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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Instafest, the app which went viral last year before Spotify Wrapped was officially unveiled, now lets you create a music festival poster based on artists that you have in a particular playlist. The app’s developer, Anshay Saboo, has added more themes and customization options as well. Users can create a music festival poster through a […]
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This year will be remembered for a lot of things. Among them could be the growing number of stars in the startup world who were later convicted for defrauding investors. Roughly six months after Theranos founder Elizabeth Holmes headed to jail for four counts of wire fraud, and just two weeks after Sam Bankman-Fried was […]
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India’s central bank has enforced several measures to cool down high growth in consumer credit in a move that will impact consumer spending and many startups in the South Asian market, industry executives said. The Reserve Bank of India raised risk weights on unsecured personal loans, credit card, consumer durable loans by banks and non-banking financial companies […]
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BrightDrop, the commercial EV subsidiary of General Motors that launched in 2021, is being swallowed up by its parent company. GM said Thursday that BrightDrop — a “startup” that spun out of the automaker’s Global Innovation organization to become a wholly owned subsidiary — will become part of GM. BrightDrop CEO Travis Katz, who was […]
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Microsoft’s Ignite 2023 event came with a lot of updates, and AI product reveals and expansions were front and center as the company laid out its updated vision for IT professionals. As our own Devin Coldewey wrote in October, Microsoft CEO Satya Nadella has made it clear that the company is all-in on AI, and […]
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The founders of IRL, Abraham Shafi and Genrikh Khachatryan, are suing their investors, claiming that they intentionally sabotaged the company. At its peak, IRL was poised to become an event organizing alternative for Gen Z, who are using Facebook less and less. Shafi, the CEO, was suspended from IRL in April to investigate claims of […]
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