Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth SlowsRead more

Briefing
crypto

Kraken Lays Off 30% of Staff

By
Aidan Ryan
· · Source: The Information

Crypto exchange Kraken is laying off roughly 1,100 employees, or 30% of its staff, due to market conditions, co-founder and CEO Jesse Powell announced in a blog post on Wednesday. Powell added that the job cuts mean Kraken will have a similar headcount to a year ago. Powell said that “macroeconomic and geopolitical factors” led to lower trading volumes and fewer sign-ups, prompting the...

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Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth Slows
By Natasha Mascarenhas and Stephanie Palazzolo · Sept. 28, 2023 6:40 PM PDT
Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20%, according to former employees who were notified by the company. The drop in Jasper’s internal valuation could indicate that the growth of its AI-powered writing tool for marketers has slowed since the company raised venture funding at a $1.5 billion valuation in...
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