Expense management startup Navan cuts staff to find profitability ahead of delayed IPO
Navan, an expense management startup once known as TripActions, has laid off 5% of its staff, or 145 people, a spokesperson confirmed to TechCrunch today. The Information first broke the news. “Navan has recorded strong growth over the past three years despite the challenges affecting our industry,” the spokesperson wrote
Read moreGrand Theft Auto VI trailer breaks MrBeast’s record for most YouTube views in 24 hours
In just 22 hours, the first trailer for Grand Theft Auto VI has racked up 85 million views, breaking a MrBeast video’s record for most YouTube views in 24 hours. That ranking excludes music videos, but the hype around this long-awaited game could smash past those records too — right
Read moreElon Musk’s xAI company is seeking up to $1 billion in investments
Illustration by Kristen Radtke / The Verge; Getty Images xAI — the AI company founded by Elon Musk — seeks to raise up to $1 billion in equity investments, according to a filing with the Securities and Exchange Commission (as spotted by CoinDesk). The company has raised $134.7 million so
Read moreAre LLMs the end of computer programming (as we know it)?
Ben and Ryan discuss how LLMs are changing the industry and practice of software engineering, a notorious Crash Bandicoot bug, and communication via series of tubes.
Read moreFiat’s new EV looks like the anti-Cybertruck
Last week, Tesla dropped details on the Cybertruck and maxed-out Cyberbeast. After all that talk of supersized trucks, the North American release of the Fiat 500e buggy hits like a frosty mug of ice water. Fiat’s owner, Stellantis, said it would bring the popular li’l EV to North America next
Read moreAmazon’s Project Kuiper: Using LEOs to eliminate the digital divide
It is called Project Kuiper and last week at AWS re:Invent 2023, it was hailed by Amazon Web Services (AWS) chief executive officer (CEO) Adam Selipsky as a technology breakthrough that will “provide coverage in places that have had never had coverage before.” Selipsky made the statement during the conclusion
Read moreIBM launches Quantum System Two, powered by new Heron processor
At the IBM Quantum Summit Monday in New York, IBM launched IBM Quantum Heron, a 133-qubit processor that it said offers up to a five-fold improvement in error reduction over its predecessor. The new processor powers IBM Quantum System Two, which was also unveiled at the event. The company’s first
Read moreX is now licensed for payment processing in a dozen US states
Elon Musk is moving forward with his plans to turn the company formerly known as Twitter, now called X, into an “everything app” that includes its own payments system. The company in late November was granted three additional money transmitter licenses in the U.S. states of South Dakota (on Nov.
Read moreTC+ Roundup: Amazon is not the AI leader
Amazon has been No. 1 in the cloud for years but now finds itself playing catch-up to Microsoft when it comes to AI. © 2023 TechCrunch. All rights reserved. For personal use only.
Read moreCoffee Briefing Dec. 5 – OpenText to divest AMC to Rocket Software; Global companies hiring Canadians; Bell and ServiceNow partner; and more
Coffee Briefings are timely deliveries of the latest ITWC headlines, interviews, and podcasts. Today’s Coffee Briefing is delivered by IT World Canada’s editorial team! Missed last week’s Coffee Briefing? We’ve got you covered. New data finds companies around the world are hiring Canadians Source: Deel Data from online HR company Deel
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