Dataminr, the $4B big data startup, is laying off 20% of staff today, or 150 people, as it preps to double down on AI

  It’s a tough day for Dataminr, the New York-based big data unicorn last valued at $4.1 billion. TechCrunch has learned that the company — which AI and big data algorithms to provide predictive insights about news and other global events, is laying off about 20% of staff today, or around 150 people. It cites … Read more

The best Cyber Monday deals you can still get

  Illustration by Aaron Fernandez for The Verge Leftovers often get a bad rap, but this small buffet of lingering Cyber Monday deals is just as appetizing as when the deals were fresh. Black Friday and Cyber Monday brought deep discounts across a manner of tech devices, from phones and wearables to video games and … Read more

Candex lands $45M infusion to grow its procurement management business

  Candex, a startup that aims to simplify procurement — specifically vendor management and payment processes — for businesses, today announced that it raised $45 million in a Series B investment led by Goldman Sachs with participation from WiL (World Innovation Lab), Altos, NFX, Craft, JP Morgan, American Express and Edenred. The tranche brings Candex’s … Read more

AWS brings Amazon One palm-scanning authentication to the enterprise

  Amazon’s cloud computing subsidiary AWS (Amazon Web Services) has lifted the lid on a new palm-scanning identity service that allows companies to authenticate people when entering physical premises. The announcement comes as part of AWS’s annual Re:Invent conference, which is running in Las Vegas for the duration of this week. Amazon One Enterprise, as … Read more

Navigating the Evolving E-Commerce Landscape: The Rise of 3P Selling

  In the ever-evolving landscape of e-commerce, it’s evident that the last decade has witnessed a remarkable expansion. A paradigm shift in consumer shopping habits has transformed how we engage with products and services. From the convenience of online grocery shopping to the experience of trying on apparel within the confines of our homes, the e-commerce … Read more

Instagram reportedly served up child-sexualizing reels to followers of teen influencers

  Following X’s alleged ad controversy involving antisemitic content, it is now Meta’s turn to be put under the spotlight for its content algorithm. According to an experiment conducted by The Wall Street Journal, Instagram’s Reels video service would serve “risqué footage of children as well as overtly sexual adult videos” to test accounts that … Read more

Apple partner Foxconn to invest $1.5 billion in India

  Foxconn plans to invest $1.54 billion in India, the latest in its growing expansion plan, following a surge in revenues in the South Asian market. Foxconn said in a stock exchange filing that the investment will help it fulfil “operational needs.” The investment comes two months after the Taiwanese firm said it plans to … Read more

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