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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.
The name Village Roadshow might not ring a bell with every moviegoer, but the companys logo almost certainly will. But last week, following a years-long decline in box office performance, the company filed for bankruptcy. The companys hitmaking era continued all the way through to 2019s billion-plus grossing Joker.
The heated race to develop and deploy new large language models and AI products has seen innovation surgeand revenue soarat companies supporting AI infrastructure. And in October, the company opened its first global quantum data center outside the U.S., in Ehningen, Germany.
Alphabet is letting its laser-based internet company Taara fly and be free, according to reporting by Financial Times. Googles parent company is spinning off the service from X, its moonshot incubator system (not to be confused with X the social network.) The tech works by firing beams of light to and from various terminals.
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.
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. In June 2024, the company transformed its existing enterprise AI assistant and search engine into a platform called Work AI platform. billion valuation.
When Intuitive Machines became the first private space company to land on the moon , it was hailed as successful, despite its spacecraft breaking a leg and falling to its side. Additionally, the company has upgraded its dishes on the ground for receiving data. The program has invested $2.6
The chip company had been reading the tea leaves and built new features into its GPUs that made them even better suited to real-time inference than before. Even before the appearance of new reasoning models, some of AIs hottest companies produced state-of-the-art new AI systems. But one company is already reaping the rewards.
When companies advertise job openings, they often use buzzwords like ambitious and self-reliant to describe their ideal candidate. We also found that recruiters are more likely to use rule-bender terms when hiring for highly innovative, high-growth companies. Consider a company hiring a salesperson. But theres a catch.
Chinese companies are upping orders of NVIDIAs H20 AI chip as demand booms for DeepSeeks low-cost AI models, according to an exclusive report from Reuters. Cloud service providers in particular, including Tencent, Alibaba, and ByteDance, are significantly increasing their orders of the H20 chip, sources said. Reuters ]
The businesses in Fast Company s Most Innovative Companies in AR/VR reflect that trend. In January 2024, the company debuted its Xreal Air 2 Ultra line of AR glasses, equipped with the cameras and processing power necessary to provide spatial computing experiences comparable to professional devices from Apple and Meta, all for $699.
This years list of biotech companies reflects the evolving impact of AI, a growing interest in cutting-edge research tools for single-cell analysis and spatial proteomics, and clinical advances for novel drug candidates that promise more convenient and effective treatment for conditions impacting millions of Americans.
After a few years at the company, he spent half a decade freelancing in product development, but eventually found himself pulled back to the beverage industry. Goodwin still formulates flavors much the same way today, despite running a company worth billions of dollars. Theres a sink, and he can put a metal table in there.
The work and companies honored this year have shown that there is no single magic bullet when it comes to utilizing culture, but you do have to know where to aim. The company hit a record $333 million in sales in 2024, with a growth rate nine times the overall bottled water category. With its $1.4
Sponsored by Printful – a print-on-demand company that offers hundreds of customizable products and various services, including Quick Stores , the easiest way to create an online store. Quick Stores is a simple, no-cost solution for launching a merch store with Printful , the leading print-on-demand company for over a decade.
Security practices by budget website hosting companies are often poor and lack basic firewalls, malware protection, and limited protection against DDoS attacks. We had to move to a premium website hosting company and upgraded to a $96 a month plan. Customer service can be unreliable and slow to respond. and requires no maintenance.
Han joined the company in 1988 and became the head of product research and development for visual display in 2011. He then led Samsung's TV business before he was named as the head of Samsung DX, which is what the company calls its merged mobile and consumer electronics divisions, in 2021.
DNA testing company 23andMe has filed for Chapter 11 bankruptcy , following a tumultuous few years that included significant layoffs and a wide-ranging data breach. It plans to find a buyer and continue operations throughout the process, with the company's CEO, Anne Wojcicki, resigning to bid for the company independently.
Biotechnology company 23andMe has filed for bankruptcy, with co-founder and CEO Anne Wojcicki stepping down, effective immediately. The DNA testing company said it would use the money from the sale to "resolve all outstanding legal liabilities stemming from the previously disclosed October 2023 cyber incident." she wrote. "I
By CONCAT — the first website design and development company solely led by refugees and women from countries of conflict. CONCAT is the first website design and development company solely led by refugees and women from countries of conflict. Website maintenance and support can be a luxury for nonprofits working on a tight budget.
The Wall Street Journal reports a group of investors led by Musk's xAI submitted an unsolicited offer to the company's board of directors on Monday. OpenAI is not a traditional company, and the nonprofit structure Sam Altman and others at the company want it to get away from may in fact protect it from Musk's offer.
