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Startup

Home » Startup » Page 2
Posted inStartup

Cruise, GM’s Self-Driving Arm, Announces Significant Job Cuts Cruise's Job Cuts Amid Safety Concerns and Regulatory Scrutiny

Cruise, the self-driving vehicle business majority-owned by General Motors (GM), has revealed plans to cut 900 jobs, amounting to 24% of its workforce. This announcement comes amid increased scrutiny from…
Posted by cepat December 15, 2023
Posted inStartup

Myntra Records 60 Million Monthly Users and Strategic Triumphs Unprecedented Success

In a remarkable achievement, Myntra, the prominent fashion e-commerce platform, has attained an astounding milestone of 60 million monthly active users during the festive season, as disclosed in a statement…
Posted by cepat December 14, 2023
Posted inStartup

Etsy Implements Workforce Reduction Amidst Low Sales Etsy's Workforce Reduction Decision

In a move to address challenging economic conditions, online retail platform Etsy has announced the layoff of 225 employees, constituting approximately 11% of its workforce. The decision was communicated to…
Posted by cepat December 14, 2023
Posted inStartup

FCC Reaffirms Denial of $900 Million Subsidy to SpaceX’s Starlink FCC Stands Firm on Starlink Subsidy Denial

In a recent development, the U.S. Federal Communications Commission (FCC) has upheld its 2022 decision to deny SpaceX’s Starlink, the satellite internet unit, a substantial $885.5 million subsidy intended for…
Posted by cepat December 13, 2023
Posted inStartup

Rival Prank: Anthropic Sends Thousands of Paper Clips to OpenAI Offices

Anthropic, a major competitor of OpenAI, pulled off an elaborate prank targeting the AI giant. The stunt involved inundating OpenAI’s San Francisco offices with thousands of paper clips meticulously shaped…
Posted by cepat November 23, 2023
Posted inStartup

Bullish Acquires CoinDesk in All-Cash Deal, Marking a Significant Move in Crypto Media Landscape

On Monday, Bullish, the crypto exchange led by former New York Stock Exchange President Tom Farley, revealed that it had successfully acquired CoinDesk in an all-cash transaction. This strategic acquisition…
Posted by cepat November 20, 2023
Posted inStartup

Edtech Giant PhysicsWallah Implements Workforce Optimization Amidst Expansion Strategy

PhysicsWallah (PW), the ed-tech sector giant, has recently initiated a restructuring process, resulting in 120-150 employees being downsized. This is the first instance of layoffs at the company. The strategic…
Posted by cepat November 19, 2023
Posted inStartup

Elon Musk Threatens “Thermonuclear Lawsuit” Against Media Watchdog Amid Ad Exodus on X Allegations of Antisemitic Content Prompt Major Brands to Suspend Advertisements

Tesla and SpaceX CEO Elon Musk has declared his intention to file a “thermonuclear lawsuit” against Media Matters for America, a US media watchdog. This follows the watchdog’s claims that…
Posted by cepat November 19, 2023
Posted inStartup

OpenAI Navigates Unprecedented Leadership Turmoil as Sam Altman Considers a Comeback

A Leadership Shake-up Emerges Sources close to former OpenAI CEO Sam Altman have disclosed that the OpenAI board is currently engaged in discussions with Altman, just one day after his…
Posted by cepat November 19, 2023
Posted inStartup

Major Shift in OpenAI Leadership as CEO Sam Altman Departs Amid Resignations

As per Reuters, three high-profile researchers at OpenAI—Jakub Pachocki, Aleksander Madry, and Szymon Sidor—have reportedly stepped down from their roles in a surprising development. This move comes shortly after the…
Posted by cepat November 18, 2023

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