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Genetic testing company 23andMe declares bankruptcy

Ars Technica

On Sunday, the genetic testing and heritage company 23andMe announced that it had entered Chapter 11 bankruptcy and was asking a court to arrange its sale. The company has been losing money for years, and a conflict between its board and CEO about future directions led to the entire board resigning back in September.

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Company apologizes after AI support agent invents policy that causes user uproar

Ars Technica

This marks the latest instance of AI confabulations (also called "hallucinations") causing potential business damage. Confabulations are a type of "creative gap-filling" response where AI models invent plausible-sounding but false information.

Policy 145
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Why business leaders should have more conversations with frontline workers

Fast Company Tech

and Fast Company. Steven Kramer, CEO of workforce management software company WorkJam, shared an example of a retail client whose salespeople noticed a batch of sweaters that had uneven sleeves. They shared information about the defect with management, and the company was able to pull the item from the stores.

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The most innovative companies in business services for 2025

Fast Company Tech

In an increasingly post-literate world , companies continue to turn to video to communicate with key stakeholders, and two of this years business services honorees help enterprises produce streamable content more efficiently.

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Is Forever 21 going out of business? Stores closing, locations in peril as retailer files for 2nd bankruptcy

Fast Company Tech

The company that operates the fast-fashion retail brand, called F21 OpCo, LLC, has filed for Chapter 11 bankruptcy protection in a Delaware court. stores and hold going-out-of-business sales, there is still a chance for a sale that could keep some operations running. Fast Company has reached out to Forever 21 for comment.

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The most innovative companies in applied AI for 2025

Fast Company Tech

Its been gradual, but generative AI models and the apps they power have begun to measurably deliver returns for businesses. Contextual AI lets organizations put a companys proprietary intelligence into a secure data store, then lets them build AI apps that can call on that data. billion valuation.

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Mauro Porcini, PepsiCo’s first chief design officer, is leaving the company

Fast Company Tech

After nearly 13 years leading PepsiCo design, its first chief design officer Mauro Porciniis departing the company. And he spent the next decade investing in more internal talentsuccessfully arguing that the approach would actually save the company money while offering stronger creative autonomy. Porcinis next move is still unknown.

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