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LatticeFlow Unveils Benchmarking Framework for EU AI Act Compliance

LatticeFlow Unveils Benchmarking Framework for EU AI Act Compliance

LatticeFlow, a spinout from ETH Zurich, has introduced a pioneering framework aimed at assessing AI models' compliance with the EU AI Act. This initiative is crucial as the EU's regulatory framework for AI applications begins to take shape. The framework, dubbed Compl-AI, offers an open-source validation tool and evaluates major large language models against 27 benchmarks. The results reveal mixed performance across various compliance areas, highlighting the need for improvements in fairness and robustness. LatticeFlow calls for collaboration from the AI community to refine and enhance this evaluation tool.

Created at: October 16, 2024 10:30am

Luxury Fashion Careers Fuel $17M Raise for Autone's Supply Chain Innovations

Luxury Fashion Careers Fuel $17M Raise for Autone's Supply Chain Innovations

Autone, a supply chain platform founded in 2020, has successfully raised $17 million in Series A funding, led by General Catalyst. The company aims to streamline inventory management for mid-market retailers and premium brands facing complex supply chains. Notable investors include Speedinvest and YCombinator, bringing total funding to $20 million. Autone's co-founders, with backgrounds in luxury fashion, leveraged their experience to create a solution that reduces inventory risk and enhances purchasing efficiency. Their client roster includes brands like Courreges and Roberto Cavalli.

Created at: October 16, 2024 10:00am

Capacity Secures $26 Million in Series D Funding Amid Strategic Acquisitions

Capacity Secures $26 Million in Series D Funding Amid Strategic Acquisitions

Capacity, an AI-driven support automation firm, has raised $26 million in Series D funding, surpassing its initial goal of $5 million due to strong backing from investors like TVC Capital and Toloka.vc. The company has also acquired three firms, including enterprise search company Lucy, enhancing its customer service automation capabilities. CEO David Karandish emphasized the importance of a comprehensive platform for improving customer interactions. With over 2,500 brands served and plans to grow its workforce to 200 by year-end, Capacity is poised for significant expansion and profitability.

Created at: October 16, 2024 7:30am

Former Palantir CISO Dane Stuckey Joins OpenAI to Enhance Security

Former Palantir CISO Dane Stuckey Joins OpenAI to Enhance Security

Dane Stuckey, the former Chief Information Security Officer (CISO) of Palantir, has officially joined OpenAI as its CISO. Announcing the transition on X, Stuckey emphasized the critical role of security in OpenAI's mission to protect users and develop safe artificial general intelligence. With a robust background in digital forensics and incident response, Stuckey aims to uphold high standards of compliance and trust. OpenAI has been strengthening its security operations, including recent job postings for new security roles. This move marks a significant step in OpenAI's commitment to secure AI infrastructure.

Created at: October 16, 2024 12:30am

Keep Secures $2.5M to Transform Alert Management with AI

Keep Secures $2.5M to Transform Alert Management with AI

Keep, a Y Combinator-backed startup, has raised $2.5 million in a pre-seed funding round to enhance alert management for operations teams using AI. The company's platform reduces alert fatigue by deduplicating and correlating notifications, helping teams prioritize issues effectively. Co-founders Tal Borenstein and Tal Glazner, along with new partner Matvey Kukuy, aim to improve observability tools by enriching alerts with contextual data. Keep's AI models facilitate noise reduction and automated root cause analysis, providing significant value to enterprise customers. The funding was led by Runa Capital, with support from angel investors.

Created at: October 15, 2024 6:30pm

Elon Musk's X Struggles to Boost Subscription Revenue Amidst Advertising Challenges

Elon Musk's X Struggles to Boost Subscription Revenue Amidst Advertising Challenges

Despite Elon Musk's efforts to reduce X's reliance on advertising, subscription revenue remains stagnant. A recent analysis reveals that X has generated around $200 million from its Premium service since its 2021 launch, with an estimated $140 million remaining after app store fees. The service, initially dubbed Twitter Blue, relaunched in December 2022 and has since introduced varying subscription tiers. However, estimates suggest only about 1.4 million users are currently paying for these subscriptions. As X's total revenue for the first half of 2024 reached $1.48 billion, subscriptions still comprise a minimal portion of earnings.

