It’s Monday morning, and the tech and startup news is already flowing. There are two critical headlines this morning, beginning with OpenAI going to Japan with plans for an office in Tokyo and a new GPT-4 model for the Japanese language. Given that the US, the EU, and China are all racing for leadership in AI, OpenAI’s expansion into the Japanese market could expand the list of leading blocs and nations.
The second critical piece of news this morning comes from Tesla, which is cutting more than 10% of its total global staffing. The company told employees the cuts were due to role duplication, but with the company also cutting prices and seeing its growth ebb, demand concerns are being discussed as a partial driver for the cost cutting.
And there’s lots more going on: The upcoming Rubrik IPO is leaking early pricing ranges, ShareChat’s valuation is taking hits, and global smartphone sales are picking up. Hit play, and let’s have a quick chat to get your week started off right!
We'll be back Wednesday with our mid-week startup and venture highlights.
Equity is TechCrunch’s flagship podcast and posts every Monday, Wednesday and Friday. You can subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
You also can follow Equity on X and Threads, at @EquityPod.
For the full interview transcript, for those who prefer reading over listening, read on, or check out our full archive of episodes over at Simplecast.
Credits: Equity is hosted by TechCrunch's Alex Wilhelm and Mary Ann Azevedo. We are produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
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