Kanye agrees to buy Parler, Elon Musk reportedly plans mass layoffs at Twitter, and Netflix will get into cloud gaming • TechCrunch
Hey, associates! Welcome again to Week in evaluation, the place every Saturday we recap a handful of the very best TechCrunch tales from the previous seven days. want it in your inbox? Get it right here!
This week marked the in-particular person return of TechCrunch Disrupt, with our crew taking the current again into the true world after two years absolutely digital. It was one helluva current, with appearances from people like tennis legend (turned investor) Serena Williams, comic (additionally turned investor!) Kevin Hart, Lyft co-founder John Zimmer, and Figma CEO Dylan discipline. Congrats to Minerva Lithium for worthwhile the Startup Battlefield rivals!
Google’s Ping-Pong robotic: “As if it weren’t enough to have AI tanning humanity’s conceal (figuratively for now) at every board recreation in existence,” writes Devin, “Google AI has bought one working to destroy us all at Ping-Pong as properly.”
Elon expects large Twitter layoffs: Musk reportedly desires to reduce as a lot as seventy five% of Twitter’s workforce — roughly 5,600 jobs — if/when his acquisition of the agency goes by means of. That quantity seems pretty absurd. Even a lot smaller layoffs have compounding outcomes on issues like crew morale and productiveness — simply think about the quantity of knowledge/perception that disappears if the majority of a agency is let go.
Kanye West is procuring for Parler: properly, that’s a headline I by no means, ever, ever would’ve predicted. “Kanye West, the rapper who additionally goes by the identify Ye, has reached an settlement to buy ‘uncancelable free speech platform’ Parler,” writes Manish, “in a transfer [the involved parties say] will assist people categorical their conservative opinions freely.”
Stability AI raises $a hundred and a million: the agency behind the AI-powered picture generator safe Diffusion and music-producing system Dance Diffusion has raised $a hundred and a million at a reported valuation of $1 billion.
Netflix explores cloud gaming: simply as Google presents up on its cloud gaming efforts, Netflix is diving in. At Disrupt this week, Netflix’s VP of Gaming mentioned the agency is “severely exploring a cloud gaming offering,” saying that Google’s shuttered effort was a “technical success” with “factors with the enterprise mannequin.”
right here’s what’s up in TC podcast land this week:
- equity was stay and in particular person! After years in pandemic mode, the equity crew (Alex, Natasha, and Mary Ann) kicked off Disrupt by recording a current face-to-face for the foremost time.
- On found, Darrell and Jordan caught up with Jerrica Kirkley and Matthew Wetschler and found the story of Plume, their telehealth agency that focuses on transgender care.
What had been TC+ members studying most behind the paywall? right here’s a peek:
2023 VC predictions: After a wild few years of ups and downs, what’s going to enterprise capital appear to be in 2023? opposite Capital founder Eric Tarczynski weighs in.
Ron explores Celonis and its $thirteen billion valuation: Celonis will not be a status that all people acknowledges…however the eleven-12 months-outdated knowledge-processing agency has managed to increase billions of dollars inside the earlier couple of years alone. What are they doing so proper? Ron Miller takes us on a deep dive.