Technology

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. IBM wants to build a 100,000-qubit quantum computer What’s happening: Last year, IBM took the record for the largest quantum computing system with a processor containing 433 quantum bits, or qubits, the fundamental…

Nymbus, a startup that partners with banks to migrate their legacy stack and launch neobanks to attract new customers, today announced that it raised $70 million in a Series D round led by Insight Partners. The Banc Funds Company and Mendon Venture Partners participated also, as did Nymbus clients ConnectOne Bank and PeoplesBank. According to […]

Nymbus lands $70M to help banks digitally transform by Kyle Wiggers originally published on TechCrunch

Anne Boden nearly lost a grip on Starling Bank years ago when the neobank was in the middle of a coup effort led by its CTO, but now it looks like Boden who is doing the walking away. The outspoken founder of Starling Bank — which was last valued at over $3 billion, is profitable […]

Anne Boden, founder of UK’s Starling Bank, steps down as CEO by Ingrid Lunden originally published on TechCrunch

Late last year, IBM took the record for the largest quantum computing system with a processor that contained 433 quantum bits, or qubits, the fundamental building blocks of quantum information processing. Now, the company has set its sights on a much bigger target: a 100,000-qubit machine that it aims to build within 10 years. IBM…

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm. It’s able to write essays, code and more given short text prompts, hyper-charging productivity. But it also has a more…nefarious side. In any case, AI tools are not going away — and indeed has expanded dramatically since its launch just a few months ago. […]

ChatGPT: Everything you need to know about the AI-powered chatbot by Kyle Wiggers originally published on TechCrunch

Florida Governor Ron DeSantis filed the paperwork to officially launch his presidential campaign on this afternoon, but opted to join Elon Musk on a Twitter Space to discuss his campaign on Wednesday evening. DeSantis’s decision to forgo traditional news venues in favor of making a big media moment with Musk marks a new phase for […]

Elon Musk ushers in DeSantis’s 2024 campaign, signaling a new era for Twitter by Taylor Hatmaker originally published on TechCrunch

Snowflake is all about managing data in the cloud, whether as part of a structured data warehouse, or less structured data lake. Neeva, a search startup from two former Google employees, has been all about search, working on both a consumer and enterprise offering. Earlier this week, it announced that it was walking away from […]

Snowflake acquires Neeva to bring intelligent search to its cloud data management solution by Ron Miller originally published on TechCrunch

Last year’s techwide reckoning continues. In 2023, layoffs have yet again cost tens of thousands of tech workers their jobs; this time, the workforce reductions have been driven by the biggest names in tech like Google, Amazon, Microsoft, Yahoo, Meta and Zoom. Startups, too, have announced cuts across all sectors, from crypto to enterprise SaaS.  […]

A comprehensive list of 2023 tech layoffs by Alyssa Stringer originally published on TechCrunch