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here's your daily crunch. Coming up.

Microsoft is doubling down on AI and a hugging face and service now are releasing a free code generating model.

But first Shopify revealed that it's laying off 20% of its workforce, impacting more than 2,000 people,

and is selling its logistics business to Flexport for roughly

13% in stock.

The news comes some 10 months after Shopify announced that it was reducing 10% of its workforce, roughly 1,000 people, and follows a trend that

has seen many big technology companies engage in several rounds of redundancies in response

to economic headwinds.

Flexport is a 10-year-old freight and logistics platform

that has raised more than $2 billion in funding

from big name investors, including Andresen Harrowitz and Soft Bank.

Up next, Microsoft is embarking on the next phase of Bing's expansion,

and, no surprise, it heavily revolves around AI.

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