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Chips for the dip: South Korean AI chip maker Rebellions just collected a $50 million investment from Pavillion Capital, Kate reports.Bosch cleans up: Famous for hand tools and washing machines, and less famous for (but extremely well known within the industry) for automotive components, the 135-year-old company Bosch just announced it has a $295 million corporate venture capital fund to invest in climate, IoT, and autonomous vehicles, Harri reports.You pivot me right round, baby, right round, like a startup, baby, right round: Matt hosted one of our favorite sessions of TechCrunch’s City Spotlight this week, exploring how the 10-year-old startup Olive ended up pivoting 27 (!) times before accelerating the company into a $4 billion valuation.Bad contractor, no customer data for you: Kyle reports that Reco, a company using AI to map a company’s data sharing, today announced that it raised $30 million.I’m not saying that’s the case for Blackbaud’s self-proclaimed ‘social good’ cloud provider business, but it’s definitely a little whiffy to have had the National Rifle Association as a customer since 1997, as Devin reports.Ī propos calling bovine excrement when we see it the A team ( Amanda and Anita, obvz, that other A-team has a lot less finger-on-the-pulse cred) argue that perhaps we should just cool it with the ‘girlboss’ moniker. Sometimes, you come across companies that speak with a forked tongue. However, as he found out while listening to Salesforce’s first-quarter performance call, CEO Marc Benioff revealed his company did not see the downed quarter as some other companies did. “Inflation and layoffs and supply chain problems, oh my!”: That was Ron’s evaluation of what is going on out there.But it seems the faster the delivery times got, or the promise of it, the more certain companies failed to, well, deliver. The delivery kids aren’t all right: Delivery startups, once the “darlings” of venture capital investment as Kyle put it, found their stride when none of us could go places over the past 2 years.Not only did the news do a number on Tesla shares, but it also gave President Joe Biden some fodder for his jobs report. So perhaps it is not a surprise that after telling Tesla employees to get thee into the office, it has now come out that Elon Musk told executives to freeze hiring for salaried workers. Brrrr, it’s cold in here - there must be some hiring freezes in the atmosphere: It’s been quite the week for layoffs and hiring freezes, as you will see farther down in our fair newsletter.Happy weekend and catch you on the flip side! - Haje and Christine The TechCrunch Top 3 Can you tell we’ve been reading some hippie literature recently? Those folks do seem pretty peaceful - maybe they’re onto something. Whatever is happening in your world, we hope that you are experiencing peace and that you know the source of peace. Or, as this cursed pandemic is still doing its thing, perhaps it’s March 824, 2020, who knows.
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