Connect with us

Technology

Stripe is laying off 300 people, but says it still plans to hire in 2025

Published

on

The Stripe Inc. headquarters in South San Francisco.

Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider.

The affected employees are “largely in product, engineering, and operations roles,” the memo said. Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% “to land at about 10,000” by the end of the year. Doing the math, that means Stripe has about 8,550 employees currently.

McIntosh said the cuts are happening because it “became clear there were several team-level changes needed” to ensure Stripe had “the right people in the right roles and locations to execute against” its plans.

In November 2022, Stripe announced that it was laying off 14% of its workers, impacting around 1,120 of its then 8,000-person workforce.

Advertisement

The company has long been expected to go public but has instead continued to raise funds and conduct tender offers to provide liquidity to employees. It was valued at $70 billion as of last July.

Want more fintech news in your inbox? Sign up for TechCrunch Fintech here.

Want to reach out with a tip? Email me at maryann@techcrunch.com or send me a message on Signal at 408.204.3036. You can also send a note to the whole TechCrunch crew at tips@techcrunch.com. For more secure communications, click here to contact us, which includes SecureDrop and links to encrypted messaging apps.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Technology

Samsung Galaxy S25 Series: Specs, Release Date, Price, Features

Published

on

Samsung Galaxy S25 Series: Specs, Release Date, Price, Features

Samsung employs Corning’s new Gorilla Armor 2 glass on the S25 Ultra, which supposedly has 29 percent better resistance to fractures than the original Gorilla Armor on the Galaxy S24 Ultra. Interestingly, Samsung says it saw a 60 percent drop in screen repairs from the S24 over the S23 series, which could mean the S25 is even more durable.

The phones are powered by Qualcomm’s Snapdragon 8 Elite chipset, which has debuted in phones like the Honor Magic 7 Pro and OnePlus 13. This will be the processor in all Samsung Galaxy S25 series phones globally, unlike prior years when Samsung opted for its own Exynos chips in some markets. Samsung claims this chip offers a 37 percent CPU upgrade, a 30 percent graphics boost, and a 40 percent improved neural processing unit when compared to the S24 series.

Samsung and Qualcomm collaborated on optimizing the chip, and that close tie has enabled new features like ProScaler. On the S25 Ultra and S25+, this feature can upscale images on the screen to match the display resolution. Say you’re browsing Instagram and someone uploaded a 1,080p image—it will be upscaled to QHD+.

The vapor chamber cooling system is larger on all three—a crucial component to keep the phones from getting too hot during intense gaming sessions—with the chamber in the S25 Ultra getting a 40 percent size bump. Samsung also says sitting on top of the chip is a new “tailored thermal interface material” that leaves zero gaps for air, pulling heat from the processor directly to the vapor chamber cooling system to increase performance and reduce stress on the battery.

Advertisement

Arguably the most disappointing part of the hardware story is the lack of support for Qi2 charging. This is the new version of the Qi wireless charging standard, which borrows a lot of features from Apple’s MagSafe charging system. It embeds magnets into the phone, allowing users to magnetically attach the phone to a Qi2 charger for more efficient and faster wireless charging, plus the convenience of magnetic accessories to enhance the phone. I expected to see several Qi2 Android phones in 2024, but all we got was HMD’s Skyline. Now, in a move that’ll make things more confusing, the Galaxy S25 series is being classified as “Qi2 ready.”

This is a new classification for phones that won’t have the built-in magnets but will feature official and third-party Qi2 cases with magnets inside, essentially bringing a similar if not the same magnetic experience as a proper Qi2 device. Android users who want MagSafe’s utility have had to rely on these cases so far, so it’s just a shame that Qi2 is still not natively part of these brand new phones.

Camera specs are roughly the same as before, with the ultrawide being the exception on the Galaxy S25 Ultra—it now packs 50 megapixels instead of 12. Samsung says this in turn boosts the quality of macro photos. There are some more interesting changes to the image processing algorithm. Samsung’s next-gen ProVisual Engine uses a “spatial-temporal filter” to distinguish between moving and stationary objects to ensure photo subjects don’t blur when capturing a picture in low-light conditions. Double-analysis noise removal analyzes every pixel for noise, looks at eight pixels around it, and removes the noise to clean up the image.

Source link

Advertisement
Continue Reading

Technology

Samsung Galaxy Unpacked 2025: live updates from the event

Published

on

Samsung Galaxy Unpacked 2025: live updates from the event

How to watch Samsung’s Galaxy Unpacked 2025.

