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Two Sigma laid off 200 employees Thursday, 10% of the $60 billion firm’s workforce. The hedge fund is run by co-CEOs Carter Lyons and Scott Hoffman, who took over for Two Sigma’s billionaire cofounders in September. The firm is planning to continue to invest in its core strategies, a person close to the manager said. […]
Calling all architects, landscape architects and interior designers: Architizer’s A+Awards allows firms of all sizes to showcase their practice and vie for the title of “World’s Best Architecture Firm.” Start an A+Firm Award Application today. Since its launch in 2016, PMT Partners has swiftly become a standout in architecture and interior design. This year, the […]
Meta, the parent company of WhatsApp, is planning to contest a Rs 213.14-crore fine imposed by the Competition Commission of India (CCI) for alleged anti-competitive practices linked to WhatsApp’s 2021 privacy policy update, according to news agency PTI. The penalty comes alongside directives for the company to stop anti-competitive behaviour and implement specific remedies within […]
This is How I Got Here, a series where we chart the career journeys of technologists. Want to tell your story? Get in touch. Most of Andrew Orr’s life has been dedicated to the growth and success of Penna Flame, the flame-hardening manufacturing company his grandfather started in 1968. In middle school, Orr cleaned offices, shoveled rocks […]
In the face of ongoing legal and political threats toward programs addressing inequality, a global VC firm opened a new fund to support underresourced entrepreneurs — and chose DC as the place to do so. Portfolia, a San Mateo, California-headquartered firm, on Tuesday launched its 14th fund that specifically caters to founders investors typically overlook, […]
Malaysia’s religious affairs authority on Thursday accused a conglomerate under investigation for child abuse and money laundering of deploying “elements of slavery” in the way it operates its businesses. Nooh Gadot, an official at the National Council for Islamic Religious Affairs, said this was among the reasons why the teachings and beliefs propagated by GISB […]
Power Moves is a recurring series where we chart the comings and goings of talent across the region. Got a new hire, gig or promotion? Email us at dc@technical.ly. A major presidential election and contested congressional races may have been the biggest stories in and around the nation’s capital last month, but that didn’t stop the region’s […]
Abu Dhabi has committed to investing tens of billions of dollars into AI and has tied up with Microsoft and Nvidia as part of its goals to invest in a future beyond crude. ABU DHABI: One of Abu Dhabi’s newest state-backed investment companies is looking at dozens of potential new deals as it plans to […]
Apache Apache said changes to windfall tax make production in the North Sea “uneconomic” A US oil firm has said it will end all its operations in the North Sea by the end of 2029, blaming the impact of the windfall tax. Apache said recent confirmation in the Budget that the windfall tax on oil […]
Article content A new hacking group that breached the systems of a French multinational corporation has given the firm until Thursday to cough up the ransom dough: $125,000 USD worth of baguettes. On Monday, Hellcat, a new cybercrime enterprise of which little is known, posted to its dark web ransomware leak site that it had […]