Created at: October 15, 2024 6:00pm

Automattic's Trademark Enforcement Strategy Revealed Amid WP Engine Dispute

Automattic's Trademark Enforcement Strategy Revealed Amid WP Engine Dispute

Automattic, the parent company of WordPress, has initiated a stringent trademark enforcement strategy against WP Engine, amid ongoing legal disputes over the use of the WordPress trademark. An internal blog post outlines plans for direct negotiations and legal actions, citing the need for a multi-pronged approach. Automattic aims to protect its branding through additional trademark registrations and licensing programs. The WordPress Foundation's trademark applications for 'Managed WordPress' and 'Hosted WordPress' are currently pending. Mullenweg emphasizes the necessity of enforcing trademark rights to safeguard the ecosystem.

Created at: October 15, 2024 5:00pm

Some Americans Defy U.S. Ban to Continue Using Kaspersky Antivirus

Some Americans Defy U.S. Ban to Continue Using Kaspersky Antivirus

Despite the U.S. government's ban on Kaspersky software, some Americans are still using the antivirus. After Kaspersky forcibly uninstalled its software in September, users have turned to creative methods to bypass the restrictions. Many have retained their licenses purchased before the ban, while others employ VPNs or non-U.S. servers for updates. Users express skepticism about the ban's motives and appreciate Kaspersky's performance over competitors. Kaspersky did not respond to inquiries regarding the situation. The persistence of these users raises questions about the effectiveness of the ban.

Created at: October 15, 2024 4:30pm

Apple's iPhone 18 to Feature Revolutionary 2nm Chips by 2026

Apple's iPhone 18 to Feature Revolutionary 2nm Chips by 2026

Apple is set to revolutionize its iPhone lineup with the introduction of TSMC's groundbreaking 2nm chipset in the iPhone 18, expected in 2026. This advancement marks the first use of a 2nm process for A-series chipsets, promising enhanced performance and efficiency. Analyst Ming-Chi Kuo suggests that the 2nm chip may be exclusive to Pro models due to its higher costs. Alongside the new chipset, the iPhone 18 is anticipated to incorporate 12GB of RAM, potentially redefining standards in mobile technology. Production of the 2nm chips is slated to begin next year, following the successful development of 3nm processors.

Created at: October 15, 2024 1:31pm

Neuron7 Secures $44 Million in Series B Funding Led by Keith Block

Neuron7 Secures $44 Million in Series B Funding Led by Keith Block

AI customer service startup Neuron7 has successfully raised $44 million in an oversubscribed Series B funding round, spearheaded by Keith Block of Smith Point Capital. The firm aims to revolutionize complex service operations, differentiating itself from general chatbot solutions. Neuron7 leverages advanced AI to analyze repair manuals and support records, assisting technicians in diagnosing problems efficiently. With its user base primarily comprising Fortune 1000 companies, Neuron7 has reported a 300% growth in annual recurring revenue. This latest funding increases its valuation significantly, positioning it for further innovation in enterprise AI.

Created at: October 15, 2024 1:30pm

Amplitude Acquires Command AI to Enhance User Engagement

Amplitude Acquires Command AI to Enhance User Engagement

Amplitude has acquired Command AI, a startup focused on app user engagement, as part of its strategy to improve digital analytics. The deal brings most of Command AI's 30-member team onboard, including co-founder James Evans, who expressed enthusiasm about the partnership. Command AI's technology will enable Amplitude to offer personalized user assistance through features like interactive product tours and smart triggers for updates. Evans will step into a leadership role at Amplitude, which has previously acquired two other companies since its inception. Amplitude serves over 2,700 paying customers, including many Fortune 100 firms.