Samsung’s Galaxy Unpacked event kicks off at 1PM ET. We’re expecting the Galaxy S25, Galaxy S25 Plus, and Galaxy S25 Ultra, but Samsung may have a few surprises. Who knows? We’ll also have a story stream with all the news from San Jose, California, if you want to follow along.

Source link

Continue Reading

Technology

Elon Musk and Sam Altman take to social media to fight over Stargate

Published

on

Elon Musk and Sam Altman take to social media to fight over Stargate

Billionaire Elon Musk and OpenAI CEO Sam Altman are fighting on X about Stargate, the enormous infrastructure project to build data centers for OpenAI across the U.S.

Stargate, announced Tuesday during a press conference at the White House, would funnel as much as $500 billion from investors including SoftBank and Middle East AI fund MGX into data centers to support OpenAI’s AI workloads. Partners in Stargate have initially pledged $100 billion, some of which is being put toward a data center under construction in Abilene, Texas.

Elon Musk claims that Stargate doesn’t have the money it says it does.

“The don’t actually have the money,” Musk wrote in a series of posts on X on Tuesday. “SoftBank has well under $10 billion secured. I have that on good authority.”

Advertisement

Musk, of course, is not a neutral party. He has his own AI company, xAI, that competes — and is currently embroiled in a lawsuit — with OpenAI. In the suit, xAI and Musk accuse OpenAI of anticompetitive practices, including discouraging investors in OpenAI from backing AI rivals.

Altman fired back at Musk in an X post Wednesday — and called his bluff.

“Wrong, as you surely know,” Altman said, responding to Musk’s allegation that SoftBank was short of capital. “[Stargate] is great for the country. I realize what is great for the country isn’t always what’s optimal for your companies, but in your new role, I hope you’ll mostly put America first.”

Advertisement

Musk is spearheading the Department of Government Efficiency (DOGE), a U.S. government advisory commission recommending deep cuts to federal agencies. DOGE was made more official Monday by an executive order signed by President Donald Trump, but the commission faces a number of legal challenges.

Advertisement

xAI, like OpenAI, is hungry for infrastructure to develop its AI systems. Musk’s company is estimated to have spent $12 billion on its single data center in Memphis, Tennessee, and could spend billions more upgrading the facility.

Asked about Musk’s X posts during an interview at the World Economic Forum in Davos, Satya Nadella, CEO of Microsoft, a close OpenAI collaborator and investor, declined to weigh in. “All I know is, I’m good for my $80 billion,” he said, referring to Microsoft’s recent pledge to spend a record amount on AI data centers this year.

Source link

Advertisement
Continue Reading

Technology

This Company Wants to Build a Space Station That Has Artificial Gravity

Published

on

This Company Wants to Build a Space Station That Has Artificial Gravity

California-based Vast Space has big ambitions. The company is aiming to launch a commercial space station, the Haven-2, into low Earth orbit by 2028, which would allow astronauts to stay in space after the decommissioning of the International Space Station (ISS) in 2030. In doing so, it is attempting to muscle in on NASA’s plans to develop commercial low-orbit space stations with partner organizations—but most ambitious of all are Vast Space’s goals for what it will eventually put into space: a station that has its own artificial gravity.

“We know that in weightlessness we can live a year or so, and in conditions that are not easy. Perhaps, however, lunar or Martian gravity is enough to live comfortably for a lifetime. The only way to find out is to build stations with artificial gravity, which is our long-term goal,” says Max Haot, Vast’s CEO.

Vast Space was founded in 2021 by 49-year-old programmer and businessman Jed McCaleb, the creator of the peer-to-peer networks eDonkey and Overnet, as well as the early and now defunct crypto exchange Mt. Gox. Vast Space announced in mid-December a partnership with SpaceX to launch two missions to the ISS, which will be milestones in the company’s plan to launch its first space station, Haven-1, later in 2025. The missions, still without official launch dates, will fall within NASA’s private astronaut missions program, through which the space agency wants to promote the development of a space economy in low Earth orbit.

Graphical representation of Haven-1 in orbit.

Advertisement

Photograph: Vast Space

For Vast, this is part of a long-term business strategy. “Building an outpost that artificially mimics gravity will take 10 to 20 years, as well as an amount of money that we don’t have now,” Haot admits. “However, to win the most important contract in the space station market, which is the replacement of ISS, with our founder’s resources, we will launch four people on a [SpaceX] Dragon in 2025. They will stay aboard Haven-1 for two weeks, then return safely, demonstrating to NASA our capability before any competitor.”

Space for One More?

