SVB and Signature Bank shut down, Naspers closes Foundry, Another Meta layoff, OpenAI's GPT-4

SVB and Signature Bank shut down, Naspers closes Foundry, Another Meta layoff, OpenAI's GPT-4

Techpoint Africa Podcast

SVB and Signature Bank shut down, Naspers closes Foundry, Another Meta layoff, OpenAI's GPT-4

Mar 16 2023 | 00:36:48

00:00 / 00:36:48

Hosted By

Chimgozirim Nwokoma

Oluwanifemi Kolawole

Bolu Abiodun

Show Notes

This episode is also available on YouTube - https://youtu.be/ELoHjZCj-bs

Today on the Techpoint Africa Podcast we look at some global events in the tech space that may affect the African tech ecosystem.

The stories:

Silicon Valley Bank & Signature Bank shut down
Naspers shuts down Foundry
Meta and Y Combinator layoffs
Nigeria launches $672 million fund for tech entrepreneurs
OpenAI launches GPT-4

Register for Lagos Startup Expo here - https://techpoint.africa/events/lagos-startup-expo/

Subscribe to The Workaholic - https://techpoint.africa/subject/work/

and

Fintech Today - https://techpoint.africa/subject/fintech/

and

Techpoint Digest - https://techpoint.africa/subject/techpoint-digest/

and

Intellligence by Techpoint's newsletter - https://intelligence.techpoint.africa/newsletter-signup/

Timestamps

00:00 - Intro

02:53 - Silicon Valley Bank and Signature Bank shutdown

10:27 - Meta lays off again

16:47 - Nigeria launches $672 million fund for tech entrepreneurs

20:07 - Naspers shuts down Foundry

27:03 - OpenAI launches GPT-4

Useful links

Signature Bank shuts down following Silicon Valley Bank’s closure
SVB closure: 5 answers to startup employee’s questions
Naspers shuts down its $77m investment fund, Foundry, the largest in South Africa
Meta to slash 10,000 jobs after cutting about 11,000 last year
Y Combinator lays off 20% of its workforce, to reduce late-stage investments
Nigeria launches a ₦‎309.5 billion fund
OpenAI releases GPT-4, a multimodal AI that it claims is state-of-the-art

This episode was produced by Ogheneruemu Oneyibo and Gracious Sede

Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories.

Music - Beach by MBB - https://www.youtube.com/watch?v=dEnQ8dHwDSk

Other Episodes

Episode 205

December 21, 2023 • 01:10:57

Episode Cover

This isn't goodbye

This episode is also available on YouTube - https://youtu.be/OFGzPnu-SC8 This week on the Techpoint Africa Podcast, we discuss the African tech space's top stories...

Episode 120

August 30, 2022 • 00:39:15

Episode Cover

Why are African tech startups laying off staff?

This episode is also available on YouTube - https://youtu.be/3ltkVytZfZs Today on the Techpoint Africa Podcast, we discuss layoffs by companies within and outside the...

Episode

September 06, 2019 • 00:02:09

Episode Cover

Pilot: Xenophobia Blues

This week on Techpoint Africa, MTN Nigeria share price fluctuates on the NSE, undesirable taxes on the African digital economy, Econet Media selling off...