Created at: October 15, 2024 1:30pm

Cato Networks Enhances SASE Platform with Digital Experience Monitoring Service

Cato Networks Enhances SASE Platform with Digital Experience Monitoring Service

Cato Networks has expanded its Secure Access Service Edge (SASE) platform by introducing a Digital Experience Monitoring (DEM) service. This addition allows IT teams to assess application performance and user experience effectively, pinpointing issues from connectivity to application performance. With a valuation exceeding $3 billion, Cato aims to streamline the IT security budget and enhance network security for enterprises. The DEM service is now available as a paid add-on for Cato's 2,500+ customers, providing real-time insights for better decision-making.

Created at: October 15, 2024 1:00pm

Monogoto Secures $27M to Enhance Connectivity-as-a-Service Platform

Monogoto Secures $27M to Enhance Connectivity-as-a-Service Platform

Monogoto, a startup specializing in 'connectivity-as-a-service', has successfully raised $27 million in a Series A funding round led by Toyota Ventures. The funding highlights the growing demand for software-defined connectivity solutions amidst a fragmented telecommunications landscape. With this latest round, Monogoto has raised a total of $38 million to date. The company operates in 180 countries and supports various network types, addressing the complexities enterprises face in managing connected devices. Monogoto aims to streamline connectivity for industries including fleet management and asset tracking.

Created at: October 15, 2024 1:00pm

Career Karma Founders Launch OutRival to Transform Customer Service with AI Agents

Career Karma Founders Launch OutRival to Transform Customer Service with AI Agents

Ruben Harris and Timur Meyster, founders of Career Karma, have launched OutRival, a platform enabling businesses to create personalized AI customer service agents. The AI sector continues to attract substantial venture capital, with over $64 billion invested in 2023 alone. OutRival aims to work alongside existing teams rather than replace them, enhancing customer interactions. Operating in beta for two years, the company has already partnered with college admissions teams. OutRival will leverage funds from Career Karma's previous $40 million Series B round to expand its offerings across industries.

Created at: October 15, 2024 1:00pm

FIDO Alliance Enables Cross-Platform Passkey Sharing

FIDO Alliance Enables Cross-Platform Passkey Sharing

The FIDO Alliance has unveiled new specifications to allow the import and export of passkeys between different platforms. Currently in development, this feature aims to enhance user experience by enabling seamless sharing across password managers. While passkeys have gained traction in the tech industry, their cross-platform functionality is limited. Collaboration among major players like Apple, Google, and 1Password has made this initiative possible. Once finalized, users will be able to switch credential providers while maintaining their security. This advancement marks a significant step towards a password-less future.

Created at: October 15, 2024 12:30pm

Port Secures $35M to Revolutionize Developer Tools and Workflows

Port Secures $35M to Revolutionize Developer Tools and Workflows

Port, an innovative platform aimed at centralizing developer tools and workflows, has successfully raised $35 million in a Series B funding round led by Accel and Bessemer Venture Partners. Founded in 2022 by Yonatan Boguslavski and Zohar Einy, Port addresses the bottleneck caused by developers' reliance on DevOps teams for managing various tasks. The platform, which features an internal developer portal, enhances efficiency by allowing developers to self-service their resource needs. With plans to expand its workforce and product offerings, Port is set to grow significantly in the coming year.

Created at: October 15, 2024 12:30pm

Harry Stebbings' 20VC Secures $400M Fund to Boost European Startups

Harry Stebbings' 20VC Secures $400M Fund to Boost European Startups

Harry Stebbings, the UK podcaster turned venture capitalist, has successfully closed his largest fund yet, a $400 million investment vehicle aimed at supporting European startups. With a focus on seed and Series A investments, the fund will leverage Stebbings' media influence to shine a spotlight on the region's innovative companies. Despite challenging market conditions, this rapid fundraising reflects ongoing investor interest in Europe's startup ecosystem. Prominent backers include U.S. institutional investors, highlighting the transatlantic appeal of European ventures. Stebbings emphasizes the importance of finding exceptional founders to drive market success.

