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Gizmo raises $22 M Series A to expand AI learning platform
10+ hour, 4+ min ago (423+ words) A rapidly growing edtech startup closed a major funding round to scale its product and team. New hires and U. S. college expansion are planned. As informed by Techcrunch Since its launch in 2021, Gizmo " an AI-powered learning platform that turns students" notes…...
Snap cuts about 1, 000 jobs, cites AI for layoffs
10+ hour, 53+ min ago (258+ words) Major staff reductions will reshape Snap's operations, but the company says AI gains will boost productivity. Read how the cuts fit a push for profitability. Snap announced the layoff of about 1, 000 employees worldwide, representing roughly 16% of its workforce, according to…...
Authorities charged suspect in attack on Sam Altman's home with attempted murder and arson
2+ hour, 48+ min ago (701+ words) Investigators say the Friday assault was planned and targeted, and the suspect left a manifesto urging violence against AI leaders. The case raises questions about domestic terrorism risks. The man suspected of setting an incendiary device near the home of…...
San Francisco police arrested man after Molotov attack at Sam Altmans home
8+ hour, 3+ min ago (755+ words) A late night attack on the CEO's home prompted a police response and raised renewed security concerns for Open AI staff and leadership. In San Francisco, around 4: 00 a. m. , a 20-year-old man was arrested after an incendiary device was thrown near the…...
Linked In says hiring fell 20% since 2022 and blames interest rates not AI
6+ hour, 28+ min ago (371+ words) Blake Loit told the Semafor summit that Linked In data show hiring fell mainly due to higher interest rates. He said AI hasn't driven the decline so far. As stated by Techcrunch Blake Loit, Linked In's Chief Global Affairs and…...
Hightouch grew ARR to $100 M by automating on brand creative for marketers
9+ hour, 31+ min ago (259+ words) A seven-year startup trained AI on brand assets, enabling marketers to generate professional creative without designers. The result accelerated customer adoption and revenue growth. As stated by Techcrunch The solution proved extremely popular. Twenty months after the AI-powered product launch,…...
Accel raised $5 billion to back late stage AI companies
7+ hour, 45+ min ago (245+ words) Accel secured a major capital infusion to scale late-stage startups, signaling renewed investor appetite for AI. Details on allocation and impact remain limited. As informed by Techcrunch Accel announced the raise of $5 billion in new capital to back late-stage companies....
Adobe launches Firefly AI Assistant to automate Creative Cloud workflows
12+ hour, 15+ min ago (433+ words) A new AI assistant will integrate across Creative Cloud to automate multistep creative tasks, while letting users adjust results with sliders and prompts. Based on data from Techcrunch Following the previous announcement under the Moonlight project last October, the Firefly…...
Anthony Pompliano launches AI podcast to deliver automated stock research
10+ hour, 55+ min ago (347+ words) Pro Cap will debut Best Stocks, a podcast fully generated by AI, raising questions about reliability and the role of synthetic media in investor research. As reported by axios. com. Anthony Pompliano, founder of Pro Cap Financial, is pushing an…...
Allbirds rebrands as New Bird AI, pivots to GPU cloud services after $50 M funding
14+ hour, 22+ min ago (328+ words) Investors must approve a May 18 plan that would redirect sale proceeds toward GPU acquisitions and AI infrastructure, following a $50 million convertible investment. As stated by Techcrunch Following the sale of its footwear brand and related assets last month for $39 million,…...