IBM anticipates replacing ~7.8K jobs with AI, Uber earnings, Microsoft to offer ChatGPT on private cloud

IBM will pause hiring for back-office roles, such as HR, as it anticipates that AI will replace 30% of its ~26K back-office employees (~7.8K) over the next five years - Link

Uber Q1 earnings: revenue: $8.8B (+29% y/y), net loss: -$157M, FCF: $549M, mobility revenue grew ~72% y/y to $4.3B; shares were up as much as 8% on Tuesday due to beating on revenue - Link

Later this quarter, Microsoft's cloud unit plans to start selling access to ChatGPT on a private server for ~10x the current price (~$200/month); the software is currently being tested by a handful of users, mostly in the financial services industry - Link

Bloomberg sources: Samsung has banned generative AI tools like ChatGPT and Bard after discovering some staff members were uploading sensitive code - Link

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Sunny and Vinny are back to break down ChatGPT's latest innovation: the Code Interpreter. They demonstrate its capabilities with two separate datasets on EVs in Washington State and US Bank Failures (10:58) before discussing how platforms like ChatGPT will revolutionize organizational efficiency (31:19). - Link

BeReal rolled out RealPeople, a new curated timeline of "the world's most interesting people," including athletes, artists, and other notable users; the company has refuted claims that its user engagement has dropped significantly in recent months - Link

Coinbase launched Coinbase International Exchange, which will allow global users to trade perpetual futures out of Bermuda; the rollout comes during a battle between the crypto exchange and the SEC - Link

Bolt founder Ryan Breslow launched his new health e-commerce startup Love after raising $15M from investors; Love.com is launching with 40 brands representing 600+ products available in gummy, pill, and liquid forms - Link

This Week in Startups

E1732: Demoing the most innovative new ChatGPT features with Sunny Madra and Vinny Lingham

E1731: Big Tech earnings breakdown w/TechCrunch's Alex Wilhelm

E1730: Billy McFarland on Fyre Fest fraud, failure, hacking, & the long road back

E1729: AI’s Future: Opportunity, Regulation & Limits with Vinny Lingham & Sunny Madra

E1728: Spotify earnings, Grimes takes AI-based music approach + Cafe X CEO Henry Hu

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