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The TechCrunch Top 3 - âSide quests are always distractingâ: Thatâs what Shopify CEO Tobias Lütke had to say today when talking about why Shopify had to reduce its workforce by 20%. He also talked about âmain quests,â which is another video game analogy in case you were wondering. Oh, and Shopify also sold its logistics business to Flexport. Paul has more of the deets. Meanwhile, Darrell also has some thoughts.
- A-I knew this was coming: Microsoft is planning its next set of features for Bing, and, no surprise here, they involve AI. However, Kyle writes that, âthey donât so much reinvent the wheel as they build on what Microsoft has injected into the Bing experience over the past three months or so.â
- Written in the stars: Kyle also wrote about Hugging Face and ServiceNow releasing StarCoder, a free alternative to DeepMindâs AlphaCode, Amazonâs CodeWhisperer and OpenAIâs Codex code-generating models.
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Investors have raised their expectations around SaaS profitability and growth since the downturn began. As a result, it’s even more important for founders to have a firm handle on the key metrics VCs consider before saying yes or no. In his latest TC+ article, Paris Heymann (partner, Index Ventures) shares formulas for calculating gross dollar retention and net dollar retention, KPIs that provide deep insights into the health of your business. “Predictable businesses are more durable, easier to manage, and typically rewarded with higher valuations than unpredictable ones,” writes Heymann. Three more from the TC+ team: TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code âDCâ for a 15% discount on an annual subscription! Read More |
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Big Tech Inc. Ron covered the Salesforce World Tour event this week and found out more details about Slackâs plan to put AI at the center of the user experience. He writes that examples include helping someone get the gist of a long thread without having to read each message and generating messages. We canât wait until the technology for telepathy gets better so we can just think and Slack will type out a message. Dallas, Texas, found itself in a pickle, confirming that a ransomware attack forced the city to shut down courts and disrupt some 911 services while the mess got sorted out. Carly has more. And we have five more for you: |
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