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

TechCrunchTechCrunch · 1y ago
Google releases new open LLMs, Rivian lays off staff and Signal rolls out usernames
Medial

Google has released two new open large language models (LLMs), Gemma 2B and Gemma 7B, as part of its push for generative AI dominance. MariaDB, the database company, could potentially go private in a $37 million deal. Change Healthcare, a major US healthcare tech company, suffered a cyberattack on its systems. Rivian is laying off 10% of its salaried workforce to cut costs in a challenging electric vehicle market. Indian e-commerce giant Flipkart is considering acquiring Dunzo, a hyperlocal delivery startup. Signal users can now keep their phone numbers private with the introduction of usernames. YouTube dominates TV streaming in the US, according to a report by Nielsen. French-based Planity has raised $48 million to expand its hair salon software service. Dutch startup Monumental has secured $25 million to develop its robotic carts and arms for bricklaying.

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Gameskraft lays off 120 employees

EntrackrEntrackr · 19d ago
Gameskraft lays off 120 employees
Medial

Gameskraft, one of India’s largest real-money gaming companies, has laid off about 120 employees across teams as part of a restructuring exercise triggered by the government’s blanket ban on online money games. The layoffs come at a turbulent time for the firm, which is also reeling from a fraud scandal involving former CFO Ramesh Prabhu, who allegedly siphoned off Rs 270 crore over nearly five years. An FIR has been filed against him following the company’s complaint at Bengaluru’s Marathahalli police station. Affected employees will receive severance pay, leave encashment, and extended group health insurance until March 2026, with an option to convert policies to individual plans. Founder Prithvi Singh said the decision was forced by “external realities” and not employee performance, adding that Gameskraft would support outgoing staff during their transition. Founded in 2017, Gameskraft had been one of the fastest-growing real-money gaming firms, operating platforms like Rummyculture and Pocket52, both of which have now been shut following the new law. According to TheKredible, the company’s FY25 net profit dropped 25% to Rs 706 crore because of the 28% GST, increased taxes, and one-time accounting changes. However, the company’s revenue rose 12% to Rs 3,896 crore from Rs 3,475 crore in FY24. Gameskraft joins other gaming firms downsizing after the ban. A23 Rummy (Head Digital Works) cut 500 jobs, Zupee axed 170, MPL is shrinking up to 60% of staff, and Baazi Games has reduced headcount by 200. Games24x7 is reportedly laying off 70% of its workforce.

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