What Vast Space is trying to do, by showing its capabilities, is get involved in NASA’s Commercial Destinations in Low Earth Orbit (CLD) program, a project the space agency inaugurated in 2021 with a $415 million grant to support the development of private low-Earth orbit stations.

The money was initially allocated to three different projects: one from aerospace and defense company Northrop Grumman, which has since exited the progam; a joint venture called Starlab; and Orbital Reef, from Jeff Bezos’ Blue Origin. Vast has no contract with the US space agency, but it aims to outstrip its competitors by showing NASA that it can put a space station into space ahead of these others. The agency will choose which project’s station to back in the second half of 2026.

By doing this, Vast is borrowing from SpaceX’s playbook. Not only has Vast Space drawn some of its employees and the design of equipment and vehicles from Elon Musk’s company, it’s also trying to replicate its approach to market: to be ready before anyone else, by having technologies and processes already qualified and validated in orbit. “We are lagging behind,” Haot says. “What can we do to win? Our answer, in the second half of 2025, will be the launch of Haven-1.”

Advertisement

Haven-1 will have a habitable volume of 45 cubic meters, a docking port, a corridor with consumable resources for the crew’s personal living quarters, a laboratory, and a deployable communal table set up next to a domed window about a meter high. On board, roughly 425 kilometers above Earth’s surface, the station will use Starlink laser links to communicate with satellites in low Earth orbit, tech that was first tested during the Polaris Dawn mission in the autumn of 2024.

Source link

Continue Reading

Technology

Google Fiber is coming to Las Vegas

Published

on

Google Fiber is coming to Las Vegas

Google Fiber’s next big expansion is underway in Las Vegas, Nevada. After first announcing the expansion last year, Google has confirmed that it has started construction in Las Vegas and Clark County where its fiber internet service will be available “later this year.”

GFiber, as it’s increasingly being branded, is currently available in select cities across 19 states, including California, North Carolina, Texas, Tennesee, and more. The company most recently lit up its services in Pocatello, Idaho; Logan, Utah; and Lakewood, Colorado, and it plans on bringing GFiber to Lawrence, Kansas as well. Like other fiber internet services, GFiber has symmetrical internet speeds, meaning the speeds for uploads and downloads are the same.

Google’s streamlined plans offer three options instead of four.
Image: Google

On Wednesday, Google also confirmed that it’s piloting simplified, “lifestyle-based” plans in Alabama and Tennesee, which were first spotted last month. The new $70 / month Core 1 Gig, $100 / month Home 3 Gig, and $150 / month Edge 8 Gig plans replace the 1 Gig, 2 Gig, 5 Gig, and 8 Gig plans that GFiber widely offers.

Advertisement

These new plans are also launching in all of the locations where GFiber is currently available in Arizona and North Carolina, GFiber spokesperson Sunny Gettinger tells The Verge. They’re coming to most of GFiber’s remaining cities within the next month, too.

Source link

Continue Reading

Technology

Trump administration fires members of cybersecurity review board in “horribly shortsighted” decision

Published

on

The logos of the U.S. Department of Homeland Security are seen on computer terminals in a training room of the Cyber Crimes Center of the U.S. Immigration and Customs Enforcement October 13, 2009 in Fairfax, Virginia.

On Tuesday, a day after Donald Trump’s inauguration as the new U.S. president, the Department of Homeland Security told members of several advisory committees that they were effectively fired. 

Among the committees impacted is the Cyber Security Review Board, or CSRB, according to sources familiar with the board who spoke to TechCrunch, as well as reporting by other news outlets. The CSRB was made up of both private sector and government cybersecurity experts.

One person familiar with the CSRB, who received the letter informing them that their membership in the CSRB was being terminated, criticized the decision.

“Shutting down all DHS advisory boards without consideration of the impact was horribly shortsighted,” the person, who asked to remain anonymous, told TechCrunch. “Stopping the CSRB review when China has ongoing cyber attacks into our critical infrastructure is a dangerous blunder. We need to learn from Salt Typhoon and protect ourselves better. The fact this isn’t a priority for Trump is telling.”

Advertisement

“You can’t stop what you don’t understand and the CSRB was arming us with understanding,” the person added.

The person was referring to the CSRB’s review of the devastating recent breaches at several telecoms in the U.S., allegedly carried out by Chinese government hackers

Contact Us

Do you have more information about the Trump administration and its decisions and activities in the cybersecurity realm? From a non-work device, you can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, or via Telegram and Keybase @lorenzofb, or email. You also can contact TechCrunch via SecureDrop.

CISA spokesperson Valerie Mongello referred TechCrunch’s request for comment to DHS, which did not respond to a request for comment. 

