Many big companies in the fintech world cut jobs in the past month. And yet Stripe’s announcement it would lay off 14% of its workforce still made a splash, proving that unicorns and decacorns are not immune to the challenging economic and fundraising conditions. The Stripe news closely follows Chime confirming this week that 12%…
After Warner Bros. Discovery reported its third-quarter earnings results yesterday, the company told investors and analysts in a call that the forthcoming combined HBO Max/Discovery+ streaming service will now launch in the U.S. earlier than previously announced. CEO David Zaslav said the yet-to-be-named service is now getting a spring 2023 launch instead of in the…
This week Amanda Silberling and I went live on LinkedIn and Twitter Spaces to talk about Elon Musk’s questionable plans for blue checks on Twitter. Then, I talk with Natasha Mascarenhas about a new startup, Rewind, that wants to help humans have perfect memory. And as always, we break down the biggest stories in tech….
Stability AI, the venture-backed startup behind the text-to-image AI system Stable Diffusion, is funding a wide-ranging effort to apply AI to the frontiers of biotech. Called OpenBioML, the endeavor’s first projects will focus on machine learning based approaches to DNA sequencing, protein folding, and computational biochemistry. The company’s founders describe OpenBioML as an “open research…
A lot of problems worth solving aren’t ones that you can solve in a year or two or even 10. For founders and investors alike, such long timelines can seem daunting. But for Gene Berdichevsky, co-founder and CEO of battery tech startup Sila, hard tech problems are also some of the most tantalizing. “It’s always…
Sometimes air fryer recipes promise to make something store-bought simple to make in your home. Things like mozzarella sticks or tortilla chips that you would probably be better served just buying from the store. But a viral TikTok bagel chips recipe from @thisisplanetfood is worth making. It’s delicious — like better than the store-bought variety…
If you thought all skincare came in the form of pre-made creams or serums, you thought wrong. And if you thought the only way you could adjust your skincare’s temperature was to cool it down in a chic-but-space-stealing mini fridge, you thought even more wrong. The Opulus skincare system takes both of these assumptions and…
Matter 1.0 is here. After months of hearing about how this software standard will provide a massive benefit to our smart home, users can finally start to see it in action as it rolls out to new gadgets and old favorites. Over 500 companies across the world have been working together under the Connectivity Standards…
Your iPhone could be a step closer to replacing your wallet after Apple revealed its Tap to Pay contactless mobile payment technology is partnering with some of the biggest payments firms around. The service will soon be offered as an option on the iOS apps for PayPal and Venmo, meaning merchants who already use these…
Federal Reserve Board Chairman Jerome Powell Alex Wong/Getty Images A soft landing is a “very probable scenario,” according to PGIM Fixed Income Senior Portfolio Manager Michael Collins. He told Bloomberg TV on Friday that GDP growth slowing to 0%-2% would be a good outcome and would leave rates closer to 4%. Meanwhile, investors are now…