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{"id":34075,"date":"2023-06-03T21:33:18","date_gmt":"2023-06-03T21:33:18","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/06\/03\/gig-workers-get-paid-fidelity-slashes-reddits-valuation-and-ai-conquers-minecraft\/"},"modified":"2023-06-03T21:33:21","modified_gmt":"2023-06-03T21:33:21","slug":"gig-workers-get-paid-fidelity-slashes-reddits-valuation-and-ai-conquers-minecraft","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/06\/03\/gig-workers-get-paid-fidelity-slashes-reddits-valuation-and-ai-conquers-minecraft\/","title":{"rendered":"Gig workers get paid, Fidelity slashes Reddit\u2019s valuation and AI conquers Minecraft"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/03\/gig-workers-get-paid-fidelity-slashes-reddits-valuation-and-ai-conquers-minecraft\/<\/a><\/br>
\nGig workers get paid, Fidelity slashes Reddit\u2019s valuation and AI conquers Minecraft<\/br>
\n2023-06-03 21:33:18<\/br><\/p>\n

\n

Hey, folks, welcome to Week in Review (WiR), TechCrunch\u2019s regular newsletter that recaps the week in tech. Hope the summer\u2019s treating y\u2019all well \u2014 it\u2019s a balmy 90 degrees here in NYC! \u2014 and that some much-needed R&R is on the agenda.<\/p>\n

Speaking of \u201cagenda,\u201d mark your calendars for Disrupt<\/a>, TC\u2019s annual conference, kicking off in September. Whether you\u2019re a startup rookie learning the ropes or a founder hell-bent on changing the world, Disrupt will deliver the tools, knowledge and connections to help you make it happen. You don\u2019t want to miss it.<\/p>\n

Elsewhere, stay tuned for City Spotlight<\/a> on June 7 (Wednesday), which will highlight Atlanta, Georgia, this go-round. Atlanta has emerged as one of the buzziest new hubs in the nation, with booming cybersecurity and software-as-a-service sectors as well as a slew of investors looking to back the hot new startups coming from the metro. Among the speakers at City Spotlight will be mayor Andre Dickens \u2014 we\u2019re looking forward to hearing his perspective.<\/p>\n

Now with the PSAs out of the way, here\u2019s your WiR!<\/p>\n

most read<\/h2>\n

Fidelity sours on Reddit:<\/strong><\/a> This week, Fidelity, the lead investor in Reddit\u2019s most recent funding round<\/a> in 2021, slashed the estimated worth of its equity stake in the social media platform by 41% since the investment. The devaluation, part of a broader trend that has hit a variety of growth-stage startups across the globe in the past year, raises uncertainties about whether Reddit will maintain its initial intent to reportedly go public at a valuation around $15 billion.<\/p>\n

Amazon Prime Data:<\/a> <\/strong>Amazon is considering offering low-cost or possibly free nationwide mobile phone service to Prime subscribers in the United States, according to a new report from\u00a0Bloomberg<\/a>. The tech giant is reportedly in talks with Verizon, T-Mobile, Dish Network and AT&T.<\/p>\n

Gig workers get paid:<\/strong><\/a> Uber, Lyft, DoorDash and other app-based ride-hail and delivery companies will have to reimburse California gig workers potentially millions of dollars for unpaid vehicle expenses between 2022 and 2023. The back payments come from a provision in\u00a0Proposition 22<\/a>, the controversial law that classifies gig workers as independent contractors rather than employees and promises them half-hearted protections and benefits.<\/p>\n

Volkswagen\u2019s ace in the hole:<\/a> <\/strong>Volkswagen is betting big on the upcoming ID.Buzz electric van. With availability of the vehicle still a year out, the automaker is counting on years of pent-up anticipation to not only sell the bus shrouded in nostalgia, but to also have it act as a halo product to bring customers to the brand\u2019s entire EV lineup.<\/p>\n

Shopify launches Shop Cash: <\/strong><\/a>Shopify\u2019s Shop app is introducing a new rewards program called Shop Cash, the e-commerce platform announced on Friday. The new program is funded by Shopify and earns shoppers 1% back on purchases made using its Shop Pay online checkout service.<\/p>\n

Stripe gets into credit: <\/strong><\/a>Stripe wants to make it easier for businesses to access credit. The private financial infrastructure giant announced a new charge card program today from\u00a0Stripe Issuing<\/a>, its commercial card issuing product. Denise Ho, head of product at Stripe, gave TechCrunch the exclusive details \u2014 go read the piece by Mary Ann<\/a>.<\/p>\n