“In alignment with the Department of Homeland Security’s (DHS) commitment to eliminating the misuse of resources and ensuring that DHS activities prioritize our national security, I am directing the termination of all current memberships on advisory committees within DHS, effective immediately,” read the letter sent to members of the CSRB. 

Advertisement

Another person familiar with the matter pointed out that “it’s interesting that the rationale is ‘misuse of resources’ because all advisory board members get an excitingly rich salary of…$0.” 

Katie Moussouris, a cybersecurity expert with more than two decades of experience, and a former member of the CSRB, told TechCrunch that “the people who serve as government advisors should be judged by skills and merit, not by political affiliation. I’m hopeful that these critical advisory board vacancies will be filled with the most qualified people without delay.”

The CSRB investigated the breach of U.S. government email systems provided by Microsoft, also allegedly carried out by Chinese government hackers. In March of last year, the committee published a report on the incident, which was widely lauded in the cybersecurity community. 

Other DHS advisory committee members that are reportedly impacted by DHS’s decision are those dedicated to artificial intelligence, telecommunications, science and technology, and emergency preparedness.

Advertisement

Source link

Continue Reading

Technology

UK Pledges Public Sector AI Overhaul

Published

on

UK Pledges Public Sector AI Overhaul

The U.K. government has unveiled a set of digitisation plans within the public sector to save £45 billion each year in productivity. The headline announcement is “Humphrey,” a set of AI tools to speed up policy-making activities.

Most Humphrey tools summarise government data, including debates, meetings, policies, laws, and responses to consultations, so civil servants can search through it more quickly when making decisions. Before this, the collation of consultation responses was outsourced to contractors, costing the taxpayer £100,000 a pop.

Another plan is to establish a new team within the Department for Science, Technology, and Innovation that will be in charge of identifying how tech can be used to improve the efficiency of public services. Current systems result in the U.K. tax authority taking 100,000 phone calls daily and the driving licence agency processing 45,000 physical letters, making response times unnecessarily long.

This team will start by developing solutions to help people with disabilities or long-term illnesses more quickly access the services they need, such as financial support or healthcare. The tech will connect the relevant government departments or local authorities so individuals don’t have to be passed between up to 40 of them in a series of phone calls.

Advertisement

Other initiatives, announced on Jan. 21, include:

A full roadmap of these plans on how the government will renew its £23 billion a year tech spend will come in the summer.

SEE: UK Trails Behind Europe in Technical Skills Proficiency

UK public services are plagued by legacy technology

European companies tend to specialise in mature technologies, meaning the region is often seen as technologically behind, particularly compared to the U.S. The U.K. is a top culprit, particularly in critical national infrastructure, which is difficult and expensive to update without downtime.

Advertisement

SEE: 99% of UK Businesses Faced Cyber Attacks in the Last Year

A government report published this week found that nearly half of public services, such as those offered by the NHS and local councils, cannot be accessed online. For example, registering a death must be done in person and, businesses must place a newspaper advert when they want to buy a lorry.

The report found that a quarter of all digital systems used by the central government are outdated, leading to high maintenance costs and a heightened risk of cyber attacks. NHS England alone saw 123 critical service outages last year, leading to missed appointments and disruptions relating to staff being forced to use paper-based systems.

Cybercrime disruption can have even more severe consequences. In June, a ransomware attack on pathology company Synnovis led to months of NHS disruption and, according to Bloomberg. This resulted in harm to dozens of patients, with long-term or permanent damage in at least two cases.

Advertisement

Government is dedicated to making the UK an AI leader, reaping economic growth

This announcement comes just a few days after the government’s “AI Opportunities Action Plan,” outlining the 50 ways it will build out the AI sector and turn the U.K. into a “world leader.” The strategy involves boosting public computing capacity twentyfold, creating a training data library, and building AI hubs in deindustrialised areas.

Last year, the U.K. signed an agreement committing to explore how AI can improve public services and boost economic growth, along with the other Group of Seven nations.

SEE: UK Government Announces £32m of AI Projects

Science Secretary Peter Kyle said in a press release: “We will use technology to bear down hard to the nonsensical approach the public sector takes to sharing information and working together to help the people it serves. We will also end delays businesses face when they are applying for licenses or permits, when they just want to get on with the task in hand – growth.”

Advertisement

A “Digital Commercial Centre of Excellence” will also be forged as part of the overhaul, which will look at how public sector firms can invest in U.K. tech startups and scaleups, simultaneously boosting their efficiency and creating jobs.

