Severe outage knocked WhatsApp down
WhatsApp, the Meta-owned ubiquitous messaging app, was inaccessible to many users around the globe due to a “major disruption” earlier Wednesday. Tens of thousands of users reported issues sending and receiving messages on the social app, used by over 2 billion users each month. The outage started at around 1.15
Read MoreTesla hits $25B in Q2 revenue, but margins decrease amid price cuts
Tesla reported Wednesday net income of $2.7 billion in the second quarter, up 20% from the same period last year as once again, the company’s EV price cuts dug into profits. The automaker has repeatedly reduced the cost of its four EV models in the United States, Mexico, Europe and
Read MoreTesla’s revenue soars amid rampant price cutting
Illustration by Alex Castro / The Verge Tesla published its second quarter earnings report in which the company said it earned $3.1 billion in net income on $24.9 billion in revenue. That represents a 47 percent increase year over year compared to $16.9 billion in revenue in Q2 2022. The
Read More8 VCs say they are still bullish on SAFE rounds, but it’s not 2021 anymore
SAFE rounds, or simple agreements for future equity, have been around since Y Combinator invented them a decade ago. But they took on a different role in 2021 when they became a fast-moving tool that helped startups close deals in mere days. Before that they were used to close really
Read MoreAI and analytics: We’ve got answers to your burning questions
There’s no denying that the technical hiring environment we’re in today looks very different than it did a year ago. After a wild hiring frenzy, you’ve now likely swung the pendulum the other direction and are staring down resource constraints—all while trying to figure out how you can squeeze more
Read MoreFintech valuations have fallen. Where do they go from here?
With the market having changed dramatically since the heyday of 2021’s venture funding boom, fintech valuations have largely shifted accordingly. With only a few exceptions, the once most valuable companies operating in the fintech space have seen their valuations drop significantly, based on secondary share activity as analyzed by Notice.co,
Read MoreQualtrics claims it’ll spend $500M on AI over the next four years
Qualtrics, the cloud-based platform for managing online customer experiences, intends to spend $500 million on AI over the next four years. The company made the announcement this morning alongside the launch of its new AI-integrated platform, XM/os2 (an unwieldy name, to be sure), which offers generative AI solutions tailored to
Read MoreApple is testing a ChatGPT-like AI chatbot
Apple is developing artificial intelligence tools to challenge Open AI, Google and others, according to a new report from Bloomberg’s Mark Gurman. The tech giant has created a chatbot that some engineers are internally referring to as “Apple GPT.” Apple has yet to determine a strategy for releasing the technology
Read MoreIndia’s Dunzo defers staff pay, to cut jobs amid funding search
Dunzo, a hyperlocal delivery startup in India, is postponing employee salaries for a month and plans a new wave of layoff as the Google and Reliance Retail-backed startup pares its expenses amid aggressive hunt for new funding. The Bengaluru-headquartered startup, which partially deferred making payroll for last month until this
Read MoreCoupling and Cohesion in Object-Oriented Programming
Photo by Redd F on UnsplashHave you ever found yourself navigating multiple files to determine how a straightforward function behaves? On the other hand, have you ever been in the middle of a good class that does everything while you are struggling to add your minor improvement? If you have been
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