OpenAI gears up for a big announcement, and Apple Store workers authorize a strike

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2 • 365 Ratings

🗓️ 13 May 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last week was a busy one for some Apple Store employees. Over the weekend, workers at Apple’s Townson, Maryland store — the first Apple retail store to have a formally recognized union — voted to authorize a strike. While the date of the strike is still being determined, the union has been negotiating with Apple since January 2023 over work-life balance, unpredictable scheduling, and wages, among other issues. But that wasn't all we discussed on today’s episode of Equity. This morning, Rebecca Szkutak also broke down what we can and can’t expect from OpenAI’s livestream event later today. On Friday, Sam Altman put a stop to rumors that the company will release a Google search competitor, but he did say OpenAI could announce a search feature within ChatGPT. To close out, Haje took the reins with another Pitch Deck Teardown. This time, we’re highlighting Cloudsmith, which secured $15 million for its cloud platform. The startup's 2021 round was the largest Series A for a company from Northern Ireland since 2005, so clearly they got a thing or two right. Listen through to the end to find out how the company pulled it off!

Transcript

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0:00.0	Hello and welcome back to Equity, Tech Runches flagship podcast about the business of
0:15.2	startups. This is our Monday show where we take a look at the weekend and get you
0:18.9	ready for the week ahead. Today is Monday, May 13th, 2004, and I'm Becca Scutak, a senior reporter here at Tech Crunch.
0:27.0	On today's show, we have a looming strike for workers at a Maryland Apple Store,
0:31.0	what to expect from Open AIIs live stream today, and a
0:34.3	pitch deck tear down for a software supply chain platform called Cloudsmith.
0:37.6	Let's get started.
0:40.6	Our first big story we're diving into today takes a look at some recent
0:45.3	employment news coming out of Apple. To start, the unionized retail workers at
0:49.6	Apple's towns in Maryland store this Saturday voted to authorize a strike. Now listeners if the towns in Maryland store this Saturday voted to authorize a strike.
0:53.4	Now listeners, if the towns in Maryland Apple store sounds familiar and you don't live near that store specifically,
0:59.8	it might be because that was the first Apple retail store with a formally recognized union,
1:04.5	which came from a vote back in June 2022.
1:07.3	Well the date of this strike for the towns in Maryland store union is TBD.
1:11.6	The union has been negotiating with Apple since last January over a list of issues including work-life balance,
1:16.9	unpredictable scheduling, and wages in a statement by the International Association of Machinists and Aerospace Workers Coalition of
1:24.4	Organized Retail Employees, also known as I am Core, quoted,
1:28.6	this vote is the first step in demonstrating our solidarity and sends a clear message to Apple.
1:33.4	The passage of the strike's sanctioned vote highlights I'm Corps's unwavering commitment to
1:37.4	advocating for the rights and well-being of workers in the face of challenges.
1:40.8	As discussions with Apple management continue, we remain committed to securing
1:44.3	tangible improvements that benefit all employees. And that is not the only employment news coming out of Apple this week.
	...

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