The Download: China’s dying EV batteries, and why AI doomers are doubling down
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Virgin Orbit pauses operations for a week to conduct a search for cash
Virgin Orbit is halting all operations for a week to save money while it “conducts discussions with potential funding sources and explores strategic opportunities,” the company announced in an SEC filing. The company has been struggling financially and a recent launch failure clearly exacerbated those issues. The January launch was accompanied by much fanfare, as […]
Virgin Orbit pauses operations for a week to conduct a search for cash by Devin Coldewey originally published on TechCrunch
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Virgin Orbit Plummets Over 30% After Furloughing Majority of Staff, Enters ‘Operational Pause’
Artifact co-founder Kevin Systrom on the SVB crisis, its further impacts and future of tech
Artifact, the new personalized news app from Instagram’s co-founders, is another startup whose funding was caught up in the Silicon Valley Bank failure, and co-founder Kevin Systrom believes there could be more trouble to come for Silicon Valley. The founder disclosed in a recent interview the team had 100% of Artifact’s funds at SVB prior […]
Artifact co-founder Kevin Systrom on the SVB crisis, its further impacts and future of tech by Sarah Perez originally published on TechCrunch
Microsoft’s new Power Platform AI copilot will build your apps for you
At its virtual “Future of Work” event, Microsoft today announced the launch of an AI copilot — and make no mistake, Microsoft is all-in on using this ‘copilot’ metaphor across all of its products — to Power Apps, Power Virtual Agents and Power Automate. The idea here is to use AI to make using these […]
Microsoft’s new Power Platform AI copilot will build your apps for you by Frederic Lardinois originally published on TechCrunch
Employees at Epic-owned Bandcamp form union
U.S. employees at Bandcamp, an online audio distributor, have announced their formation of a union. Last year, the platform was acquired by Epic Games, the multi-billion dollar company behind games like Fortnite and the Unreal gaming engine. According to the union, known as Bandcamp United, a super-majority of workers are in favor of forming a […]
Employees at Epic-owned Bandcamp form union by Amanda Silberling originally published on TechCrunch
Twitch CEO Emmett Shear is stepping down
After serving as its chief executive for more than a decade, Twitch CEO Emmett Shear will take a step back at the company. Shear is one of the original founders of Justin.tv, the variety livestreaming service that would grow into Twitch. Justin.tv was eventually overshadowed by Twitch, its spin-off service focused on gaming, and the […]
Twitch CEO Emmett Shear is stepping down by Taylor Hatmaker originally published on TechCrunch