Astra lays off 25% of workforce, reallocates engineers, in an effort to fight dwindling cash reserves
Astra has laid off 25% of its workforce since the beginning of the quarter and is reallocating at least 50 engineers and manufacturing staff away from its launch business to focus on spacecraft production, the company said Friday. The reallocation and layoffs are expected to delay testing of the under-development
Read MoreTwitch streamer’s PS5 giveaway sparks riot in Union Square
Twitch streamers Kai Cenat and Fanum invited fans to Union Square on Friday for a real-life stream and giveaway. They promised to hand out gift cards, gaming PC equipment and PlayStation 5s. But the IRL stream descended into chaos as frenzied fans rioted over the giveaway, shutting down lower Manhattan
Read MoreAn International Cyclist’s Guide To Visiting Rotterdam
Rotterdam, a vibrant city in the Netherlands, is a cyclist’s paradise with its well-connected cycle lanes, stunning architecture, and a wealth of attractions. If you’re an international cyclist planning to visit Rotterdam, here are some key points to help you make the most of your cycling experience. Cycling Infrastructure Rotterdam
Read MorePony, investor Toyota partner to ‘mass produce’ robotaxis in China
Autonomous-driving company Pony.ai and Toyota say they’re teaming up with the goal of one day cranking out a bunch of “fully driverless robotaxis.” The two companies intend to kick off their partnership sometime this year with around $139 million in capital from GAC Toyota Motor Co. — a joint venture
Read MoreSoftBank sues IRL over ‘elaborate scheme’ that swallowed $150M
SoftBank once invested in social app IRL at a $1.1 billion valuation. Now, the Japanese investment firm is suing the defunct company for fraud, alleging $150 million in damages. IRL was supposedly poised to become an event organizing alternative for Gen Z, who are using Facebook less and less. Its
Read MoreHate your commute? Googlers can sleep on campus at a discount
The pandemic disrupted the office in a fundamental way. Remote work turned from a nice perk to a way of life for many. It’s an abrupt change for a tech industry that has a long history of rolling out perks to keep employees in the office for as long as
Read MoreCyber Security Today, Week in Review for Friday, August 4, 2023
Welcome to Cyber Security Today. This is the Week in Review for the week ending Friday, August 4th, 2023. I’m Howard Solomon, contributing reporter on cybersecurity for ITWorldCanada.com and TechNewsday.com in the U.S. I’m away this week so we’re re-running my interview with Aaron McIntosh, co author of the Ransomware
Read MoreAI is going 4-dimensional
Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday morning. State-sponsored bad actors have long been able to make “deepfake” videos that are good enough to trick unsophisticated viewers — and probably some more clued-in folks, too. That sort of work takes significant processing
Read MoreAI chip startup Tenstorrent lands $100M investment from Hyundai and Samsung
The appetite for hardware to train AI models is voracious. AI chips are forecast to account for up to 20% of the $450 billion total semiconductor market by 2025, according to McKinsey. And Insight Partners, the VC firm, projects that sales of AI chips will climb to $83.3 billion in
Read MoreHinton vs. Murdoch: A tale of two AIs
At Collision 2023, held in Toronto in late June, there was much discussion about artificial intelligence (AI) and more specifically the ChatGPT chatbot, but nothing illustrated the current situation better than separate keynote speeches delivered by Colin Murdoch and Dr. Geoffrey Hinton. Murdoch, chief business officer of Google DeepMind, an
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