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Freshworks lays off 660 — about 13 percent of its global workforce — despite strong earnings, profits

CIO

CEO Dennis Woodside said in an analyst call to discuss the earnings that Freshworks “ended the quarter with more than 69,600 total customers with a net add of more than 800 customers.” As such, our board of directors has authorized a share repurchase program of up to $400 million.

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14 climate tech investors share their H1 2022 strategies

TechCrunch

Last year, round sizes for climate tech startups quadrupled, with more than 600 investments totaling over $40 billion. What is your climate tech investment thesis in H1 2022? I see it as a net positive that I don’t think there’s enough capital that we could put towards this to really find the underlying true issues here.

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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

After completing his MBA program, he got to work on a three-month aquacultural project in Ghana, which ultimately led to a three-year role where he became CFO of an Accra-based farm. “I We run a tech-enabled platform and have scaled 2x faster than any other African fish company. Joseph Rehmann founded Victory Farms in 2015.

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5 tips for better business value from gen AI

CIO

Set clear, measurable metrics around what you want to improve with generative AI, including the pain points and the opportunities, says Shaown Nandi, director of technology at AWS. I reviewed some of these agents, and found several AI capabilities that can become competitive differentiators.

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Daily Crunch: Falling short of analysts’ estimates, Warner Bros. Discovery posts $2.1B net loss for Q4 2022

TechCrunch

Startups and VC The truth of the matter is that Mobile World Congress (MWC) was never a consumer tech show, per se, but the participation of various smartphone makers transformed it into a handy launching pad. In the face of conscripted co-founders and blacked-out bunkers, Ukraine’s tech industry marches on. Big Tech Inc.

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6 investors discuss why AI is more than just a buzzword in biotech

TechCrunch

VCs are also increasingly looking for what biotech startups can do with AI beyond just R&D and are wary of companies that use the technology as a marketing tool. We also see AI being used in the biologics space, although the technology is used there far earlier. Where else can AI play a role in health tech?

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Tech stocks manage modest rally after lackluster US jobs report

TechCrunch

Update: Tech stocks have given up all gains since this post went up, with both the Nasdaq and the basket of software stocks we track in the red. The relationship between economic news and the value of technology stocks has been a fun puzzle in recent months. You know, because tech is a big part of the present-day economy.