The owner of Snapchat is cutting approximately 10% of its worldwide workforce, or about 530 employees, the latest tech company to announce layoffs. Snap Inc. said in a regulatory filing that it currently estimates $55 million to $75 million in charges, mostly for severance and related costs. It expects the majority of the costs to … Read more
As widespread layoffs continue to sweep the tech industry, many workers are looking beyond Silicon Valley for their next step. In 2022, Nancy Correa’s life took an unexpected turn when suddenly, like so many others, she was out of a job. “I was part of the first round of the layoffs this tech company did, … Read more
In a shot across the bow to the digital payments industry, the U.S. Consumer Financial Protection Bureau (the Bureau) has issued a proposed rule to expand its oversight authority to nonbank providers of consumer payment apps. These apps include digital wallets, funds transfer services, and P2P apps—for both U.S. dollar payments and, surprisingly, also bitcoin … Read more
In early September New Yorkers may have noticed an unwelcome guest hovering around their parties. In the lead-up to Labour Day weekend the New York Police Department (NYPD) said that it would use drones to look into complaints about festivities, including back-yard gatherings. Snooping police drones are an increasingly common sight in America. According to … Read more
Microchips are hot. Literally. As engineers cram more functions and power into chips, they require more energy and, thus, produce more heat than ever before. Microchips are hot. Literally. As engineers cram more functions and power into chips, they require more energy and, thus, produce more heat than ever before. To beat that heat, which … Read more
ChatGPT maker OpenAI is expected to announce product enhancements that will make its AI models cheaper, with more functionality, in its first-ever developer conference on Monday. The conference signals OpenAI’s ambition to expand beyond a consumer sensation to becoming a provider of a hit developer platform, and CEO Sam Altman has teased attendees with the … Read more
Google has committed to invest $2 billion in the artificial intelligence company Anthropic, solidifying its relationship with the startup darling and stoking the Silicon Valley frenzy for AI. The deal is structured as a convertible note, a type of debt that will convert to equity at the startup’s next funding round, an Anthropic spokesperson confirmed. … Read more
Topline X, formerly known as Twitter, is removing article headlines for links shared to the platform, which will now just display a thumbnail image accompanied by a website link—one of several changes to the app this year that arrives just days after Musk touted X as an alternative to popular news outlets. platform since acquiring … Read more
The artificial intelligence revolution is fully underway, but soaring demand for its most crucial component has startups scratching their heads on how they can deliver on AI’s promise. Generative AI’s lifeblood is a book-sized semiconductor known as the graphics processing unit (GPU) — built by one company, Nvidia. Nvidia’s CEO and founder Jensen Huang made … Read more
OpenAI chief executive officer Sam Altman said: “It will be unthinkable not to have intelligence integrated into every product and service. “It will just be an expected, obvious thing.” AI has helped to quickly change the narrative around a tech industry that appeared to be struggling and was making headlines for mass layoffs at the … Read more