Imagenination | JOMO for 24th May
In today’s JOMO: Snap snaps, the great return (from startups to IT) and Google enters the ‘text-to-image’ chat
🗞In the news
Snap falls 39% on pace for worst day ever, dragging other stocks with it - CNBC
The tumble comes after Snap issued a warning on Monday to investors saying it won’t meet its own targets for revenue and adjusted earnings in the current quarter.
Down, down, down
UK fines Clearview just under $10M for privacy breaches - TC
Tech professionals return to IT companies, captives after start-up dreams lose shine - ET
According to data shared by talent consulting company Han Digital, around 40-50% of employees leaving startups are getting absorbed by IT companies, consulting and product companies and global captive centres (GCCs).
🤑🚀Startups, funding etc
Delhivery's market debut more than doubles SoftBank stake value to $1 bn - ET
Stunning market debut, especially considering the market sentiment
🤩New products, features, launches
TikTok to launch LIVE creator subscriptions this week - TC
🤔Interesting read
OpenAI: Look at our awesome image generator! Google: Hold my Shiba Inu - TC
The AI world is still figuring out how to deal with the amazing show of prowess that is DALL-E 2’s ability to draw/paint/imagine just about anything… but OpenAI isn’t the only one working on something like that. Google Research has rushed to publicize a similar model it’s been working on — which it claims is even better
Super super cool developments. With Google getting into the fray one can expect more rapid developments and usable offerings. Check out some of the sample images generated by text (at the end of the doc)
Klarna’s layoffs signal a broader buy now, pay later slowdown - Morning Brew
Last week, the WSJ reported that Klarna was currently looking to raise money at a valuation closer to $30 billion, a 30% cut from its valuation peak. And Klarna’s not the only one getting a shave: Shares of Affirm, the US BNPL giant, have dropped almost 75% this year.
And here is how they laid of 10% of their workforce: via a prerecorded video 🤦🏻♂️
😎Cool Products, websites and tools
A professional network w/ robust work profiles at its core
📊Poll for the day
Have you heard of DALL-E?
No
Do you mean WALL-E?
Yes!
Curated from:
Morning Brew, Verge, Techcrunch, Techmeme, CNBC, Hacker News, Product Hunt and more