OpenAI has appointed an executive at investment firm BlackRock to its board of directors. Adebayo “Bayo” Ogunlesi, a senior managing director at BlackRock and CEO of Global Infrastructure Partners, an infrastructure investing platform, has joined OpenAI’s board, OpenAI announced on Tuesday. In a statement, OpenAI […]
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Meta to cut roughly 5% of its workforce based on performance
Meta is reducing its workforce by about 5% through performance-based terminations, Bloomberg reported on Tuesday. The company plans to hire new people to fill the roles, CEO Mark Zuckerberg said in an internal memo to staff. “I’ve decided to raise the bar on performance management […]
YouTube star Ms. Rachel is coming to Netflix
Image: Netflix Popular YouTube toddler learning show Ms. Rachel is coming to Netflix. It will start with a four-episode season of “curated compilation” videos on January 27th, the company announced today. Netflix says this first batch of “research-backed” educational videos aimed at early child development […]
FBI hacked thousands of computers to make malware uninstall itself
Photo by Amelia Holowaty Krales / The Verge The FBI hacked about 4,200 computers across the US as part of an operation to find and delete PlugX, a malware used by state-backed hackers in China to steal information from victims, the Department of Justice announced […]
Robinhood agrees to pay $45M in SEC settlement
Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall Street Journal on Monday. The settlement is being made via two of Robinhood’s brokerage units. One of the violations relates […]
How to help people affected by the LA fires
I’ve been compiling a list of relevant information that could be helpful for those affected by the heartbreaking fires in Los Angeles.
China is reportedly open to Elon Musk acquiring TikTok US
Chinese government officials have reportedly discussed a scenario where ByteDance sells TikTok’s United States arm to Elon Musk, should the Supreme Court uphold the law banning the app on January 19th. Bloomberg reports that China would strongly prefer for TikTok to stay under ByteDance’s ownership, […]
LemFi moves remittances further into Asia and Europe with $53M in new funding
For many emerging market economies, remittances have become a lifeline. Inflows surpassed $669 billion in 2023, according to World Bank research, and they now represent significant portions of GDP in these countries, often outpacing foreign direct investment as the primary source of foreign exchange. Traditional […]
Mistral’s new Codestral code completion model races up third-party charts
The newest version of Mistral’s code generation model Codestral aims to be more efficient and generate code twice as fast.
Imec spins out Vertical Compute memory chip firm in $20.5M deal
Europe’s Imec.xpand is spinning out memory chip firm Vertical Compute in a seed investment round worth $20.5 million.