Google releases new open LLMs, Rivian lays off staff and Signal rolls out usernamesWelcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter covering noteworthy happenings in the tech industry.
This week, Google launched two new open large language models, Gemma 2B and Gemma 7B, in its continued bid for generative AI dominance.
The company, which describes the LLMs as “inspired by Gemini,” its flagship family of GenAI models, made each available for commercial and research usage.
Change Healthcare hit: Change Healthcare, one of the largest healthcare tech companies in the U.S., confirmed that a cyberattack on its systems occurred recently.
YouTube triumphant: YouTube dominates TV streaming in the U.S., per Nielsen’s latest report.
This is the third round of layoffs for the EV company since July 2022 when Rivian cut 6% of its workforce.
On a full-year basis, Rivian reported revenue of $4.4 billion, up from $1.66 billion in 2022.
It brought in about $39 million in the fourth quarter and $73 million for the full year from the sale of regulatory credits.
On an adjusted basis, it reported a loss of $1.1 billion compared to a $1.5 billion loss in the same year-ago period.
“We took significant steps towards driving greater efficiency in 2023 gross profit per vehicle improved by approximately $81,000 when comparing the fourth quarter of 2023 to the fourth quarter 2022,” Scaringe said on an earnings call Wednesday.
The restriction of electric vehicles to certain manufacturers may limit consumer choice, as some popular brands could go out of business if they are not able to produce or sell…
Ford Motor Company’s stake in Rivian, the electric vehicle maker, has been dropping steadily since May 2022. Ford’s stake in Rivian is now at 1.15% or 10.5 million shares, which…
The layoffs come as Rivian works to turnaround its struggling business, six months after announcing a drastic reorganization in an effort to turn around its operation. Rivian’s layoffs bring the…
