Stability AI laid off several employees to "right-size" the business after a period of unsustainable growth, according to an internal memo obtained by CNBC.
Arjun Mohan, CEO of Byju’s India, and a confidante of founder Byju Raveendran, is leaving the firm in little over six months after taking over the role, sources aware of the matter said.This is a significant top-level departure deepening the crisis at the troubled edtech firm at a time when Raveendran is grappling with multiple issues that have plagued the company for the past year. Raveendran, sources said, will now take over control of day to day operations for the India business–housed under...
Verizon CEO Hans Vestberg highlighted the transformative potential for employing AI and generative AI across the operator’s network and for personalisation of tariffs as he discussed the operator's performance during Q1.
An AI start-up linked to work on generative AI by AWS faced troubled times, with reports it was cutting staff a matter of weeks after its CEO departed.
London-based AI unicorn Stability has laid off about a tenth of its workforce as part of a “strategic plan to reduce” costs just weeks after the departure of its founder and CEO. The layoffs, affecting around 20 staff, were announced by Stability in a company-wide memo on Wednesday evening, first published by Business Insider. The […]
Atlassian co-founder Scott Farquhar unexpectedly resigns - By Brett Lackey for Daily Mail Australia and NCA NewsWire Published: 6:20 p.m. EDT, April 25, 2024 | Updated: 7:39 p.m. EDT, April 25, 2024 The co-chief executive of Australia's largest technology company has resigned more than two decades after the company was founded.Atlassian announced that Scott Farquhar will step down when it...
Satisfaction with the AI overviews is increasing and Google will continue to evolve the experience this year, according to Sundar Pichai.
Sam Altman, CEO of OpenAI, addressed an audience of over one thousand people about his vision for the future of AI and its implications on society.
The CEO of Google’s AI division DeepMind Demis Hassabis reportedly the company was likely to spend north of $100 billion developing artificial intelligence technology.
Founder of the edtech company Think and Learn, which owns the Byju's brand, Byju Raveendran will handle the firm's day-to-day operations following the resignation of CEO Arjun Mohan.
The grim prediction comes from K Krithivasan, head of Indian IT giant Tata Consultancy Services (TCS). The second-largest company in India by market cap, it has more than 616,000 employees worldwide.Read Entire Article
AI-powered sustainable real estate analytics firm Infogrid has appointed the co-founder of US climate tech unicorn Arcadia as its new CEO. Kate Henningsen will take over as CEO of London-based Infogrid, which last year closed a £72.4m Series B round. Henningsen launched Arcadia in 2015 and served as the firm’s COO for nine years. During […]