Category: Tech News

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Former Twitter employee said they tried to warn ‘people were going to die’ on Jan. 6th

Twitter’s role in the January 6th insurrection is once again in the spotlight. During a hearing on Tuesday, the House Select Committee investigating the January 6th attack played testimony from a former Twitter employee who said they tried to warn others at the company that there would be violence on January 6th. The committee pointed… Continue reading Former Twitter employee said they tried to warn ‘people were going to die’ on Jan. 6th

Twitter sues Elon Musk for attempting to back out of $44 billion buyout deal

Twitter is suing Elon Musk to force the Tesla and SpaceX CEO to complete his $44 billion acquisition of the social media company. The New York Times reports Twitter filed a complaint on Tuesday with the Chancery Court in Delaware alleging the billionaire wrongfully broke his agreement to purchase the platform. In April, Musk announced… Continue reading Twitter sues Elon Musk for attempting to back out of $44 billion buyout deal

Rivian CEO tells staff the company is carrying out a ‘major’ cost-cutting effort

Electric vehicle maker Rivian is planning a “major” cost-cutting drive and will be “as thoughtful as possible as we consider any reductions,” CEO RJ Scaringe wrote in a memo to employees. Scaringe sent the note in response to reports that Rivian is planning up to 700 or so layoffs, primarily among non-engineering teams. “This is… Continue reading Rivian CEO tells staff the company is carrying out a ‘major’ cost-cutting effort

iOS 16 beta preview: A fun, useful and promising update

The iOS 16 public beta is here, which means you can get a taste of Apple’s upcoming mobile software before its stable release. As we saw at WWDC in June, the iPhone is slated to get a whole new lock screen, edit and send options in iMessage, improved dictation, a Medication tracker, new sharing features… Continue reading iOS 16 beta preview: A fun, useful and promising update

Mubadala in talks to buy asset manager Fortress from SoftBankA deal would value Fortress at more than $1 billion.

Abu Dhabi’s Mubadala Investment Co is in talks to acquire asset manager Fortress Investment Group from Japan’s SoftBank Group Corp, according to a source familiar with the matter. Earlier on Tuesday, Bloomberg News reported, citing a source, that the Abu Dhabi sovereign wealth fund is discussing a deal that would value Fortress at more than… Continue reading Mubadala in talks to buy asset manager Fortress from SoftBankA deal would value Fortress at more than $1 billion.

Harvard University’s endowment fund said to be setting up Singapore office

Harvard University’s endowment fund is opening a Singapore office to expand its portfolio in the region, according to sources aware of the development. DealStreetAsia understands that the US endowment fund reached out to potential candidates to anchor its presence in Singapore and the rest of Southeast Asia, where it intends to conduct more direct investments.… Continue reading Harvard University’s endowment fund said to be setting up Singapore office

Q2 saw SE Asia’s startups record sharper drop in deal volume than first COVID-19 lockdowns

After five quarters of extended growth, the total volume of venture capital funding in Southeast Asia finally fell in the second quarter of this year as macroeconomic indicators turned sour and investors shifted their focus from growth to profitability. While the stance of the fund managers had been predicted since the start of the year… Continue reading Q2 saw SE Asia’s startups record sharper drop in deal volume than first COVID-19 lockdowns

Read the memo Google’s CEO sent employees about a hiring slowdown

Google has told employees that it’ll be “slowing down the pace of hiring for the rest of the year,” according to an internal memo Tuesday by CEO Sundar Pichai obtained by The Verge. Pichai says the company will have to “be more entrepreneurial” and work with “greater urgency, sharper focus, and more hunger than we’ve… Continue reading Read the memo Google’s CEO sent employees about a hiring slowdown

Tesla laying off 229 Autopilot workers, shuttering San Mateo office, filing confirms

Tesla is laying off 229 data annotation employees who are part of the company’s larger Autopilot team and is shuttering the San Mateo, California office where they worked, according to a California regulatory filing.  TechCrunch previously reported that nearly 200 employees were being laid off, according to sources who talked to TechCrunch on condition of… Continue reading Tesla laying off 229 Autopilot workers, shuttering San Mateo office, filing confirms