Monday, November 27, 2023

TikTok parent begins mass layoffs in gaming unit

TechCrunch Newsletter
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By Christine Hall

Monday, November 27, 2023

In today's top story, there is trouble over at ByteDance — TikTok's parent company. Rita reports that after two years, ByteDance is starting mass layoffs in its gaming business unit. No one is giving numbers other than the unit was around 3,000 people as far back as 2021. Find out why it was such a surprise.

Meanwhile, Sarah has your look at Amazon's new thin hardware for accessing virtual desktop environments, and why it looks just like a Fire TV Cube.

And Lorenzo has an update on the cyberattack that plagued Fidelity National Financial last week, writing that homeowners and buyers have been left wondering what's going on. And wanting to know where their money is.

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Image Credits: Andry Djumantara / Getty Images

More top reads

Out of stealth: PhysicsX launches with $32 million for AI to power engineering simulations. Learn about the problem it is tackling.

Doing the splits: Mozaic grabs $20 million in new funding to build a payment-splitting solution for creators. Read more.

Movement at the top: Byju's taps Jiny Thattil as CTO following the departure of Anil Goel. Meet Jiny.

Slip me some skin: Dbrand, a company that makes gadget skins, is suing Casetify over stolen designs. Find out what happened.

EverExperimenting: Evernote pushes users to upgrade with the test of a free plan limited to only 50 notes. See how this affects users.

All zeros and ones: Haje built a tool that uses AI to parse through pitch decks. Most of the time the machine did its job. However, when it didn't, it was bad. Here's why Haje says your pitch deck needs to be machine-readable. (TC+)

Cyber fought the law and cyber won: A cyberattack on a legal tech provider is causing widespread disruption to U.K. law firms. Learn what happened.

I think they let it Lapse: Lapse, a photo app that forced users to invite friends, is seeing that business model run out of steam. Here's why.

Digital doctor: RepeatMD lands capital to grow its aesthetics and wellness booking business. Read more.

Unicorn down: Prefab home builder Veev is reportedly shutting down after reaching unicorn status last year. Get the scoop.

Your daily AI update: Now that we've had time to digest what's happened at OpenAI, Kyle is here to tell you that contrary to reports, OpenAI probably isn't building humanity-threatening AI. Meanwhile, there are reasons to be wary of Grok, Darrell writes. With all these AI chatbots out there, will Elon Musk and the ultra-rich replace the masses?

Weekend warriors you might have missed:

What startup founders need to know about AI heading into 2024 (TC+)

Reflections on Web Summit: Out of the frying pan, and out of the fire?

Neuralink, Elon Musk's brain implant startup, quietly raises an additional $43M

Black Friday online buying hits a record $9.8B in the US, $70.9B globally

Fate of US venture capital in China teeters on uncertainty

Stories that posted while you were busy eating:

Warren Buffett's Berkshire Hathaway exits Paytm at a 40% loss

Adobe: Thanksgiving US online sales nudge up to $5.6B; Salesforce: $31.7B spent globally

Saviu Ventures' second fund reaches €12 million first close to back Francophone Africa startups

I'm trying so hard not to gush over Teenage Engineering's latest gadget

If I'm being honest, I didn't have what it takes to be a founder (TC+)

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Wednesday, November 22, 2023

Fidelity National Financial confirms cyber incident

TechCrunch Newsletter
TechCrunch logo
The Daily Crunch logo

By Christine Hall

Wednesday, November 22, 2023

In today's top story, Fidelity National Financial confirms it was the victim of a cybersecurity incident. Lorenzo reports the title insurance and settlement services company shut down its network and told the U.S. Securities and Exchange Commission that it was launching an investigation. Read more.

Meanwhile, days later, it looks like all will be right in the OpenAI world. Manish writes that Sam Altman will return as CEO. And let's give you something to talk about around the Thanksgiving dinner table, or not, as Amanda writes. Kyle covers the makeup of OpenAI's initial new board, while Darrell writes that all of this chaos could result in a more unified OpenAI. Over on TechCrunch+, Alex tells you who wielded the better weapon in the AI fight and Haje goes over why you can't lie to your board.

And if you're a woman on social media who has ever had a response from a random "reply guy," then you know the pesky problem that Mastodon is tackling with a new feature. Don’t talk to strangers.

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Image Credits: Lori Moffett/Bloomberg via Getty Images / Getty Images

More top reads

Special delivery: Relay, described as an Uber-for-parcels startup, raises $10 million in seed funding to scale in the U.K. Go inside its strategy.

Close to grabbing that cash: Lightspeed is reportedly finalizing a deal that will have it leading an $80 million-plus investment into Pocket FM. Get the scoop.

Now, that's a use case for AI you don't see every day: Osium AI is using artificial intelligence to speed up materials innovation. See how it does that.

The doctor will see you now: Cameroonian health tech Waspito gets $2.5 million in a seed extension to scale and tap offline patients. Learn about its hybrid model of care.

Get on board: FrontEdge wants to reimagine Africa's exporting industry and now has $10 million in debt and equity from investors like TLG and Flexport to accelerate. Read more.

Another X advertiser out the door: Paris Hilton's 11:11 Media partnership is the latest brand to sever ties with the social media giant. Here's why.

More on Grok: Following yesterday's story about screenshots showing xAI's chatbot Grok appearing on X’s web app, Elon Musk confirms it will launch to X Premium+ subscribers next week. Get more.

Press the pause button: Sunbird was working on a way to bring iMessage to Android users; however, it decided to halt that work amid security concerns. Here's how it went down.

What's that you say?: Callyope recently raised new funding to continue developing its technology that monitors mental health through speech-based technology. Read more.

It's like going back to school: Google Meet can now detect when you raise your hand in real life. See how.

More for your Wednesday:

Birdseye's AI-powered chief marketing officer drives personalized email campaigns for retailers

North Korea-backed hackers target CyberLink users in supply-chain attack

Google's Bard AI chatbot can now answer questions about YouTube videos

Forget Siri. Turn your iPhone's 'Action Button' into a ChatGPT voice assistant instead

More top reads image

Image Credits: Relay

Read more stories on TechCrunch.com

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