We're in the pruning phase of tech layoffs

Equity

TechCrunch

Business, News, Technology, Business News, Entrepreneurship

4.2 • 372 Ratings

🗓️ 14 July 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here's the rundown from Mary Ann and Alex: A new Chinese AI model had us wondering who is really going to win the AI war and whether governments will play a role — perhaps not the role that they are expecting. A founder that Founders Fund funded is now funding other founders at Founders Fund: Yep. Sticking to the venture theme, is it possible for AI models in venture to actually create a less biased landscape for entrepreneurs? Connetic Ventures thinks so! Two bits of good news: Tech layoffs have dramatically slowed, and slowing inflation could herald the end of interest rate hikes, which could bolster tech valuations. Or at least cut some of the pressure. Finally, as Twitter does what it usually does when a rival service takes off, we asked ourselves how other social media services are doing. We are more familiar with some than others. As always, Equity will be back for you bright and early Monday morning. Talk soon! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:16.2	Hello and welcome back to Equity, a podcast all about the business of startups where we unpack the numbers and the nuance behind the headlines. It is Friday July 14th and
0:21.0	my name is Alex and I'm joined today as always by my friend it's
0:23.8	Marianne Asaveto a senior tech-worter on the FinTech beat.
0:27.1	Marianne hey hey Alex how are you? I'm doing good you're wearing a new thing
0:30.8	today though that I have to say which is very interesting. You have strings coming down from your glasses that are made of diamonds.
0:36.0	Oh, my granny lanyard, yes, because while on vacation recently I lost my glasses and it was very upsetting so I vowed that when I got back I would
0:46.8	get this lanyard so now because I'd have to take my glasses off and on right because I don't
0:51.1	need them all the time so it's very easy for me to misplace them,
0:54.6	which I did very frequently.
0:56.6	So now I have the Granny Lagnard
0:58.0	to help me keep track of my glasses.
1:00.9	I've never heard that phrase before.
1:02.2	I just like to point out that you're bringing drip to the actual podcast recording on Zoom and I appreciate that. It's bumping up our overall level of fashionability.
1:10.0	All right, jokes to say, we have a lot to talk about this week, So we're going to kick off with what's going on with AI in China, Ryan Peterson moving to Founders Fund.
1:17.8	Then we have VC in the AI era or kind of AI in the VC era cooling inflation and why it's good for startups tech
1:24.0	layoffs and why it's kind of getting better if you will and then how are those
1:28.0	other Twitter rivals holding up it's gonna be a packed show but Marianne it's tech in 2023 so I think we have to start with artificial intelligence. So if you're okay with it, I want to take us over to China.
1:38.0	Yeah, there's some interesting things happening there.
1:41.0	So tech-wench with a story and essentially someone who was
1:44.9	working on one of the better known search engines in China has put together a very
1:49.5	interesting next-gen LLC it's called Baichuan 13b and if you're not really accustomed to how
1:54.8	Lelms are named it's usually like a brand name with a dash and then a number then a letter and
	...

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