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Dropbox to Shift Focus to AI and Reduce Workforce by 16% Due to Sluggish Cloud Growth

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.

United States

Dropbox to Shift Focus to AI and Reduce Workforce by 16% Due to Sluggish Cloud Growth

United States

Startup Ursa Major raises $100 million in funding for its rocket engine technology

United States, Hungary

FinCrime Prevention Company, SEON, Accelerates US Growth With New CRO Hire

FinCrime Prevention Company, SEON, Accelerates US Growth With New CRO Hire.

United States

Hydrosat Secures $20M in Additional Funding to Monitor Moisture Stress via Thermal Infrared Data from Satellites

United States, Israel

Debut Fund Targeting FinTechs Launched by Vesey Ventures with $78 Million

United States

Super.com secures $85 million funding for savings-centric Super App and Card

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

United States

New Lyft CEO David Risher Shocks Industry With Plan To Lay Off Hundreds Of Workers

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.

United States

Meta reportedly to lay off another 4,000 employees

Sources within the company have reported that Meta intends to terminate approximately 4,000 employees from its various entities this week, with a particular focus on those working in technical departments.

United States

Google’s Bard AI chatbot has gained the ability to generate and debug code

Google's Bard AI chatbot has gained the ability to generate and debug code

United States

Elon Musk has established a new company focused on artificial intelligence named X.AI

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

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United States

Dropbox to Shift Focus to AI and Reduce Workforce by 16% Due to Sluggish Cloud Growth

Dropbox to Shift Focus to AI and Reduce Workforce by 16% Due to Sluggish Cloud Growth

Startup Ursa Major raises $100 million in funding for its rocket engine technology

FinCrime Prevention Company, SEON, Accelerates US Growth With New CRO Hire

Hydrosat Secures $20M in Additional Funding to Monitor Moisture Stress via Thermal Infrared Data from Satellites

Debut Fund Targeting FinTechs Launched by Vesey Ventures with $78 Million

Super.com secures $85 million funding for savings-centric Super App and Card

New Lyft CEO David Risher Shocks Industry With Plan To Lay Off Hundreds Of Workers

Meta reportedly to lay off another 4,000 employees

Google’s Bard AI chatbot has gained the ability to generate and debug code

Elon Musk has established a new company focused on artificial intelligence named X.AI

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Polestar Capital launches €500M Fund to accelerate Zero-Emission Mobility in Europe

Valar Atomics emerges from Stealth with $19M to build High-Temperature SMRs

73 Strings secures €52.7M to expand AI-Powered Financial Intelligence Platform

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