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Byju Raveendran: Unable to process salaries because of investor dispute: Byju Raveendran to staff

Embattled edtech Byju’s founder Byju Raveendran told employees on Saturday that the company is still unable to process salaries, as it is unable to utilise the funds raised as part of the rights issue.In an internal memo, he blamed a select few investors, and added that the amount raised through the rights issue is locked in a separate account.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of…

GTA 6 entering final stages of development as Rockstar asks staff to return to office

At the time of writing, the GTA 6 trailer is sitting pretty at 178 million views on YouTube. But that’s not what most people are interested in. What we want to know is exactly when it’s coming out. Well, the end may be in sight for the long-awaited Grand Theft Auto game. According to a report from Bloomberg‘s Jason Schreier, Rockstar is asking all staff to return to the office for “five days a week starting in April.” This is for “security and productivity reasons,” according to Rockstar Head of Publishing Jenn Kolbe.…

After shocking Google Gemini AI images debacle, CEO Sundar Pichai talks tough to staff

Just a few days after Google Gemini's inaccuracies while generating AI images came to the fore, Alphabet CEO Sundar Pichai has said that the results generated were “completely unacceptable” while also admitting that their AI chatbot got it very wrong. The issue came to light when Gemini users on X shared screenshots of Gemini inaccurately depicting people of colour, while declining to generate images of white people.Gemini image generation controversyThe problems with Gemini began last week as more and more instances…

Life Is Strange Studio Cuts 20% Of Staff

Life is Strange: True Colors developer Deck Nine Games announced that it would be laying off staff. The studio mentioned the games industry's worsening market conditions as the reason for the cuts."Today we made the difficult decision to lay off 20% of our staff. These people are amazing, talented, and awesome developers," Deck Nine said on Twitter. "They have made a huge impact during their time at Deck Nine Games and we did not take this decision lightly."Game director Stephan Frost also said that…

Narrative studio Deck Nine Games lays off 20% of its staff

As if the gaming industry wasn’t going through enough already, one of the studios behind the beloved Life Is Strange series, Deck Nine Games, issued today’s latest round of layoffs. The studio’s announcement was issued on the heels of others today, like PlayStation, and yesterday with developer Supermassive. According to an announcement from Deck Nine Games’ official Twitter, 20 percent of their staff were let go due to the “worsening market conditions.” This isn’t the first time the studio has gone through something…

PlayStation is laying off 900 staff across Naughty Dog, Insomniac and other studios

It’s another bleak day for the gaming industry as there’s more news of . This time around, its that’s gutting its studios. Sony Interactive Entertainment (SIE) it’s laying off around 900 staff from its PlayStation division, roughly 8 percent of that department’s headcount.Insomniac (Spider-Man and Ratchet and Clank), Naughty Dog (The Last of Us) and Guerrilla (Horizon) are all affected by the cuts. Those studios are behind some of PlayStation's most important franchises. For instance, within three and a half months,…

Alibaba staff offers glimpse into life of building LLM in China

Chinese tech companies are gathering all sorts of resources and talent to narrow their gap with OpenAI, and experiences for researchers on both sides of the Pacific Ocean can be surprisingly similar. A recent X post from an Alibaba researcher offers a rare glimpse into the life of developing large language models at the ecommerce firm, which is amongst a raft of Chinese internet giants striving to match the capabilities of ChatGPT. Binyuan Hui, a natural language processing researcher at…

Stellantis CEO dishes on Waymo, Rivian cuts staff and the great EV softening continues

TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Stellantis CEO Carlos Tavares and I covered a lot of ground in a wide-ranging interview covering the company’s previously disclosed targets on EV, the threat that Chinese automakers pose, its deal with…

Google releases new open LLMs, Rivian lays off staff and Signal rolls out usernames

Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter covering noteworthy happenings in the tech industry. This week, Google launched two new open large language models, Gemma 2B and Gemma 7B, in its continued bid for generative AI dominance. The company, which describes the LLMs as “inspired by Gemini,” its flagship family of GenAI models, made each available for commercial and research usage. Elsewhere, embattled database company MariaDB revealed that it could be taken…

Byju Raveendran: I continue to remain CEO: Byju Raveendran to staff

Byju Raveendran, founder of troubled edtech Byju’s, emphasised to his staff in a note on Saturday saying he remains the chief executive of the firm and there are no changes at the company. His note comes a day after a group of investors unanimously voted to oust him as the CEO of the online education platform. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech,…