Fearless Fund has made a big move since it settled a lawsuit with the American Alliance for Equal Rights (AAER). The firm announced on Thursday a seven-figure investment into the e-commerce platform Zimi, co-founded by Audrey Djiya and Peter Nsaka. Zimi offers inventory management, handling and storage, and border logistics specifically to help businesses in […]
A comprehensive list of 2024 tech layoffs
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized […]
Anthropic CEO goes full techno-optimist in 15,000-word paean to AI
Anthropic CEO Dario Amodei wants you to know he’s not an AI “doomer.” At least, that’s my read of the “mic drop” of a ~15,000 word essay Amodei published to his blog late Friday. (I tried asking Anthropic’s Claude chatbot whether it concurred, but alas, the post exceeded the free plan’s length limit.) In broad […]
Researchers question AI’s ‘reasoning’ ability as models stumble on math problems with trivial changes
How do machine learning models do what they do? And are they really “thinking” or “reasoning” the way we understand those things? This is a philosophical question as much as a practical one, but a new paper making the rounds Friday suggests that the answer is, at least for now, a pretty clear “no.” A […]
Here’s the full list of 39 US AI startups that have raised $100M or more in 2024
For some, AI fatigue is real — but clearly venture investors haven’t grown tired of the category. AI deals continued to dominate venture funding during the third quarter. AI companies raised $ 18.9 billion in Q3, according to Crunchbase data. That figure represents 28% of all venture funding. The third quarter also saw the close […]