The company, which was founded almost two decades ago, has been in severely dire financial traits for years now , struggling to effectively monetize its service, which most customers will only buy once. Mass layoffs , including the resignations of most of its governing board , have left the company in tatters.
A new clause , published this week on the company's website, outlines that Pinterest will use its patrons' "information to train, develop and improve our technology such as our machine learning models, regardless of when Pins were posted." Later, the company provided us with an emailed statement.
While dismantling those services, Musk has also attempted to further his own companies, for example pushing his Starlink broadband product as a solution to outdated air-traffic control systems. Musk has also targeted agencies that specifically investigated or fined his companies. And he has an interest, of course, in selling Teslas.
The layoffs were authorized via an amendment to the companys restructuring plan, which aims to see the company cut costs. HP expects incremental gross workforce reductions of approximately 1,000 to 2,000 employees in connection with the amendment, the company said in the filing. That equated to about 9% of its total workforce.
Meta will soon roll out its new fact-checking replacement , Community Notes, a crowd-sourced tool that will sunset the company's third party fact-checking team in favor of what Meta alleges is a "less biased" way to curb misinformation. The company announced that the feature will begin testing among U.S.
A company called Infinite Reality ponied up the cash. More specifically, the company plans on creating virtual 3D spaces for music fans to attend concerts and listening parties, in addition to creating a sales platform for musicians and labels to sell merch. The company says its version of Napster will disrupt legally.
The ancestry search company filed for Chapter 11 bankruptcy over the weekend, which immediately caused alarm in privacy-focused individuals. A company on the verge of financial collapse is probably not one that can be trusted with your literal DNA, they argued. 23andMe is going bankrupt , and now is the time to rescue your data.
Partnerships between nonprofit organizations and for-profit companies to boost workplace volunteering and community impact can create significant value for both parties. Encourage use of Volunteer Time Off Eighty-four percent of Civic 50 companies offer their employees paid volunteer time off (VTO).
On Tuesday, the company introduced the Otter Meeting Agent. It can also answer questions based on information it finds in your company's meeting database. "This The two other agents the company is releasing today can provide real-time coaching to sales agents during customer calls and live demos to potential customers.
The company that operates the fast-fashion retail brand, called F21 OpCo, LLC, has filed for Chapter 11 bankruptcy protection in a Delaware court. For now, Forever 21 stores and its website will stay open as the company sells off inventory and looks for buyers. Fast Company has reached out to Forever 21 for comment.
Given the uncertainty around the future of the DNA testing company and what will happen to all of the genetic data it has collected, now is a critical time for customers to protect their privacy. The details are in the company's privacy policy. Click the link in that email to complete the process.
This is the first lunar mission for Firefly Aerospace, a company established in 2014 to develop a small satellite launcher. Since then, Firefly has undergone changes in ownership, a bankruptcy, and a renaming.
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Wynn-Williams was previously Meta's director of global public policy, with Careless People covering her time at the company from 2011 to 2017. Mashable has reached out to Meta for comment. Careless People: A Cautionary Tale of Power, Greed, and Lost Idealism was published this week by Macmillan.
A group of investors led by Elon Musk made a bid to buy out the leading artificial intelligence company, OpenAI. However, since ChatGPT exploded on the tech scene, Altman has sought to turn OpenAI into a for-profit company. OpenAI has already raised billions of dollars from companies like Microsoft and was last valued at $157 billion.
Giving research a Lyft The work was done thanks to cooperation from the ridesharing company Lyft, which provided data on its drivers in Florida, all 222,838 of them, along with a record of all the GPS pings their tracking systems sent into the company's servers.
For most of us, getting revenge on a company that screwed us over will only ever be a bitter daydream. But when one company messed with the wrong man, he decided to make good on that fantasy, turning it into costly reality.
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Now, it's a growing fact of life for billions of workers around the world, as companies break up full-time positions into contract work with less stability and protection by labor laws. At one time, freelancing was seen as the domain of plucky young writers and daring web designers.
are completely separate, unrelated companies" and that user safety is always its top concern. Chief among their concerns: that bots could target minors and manipulate vulnerable users into suicide alarm bells that feel strikingly prescient now that the company stands accused of those exact things. Despite shoveling $2.7
Its about making jobs easier so that companies can compete in their industry and colleagues can accelerate their careers. Failure to drive access and adoption of AI technology can easily cause companies to lose their competitive edge in the marketplace. And its not merely just about staying current with industry trends.
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