We're in the pruning phase of tech layoffs

Here's the rundown from Mary Ann and Alex:

• A new Chinese AI model had us wondering who is really going to win the AI war and whether governments will play a role — perhaps not the role that they are expecting.
• A founder that Founders Fund funded is now funding other founders at Founders Fund: Yep.
• Sticking to the venture theme, is it possible for AI models in venture to actually create a less biased landscape for entrepreneurs? Connetic Ventures thinks so!
• Two bits of good news: Tech layoffs have dramatically slowed, and slowing inflation could herald the end of interest rate hikes, which could bolster tech valuations. Or at least cut some of the pressure.
• Finally, as Twitter does what it usually does when a rival service takes off, we asked ourselves how other social media services are doing. We are more familiar with some than others.

As always, Equity will be back for you bright and early Monday morning. Talk soon!

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Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

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