Discord cuts 4% staff as part of company reorganization

August 4, 2023
Chat app Discord has let go of nearly 40 employees (4% of its workforce) as part of company’s restructuring efforts, according to multiple reports. Several Discord former employees posted on Twitter and LinkedIn that they were impacted by the layoffs. The job cuts have affected people in marketing, design, and entertainment partnership teams. The company […]

Fisker reveals all-electric Alaska pickup, 3 other EV prototypes

August 4, 2023
Fisker, the automotive startup-turned publicly traded company founded by famed automotive designer Henrik Fisker, revealed Thursday night a dizzying array of EV prototypes from a beefy pickup truck with an expandable bed, and grand tourer sports car with up to 600 miles of range to a souped-up, off-road version of its Ocean SUV and the […]

GoStudent adds another $95M to its war-chest to go after VR and AI-enhanced tutoring

August 3, 2023
GoStudent — the late-stage tutor marketplace that has raised $686.3 million so far – has now raised another $95 million in what it calls as strategic fundraise from Deutsche Bank, and other investors including Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue and Softbank Vision Fund 2. The raise was described as a mix […]

AI.com flips from ChatGPT to Elon Musk’s X.ai

August 3, 2023
There was a bit of a hubbub in February as it emerged that OpenAI had seemingly purchased AI.com in order to redirect it to the ChatGPT web interface. But now erstwhile backer, Twitter haver, and X lover Elon Musk appears to have taken the valuable domain off their hands, or else someone has done it […]

Apple services growth continues to counter iPhone sales slide in Q3

August 3, 2023
Apple’s Q3 earnings presented a mixed bag for the company, as iPhone revenue continued to slide. The handset brought in $39.67 billion for the quarter, down from $40.66 this time last year. The drop certainly isn’t an anomaly amid an overall declining smartphone market. Once again, however, the hardware slowdown was blunted by the company’s […]

Nikola finally gets enough shareholder support to issue more shares

August 3, 2023
After three attempts and a change in Delaware law, EV truck maker Nikola was able to get enough shareholders to vote on a proposal that will allow it to issue more shares . Nikola said Thursday it received the requisite number of votes to pass a proposal that authorizes the board to issue more shares. […]

Coinbase Q2 earnings exceed estimates, signaling potential market recovery

August 3, 2023
Coinbase reported its second quarter earnings Thursday afternoon after the bell, beating market estimates. During Q2, the second largest crypto exchange by trading volume generated total revenues of $707.9 million, down from $772.5 in the previous quarter and $808.3 million in the year-ago quarter. It also had a $97 million net loss and generated a […]