AI conquers Minecraft:<\/strong><\/a> AI researchers have built a Minecraft bot that can explore and expand its capabilities in the game\u2019s open world \u2014 but unlike other bots, this one basically wrote its own code through trial and error and\u00a0lots<\/em> of GPT-4<\/a> queries. Called Voyager, this experimental system is an example of an \u201cembodied agent,\u201d an AI that can move and act freely and purposefully in a simulated or real environment.<\/p>\n

YouTube Shorts, in minutes:<\/a> <\/strong>Dumme<\/a>, a startup putting AI to practical use in video editing, is already generating demand before opening to the public. The Y Combinator\u2013backed company has hundreds of video creators testing its product, which leverages AI to create short-form videos from YouTube content, and it has a waitlist<\/a> of over 20,000 pre-launch, it says.<\/p>\n

audio<\/h2>\n

Need a new podcast to get your weekend started right? Good news \u2014 TC has you covered (and then some). On Equity<\/a>, the crew took a look at the latest from Web Roulette, Stripe\u2019s acquisition of Okay, what Klarna\u2019s Q1 means for the fintech market and QED and a16z\u2019s early-stage strategies. Found<\/a> spoke with Dr. Stacy Blain, the co-founder and chief science officer at Concarlo Therapeutics, about the company\u2019s novel therapeutic solutions for drug-resistant cancer. Over at Chain Reaction<\/a>, Gary Vaynerchuk, the chairman of VaynerX and the CEO of VaynerMedia and NFT collection VeeFriends, spoke on his experiences in the creative media industry. And the TechCrunch Live<\/a> folks dove into how AI doomerism is overblown \u2014 and why the blowhards doing the blowing want it that way.<\/p>\n

TechCrunch+<\/h2>\n

TC+ subscribers get access to in-depth commentary, analysis and surveys \u2014 which you know if you\u2019re already a subscriber. If you\u2019re not,\u00a0consider signing up<\/a>. Here are a few highlights from this week:<\/em><\/p>\n

Competition concerns in the age of AI:<\/a> <\/strong>AI is rapidly changing how businesses sense, reason and adapt in the market. But these groundbreaking capabilities are creating an upheaval in how companies engage with competitors and consumers. Henry Hauser<\/a>\u00a0is counsel in\u00a0Perkins Coie<\/a>\u2019s antitrust and litigation practice groups. He muses on this in an informative piece.<\/p>\n

Salesforce becomes a data company:<\/strong><\/a> Could the data exhaust being generated by the Salesforce family of products become more valuable than the products themselves \u2014 at least in terms of new revenue adds? This piece explores the possibility.<\/p>\n

Why don\u2019t more scientists become founders?:<\/strong><\/a> Why is it so common to see outsiders bringing research out of the lab and not the scientists themselves? It\u2019s a complex issue to unravel, but Rebecca does it deftly.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/06\/03\/gig-workers-get-paid-fidelity-slashes-reddits-valuation-and-ai-conquers-minecraft\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/03\/gig-workers-get-paid-fidelity-slashes-reddits-valuation-and-ai-conquers-minecraft\/ Gig workers get paid, Fidelity slashes Reddit\u2019s valuation and AI conquers Minecraft 2023-06-03 21:33:18 Hey, folks, welcome to Week in Review (WiR), TechCrunch\u2019s regular newsletter that recaps the week in tech. Hope the summer\u2019s treating y\u2019all well \u2014 it\u2019s a balmy 90 degrees here in NYC! \u2014 and that some much-needed R&R is on […]<\/p>\n","protected":false},"author":1,"featured_media":34076,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-34075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nGig workers get paid, Fidelity slashes Reddit\u2019s valuation and AI conquers Minecraft - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/06\/03\/gig-workers-get-paid-fidelity-slashes-reddits-valuation-and-ai-conquers-minecraft\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gig workers get paid, Fidelity slashes Reddit\u2019s valuation and AI conquers Minecraft - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/06\/03\/gig-workers-get-paid-fidelity-slashes-reddits-valuation-and-ai-conquers-minecraft\/ Gig workers get paid, Fidelity slashes Reddit\u2019s valuation and AI conquers Minecraft 2023-06-03 21:33:18 Hey, folks, welcome to Week in Review (WiR), TechCrunch\u2019s regular newsletter that recaps the week in tech. 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