General Motors has announced a significant shift in its autonomous driving strategy, ending its funding for Cruise, a self-driving car startup it acquired in 2016. The move will see Cruise absorbed into GM, with its technology being combined with the automaker’s own efforts to develop driver assistance features and fully autonomous personal vehicles. The decision…
startups on The Soothsayer / page 2
The tech industry has been hit with a wave of layoffs in 2024, with over 130,000 job cuts across 457 companies. Major players like Tesla, Amazon, Google, and Microsoft have all conducted significant layoffs, while smaller startups have also been impacted. The layoffs are a result of a combination of factors, including economic uncertainty, increased…
Researchers at the King Abdullah University of Science and Technology (KAUST) have made a significant breakthrough in X-ray imaging by developing a new detector using cascaded single-crystal devices. This innovation has the potential to reduce radiation exposure while maintaining excellent image quality, paving the way for improved clinical X-ray imaging and various applications that require…
Anthropic, a leading AI startup, has secured an additional $4 billion from Amazon, solidifying their partnership and cementing Amazon’s position as a minority investor. The deal requires Anthropic to train its flagship generative AI models primarily on Amazon Web Services (AWS), Amazon’s cloud computing division. This strategic move is expected to accelerate the development of…
The biopharma industry is in need of talented minds to take promising pipelines to the clinic and beyond. Venture capitalists have nominated prominent founders and entrepreneurs in the biotech industry who are committed to bringing potentially life-changing treatments to market. These entrepreneurs have proven their expertise in hitting milestones, be it in the lab or…
The tech industry is experiencing a significant wave of layoffs, with over 130,000 job cuts across 457 companies in 2024 alone. Major players like Tesla, Amazon, Google, and Microsoft have all conducted sizable layoffs in the first months of the year. Smaller startups have also seen significant cuts, with some even shutting down operations altogether….
OpenAI, a leading artificial intelligence startup, has lost another top researcher, Lilian Weng, who served as Vice President of Research and Safety. Weng’s departure marks the latest in a string of AI safety researchers and executives who have left the company in the past year, raising concerns about OpenAI’s focus on commercial products over AI…
Lithuania’s life sciences industry is experiencing a significant boom, with over 550 biotech companies and a growing number of startups. The country is home to several promising ventures, including Atrandi Biosciences, Biomatter Designs, CasZyme, Delta Biosciences, Genie Biotech, and Vital3D, which are pushing the boundaries of protein engineering, gene editing, and microfluidics. This growth is…
The biotech industry in Europe is experiencing significant growth, with numerous trends shaping the sector. A list of top European biotech companies that have received sizable seed funding in the past year has been compiled, highlighting companies that are directing funds towards research and development (R&D) programs in various therapeutic areas. The industry is witnessing…
In a recent presidential election, two AI startups, xAI and Perplexity, attempted to provide accurate, real-time information to the public. While xAI failed miserably, Perplexity successfully offered helpful insights and maps, linking to reliable resources and providing historical context. This achievement sets Perplexity apart from other AI chatbots, such as OpenAI’s ChatGPT, which refused to…
