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Hello and welcome to your Thursday — aka the day the TikTok CEO stepped before Congress. Our team has been working hard all day to keep up with everything that’s going on there and you can read the fruits of their labor in the Big Tech section. Now on with the news! — Christine And hey
The Centre County Report Top 3
- More layoffs: The layoffs affecting the tech industry are now reaching the companies that serve them. Accenture announced today that it will cut 19,000 jobs. Manic reports. That’s about 2.5% of the global workforce, but it’s still a revealing figure.
- Do Kwon in custody: It looks like law enforcement has caught up with Terra creator Do Kwon, who was reportedly arrested at Montenegro airport. Jaquelyn writes. You may recall that Kwon was investigated in South Korea after the Terra/LUNA collapse that wiped out about $40 billion from the cryptocurrency market. Although he claimed to be cooperating with law enforcement, Kwon’s whereabouts were unknown as of September.
- An excuse not to go to the mall: DoorDash users can now order from Lush Cosmetics, Victoria’s Secret and Party City. The delivery giant also added some new shopping features, such as B. search optimization. aisha has more.
Startups and VCs
At first glance, Boston Dynamics is an odd fit for a show like ProMat, brian writes. For decades, the company has presented the world with a striking image – a company known for robotic highlight reels, from the snow-traversing Big Dog to the parkour-performing Atlas. But a new approach has shown that it faces one of its biggest challenges yet: to put his robots to work in the form of commercialization.
Lun, a climate technology startup from Denmark, has made it its mission Helping heat pump installers to decarbonize homes and fast, Natasha L Reports ranging from heating systems to replacing boilers with electric heat pumps.
Robots, heat pumps and five more tech news, oh my god:
4 Indian investors explain how their investment strategy has changed since 2021
For our latest poll, Centre County Report reporter Jagmeet Singh asked four Indian investors how their jobs have changed since the global tech downturn began.
Venture capital funding in the region was “drying up in the second half of 2022,” so he asked about their current pace of doing business, what investment trends they’re seeing and how founders can reach them:
- GV Ravishankar, Managing Director, Sequoia India
- Ashutosh Sharma, Head of Indian Investments, Prosus Ventures
- Vaibhav Domkundwar, CEO and Founder of Better Capital
- Roopan Aulakh, Managing Director, Pi Ventures
Aaand of course there are three more from the TC+ team today:
Centre County Report+ is our membership program that helps founders and start-up teams stay ahead of the competition. Here you can sign up. Use code “DC” for 15% off an annual subscription!
Big Tech Inc.
The big news for today was obviously TikTok, and our colleagues have covered everything from the congressional hearing to who benefits if a US ban happens. Find out about all the innovations here.
And now here are six non-TikTok stories for you: