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Daily Crunch: With Bungie under its wing, Sony plans to invest half of its PlayStation Studios development budget on live service games this year

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Tech layoffs top 15K in a brutal May

It’s been a rough month in the tech sector. We’ve rounded up week after week of layoffs, and according to aggregator layoffs.fyi, more than 15,000 tech workers have lost their jobs this month. Hop

Lidar exposes the remnants of an overgrown ancient civilization in the Amazon

It’s Friday and the world is falling apart, so let’s just take a short mental health break with some interesting news out of the field of archaeology, where tech is enabling some fascinati

As crypto becomes more mainstream, can it stay decentralized?

Decentralization can mean different things to different people, but most in the web3 community agree that it is one of the key factors to what makes crypto, well, crypto.

Elon Musk says Starlink has been approved in Nigeria and Mozambique

Elon Musk announced in a tweet on Friday that Starlink, the satellite internet service launched by SpaceX, his space exploration company, has been approved in Nigeria and Mozambique. This news is comi

4 questions to ask before building a computer vision model

Before founders begin building AI systems, they should think carefully about their risk appetite, data management practices and strategies for future-proofing their AI stack.

Steal this hot new summer look (it’s bacteria)

Bacterial secretions might dye your future wardrobe, and that’d be an improvement. That’s because textiles usually get their hues from toxic chemicals, and the resulting wastewater — laden w

Diesel is a horrible thing for an economy to depend on

Want to tame inflation? Start by ditching fossil fuels.

TechCrunch+ roundup: Cannabis investor survey, product ops, recurring revenue financing

The cannabis industry is doing well in the United States: Over 75% of the population lives in a state where access is permitted, and the legal market is expected to generate $33 billion this year.

Found celebrates one year by bringing on four founders in a roundtable episode

Found is officially one year old and we’ve got a brand new look! To celebrate we decided to have back four founders who made us think, laugh and have generally stuck with us since we talked with

Tesla won’t set up manufacturing plant in India until allowed to first sell and service cars, Elon Musk says

Tesla won’t set up a manufacturing plant in India until it is first allowed to sell and service cars in the South Asian nation, the carmaker’s chief executive Elon Musk said Friday, more t

NJ talent firm exposed thousands of resumes, detailing immigration statuses and security clearances

A New Jersey talent acquisition firm exposed the resumes and personal information of at least 30,000 prospective workers by leaving a database on the internet without a password. The database belongs

Rivian hires a new COO amid other leadership and organizational shifts

Rivian has hired a new chief operating officer to lead the restructuring and alignment of its operations, the automaker said Thursday. Frank Klein will join the company on June 1 as Rivian’s new COO

Snapchat rolls out new ‘Shared Stories’ feature to make it easier to share memories

Snapchat is rolling out a new “Shared Stories” feature that is designed to make it easier for users on the app to collaborate and share memories. The feature is a new iteration of the app&

What’s the TAM for paid newsletters?

While Substack was correct that it had identified a niche worth exploiting, it may not be a market slice that is amenable to venture-speed revenue expansion.

TechCrunch Podcasts this week: Scaling web3, bulls and bears, falling tech valuations and UFOs

TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to the startup and venture capital worlds. To help y

A ping-pong match between bulls and bears

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Happily we were once again at full strength this week, with Al

Manish Maheshwari, former Twitter India head, leaves new startup

Manish Maheshwari, the former head of Twitter India, is leaving the startup he co-founded just six months ago following disagreements with co-founder and investors. “I am moving out of Invact to

Joywell Foods raises $25M to bring sweet proteins to market

Joywell uses a proprietary microbial fermentation process to produce sweet proteins that are nearly identical to those found in exotic fruits and berries.

Indian fintech Jar eyes $50 million investment

Indian fintech Jar, which closed a $32 million financing round in February this year, is in talks to raise new funding as it looks to scale its product and expand its offerings. The Bengaluru-headquar
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