Technology

Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’

Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’

๐Ÿš€ Read this trending post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: AI,Security,chuck robbins,Cisco,cybersecurity,In Brief,Layoffs ๐Ÿ“Œ **What Youโ€™ll Learn**: Technology giant Cisco has decided to cut nearly 4,000 jobs, or about 5% of its workforce, despite reporting better-than-expected earnings and revenue in its fiscal third quarter. The networking equipment manufacturer said it is reducing its staff in order to change its "cost structure" and invest in artificial intelligence and cybersecurity. Cisco's decision follows a recent trend of technology companies increasingly citing the priority of AI spending as a reason to let employees go. Both Cloudflare and General Motors have laid off employees…
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How to turn off Instagram’s new Instants feature and pull up photos you’ve accidentally shared

How to turn off Instagram’s new Instants feature and pull up photos you’ve accidentally shared

๐Ÿ’ฅ Explore this trending post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: Apps,Social,Instagram,Meta โœ… **What Youโ€™ll Learn**: Yesterday, Instagram globally launched a new feature called โ€œInstantsโ€ which is designed to share original and disappearing photos. While the Meta-owned social network has described the Instant feature as a new format for sharing real-life moments as they happen, many users are looking for a way to turn the feature off, especially those who have ended up accidentally sending photos to others, without fully understanding how the feature works. When you first open Instagram's new instant messaging section by tapping on the group of thumbnails…
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Khosla Ventures is betting $10 million on Ian Crosby, whose first startup, Bench, collapsed.

Khosla Ventures is betting $10 million on Ian Crosby, whose first startup, Bench, collapsed.

๐Ÿ’ฅ Discover this must-read post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: AI,Fintech,Venture,accounting,bench,Khosla Ventures,synthetic โœ… **What Youโ€™ll Learn**: Ian Crosby, whose previous startup Bench Accounting closed its doors in 2024 before being bought out for scraps, is making another attempt at building a business by automating the drudgery of bookkeeping. His new startup, Artificial, aims to build a completely autonomous, AI-powered accountant that can generate accrual-based financial statements without direct human involvement. Although the product is still in the design phase โ€” and Crosby admits that his vision may not be technologically possible yet โ€” the startup has raised $10 million in…
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Clawdmeter turns your Claude Code usage statistics into a small desktop dashboard

Clawdmeter turns your Claude Code usage statistics into a small desktop dashboard

โœจ Discover this insightful post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: AI,Gadgets,ai tokens,Claude,claude code,tokenmaxxing ๐Ÿ’ก **What Youโ€™ll Learn**: The era of Tokenmaxxing in Silicon Valley now has its own hardware. A new open source project brings your Claude Code usage statistics to a small desktop dashboard, allowing AI users to monitor their usage. Sure, you can track Claude Code usage directly in the device using commands or other third-party tools and apps, but that's not as fun as seeing a pixel art version of a Clawd sprite dancing on the screen before displaying token usage information at a glance, right? The…
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OpenAI is reportedly preparing legal action against Apple; He wouldn’t be the first partner to feel burned

OpenAI is reportedly preparing legal action against Apple; He wouldn’t be the first partner to feel burned

โœจ Read this insightful post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: AI,jony ive,lawsuit,OpenAI โœ… **What Youโ€™ll Learn**: OpenAI is so frustrated with Apple over its ChatGPT integration that failed to deliver subscribers and popularity that it expects the company is now actively exploring legal action against the iPhone maker, Bloomberg News reported Thursday, citing people familiar with the matter. According to Bloomberg, OpenAI has enlisted an outside law firm to work through its options, which could include sending Apple a formal notice of breach of contract without necessarily escalating to a full-fledged lawsuit (at least not right away). Any legal move…
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Cerebras IPO Brings Billions for Benchmark, but VC Eric Vishria Almost Didn’t Show Up for the Meeting

Cerebras IPO Brings Billions for Benchmark, but VC Eric Vishria Almost Didn’t Show Up for the Meeting

๐Ÿš€ Read this insightful post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: TC,Venture,Benchmark Partners,cerebras systems,IPOs โœ… **What Youโ€™ll Learn**: Cerebras Systems' IPO was a huge success on Thursday, generating billions for itself, its founders and its major investors. Among the big winners was Benchmark, which owns 9.5% of the company's shares. One of the company's general partners, Eric Vicheria, has been on Cerebras' board since 2016, the year the AI โ€‹โ€‹chipmaker was founded, after co-leading its $25 million Series A round. But those billions only happened to Benchmark because Vishria met the startup almost against his will, he told TechCrunch. โ€œWe had…
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Lovable has just backed a company looking to bring biometric programming to devices

Lovable has just backed a company looking to bring biometric programming to devices

๐Ÿ’ฅ Check out this trending post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: Hardware,Startups,Atech,Lovable,Sequoia Scout Fund,VC โœ… **What Youโ€™ll Learn**: AI-powered app building platform Lovable has backed a Danish hardware startup called Atech, which wants to introduce โ€œbio-codingโ€ to the device creation process. Lovable was part of an $800,000 seed round that also included a16z's Scout Fund, Sequoia Scout Fund, and Nordic Makers. In a conversation with TechCrunch, Gustav Hawgood, head of customer experience at Atech, said that the working of the platform is very simple. Users purchase a starter kit for whatever they are trying to create from the Atech website.…
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What will the jury actually decide in Elon Musk v. Sam Altman?

What will the jury actually decide in Elon Musk v. Sam Altman?

๐Ÿ’ฅ Check out this must-read post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: AI โœ… **What Youโ€™ll Learn**: Nine jurors in California are now deliberating on the future of OpenAI, the world's leading artificial intelligence laboratory. While the trial exploring Elon Musk's case against the other OpenAI founders and Microsoft has covered areas ranging from the founders' breakup in 2018 to Altman's firing and rehiring in 2023, jurors will consider a fairly narrow set of questions. Breach of Charitable Trust โ€“ Essentially, did OpenAI and co-founders Sam Altman and Greg Brockman breach a specific agreement with Musk to use his donations to…
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Elon Musk’s SpaceXAI has been hemorrhaging employees since its merger

Elon Musk’s SpaceXAI has been hemorrhaging employees since its merger

๐Ÿ’ฅ Read this awesome post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: AI,Space,Elon Musk,SpaceX,spacexai,xAI ๐Ÿ’ก **What Youโ€™ll Learn**: Elon Musk's newly renamed SpaceXAI is reportedly losing top talent, with more than 50 researchers and engineers leaving since February, according to The Information. Exits include key leaders in programming, world models, and Grok audio. Rivals like Meta and Thinking Machine Labs are reportedly poaching former employees, with the company's core pre-training team dwindling to just a handful of people. Since February, at least 11 xAI employees have defected to Meta, The Information reports. At least seven of them have left to join Mira…
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OpenAI says Codex is coming to your phone

OpenAI says Codex is coming to your phone

๐Ÿ’ฅ Explore this must-read post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: AI,Anthropic,ChatGPT,codex,OpenAI โœ… **What Youโ€™ll Learn**: Codex will become mobile. The programming tool โ€” which OpenAI launched nearly a year ago โ€” has now been integrated into the ChatGPT app, allowing users to monitor and manage their development workflow remotely. The new functionality allows users to see their live Codex environments in any device it runs on. The company announced the changes on Thursday; The update, which is currently in preview, is now available for all plans on iOS and Android. โ€œThis is more than just the ability to remotely control…
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