Technology giant Cisco is cutting less than 4,000 jobs or about 5% of its workforce despite reports Better than expected profits and revenues In its fiscal third quarter. The networking equipment maker said it is reducing its workforce to change its “cost structure” and invest in AI and cybersecurity. Cisco’s decision follows a recent trend…
Elon Musk’s The power plants are considered “mobile” by the state of Mississippi because they sit on flatbed trailers, thus allowing them to avoid air pollution regulations for a year. The NAACP, which filed the lawsuit on behalf of area residents, says uncontrolled emissions from the turbines are worsening air quality in an already polluted…
Rivian spinoff company Mind Robotics has raised another $400 million after just two months raise $500 millionAs it works to develop industrial robotics that can further automate factory operations. The funding round, first reported by the Wall Street Journal, was led by Kleiner Perkins. The venture arms of Volkswagen, which has partnered with Rivian on…
Electronics manufacturing giant Foxconn, which makes devices and components for Apple, Google, Nvidia and Sony among other tech giants, confirmed on Monday that it has been hit by a cyberattack that may have affected some of its factories. In a statement sent to media outlets, Foxconn said the cyberattack affected facilities in North America, and…
The community bank, which operates in Pennsylvania, Ohio and West Virginia, disclosed a cybersecurity incident that exposed customers’ names, dates of birth and Social Security numbers. In an 8-k filing In a filing with the U.S. Securities and Exchange Commission dated May 7, the bank said it had discovered a risk to customers’ personal data…
Early-stage venture firm A* Capital announced Tuesday $450 million Fund III. The company takes a generalist approach, supporting companies across a variety of categories including AI applications, fintech, healthcare and security.The average check size for this fund will be between $3 million to $5 million, which aims to support at least 30 startups. Like the…
Google and SpaceX are in talks to launch orbital data centers into space, reports The Wall Street Journal said, citing sources familiar with the matter. The potential deal comes as SpaceX prepares to $1.75 trillion IPO Later this year, selling investors on the idea that data centers in space will be the cheapest place to…
The community bank, which operates in Pennsylvania, Ohio and West Virginia, disclosed a cybersecurity incident that exposed customers’ names, dates of birth and Social Security numbers. In an 8-k filing In a filing with the U.S. Securities and Exchange Commission dated May 7, the bank said it had discovered a risk to customers’ personal data…
Thinking Machines Lab, the AI startup founded last year by former OpenAI CTO Mira Muratti, announced some on Monday. interaction modelWhich in essence sounds like AI that can interrupt you. Right now, every AI model you’ve used works the same way. You talk, it listens. It responds, you listen. Thinking Machines is trying to change…
Five-year-old European military drone startup hellsing It is reportedly close to raising a new round of $1.2 billion at a valuation of about $18 billion. The round is expected to be led by Dragoneer and co-led by existing Hellsing investor Lightspeed Financial Times reported. Hellsing’s last parenting took place a little less than a year…
