Daily Crunch: Amazon CEO says laying off 9,000 more workers 'best for company in the long run'

Amazon launches free channels, Gmail gets tick marks, and OpenAI raises more money

People, it is that point of the week once more – Weekly Evaluation (WiR) time. For these new to the scene, WiR is TechCrunch’s common publication that summarizes the most important tech tales of the previous few days. There isn’t any higher abstract for the particular person on the go, we’d argue – however in fact we’re a bit biased.

Earlier than we get to the center of the matter, allow us to remind you that TC Metropolis Highlight: Atlanta is quick approaching. On June 7, TechCrunch heads to Atlanta, the place we’ll host a discipline competitors, a chat on fairness economics, a panel dialogue on investing within the Atlanta ecosystem, and extra.

Elsewhere, there is a TechCrunch Stay occasion on Might 10 with Persona and Index Ventures. And we’ve got Disrupt September 19-21 in San Francisco – our annual convention is crammed with expert-led classes and interviews with those that transfer and sway within the tech house.

Now, aside from that, listed below are the highest headlines.

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Amazon is launching free channels: Amazon is doubling down on free, ad-supported content material with the launch of its Hearth TV Channels this week. The brand new free and ad-supported video expertise coming to Hearth TV gadgets this week shall be always up to date all through the day and built-in into many areas of the Hearth TV interface, Sarah experiences.

Bio replace for examine: Briefly, a bug on Twitter allowed former blue examine house owners to get their badges again by updating their bio. Readers will keep in mind that blue checks on Twitter as soon as indicated {that a} consumer was “verified”, however now serves as a sign that they are paying for Twitter’s premium subscription service, Twitter Blue. Verified customers who selected to not pay just lately confronted the potential of a blue tick elimination – however judging by the error, it might not be completely.

Google removes passwords for passkeys: This week, Google rolled out passkeys to Google Account customers globally, almost a yr after the corporate introduced a partnership with Apple, Microsoft, and the FIDO Alliance to broadly advance passkey adoption. With passwords, customers’ authentication is synced throughout gadgets over the cloud utilizing cryptographic key pairs, permitting them to check in to web sites and apps utilizing the identical biometrics or display lock PIN they use to unlock their machine.

Microsoft launched Pegasus: Microsoft introduced this week that it’ll broaden Startup Founders Hub, a self-service platform that gives founders with free sources, together with Azure credit, with a brand new incubation program known as the Pegasus Program. Microsoft says Pegasus will choose startups with merchandise that “meet a market want” and supply them with as much as $350,000 in Azure, GitHub and LinkedIn credit, plus help from consultants and “entry to the most effective Microsoft know-how.”

Blue checkmarks come to Gmail: Google will begin displaying a blue checkmark subsequent to sure senders’ names in Gmail to confirm their id, firm aforementioned Wednesday. Checkmarks routinely seem subsequent to firms which have adopted Gmail’s present branding indicators for message identification. Ayse.

OpenAI rakes the dough: OpenAIThe startup behind the extensively used chat-based AI mannequin ChatGPT has garnered new supporters. In a particular report, jagmeet And ingrid It reveals that enterprise capital companies equivalent to Sequoia Capital, Andreessen Horowitz, Thrive, K2 World and Founders Fund have invested simply over $300 million in OpenAI, valuing the corporate between $27 and $29 billion.

Apple has launched a safety repair: On Monday, Apple launched the primary publicly accessible “safety fast” patches that goal to rapidly repair vulnerabilities which can be actively exploited or pose vital dangers to its prospects. Apple says these patches, that are enabled by default, are supposed to permit prospects to replace their gadgets sooner than with a typical software program improve.

Musk settles for much less: A defamation lawsuit filed by critic Randeep Hothi in opposition to Tesla CEO Elon Musk is nearing its finish as reportedly costing the billionaire. ten big ones. Attorneys representing Hothi – vocal member of the group TSLAQ Quick vendor neighborhood on Twitter became famous Skeptical of Tesla’s gigafactory plans and “absolutely driverless driving” know-how, Musk stated in March he needed to settle the almost three-year-old lawsuit.

A brand new LLM for Alexa: The corporate’s CEO, Andy Jassy, ​​stated Amazon is constructing a extra “generalized and succesful” main language mannequin to energy Alexa. first quarter earnings call This week. He added that whereas Amazon has an LLM that helps Alexa, Amazon is engaged on an LLM that’s extra succesful than the present one.


TechCrunch’s secure podcasts are rising by the day – and so they’re all high quality stuff. This week, Equality Individuals talked about First Republic Financial institution, the Poparazzi closing, the Databricks acquisition, who went head-to-head with Stripe, the rise of down rounds, and why Bluesky made them really feel much less grey. In the meantime, To create He spoke with Stefan Bauer about how his firm, Marker Studying, reduces the price of studying by conducting studying incapacity assessments remotely. chain reaction Interviewed Jake Chervinsky, chief coverage officer of the Blockchain Affiliation, a nonprofit targeted on selling “pro-innovation” coverage for the digital asset world. Open TechCrunch Podcast – Like WiR, it covers the week in tech information – Devin talked about whether or not Meta’s inconsiderate method to compliance is lastly coming to an finish. And final however not least, TechCrunch Live He profiled Sam Chaudhary, founding father of ClassDojo, and Chris Farmer, founder and CEO of SignalFire, about enjoying long-term in edtech, investing in firms that are not in a rush to become profitable, and the “overseas benefit”.


TC+ subscribers get entry to in-depth evaluations, analytics, and surveys you understand in case you’re already a subscriber. If not, contemplate signing up. Listed below are just a few highlights from this week:

A cloudy future: Lyft’s fairness is being offered after the US ride-hailing big’s first-quarter outcomes and feedback on the present quarter and the way its new strategic stance will have an effect on its development and financial system within the coming quarters. However there’s not essentially a cause for panic. Alex And Anna Write about Lyft’s new means and potential execs, that are just a few.

Down however not out: Over the previous yr, everybody predicted that the quiet exit atmosphere and dried-up funding market would convey a showdown for a lot of late-stage firms. Down excursions carry a detrimental connotation and are sometimes interpreted because the fault of the corporate or founder. However in a market the place the whole lot goes down, it should not imply that an organization or its founders made a mistake – more often than not you simply can not help it. rebecca author.

Meet ChatGPT, edtech: Shares of Edtech firm Chegg tumbled off a cliff this week regardless of the corporate reporting first-quarter outcomes that beat analyst expectations. The corporate’s executives famous in earnings calls that ChatGPT has slowed its capacity so as to add new subscribers, not solely probably slowing development but in addition including uncertainty to its capacity to foretell future monetary outcomes. Alex And Natasha M dig deeper.

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