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Supported By
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Good morning!
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Today, we begin with Chief Twit Elon Musk. After months of trimming Twitter's workforce, Elon Musk announced on Twitter Spaces that the company is now heading towards becoming cash-flow positive. Meanwhile, Co-Creation Hub has set up shop in Namibia.
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Below are the tech stories and news you need to know to start your day, carefully curated by Technext.
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Summary of the news
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- HBO Max and Discovery Plus are merging to create a combined streaming service called “Max”
- Elon Musk says that Twitter is close to becoming cash-flow positive after making sharp layoffs
- Co-Creation Hub has set up operations in Namibia
- Jumia has announced Charles Ballard as its new CEO in Kenya
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Ecosystem
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- OurPass, a former e-commerce one-click checkout company, has pivoted to providing banking services to businesses. “As we studied the market, we recognised that beyond offering a niche service, OurPass could provide end-to-end solutions for businesses,” CEO, Samuel Eze said. (TechCabal)
- Co-Creation Hub has set up operations in Namibia. "Welcoming CcHUB Namibia, our latest footprint on the continent," the company tweeted. (Twitter)
- Jumia has announced Charles Ballard as its new CEO in Kenya. (TechWeez)
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Social Tech
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- OpenAI has announced that it will pay users up to $20,000 for identifying and reporting bugs found in its artificial intelligence products, including ChatGPT. (Technext)
- NPR said that it would suspend all Twitter use, a little over a week after the social network designated the broadcaster “Government-funded Media.” The non-profit American media said that only a tiny chunk of its funding comes from the publicly-funded Corporation for Public Broadcasting. (New York Times)
- HBO Max and Discovery Plus are merging to create a combined streaming service called “Max,” to launch on May 23rd and cost up to $19.99 per month with two cheaper tiers priced at $15.99 and $9.99. (TheVerge)
- Elon Musk says that Twitter is close to becoming cash-flow positive after making sharp layoffs. “I’d say we’re roughly breakeven at this point,” the CEO said. (CNBC)
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Global News
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- A new report found that Meta employees are suffering from a death of morale due to the long-winded nights of layoffs. “So many employees feel like they’re in limbo right now. They’re saying it’s ‘Hunger Games’ meets ‘Lord of the Flies,’ where everyone is trying to prove their worth to management,” Erin Sumner, who was laid off from Facebook in November, said. (New York Times)
- The state of Montana in the US is set to vote to ban TikTik this week, even as federal lawmakers are still debating how to handle the social media company. (New York Times)
- Amazon warehouses are a more dangerous place to work than comparable facilities, new federal injury data in America shows. In 2022, there were 6.6 serious injuries for every 100 Amazon workers. (CNBC)
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Latest in funding
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Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing security.
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Other stories we are following
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