Amazon is launching a new tool, Bedrock Studio, designed to let organizations experiment with generative AI models, collaborate on those models, and ultimately build generative AI-powered apps. Available in public preview starting today, the web-based Bedrock Studio — a part of Bedrock, Amazon’s generative AI tooling and hosting platform — …...Read More

A comprehensive list of 2024 tech layoffs From major layoffs at Tesla, Amazon and Microsoft to small fintech startups and apps The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, …...Read More

Oyo, the Indian budget-hotel chain startup, is negotiating with investors to raise a new round of funding that could cut the Indian firm’s valuation to $3 billion or lower, three sources familiar with the matter told TechCrunch. The startup is engaging with investors, including Malaysia’s sovereign wealth fund Khazanah, for …...Read More

What we learned from the indictment of LockBit’s mastermind On Tuesday, U.S. and U.K. authorities revealed that the mastermind behind LockBit, one of the most prolific and damaging ransomware groups in history, is a 31-year-old Russian named Dmitry Yuryevich Khoroshev, aka “LockbitSupp.” As it’s customary in these types of announcements, …...Read More

Jumia’s revenue and gross merchandise volume showed growth despite a decrease in quarterly active customers, according to its Q1 2024 report. Revenue increased by 19% year-over-year (57% in constant currency) to $48.9 million, while GMV surged by 5% year-over-year (39% in constant currency) to $181 million. The quarterly active customers …...Read More

Welcome to TechCrunch Fintech! This week, we’re looking at Mercury’s latest expansions, wallet-as-a-service startup Ansa’s raise and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8 a.m. PT, subscribe here. (New day and time, same awesome newsletter!) The …...Read More

TikTok is suing the United States government in an effort to block a law that would ban TikTok if its parent company, ByteDance, fails to sell it within a year. The lawsuit, which was filed on Tuesday, argues that the bill violates the U.S. Constitution. “For the first time in …...Read More

Meta is encouraging more users to post to its X rival Threads. In its latest experiment, the company is providing an easy toggle for users to cross-post from Instagram to Threads, the company told TechCrunch. Earlier today, users shared that they saw control for cross-posting on their Instagram accounts. Users …...Read More

Apple just updated its two high-end tablets: the iPad Air and the iPad Pro. While the entry-level iPad didn’t receive an update, the company lowered its price, too. And of course, yes, the iPad mini is still around. So we thought it would be a good opportunity to look at …...Read More

AI is coming for audiobooks, and that is not an entirely bad thing. But it is a cause of concern in the realm of audio titles and the folks who make them today. Audible is making it easy for authors to generate AI-narrated audiobooks, and as in many cases of …...Read More