Created at: October 15, 2024 11:30am

Omnea Secures $25M Funding to Revolutionize Procurement Process

Omnea Secures $25M Funding to Revolutionize Procurement Process

London-based startup Omnea has raised $25 million in funding, comprising a $20 million Series A and a $5 million seed round, to streamline the cumbersome procurement process within organizations. Co-founded by former Tessian executives Ben Freeman and Ben Allen, Omnea's platform aims to enhance efficiency by utilizing AI to triage requests, manage vendor relationships, and improve price negotiations. The company reported an impressive 8x revenue growth last year, attracting notable clients like McAfee and Typeform. Investors include Accel, First Round Capital, and Point Nine, highlighting the market's demand for procurement solutions.

Created at: October 14, 2024 5:00pm

Gemini AI Takes Over Google Assistant Actions on Android

Gemini AI Takes Over Google Assistant Actions on Android

Gemini AI is set to enhance its functionalities by taking over Google Assistant's actions on Android devices, as revealed in the latest beta update. This transition allows Gemini to manage tasks such as sending messages, making calls, and controlling music playback directly through the Google app. The upgrade highlights Google's shift towards a multimodal AI experience, moving away from the traditional voice assistant model. While Gemini shows promise, it still faces challenges with large data sets. The integration of Gemini across various Google applications signals a significant advancement in AI capabilities for users.

Created at: October 14, 2024 2:31pm

Casio Confirms Ransomware Attack, Customer Data Compromised

Casio Confirms Ransomware Attack, Customer Data Compromised

Casio has officially acknowledged a ransomware attack that compromised customer and employee data earlier this month. Initially reported on October 7, the Tokyo-based electronics giant later revealed that personal information, including legal documents and payroll data, was accessed by hackers. The group known as Underground has claimed responsibility, asserting they stole over 200 gigabytes of sensitive data. While Casio confirmed that credit card information remains secure, the full extent of the damage is still under investigation as some systems remain unusable.

Created at: October 14, 2024 2:00pm

FTX to Return $12B to Creditors, Arkham Intelligence Launches Derivatives, and New Game 'CornBattles'

FTX to Return $12B to Creditors, Arkham Intelligence Launches Derivatives, and New Game 'CornBattles'

FTX is set to return $12 billion to its creditors following a court-approved payout plan, with the first $1 billion expected by December. This development signals a potential boost for the crypto industry, which has struggled since the exchange's collapse. Meanwhile, Arkham Intelligence, backed by OpenAI's Sam Altman, will launch crypto derivatives next month, expanding its offerings from blockchain data services. Additionally, the new crypto game 'CornBattles' has gained traction, attracting three million users with its unique blend of tactical gameplay and real-world rewards.

Created at: October 14, 2024 12:30pm

Table Space Targets $2.5B Valuation for Upcoming IPO in India

Table Space Targets $2.5B Valuation for Upcoming IPO in India

Table Space, an Indian managed workspace provider, is planning an IPO aimed at achieving a valuation of $2.5 billion or more next year. The startup, founded in 2017 and based in Bengaluru, has engaged Axis Securities as its bookrunner for the offering. Currently valued at approximately $550 million, Table Space operates over 60 centers across six cities, serving major corporations like Apple and Google. The company anticipates nearly doubling its real estate portfolio while projecting annual revenue to hit $600 million by March 2027, amid a robust demand for flexible office spaces in India.

Created at: October 14, 2024 8:30am

Constellation Technologies Aims to Bring 5G Internet from Space

Constellation Technologies Aims to Bring 5G Internet from Space

French startup Constellation Technologies & Operations plans to revolutionize telecommunications by launching a network of satellites to provide 5G internet access from low Earth orbit. By repurposing existing 5G spectrum, the company aims to partner with telecom operators to offer high-speed internet via stationary user terminals. Founder Charles Delfieux emphasizes the need for universal connectivity, noting that convergence between space and terrestrial networks is now achievable. Constellation has secured €9.3 million in seed funding and plans to launch its first prototype satellites by 2026, targeting a constellation of 1,500 for global coverage.

