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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August 2024
Rocket Lab’s sunny outlook bodes well for future constellation plans
Rocket Lab surpassed $100 million in quarterly revenue for the first time, a 71% increase from the same quarter of last year. This is just one of several shiny accomplishments executives showed off to investors on Thursday — and a good omen for the space company’s medium-term ambitious plans. Executives continued to tease plans for […]
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CloudPay, a payroll services provider, lands $120M in new funding
In 1996, two companies, Patersons HR and Payroll Solutions, formed a venture called CloudPay to provide payroll and payments services to enterprise clients. CloudPay grew quietly over the next several decades, adding workflow automation features to maintain pace with upstart rivals. It’s still growing, CFO Andy Thomson assures TechCrunch. Thomson claims that CloudPay is handling […]
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Security bugs in ransomware leak sites helped save six companies from paying hefty ransoms
The vulnerabilities allowed one security researcher to peek inside the leak sites without having to log in.
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