Happy Friday! We hope you’re ready to unwind after a week filled with exciting news from the tech world. Here’s your daily roundup of the top stories:
Big Tech Inc
SoftBank has been making adjustments to company valuations lately, but the latest adjustment is happening within its own ranks. According to reports, SoftBank’s Vision Fund is laying off 30% of its workforce even as it considers a third fund.
Startups
Amazon launched a livestream shopping site in India called Amazon Live, which will run 15 livestreams a day. The move is seen as an attempt to take on the likes of QVC and other e-commerce giants.
Space Exploration
SpaceX and NASA are partnering to send a commercial crew to boost the orbit of the Hubble Space Telescope. If successful, it will extend the telescope’s life span by as much as 20 years.
AI and Robotics
Meta has introduced a new feature called Make-A-Video that enables users to create videos from text prompts. However, some are questioning the authenticity of these AI-generated videos.
Venture Capital
Despite VCs investing $75B in Q4, it’s still hard for startups to raise money, data proves. This highlights the challenges faced by startups in securing funding despite the growth in VC investments.
Tech Giants
Mark Zuckerberg broke the news at a Meta all-hands meeting that the company will freeze hiring and cut costs. This move is seen as an attempt to streamline operations and reduce expenses.
Industry Insights
In AI copyright case, Zuckerberg turns to YouTube for his defense. This highlights the complex issues surrounding AI-generated content and its implications on intellectual property rights.
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