Created at: October 14, 2024 7:00am

China's 'Typhoon' Hackers: An Emerging Cyber Threat for the U.S.

China's 'Typhoon' Hackers: An Emerging Cyber Threat for the U.S.

U.S. intelligence officials warn that Chinese state-backed hackers, identified as the 'Typhoon' groups, pose a serious threat to American critical infrastructure. These hackers have infiltrated sectors like water, energy, and transportation, preparing for potential future cyberattacks amid rising tensions. Groups like Volt Typhoon and Flax Typhoon have been actively targeting sensitive networks, while the newly discovered Salt Typhoon may have compromised U.S. telecom wiretap systems. The FBI emphasizes the urgency of countering these threats to protect national security and civilian safety.

Created at: October 13, 2024 2:30pm

WordPress Forks ACF Plugin Amid Dispute with WP Engine

WordPress Forks ACF Plugin Amid Dispute with WP Engine

In a bold move, WordPress founder Matt Mullenweg has announced the forking of the Advanced Custom Fields (ACF) plugin from WP Engine, now rebranded as Secure Custom Fields. This decision aims to eliminate commercial upsells and address security concerns. The ACF team criticized the action as unprecedented in WordPress history, raising ethical questions about its implications. Mullenweg, however, defended the choice as a necessary response to WP Engine's legal threats. The new plugin will be non-commercial and open for community contributions, providing a fresh direction for WordPress users.

Created at: October 12, 2024 9:30pm

Tesla Unveils Affordable Cybercab Robotaxi Under $30K

Tesla Unveils Affordable Cybercab Robotaxi Under $30K

Tesla has officially introduced its Cybercab robotaxi during the We, Robot event, boasting a sleek design and a projected price of less than $30,000. Alongside the Cybercab, CEO Elon Musk also showcased a prototype of the Robovan, an electric autonomous vehicle aimed at high-density areas. Meanwhile, Fidelity Investments reported that over 77,000 customer records were compromised in a data breach. In corporate news, Babbel's CEO is stepping down, with co-founder Markus Witte returning to lead the company into a new phase focused on AI.

Created at: October 12, 2024 8:30pm

Amazon Unveils Next-Gen Robotics Strategies at Nashville Event

Amazon Unveils Next-Gen Robotics Strategies at Nashville Event

At the recent Delivering the Future event in Nashville, Amazon showcased advancements in AI and computer vision aimed at enhancing delivery efficiency. Although no new robotics systems were introduced, Amazon Robotics chief technologist Tye Brady highlighted the deployment of over 750,000 autonomous mobile robots. The company is retrofitting existing warehouses, including a massive expansion in Shreveport, Louisiana, which will utilize significantly more robots and create additional jobs. Amazon's integration of machine learning and collaboration with UC Berkeley spinoff Covariant aims to tackle complex industrial challenges, ensuring a seamless workflow.

Created at: October 12, 2024 2:00pm

MariaDB's New CEO Aims to Foster Community Ties Post-Acquisition

MariaDB's New CEO Aims to Foster Community Ties Post-Acquisition

Rohit De Souza, the newly appointed CEO of MariaDB, emphasizes the importance of strengthening collaboration with the MariaDB Foundation. Following a tumultuous period marked by a failed SPAC listing and a recent acquisition by K1 Investment Management, MariaDB is set to regain stability and refocus on its community-driven roots. De Souza believes that the backing of private equity will facilitate closer ties with the Foundation, which has historically safeguarded user interests. He aims to leverage community input in product development, signaling a fresh start for the company after recent cutbacks.

Created at: October 12, 2024 1:30pm

Startups Battle Well-Funded Rivals Amid New Funding Surge

Startups Battle Well-Funded Rivals Amid New Funding Surge

This week's startup landscape saw significant funding activity, emphasizing the importance of regulatory interactions. Companies like KoBold Metals raised $491 million for mineral discovery using AI, while Auger secured a $100 million seed round for supply chain innovations. French unicorn Alan expanded into Canada, aiming to hire 50 staff. Meanwhile, LoanSnap lost its operating license in Connecticut, and Fisker faced bankruptcy challenges. Amidst these developments, venture studio Diagram launched a $58 million climate tech fund, reflecting ongoing investment in sustainable solutions.

