Intel is set to cut over 21,000 people, or roughly 20% of its workforce, with an announcement due this week, according to a Bloomberg report. The news comes ahead of Intel’s Q1 earnings call helmed by recently appointed CEO Lip-Bu Tan, who replaced longtime chief Pat Gelsinger last year. With the layoffs, Tan aims to...
Author: WpAdminXfinity
Tech resilience, breakout startups, and banking reinvented: The big conversations at StrictlyVC London in May
StrictlyVC is heading to London on May 13, uniting top investors and entrepreneurs to spark meaningful connections and drive forward innovation. We’re thrilled to welcome industry leaders like Nazo Moosa, general partner at Paladin Capital Group; Sonali De Rycker, partner at Accel; and TS Anil, CEO of Monzo Bank, to the stage. Paladin is proud...
Meta’s Oversight Board seeks details on the company’s new hate speech policies
Meta’s Oversight Board, the independent group created to help Meta with content moderation decisions, on Tuesday issued its response to the social media company’s new hate speech policies announced in January. The Board says that Meta’s new policies were “announced hastily, in a departure from regular procedure,” and called on the company to provide more...
StrictlyVC heads to Athens for in-depth conversations on European innovation and investment
StrictlyVC is turning up the heat in 2025 — and we’re going international! First stop: Athens, May 8. Get ready for sharp, unfiltered conversations onstage — and your chance to jump into the dialogue. This isn’t just an event; it’s a forum where every attendee has a voice with some of Europe’s most influential tech...
Noxtua raises $92M for its sovereign AI tuned for the German legal system
Back in 2020, Xayn was a privacy-based, on-device AI startup designed specifically for smartphones. But that early experience eventually saw the company pivot into developing sovereign AI for the legal sphere. Now Xayn has rebranded as Noxtua and raised a $92.2 million (roughly €81.2 million) Series B round. The round was led by strategic investor...
Flipkart to relocate HQ to India ahead of IPO
Flipkart, the Walmart-owned Indian e-commerce startup that closely fights Amazon in the South Asian market, is preparing to shift its headquarters back to India from Singapore as the company prepares to file for an IPO on Indian stock exchanges. On Monday, Flipkart said the move “represents a natural evolution, aligning our holding structure with our...
Rivian elects Cohere’s CEO to its board in latest signal the EV maker is bullish on AI
Aidan Gomez, the co-founder and CEO of generative AI startup Cohere, has joined the board of EV maker Rivian, according to a regulatory filing. The appointment is the latest sign that Rivian sees promises in applying AI to its own venture while positioning itself as a software leader — and even provider — within the...
Tomorrow: Join Ali Ghodsi and Dario Amodei for a fireside chat
Join this free virtual event, featuring Ali Ghodsi, the trailblazing co-founder and CEO of Databricks, alongside Dario Amodei, the pioneering co-founder and CEO of Anthropic. Uncover how their revolutionary collaboration is poised to fast-track the advancement of domain-specific AI agents. Not only will you experience an engaging exchange between the visionary leaders of two AI...
Columbia student suspended over interview cheating tool raises $5.3M to ‘cheat on everything’
On Sunday, 21-year-old Chungin “Roy” Lee announced he’s raised $5.3 million in seed funding from Abstract Ventures and Susa Ventures for his startup, Cluely, that offers an AI tool to “cheat on everything.” The startup was born after Lee posted in a viral X thread that he was suspended by Columbia University after he and...
ChatGPT search is growing quickly in Europe, OpenAI data suggests
ChatGPT search, OpenAI’s feature within ChatGPT that allows the chatbot to access and incorporate up-to-date information from the web into its responses, is growing at a fast clip in Europe. A report filed by one of OpenAI’s EU corporate divisions, OpenAI Ireland Limited, reveals ChatGPT search had roughly 41.3 million average monthly active “recipients” for...