Airbnb is considering raising new capital at a valuation below its last round of funding in 2016, the Wall Street Journal reported Friday , underlining just how much the company’s fortunes have turned in the past month. The company’s losses has already totaled hundreds of millions of dollars this year as people stop traveling around the world. The company was last valued at $31 billion by...

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Meta’s Twitch Competitor Cuts Contracts With Gaming Creators
Attendees at the E3 Electronic Entertainment Expo in Los Angeles in June 2018. Photo by Bloomberg.
Since 2018, Meta Platforms has paid videogamers to stream their play on Facebook’s gaming service, its alternative to Twitch. Now, in a new era of austerity, Meta is cutting back on those payments. Facebook Gaming in the second half of last year dropped its contracts with at least 200 creators that paid them to spend time streaming on the web service, according to two people with direct...
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Chinese Online Retail Giant JD.com Retreats in Southeast Asia
China’s Baidu to Launch ChatGPT-like Service     
Amazon Fresh Hikes Grocery Delivery Fees
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Microsoft CEO Satya Nadella. Photo by Bloomberg
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How Microsoft’s Stumbles Led to Its OpenAI Alliance
For more than a decade, Microsoft Research, the company’s in-house research group, has touted artificial intelligence breakthroughs such as translating speech to text and software that could understand human language or recognize objects in images.
Patreon CEO Jack Conte. Art by Mike Sullivan
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At Patreon, Mismanagement Thwarts a Pandemic-Era Star
Two years ago, Jack Conte seemed to have pulled off one of the most remarkable makeovers in recent Silicon Valley memory.
Sumo Logic CEO Ramin Sayar. Photo by Bloomberg.
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Thoma Bravo, Vista Approach Sumo Logic About a Possible Buyout
Private equity firms including Thoma Bravo, Vista Equity Partners and Francisco Partners have approached data analytics software company Sumo Logic expressing interest in a possible acquisition, according to a person familiar with the matter.
The back windshield of a Waymo Chrysler Pacifica robotaxi prototype. Photo by Bloomberg
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Alphabet’s Waymo Robotaxi Subsidiary Cuts Staff, Including Trucking Engineers
Alphabet’s self-driving vehicle unit Waymo quietly laid off staff Monday, continuing a wave of job cuts at the parent company of Google, according to LinkedIn posts from affected employees and one person briefed about the move.
CEO Maju Kuruvilla. Photo: Getty Images
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Bolt CEO Cuts Staff a Third Time as Revenue Lags
Bolt, the one-click checkout startup that slashed staff at least twice last year as growth fell short of its goals , laid off around 10% of employees on Tuesday, or at least 50 people, according to two people with direct knowledge.
Photo via Shutterstock.
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Microsoft Plans Security Features, Wider Release for Its OpenAI-Powered Coding Tool
ChatGPT has generated headlines and hype since its release last year, with its humanlike responses to written prompts.