Created at: October 11, 2024 7:30pm

HubSpot Acquires Cacheflow to Enhance Software Sales Solutions

HubSpot Acquires Cacheflow to Enhance Software Sales Solutions

HubSpot has announced its acquisition of Cacheflow, a startup specializing in tools for closing software sales. This move aims to enhance HubSpot’s Commerce Hub suite, particularly in subscription billing management and configure, price, quote (CPQ) tools. Cacheflow, founded in 2021, will operate as a subsidiary, helping businesses automate revenue management. The acquisition follows Cacheflow's $16 million fundraising and positions HubSpot for growth in the B2B software market. HubSpot shares rose 1.3% post-announcement, reflecting investor optimism about the deal's potential.

Created at: October 11, 2024 4:30pm

EU Intensifies Scrutiny on Temu Over Illegal Product Risks

EU Intensifies Scrutiny on Temu Over Illegal Product Risks

The European Union has heightened its investigation into the Chinese ecommerce platform Temu, seeking further details regarding its compliance with the Digital Services Act (DSA). This comes after consumer protection groups filed complaints highlighting concerns about the sale of illegal goods. The EU demands specifics on risk mitigation measures, trader identification processes, and consumer protection strategies. Temu must respond by October 21, or it risks facing formal investigation for non-compliance. The scrutiny reflects growing pressure for greater accountability in online marketplaces, especially regarding user safety and transparency.

Created at: October 11, 2024 4:00pm

Xbox to Enable In-App Game Purchases on Android Following Google Antitrust Ruling

Xbox to Enable In-App Game Purchases on Android Following Google Antitrust Ruling

Xbox President Sarah Bond announced that players will soon be able to purchase and play Xbox games directly through the Xbox App on Android. This development follows a U.S. judge's ruling that limits Google's control over its Play Store, enhancing competition. The change allows Microsoft to sell games without sharing revenue with Google. While specific titles were not disclosed, the rollout is set for November. Additionally, Microsoft is still in the testing phase for its own mobile game store, initially announced for July. Google plans to appeal the ruling that could reshape app distribution on Android.

Created at: October 11, 2024 3:00pm

TechCrunch Disrupt 2024: Navigating Open Source Security with Industry Leaders

TechCrunch Disrupt 2024: Navigating Open Source Security with Industry Leaders

TechCrunch Disrupt 2024 will feature an insightful panel discussion on open source security, led by prominent figures from Sequoia Capital, CISA, and Tidelift. Bogomil Balkansky, Aeva Black, and Luis Villa will explore the balance between innovation and security in open source software. With increasing threats from state actors, the panel aims to address how companies can leverage open source while mitigating risks. Attendees will gain valuable insights into the future of communal code and its impact on global innovation. The event takes place from October 28-30 at Moscone West in San Francisco.

Created at: October 11, 2024 3:00pm

Startup Battlefield 200 Judges Announced for TechCrunch Disrupt 2024

Startup Battlefield 200 Judges Announced for TechCrunch Disrupt 2024

TechCrunch has revealed more judges for the Startup Battlefield 200, a key event at Disrupt 2024, set to take place from October 28-30 in San Francisco. The event will showcase innovative startups pitching to top investors, providing invaluable insights into successful evaluation criteria. Among the newly announced judges are Galym Imanbayev from Lightspeed Venture Partners and Rohan Ganesh from Obvious Ventures, both of whom have extensive backgrounds in healthcare and technology investments. Attendees can expect an engaging Q&A session following each pitch, culminating in a $100,000 equity-free prize for the winner.

