🎙️ The Drive at Five - TIER, Getir, AI oh my! and updates on the Tech.eu Summit

·30 min·2 clips

Chegg stock halved, IBM halts hiring, and a Google memo admits AI giants have 'no moat' against open source.

The episode opens with hosts Dan Taylor and Robin Wauters welcoming guest Nick Stevens, an AI expert, to discuss a packed news week. Robin starts with Tier Mobility, the Berlin-based e-scooter giant valued at $2 billion in 2021, now working with bankers to explore a sale or merger amid a tough funding environment. Fiona then shifts to the upcoming Tech.eu Summit, detailing conversations with speakers like Caroline Furberger, a trans woman and former CEO who shares insights on the gender gap, and Savina Buson of the European Edtech Alliance on education's skills gap. She mentions the University of Limerick's immersive software engineering program, backed by Bobby Healy of Manna Drone. Nick takes over to analyze AI developments: Chegg's stock dropped 50% due to ChatGPT competition, Shopify laid off 20% of staff to focus on AI, IBM will stop hiring for 7,800 roles, and Google's Jeffrey Hinton quit over AI risks. A leaked Google memo suggests open-source AI is outpacing giants. Dan returns to acquisition news, reporting Getir's talks to buy German competitor Flink, which could create a European monopoly in speedy grocery delivery, though he questions the sector's economics. He then covers Lilium, an electric vertical takeoff and landing jet maker, which needs $250 million to avoid collapse and faces Nasdaq delisting as shares trade at 66 cents. Robin closes by promoting the Tech.eu Summit agenda, emphasizing diversity among 90 speakers and topics like AI ethics, edtech, and venture markets. The episode wraps with light banter about an after-party.

As heard by us

A conversational look at AI pressure, company pivots, and the week's tech headlines.

Tech.eu's Drive at Five keeps its attention on how AI is pressuring the tech business, with Dan Taylor and Robin Vauters joined by Nick Stevens for a quick pass through Chegg, Shopify, and IBM.

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Why you'd press play

AI churn, layoffs, and a very busy Tech.eu soundboard.

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