Last Thursday, in a staged home on the Upper West Side of Manhattan, I sat on a couch that was a bit too low and a tad too deep in front of a small, beige-colored smart speaker sitting on the middle of a trio of arched midcentury storage cabinets. On either side of the smart […]

Reuters:
Coinbase CEO Brian Armstrong announces the company is cutting ~700 jobs, or ~14% of its global workforce, to reduce costs, saying “AI is changing how we work”  —  Coinbase (COIN.O) said on Tuesday it will cut about 700 jobs, or about 14% of its global workforce …

Ignacio Gonzalez / Bloomberg:
Shopify reports Q1 revenue up 34% YoY to $3.17B, above $3.12B est., GMV up 35% YoY to $100.74B, and forecasts slower Q2 revenue growth; SHOP drops 10%+  —  Shopify Inc. shares slumped as the company's outlook suggests its revenue growth pace may be slowing, while higher costs may dampen second-quarter profitability.

Let’s face it: Another baby boom isn’t coming anytime soon. The latest round of US birth data, released earlier this month by the Centers for Disease Control and Prevention, show the general fertility rate has dropped to a new record low of 53.1 per 1,000 females between 15 and 44 — a 23 percent decrease […]

Marissa Newman / Bloomberg:
Zyg, an AI startup by ironSource's founders to automate business functions, raised $60M led by Accel at a $500M valuation, two months after exiting stealth  —  Zyg, an artificial intelligence platform created by the founders of IronSource, raised funding at a $500 million valuation just two months after coming out of stealth.