Wednesday, January 24, 2024

A $58M round for this European Mycelium startup shows the tech is on the cusp of big things

Infinite Roots (IR), formerly Mushlabs, is a German biotech company which has been plying the furrow of Mycelium, the material coming from fungi which has been hailed as something of an answer to everything from food to building materials. In a significant move for both it and what passes for the nascent Mycelium startup sector, […]

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Self-driving vehicle company Aurora cuts 3% of its workforce

Aurora Innovation, the autonomous vehicle technology company aiming to launch a “driverless” self-driving trucks business by the end of 2024, laid off dozens of workers this week, according to sources familiar with the action. The Pittsburgh-based company, which also has facilities in California, Colorado, Texas and Montana, has since confirmed that about 3% of its […]

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Tesla says EV sales growth may be “notably lower” in 2024

Tesla’s strategy to drive sales through price cuts combined with the cost of bringing the Cybertruck into production put pressure on profits in the fourth quarter, according to earnings reported Wednesday. While the company has managed to continue to expand sales — hitting a record delivery of 1.8 million EVs in 2023, it hasn’t translated […]

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Amie brings your email inbox to its calendar app

There’s a reason why some people are die-hard Microsoft Outlook fans. It brings together your emails, your calendar events and your contacts in a single app. But… it’s Outlook. And some people can’t stand its convoluted interface. Amie, one of the most innovative apps in the new wave of calendar apps, is adding emails to […]

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MLCommons wants to create AI benchmarks for laptops, desktops and workstations

As AI increasingly moves from the cloud to on-device, how, exactly, is one supposed to know whether such and such new laptop will run a GenAI-powered app faster than rival off-the-shelf laptops — or desktops, for that matter? Knowing could mean the difference between waiting a few seconds for an image to generate versus a […]

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Feds kick off National AI Research Resource with pilot program live today

A year to the day after it was proposed, the National AI Research Resource is coming online — at least in pilot form — as a coalition of U.S. agencies and private partners start to apply billions in federal funding towards public-access tools for aspiring AI scientists and engineers. NAIRR is the Biden administration’s answer […]

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Riot Games cuts 530 jobs, shuts down publishing arm Riot Forge

Riot Games is laying off about 530 employees, which represents 11% of its workforce, the Tencent-owned company announced on Monday. The League of Legends maker is also sunsetting its five-year-old publishing group, Riot Forge. Riot Games wrote two posts about the changes, addressing the affected employees in one and its players in another. The former […]


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Tuesday, January 23, 2024

eBay plans to cut 1,000 jobs because it couldn’t grow enough

E-commerce company eBay said today that it plans to let go of 1,000 employees or around 9% of its workforce due to the ongoing economic conditions. The company said in a blog post that it also plans to cut contract roles in the coming months. The company’s CEO Jamie Iannone admitted that the company hired […]

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Kittl raises another $36 million for its browser-based design tool

Just a year after raising $11.6 million, Kittl raised another $36 million in a Series B round led by IVP with some existing investors participating once again. The Berlin-based startup has been working on a graphic design tool that you can use in your web browser without having to install an app. At this point, […]

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French small launch startup Latitude closes $30M Series B

French small launch developer Latitude has closed $30 million in new capital as it eyes the first flight of its Zephyr rocket in 2025. While other rocket companies are going bigger, developing even more massive rockets, Latitude is taking a different approach: light, small, and hopefully cheap enough to beat out competitors. Its first rocket, […]

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Aniai bringing burger cooking robot to restaurants with $12M

Aniai, a startup that has built a burger-grilling robot, Alpha Grill, said today it has raised $12 million. The round brings its total raise up to $15 million. The money will go toward launching its first manufacturing facility, Factory One, in South Korea. The firm will also be deploying a cloud-based AI software platform for […]

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Samsung’s EX1 wearable robot is designed to improve mobility in older adults

I tend to be wary when consumer electronics corporations dip their toes into the world of robotics. The category offers an attention grabbing shorthand for companies attempting to bolster their future outlook. More often than not, the systems rolled out on-stage are little more than vaporware. Samsung has mostly played it close to the belt […]

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