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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January 2024
Parallel gets new funding for its teletherapy platform for kids with special needs
Schools in the United States are already struggling with a teacher shortage. For students with thinking and learning differences, it’s even harder to find teachers and other specialists that are equipped to work with them. Parallel Learning is solving that problem with a teletherapy platform that partners with school districts to create individualized plans for […]
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AppDirect raises $100M to expand its financing program for tech businesses
AppDirect, a San Francisco- and Montreal-based platform for buying, selling and managing tech through a network of IT advisors, has raised $100 million from CDPQ to expand its financing program for small- and medium-sized tech businesses. With CDPQ’s investment, AppDirect will bring together tech providers, advisors and buyers through its Capital Invest fund, the company […]
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Unity to lay off another 1,800 employees, representing 25% of its workforce
Just a few weeks after its most recent round of layoffs, Unity is once again reducing its workforce. This time, around 1,800 employees will lose their job in the coming weeks as the company is trying to improve its financial performance after a difficult year. Unity is the maker of a video game engine that […]
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When should you hire a CFO?
When is the right time to hire a CFO, and is a full-time CFO even necessary in this age of C-level-as-a-service?
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EU checking if Microsoft’s OpenAI investment falls under merger rules
The European Union is checking whether Microsoft’s investment in generative AI giant OpenAI is reviewable under the bloc’s merger regulations, it said today. The development comes in the wake of the turmoil at OpenAI in late November when the then board voted to oust founder and CEO Sam Altman — a shock move that triggered […]
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