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Bungie, the gaming company that created sci-fi hits such as Halo, Destiny, and Marathon, has laid off 220 employees, roughly a 17% reduction to its workforce, the company announced Wednesday. This is Bungie’s second round of layoffs since it was taken over by Sony in 2022. Two former Bungie employees affected by Wednesday’s layoffs say […] © 2024 TechCrunch. All rights reserved. For personal use only.

The U.S. Copyright Office has issued the first part of a report on how AI may affect its domain, and its first recommendation out of the gate is: we need a new law right away to define and combat AI-powered impersonation. “It has become clear that the distribution of unauthorized digital replicas poses a serious […] © 2024 TechCrunch. All rights reserved. For personal use only.

The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized […] © 2024 TechCrunch. All rights reserved. For personal use only.

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a behemoth used by more than 92% of Fortune 500 companies. That growth has propelled OpenAI itself into […] © 2024 TechCrunch. All rights reserved. For personal use only.

Back in May, Spotify quietly started putting lyrics behind a paywall, limiting free users to lyrics for three songs per month. The move was a bid to push more users to pay for the service. After receiving numerous complaints, the company is now expanding the monthly limit. Starting today, Spotify is raising the limit on […] © 2024 TechCrunch. All rights reserved. For personal use only.

Here is a timeline of the events that led fledgling automaker Fisker to file for bankruptcy. © 2024 TechCrunch. All rights reserved. For personal use only.

As failed EV startup Fisker winds its way through bankruptcy, a persistent and tricky question has become a flashpoint of the proceedings: does its loan secured lender Heights Capital Management deserve to be at the front of the line to reap the proceeds of a liquidation?  Heights has maintained an unequivocal “yes.” But new information […] © 2024 TechCrunch. All rights reserved. For personal use only.