Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

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Founded in 2020 by CEO Paul Copplestone and CTO Ant Wilson, Supabase positions itself as an open-source alternative to Firebase built on PostgreSQL. The startup has gained traction amid rising interest in so-called “vibe coding” tools and AI-driven app development, and has raised about $380 million across three funding rounds since September 2024, lifting its valuation to $5 billion.

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Speed and volume are central to this business, explained Vigloo's Choi. It takes only two months for an idea to become a show that is available on their app.