Monday, January 13, 2025
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Startup Spotlight

Automattic cuts WordPress contribution hours, blames WP Engine

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Automattic, the company that runs WordPress.com, is scaling back its contributions to the WordPress open-source project, according to an announcement on Thursday. The company...
Tech for Business

ICON, a builder of 3D printed homes last valued around $2 billion, cuts about 25% of staff

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ICON Technologies Inc., which builds homes using 3D printing, is laying off 114 people, according to a WARN letter filed with the Texas Workforce...
Tech for Business

Grove cuts clinical trial enrollment time with AI

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Tran Le was an engineering student at Stanford University when she tried to enroll in a clinical trial for her chronic condition. Although she...
Tech for Business

Gupshup investor cuts value of its stake again, implying new valuation of $486M

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Asset management firm Fidelity slashed the estimated worth of its stake in business messaging platform Gupshup by another 7.7% last month, lowering the value...
Tech Innovations

Stubborn Inflation Jeopardizes Additional Fed Rate Cuts for 2025

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The Federal Reserve cut interest rates by a quarter percent Wednesday, as widely expected, but set a cautious course for lower interest rates in...
Tech Innovations

Stubborn Inflation Jeopardizes Additional Interest Rate Cuts for 2025

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The Federal Reserve cut interest rates by a quarter percent Wednesday, as widely expected, but set a cautious course for lower interest rates in...
Tech Innovations

The Fed Cuts Interest Rates Tomorrow. Will You Notice a Difference in Your Finances?

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It's the end of the year, so no one wants to hear about interest rates, right? In fact, the holidays are when many of us...
Market Dynamics

General Motors Cuts Funding to Cruise, Nixing Its Robotaxi Plan

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Since General Motors acquired the San Francisco self-driving-tech developer Cruise in 2016, the Detroit automaker has poured more than $8 billion into creating a...
Tech for Business

Honda cuts funding to robotaxi venture with Cruise and GM in Japan

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Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now that GM...
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