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Adobe launched a suite of generative AI tools called “Firefly” and said its models are trained on data that is either licensed for training, in the…
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Amazon will cut 9K employees in its AWS, advertising, Twitch, and HR segments; this follows the company letting go of 18K workers between November and…
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WSJ sources: Tiger Global marked down its venture portfolios by 33% in 2022, erasing ~$23B in value - Link Twitch’s Emmett Shear will step down as CEO…
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The Information sources: SVB Capital, Silicon Valley Bank’s venture arm, manages $9.5B and invested $234M in Sequoia, $173M in a16z, $145M in Ribbit…
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Stripe raised a $6.5B Series I at a $50B valuation, with all proceeds going toward covering tax obligations related to expiring RSUs and a new tender…
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In a letter to Meta employees, Mark Zuckerberg announced plans to cut 10K more jobs, withdraw ~5K unfilled open roles, and cancel lower-priority…
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The US Treasury Department announced that the FDIC would make all Silicon Valley Bank and Signature Bank depositors whole - Link Shares of First…
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Regulators from the government of California have shut down Silicon Valley Bank; SVB had a total of $209B in assets and $175.4B in total deposits; the…
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Believer, an LA-based game studio that plans to build multiplayer open-world games using generative AI, raised $55M led by Lightspeed with participation…
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Bloomberg sources: Meta plans to cut thousands of more jobs as soon as this week after cutting ~13% of staff (11K employees) in November - Link…
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February 2023

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