Two Colorado-based companies, Ursa Major and Orbit Fab, have laid off employees as they seek to adapt to a new reality of tight funding environment in the space industry. The layoffs come at a time when the sector is experiencing the lowest period of investment since 2015. The job reductions at Ursa Major and Orbit
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This week, the Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase and Binance for securities violations, causing a selloff in the crypto industry. According to CoinMarketCap, four out of the top 10 coins experienced a plunge in value of at least 15%, leading to crypto investors taking the hint. The selloff was sparked
DocuSign, a company that offers e-signature services, announced a handful of new service offerings and C-suite hires along with an earnings and revenue beat for the fiscal quarter that ended on April 30, 2023. The company’s shares went up by 12% after hours before settling for a 5% gain. In the first quarter of DocuSign’s
Oura, the company that developed the smart ring to monitor biometric data, is introducing new features that focus on social sharing and sleep tracking. The company’s new feature called Circles allows users to create private groups where they can share readiness, sleep, and activity scores. Oura CEO Tom Hale said that this feature is not
The Allen Institute for Brain Science and Amazon Web Services (AWS) have teamed up to create a new resource for neuroscience called the Brain Knowledge Platform. The platform aims to create a complete reference of individual cells in the brain and serve as the world’s largest open source brain cell database. The Allen Institute is
According to lawyers representing Binance and its founder, Changpeng Zhao, Gary Gensler, the current Securities and Exchange Commission (SEC) Chair, offered to serve as an advisor to Binance’s parent company in 2019. The SEC filed documents on Wednesday indicating that attorneys from Gibson Dunn and Latham & Watkins, two of Binance’s law firms, allege that
Instagram’s recommendation algorithms have been promoting and connecting accounts that facilitate and sell child sexual abuse content, a study by Stanford University’s Internet Observatory Cyber Policy Center, the University of Massachusetts Amherst and The Wall Street Journal has revealed. The researchers found that Instagram has a “particularly severe problem” with accounts that show self-generated child
Chris Licht, who led CNN for a little over a year, is no longer with the news network, according to an announcement made by parent company Warner Bros. Discovery on Wednesday morning. The company’s shares rose 7% following the announcement. In the interim, executives Amy Entelis, Virginia Moseley, Eric Sherling, and David Leavy will lead
Sequoia Capital, one of the world’s largest venture firms, has announced that it will be dividing its global partnership into three separate and independent geographic units. The move is aimed at dealing with an “increasingly complex” dynamic that the firm is facing. Local-First Approach According to a joint message delivered to investors by Sequoia partners
Investment in European tech startups is expected to experience a further decrease of 39% this year, according to Atomico, a venture capital firm. Funding for Europe’s venture-backed startups is predicted to decline from $83 billion in 2022 to $51 billion in 2023. The drop in funding is largely due to a retreat from US investors,