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To get a roundup of \u2019s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT,<\/em> subscribe here<\/em>.<\/em><\/p>\n Happy Friday! We don\u2019t know about you, but we are both ready for some R&R after ploughing through a wall of deep-cringe texts from the Musk\/Twitter trial. We hope you get some, too, this weekend.<\/p>\n This afternoon, Tesla is running its second AI day. Last year\u2019s was a hoot, and we have some predictions for what\u2019s coming down the pipe today, too. \u2014 Christine<\/a> and Haje<\/a><\/p>\n When insurtech company Metromile went public via a special purpose acquisition company (SPAC) in February last year, it was valued at over $1 billion. A year and five months later, Lemonade acquired the company for less than $145 million. And yet, things aren\u2019t as bleak as they might seem, Anna<\/a> reports.<\/p>\n This year, 40% of the world\u2019s population will play games, with total spending nearing $200 billion. The purveyors of web3 want a slice of this gargantuan market, Rita<\/a> reports. She writes that criticisms of the first generation of crypto games have been well documented, so the question for developers now is what decentralized games should look like.<\/p>\n Let\u2019s do a few more, shall we? Go on, then:<\/p>\n Image Credits:<\/strong> Warchi (opens in a new window)<\/span> \/ Getty Images<\/p>\n<\/div>\n Some services are in such demand, it can insulate their providers against the vagaries of the market. During an economic downturn, consumers don\u2019t cut back on pet food or toilet paper. Similarly, everyone needs some form of insurance.<\/p>\n Between 2016 and 2022, insurtech startups received around $43 billion in funding, and despite the downturn, most of the investors that reporter Anna Heim<\/a> recently surveyed are still positive about the sector\u2019s prospects:<\/p>\n \u201cWe are simply seeing a reality check happen,\u201d said Wechsler. \u201cUnfortunately, there are many companies that should not have raised as much as they did, or perhaps don\u2019t have sustainable business models. These companies will struggle to survive.\u201d<\/p>\n Three more from the TC+ team:<\/p>\n +<\/em> is our membership program that helps founders and startup teams get ahead of the pack.<\/em> You can sign up here<\/em>. Use code \u201cDC\u201d for a 15% discount on an annual subscription!<\/em><\/p>\n SoftBank has been doing some readjusting to company valuations lately, but the latest adjusting is happening with its own company. Kate<\/a> reports that SoftBank\u2019s Vision Fund is reportedly laying off 30% of its workforce even as it considers a third fund.<\/p>\n Here are five more for you:<\/p>\n<\/div>\nThe Top 3<\/h2>\n
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Startups and VC<\/h2>\n
8 investors weigh in on the state of insurtech in Q3 2022<\/h2>\n
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Big Tech Inc.<\/h2>\n