Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s according to an internal memo from CEO Jack Dorsey, obtained first by Business Insider, which states that “the growth of [Block] has far outpaced the growth of … business and […]
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CEOs from some of the biggest social platforms will appear before Congress on Wednesday to defend their companies against mounting criticism that they have done too little to protect kids and teens online. The hearing, set to begin at 10AM ET, is the latest in a long string of congressional tech hearings stretching back for […]
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OpenAI is pushing adoption of GPTs, third-party apps powered by its AI models, by enabling ChatGPT users to invoke them in any chat. Starting today, paid users of ChatGPT, OpenAI’s AI chatbot frontend, can bring GPTs into a conversation by typing “@” and selecting a GPT from the list. The chosen GPT will have an […]
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Spend management startup Ramp has acquired AI-powered procurement startup Venue, the companies announced today. Founded in 2022 by TK Kong, Young Kim, and Kevin Chan, Venue’s aim was to “simplify how businesses review, approve, and manage the cost of vendors in use across their company.” The startup raised $1.2 million in funding from investors such […]
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New data from Maxio indicates that both consumption and subscription pricing have their advantages when it comes to growth, but not at the same time.
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PayPal has begun company-wide layoffs, according to multiple reports, including an article published by The Information. It is not yet clear how many people will be affected by the job cuts but one source told TechCrunch it was expected to be in the “thousands.” TechCrunch has reached out to PayPal and will update this story […]
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The TikTok ban on U.S. government devices is proving hard to enforce. A month after the IRS was found to be in non-compliance with the federally mandated ban on the Beijing-based video app, two Republican senators are asking the IRS why it’s still allowing some of the agency’s employees to access the social network, and […]
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