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A look at how proptech startup Knotel went from a $1.6B valuation to filing for bankruptcy

TechCrunch

In August, Knotel announced the completion of a $400 million financing, led by Wafra, an investment arm of the Sovereign Wealth Fund of Kuwait. With the cuts, about 200 employees remained with the other 200 having either lost their jobs or on unpaid leave, according to Forbes. . By the third week of March, it had a headcount of 400.

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Faraday Future founder’s bankruptcy spiked a potential deal in the Middle East

The Verge

Saudi Arabia’s Public Investment Fund already owns a majority stake in fellow EV startup Lucid Motors, and the UAE and Kuwait have even bigger sovereign funds. The lawyer for Jia who spoke during the hearing did not specify which Middle Eastern sovereign wealth fund was interested, and a spokesperson for Faraday Future declined to comment.

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ChatGPT: Everything you need to know about the AI-powered chatbot

TechCrunch

Should we automate away all the jobs, including the fulfilling ones? May 25, 2023 ChatGPT app is now available in 11 more countries OpenAI announced in a tweet that the ChatGPT mobile app is now available on iOS in the U.S., Europe, South Korea and New Zealand, and soon more will be able to download the app from the app store.

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Platforms successfully stopped a lame COVID conspiracy video from going viral

The Verge

The more aggressive apps introduced in South Korea and Kuwait may have been more effective, but they also introduced privacy concerns. Privacy-friendly, voluntary COVID-19 tracking apps have not had a demonstrable impact on the pandemic, researchers and public health officials say. Sebastian Herrera / The Wall Street Journal ). And finally.

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