Business

Intuit Inc. Lays Off 1,800 Employees Only to Rehire in AI and Customer Roles

Key Takeaways: - Intuit Inc. announces a layoff of 1,800 employees, equal to 10% of its entire workforce - The layoffs come as the company intends...

Tech Roundup: Microsoft Lay-offs, Bezos Steers from Washington, EV Cable Thefts Up

Key Takeaways: - Microsoft conducts a new round of employee layoffs. - Jeff Bezos continues to sell Amazon stock after announcing his departure from Washington and...

Infinite Reality Bags $350M Funding, Boosts Valuation to $5.1B, and Acquires Landvault

Key Takeaways: - Metaverse platform company, Infinite Reality, raised $350 million in a new funding venture, pushing its valuation to $5.1 billion. - Infinite Reality announced...

Seattle’s Gig Economy: DoorDash and Uber Seek Council Solution for Pay Law Dispute

Key Takeaways: - DoorDash and Uber advocate for legislative change regarding minimum pay law for food delivery drivers in Seattle. - There's a proposal to reduce...

KarmaCheck Scoops $45M to Boost Development and Market Expansion

Key Takeaways: - KarmaCheck secured $45 million in new funding for the development of its technology platform. - The company plans to use the investment to...

Orby AI Bags $30 Million Funding to Boost Business Automation with Generative AI

Key Takeaways: - Orby AI, a generative AI-driven firm, has secured $30M in Series A funding. - The funding initiative involves New Enterprise Associations, Wing VC,...

The Aftermath of California’s Film and TV Tax Incentive: A Deep Dive into Amazon’s Approach

The turf of Hollywood, the heartland of global entertainment, has become the epicenter of a major fiscal shake-up. At its core is California's new...

FloQast Acquires $100M Funding for AI Expansion: Aims for Unicorn Tag

Key Takeaways: - FloQast, an accounting and financial operations startup, closed a $100 million late-stage funding round. - The company plans to use the funds to...