US AI Safety Institute could face big cuts
The National Institute of Standards and Technology could fire as many as 500 staffers, according to multiple reports — cuts that further threaten a fledgling AI safety organization. Axios reported this week that the US AI Safety Institute (AISI) and Chips for America, both part of NIST, would be “gutted” by layoffs targeting probationary employees […]
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November 2023
She Had Side Hustles Flipping Beanie Babies and Christmas Presents. Then the ‘Unconventional’ Path Led to a Multimillion-Dollar Company of Her Own.
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Layla taps into AI and creator content to build a travel recommendation app
Many companies are trying to use AI chatbots (beyond ChatGPT) in different industries — especially in the consumer sector. UK-based startup Layla is banking on this trend to build an eponymous chatbot (along with an app) that suggests new travel destinations. It can also help them when it comes to bookings. The company was started […]
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Prosus slashes Indian edtech giant Byju’s valuation to ‘sub-$3 billion’
Prosus has marked down the valuation of Byju’s, India’s most valuable startup, to below $3 billion, the investment giant’s executives said on an earnings call Wednesday even as they asserted that they remain bullish on the opportunities in the South Asian market. The Bengaluru-headquartered startup, which has raised over $5 billion in equity and debt […]
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Immensa, a MENA-based additive manufacturing and digital inventory platform, raises $20 million
The global energy spare parts market is valued at over $90 billion, with the Middle East representing about 35% of this sector. This sector remains largely untapped by existing additive manufacturing and digital inventory platforms that have spread footprints across medical, aviation, automotive and jewelry industries. Unlike these industries, which have embraced additive manufacturing and […]
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FEBE Ventures launches $75 million second fund
FEBE Ventures’ name stands for “for entrepreneurs by entrepreneurs,” and true to form, it is continuing to support seed-stage startups with the launch of its second fund. Targeting $75 million, Fund II is 2.5 times larger than FEBE’s first fund and 90% has already been committed. As part of the launch, FEBE Ventures also announced […]
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London’s iconic black cabs can soon be hailed on Uber
Uber has secured another win over the struggling taxi industry. Soon, riders in London will be able to hail an iconic black cab in the city. London cabbies can now start signing up for Uber trip referrals, but the service won’t roll out until early 2024. Uber says some drivers have already begun showing interest […]
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