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Big Tech’s layoffs have been a win for PitchBook, its chief product officer says

Nobody likes seeing headlines about Big Tech layoffs, but some smaller companies are taking advantage of access to a fresh pool of top-tier talent. Loading audio narration… Paul Jaeschke, chief product officer at PitchBook, told Business Insider that the private-market data platform was “definitely a beneficiary” of recent cuts across…

Uber and DoorDash bet on higher earners. It’s paying off big.

Black-car rides, paid memberships, and other offerings for affluent consumers are paying off for Uber, Instacart, and other gig-based services. Loading audio narration… Despite rising gas prices and consumers trimming their budgets, many people are still spending on ride-hailing and food delivery, according to companies’ latest earnings results. Uber, DoorDash,…

Why Big Tech’s 0 billion AI splurge is misleading

Big Tech’s AI spending is surging, though not necessarily because companies are building significantly more capacity. Loading audio narration… This week, industry executives pointed to the same underlying issue: sharply rising component costs, especially for memory chips, are inflating capital expenditures spent on data centers and other equipment.”We are increasing…