In response to sluggish cloud growth, Dropbox, a leading cloud storage firm, has announced that it will reduce its workforce by 16% to curtail costs and concentrate on improving its AI capabilities by hiring new talent.
Super.com has secured $85 million in its Series C funding round to expand its savings super app. The company intends to use the fresh capital to boost its product and engineering resources, introduce new features to its super app, and diversify ways in which it can assist customers to save
In an email sent out to the Lyft employees, it was disclosed that a "significant" number of them would face job cuts. The measure has been taken to align fares with those of Uber and to reduce costs.
According to a state filing, Elon Musk has formed a new artificial intelligence firm called X.AI Corp. that is incorporated in Nevada. The company has authorized the sale of 100 million shares for private ownership, and Mr. Musk is the sole listed director, while Jared Birchall, the director of Musk's
Despite a significant slowdown in the sector, Reach Capital, one of the leading venture capital firms focused on educational technology, has raised its largest fund to date.
GaeaStar is influenced by the ancient Indian culture and employs 3-D printing technology to fabricate cups and bowls utilizing clay, water, and salt. These containers decompose into dust after disposal, creating no detrimental waste.
In a dramatic turn of events, HSBC has rescued Silicon Valley Bank's UK arm and prevented a crisis in Britain's tech sector. The move comes after all-night talks led by Prime Minister Rishi Sunak and the Bank of England. With this acquisition, HSBC has ensured that Silicon Valley Bank's UK