Source link

Advertisement
Continue Reading

Technology

Everything new on Max in February 2025

Published

on

Rick and Chelsea stand together in The White Lotus season 3

As we begin our venture into a brand new month all the best streaming services, most recently Max, are dropping their February 2025 schedules one after the other. Last month, Max welcomed its first wave of 2025 titles, which included some of the best Max movies, from A Star is Born (2018) to The Imitation Game (2014). This month, the streaming service looks to be continuing its run of highly-rated additions.

It’s always a treat to see what new Max movies and shows are headed to Max each month, especially since it’s one of the few platforms that have a jam-packed first day of titles (there are 80 new additions being added on February 1 alone). And in addition to the slew of movies on day one, one of the most-awaited TV renewals – The White Lotus season 3 – will finally be here on February 16.

Source link

Continue Reading

Technology

Abbott Lingo Continuous Glucose Monitor Review: Easy and Clear

Published

on

Abbott Lingo Continuous Glucose Monitor Review: Easy and Clear

To put on the Lingo, you unwrap it and place the carton in the dispenser. Clicking the dispenser on your arm, which sends the filament under your skin, stings only faintly. It feels like getting flicked with a finger. It is way less painful than pricking your finger with a needle until you bleed, many times a day, and I was an idiot and should have done this before.

The sensor itself is fine. I don’t feel it most of the time, unless I change my clothes with much vigor and abandon, in which case I do have to be careful. You can pick where you put the sensor; most people pick their non-dominant arm. It’s water-resistant, so you can swim and shower with it, and you don’t have to charge it.

Once I had the sensor on, I opened the Lingo app, registered, and waved my phone next to it. Done! I was ready to start monitoring.

Advertisement

Sugar Rush

If you’ve never monitored your blood glucose continuously, you’re probably in for a few surprises. Eating in a way that makes sense to a glucose monitor does not always mean eating healthier, objectively. For example, consider a typical lunch for me, which is a bowl of homemade pureed carrot soup and whole wheat bread. Because carrots and bread are carbs, this spikes my blood sugar to an alarming extent. An ultra-processed protein peanut butter bar, however, barely moves my blood sugar at all, even though if you’re healthy, one is not necessarily better than the other.

If you reduce the number of carbs you consume, you will reach ketosis, which is when your body starts burning your body fat instead of your readily available blood glucose for energy, because you have none. This is different, and less dangerous, than getting ketosis as a diabetes complication, but I still hate it.

I put the Lingo on during CES, where I did make one alarming discovery—I was walking around way too much for the amount of food that I was eating, and I was going hypoglycemic during the night. I thought my sleep disturbances were just due to work, stress, and being away from my family, but no, I was totally bottoming out.

Source link

Advertisement
Continue Reading

Technology

I hope Sharge’s new retractable charger can survive me fidgeting with it all day

Published

on

I hope Sharge’s new retractable charger can survive me fidgeting with it all day

First revealed last December through a Chinese retailer, Sharge’s new 65W GaN charger is now available globally. As the name implies, the Retractable 65 features an integrated USB-C cable that fully retracts when not in use so you won’t be scrambling to find one when a device is about to die. It’s available in white or black for $39.90 and while it comes with US style folding prongs it can be ordered with EU and UK outlet adapters.

An additional USB-C port allows the charger to power two devices, although the maximum power output drops to 60W with both ports in use.
Image: Sharge

The Retractable 65 can deliver up to a maximum of 65W of power with a single device connected, so you can use it to charge larger devices like laptops. In addition to the retractable USC-cable that’s just over 27 inches in length, the charger includes an additional USB-C port. Two devices can be charged simultaneously, but while Sharge hasn’t detailed how power is split between the two ports, the charger’s maximum output drops to 60W while both are in use.

The charger’s retracting mechanism is left visible through a transparent housing.
Image: Sharge
Advertisement

The Retractable 65 joins a growing number of chargers and portable power solutions featuring retractable cables, thanks in part to most devices now supporting USB-C so companies like Sharge don’t have to accommodate several different charging ports.

The big question with this trend is how durable are the internal mechanisms used to retract integrated cables? As someone who likes to fidget with gadgets all day (and who broke the spring-loaded memory card eject mechanism on a Sony camera while fidgeting with it) I will undoubtedly be doing the same with chargers like this.

Will it survive someone mindlessly yanking out the cable and watching it go flying back into the charger all day like a tape measure? On its website Sharge claims the mechanism can survive “10,000+ stretch cycles” without breaking, but we’ve reached out to the company for more details about the charger’s durability — including if a broken retraction mechanism is covered under warranty — and will update this story when it responds.

Source link

Advertisement
Continue Reading

Trending

Copyright © 2025 WordupNews