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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. […]
Microsoft released tools to address security issues with its AI assistant Copilot. Copilot’s indexing of internal data led to oversharing of sensitive company information. Some corporate customers delayed Copilot deployment due to security and oversharing concerns. You know when a colleague overshares at work? It’s awkward at best. Microsoft’s Copilot has been doing an AI […]
Kamala Harris had friends in high-tech places, but it wasn’t nearly enough to secure the presidency. Silicon Valley’s progressive leaders, like Reid Hoffman, Laurene Powell, and Vinod Khosla, raised millions for the Harris campaign, hoping for a Democrat in the White House for the next term. In the aftermath of Donald Trump’s clear win, some of tech’s […]
Rents skyrocketed after the pandemic, and they’re not showing any signs of slowing down. Now, consumers are either moving to different states or downgrading their apartments to save money. Bank of America shares the top eight cities people are moving to for cheaper rent. Thanks for signing up! Access your favorite topics in a personalized […]
MrBeast, the world’s most popular YouTuber, regularly works with brands on sponsorship deals. A recent court filing included six decks MrBeast’s team made to pitch brands like GM, Ford, and LG. The documents show how a creator with hundreds of millions of fans positions himself to sponsors. Thanks for signing up! Access your favorite topics […]
Amazon is testing news with a Brian Williams election-night special on Prime Video. The special touts more than a dozen contributors like James Carville and Shepard Smith. Its executive producer told BI how Amazon plans to strike a nonpartisan tone. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on […]
Legal tech startup Genie AI has secured a $17.8 million Series A from Google and Khosla Ventures. The startup’s CEO, Rafie Faruq, says its AI editing platform can “turn around a contract in minutes.” Check out the 13-slide pitch deck, shared exclusively with BI, that it used to secure the funding. Thanks for signing up! […]