Created at: October 11, 2024 2:30pm

Tesla Unveils Robovan: A Fully Autonomous Electric Van for 20 Passengers

Tesla Unveils Robovan: A Fully Autonomous Electric Van for 20 Passengers

At the recent 'We, Robot' event, Elon Musk introduced Tesla's new Robovan, an electric and fully autonomous van designed to accommodate up to 20 passengers. This spacious vehicle, which boasts a unique art deco design, aims to revolutionize transportation by eliminating the need for a driver. Musk emphasized its versatility, allowing it to transform into various configurations such as a cargo van or RV. The Robovan signifies Tesla's commitment to creating a fleet of vehicles that operate without traditional controls, marking a significant step forward in autonomous driving technology.

Created at: October 11, 2024 1:30pm

Wikipedia Editors Face Rising Challenge from AI-Generated Content

Wikipedia Editors Face Rising Challenge from AI-Generated Content

As the prevalence of AI-generated content increases, Wikipedia editors are struggling to manage the influx of low-quality contributions. Large language models, like OpenAI's GPT, are creating text that is often improperly sourced, leading to a rise in fake entries. Ilyas Lebleu, a Wikipedia editor, is spearheading the 'WikiProject AI Cleanup' to establish best practices for identifying machine-generated content. This project aims to help editors distinguish between genuine and AI-created edits, which are becoming a significant burden on their time and resources.

Created at: October 11, 2024 11:30am

Babbel Co-Founder Markus Witte Returns as Executive Chairman Following CEO Arne Schepker's Departure

Babbel Co-Founder Markus Witte Returns as Executive Chairman Following CEO Arne Schepker's Departure

Arne Schepker has stepped down as CEO of Babbel, with co-founder Markus Witte returning to lead the company as Executive Chairman and Managing Director. Schepker, who served nearly five years as CEO, cited a lack of sufficient commitment for his departure. Babbel's revenue grew sixfold during his tenure, reaching approximately $300 million. Witte aims to leverage AI to enhance language learning, focusing on creating personalized experiences for users. He believes the integration of advanced technology and Babbel's expertise can revolutionize language education. Witte also plans to foster positive experiences for employees and users alike.

Created at: October 11, 2024 2:30am

Amazon's Just Walk Out Team Faces Major Executive Changes

Amazon's Just Walk Out Team Faces Major Executive Changes

Three key executives responsible for Amazon's Just Walk Out technology have departed, signaling a shift in the company's checkout technology strategy. Jon Jenkins, Sanjay Dash, and Dilip Kumar have left their roles, with Kumar moving to oversee Amazon's AI chatbot initiative. Colleen Aubrey has been appointed as the new head of Just Walk Out under her expanded role in AWS solutions. Despite the leadership changes, Amazon maintains confidence in its checkout innovations, aiming to expand Just Walk Out to third-party stores next year after scaling back its physical store presence.

Created at: October 10, 2024 10:30pm

FTX's Ryan Salame Finds Humor in Dark Times as He Begins Prison Sentence

FTX's Ryan Salame Finds Humor in Dark Times as He Begins Prison Sentence

Ryan Salame, the former co-CEO of FTX Digital Markets, has commenced his seven-and-a-half-year prison sentence for fraud. Prior to his incarceration, Salame took to LinkedIn to share a humorous post announcing his new role as an 'Inmate at FCI Cumberland.' His post included a whimsical cartoon of people dancing around a cupcake, showcasing an absurd attempt to cope with his situation through humor. This comes amid ongoing legal troubles for several FTX executives following the company's collapse.

Created at: October 10, 2024 8:30pm

LinkedIn: 10 Million Freelancers Join Services Marketplace Amid Tech Layoffs

LinkedIn: 10 Million Freelancers Join Services Marketplace Amid Tech Layoffs

LinkedIn has announced that 10 million users have signed up on its Services Marketplace, reflecting a 48% increase over the past year. This surge comes as over 100,000 tech workers were laid off in 2024, leading many to explore freelance opportunities. Service requests on the platform are also up by 65% year-over-year. Despite these gains, LinkedIn has not disclosed sales figures or pricing trends. The company aims to boost engagement and premium subscriptions, which have risen by 51%, contributing to $1.7 billion in revenue this fiscal year.

Created at: October 10, 2024 5:00pm