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TechCrunch Top 3
no tip: Nvidia caught in new US sanctions imposed on China. Rita The company said it could not export two AI chips to China, its second largest market. This could cost Nvidia about $400 million in losses in the third quarter and disrupt some of its production in China.
just got paid: Google is expanding its alternative payment systems, including third parties for in-app purchases, to more countries. Ivan I am writing. This includes some of Android’s largest markets such as India and Indonesia.
more cuts: Tage wrote about Kuda, a digital bank in Nigeria. Kuda is the latest African startup to lay off some employees. He said his 5% cut in Kuda affected about 20 people as the company decided to cut extra positions and underperforming staff to cut costs.
Startups and VC
“A red-haired woman stands on the moon, hiding her face. Her naked body looks like a poster on the bedroom wall of a hormone-affected teenager.” Kyle When Amanda Write a story with more twists and turns than a pass. AI is getting better at generating porn. They think we may not be ready for the consequences.
The rest of our top story not only has less nudity, it also has less arm growth where it shouldn’t be.
Stop Sensationalizing VC “Crash”: Look at the Data
Image credit: Perigerendi (opens in new window) / Getty Images
This is a terrible time for founders looking to raise capital. It’s taking much longer than it used to, and valuations are much lower than they were just a few months ago.
But for investors, things are calming down, says WIND Ventures’ Brian Walsh.
“The reality is that 2021 will see an unprecedented hype cycle, and what we’ve seen objectively since the beginning of 2022 is a ‘return to the mean’ in line with long-term trends.”
(TechCrunch+ is our membership program that helps founders and startup teams succeed. You can sign up here.)
Big Tech Co., Ltd.
To start your weekend off right, Zach has a 411 regarding a data breach at Samsung. This is apparently the second such incident this year. The company told his Zack that the breach occurred in late July, he said, and that customer data he had in early August, but it didn’t know how many customers were affected and why. It did not specify whether it was notified.