models from the growing number of startups in the nascent generative […]