The Israeli cybersecurity industry, much like the global one, has been undergoing an evolution that seemed to peak in 2021 with soaring funding rounds, overwhelming valuations, and multiple newly minted unicorns, only to cool down dramatically amidst the market slowdown of 2022 with steep declines and frozen growth rounds. The breakneck speed of these fluctuations…
When it comes to figuring out a formula for a hit game that keeps players coming back year after year, Saxs Persson would know. Now at Epic Games overseeing the Fortnite ecosystem, Persson previously spent 12 years at Mojang building Minecraft into the stratospheric success it is today. Persson hopped over to Epic in 2022…
Another proptech startup has run into trouble. Frontdesk, a startup that managed more than 1,000 furnished apartments across the United States, laid off its entire 200-person workforce Tuesday after attempts to raise more capital failed, TechCrunch exclusively learned from sources familiar with internal happenings at the company. The mass layoff comes just seven months after…
When news broke last year that AI heavyweight OpenAI and Axel Springer had reached a financial agreement and partnership, it seemed to bode well for harmony between folks who write words, and tech companies that use them to help create and train artificial intelligence models. At the time OpenAI had also come to an agreement…
Mutual fund company Fidelity has marked down its investment in X holdings — the parent company of X (formerly Twitter) owned by Elon Musk — by 71.5% from the original valuation of shares, according to a new disclosure. Fidelity spent $19.2 million to acquire a stake in X back in October 2022. The fund manager…
Months after Meta launched its Quest 3 headset, the company is slashing prices for its older Quest 2 headset by $50 permanently. The 128GB version drops from $299 to $249 and the 256GB version drops from $349 to $299. Notably, the headset has been on sale at the new prices since Black Friday. However, Meta…
As the new year approaches, many of us are reminded of all the things we accomplished this year — getting a promotion, being more productive or even showing up to places on time — as well as things we failed to do. (There may or may not be a barely used foldable WalkingPad collecting dust…
As the new year approaches, many of us are reminded of all the things we accomplished this year — getting a promotion, being more productive or even showing up to places on time — as well as things we failed to do. (There may or may not be a barely used foldable WalkingPad collecting dust…
From Salesforce drama to the year of generative AI Apologies to the Grateful Dead, but what a long, strange year it’s been in 2023 enterprise tech news. It began with a ton of Salesforce drama and eventually got taken over by generative AI and ChatGPT, which seemed to come out of nowhere to completely dominate…
From Salesforce drama to the year of generative AI Apologies to the Grateful Dead, but what a long, strange year it’s been in 2023 enterprise tech news. It began with a ton of Salesforce drama and eventually got taken over by generative AI and ChatGPT, which seemed to come out of nowhere to completely dominate…
