Finance Mar 30, 2023

Roku to Lay Off 200 Employees in Second Round of Job Cuts to Reduce Expenses

Streaming device maker Roku is laying off around 200 employees, or 6% of its workforce, as part of a plan to reduce operating expenses and prioritize high return-on-investment projects. The company will incur approximately $30 to $35 million in non-recurring charges related to severance costs, notice pay, and other related costs related to the exit and sublease of certain office space. This is the second round of layoffs for Roku, which had laid off 200 U.S. employees in November 2021. Roku beat its own revenue expectations in its Q4 2022 earnings, reporting $867.1 million in total net revenue and 70 million active accounts worldwide.

Tech Mar 30, 2023

Apple’s Worldwide Developers Conference set for June 5th

Apple's annual Worldwide Developers Conference (WWDC) will take place from June 5th to June 9th, with an in-person experience at Apple Park on the first day of the show. The event will primarily be held online and is expected to showcase the company's latest operating systems for iOS, iPadOS, macOS, watchOS, and tvOS, as well as potential new hardware such as the rumored Apple Silicon Mac Pro or 15-inch MacBook Air. Apple fans and tech enthusiasts eagerly await the event, which is set to be the company's "biggest and most exciting yet."

Tech Mar 29, 2023

Hourly worker rewards platform Salt Labs secures $10m in pre-seed funding

Salt Labs has raised $10 million in pre-seed funding for its rewards platform aimed at hourly workers. The platform allows contract workers to earn rewards for every hour worked and redeem them for goods and experiences. Salt Labs aims to modernize the total rewards structure for frontline workers and better align enterprises' long-term interests with those of their workers.

Education Mar 25, 2023

Nigerian Civil Servant Wins N3m at 2022 Innovation Challenge

The Federal Government of Nigeria rewards innovative civil servants at the 2022 Innovation Challenge. Iluromi Emmanuel, a teacher at the Federal Science College, Orozo, Abuja won the N3 million grand prize for developing a technology that tracks fuel usage in vehicles. Read more about the award ceremony and the winners here.

Tech Mar 24, 2023

The Untold Story: How Elon Musk Tried To Take Over OpenAI

Elon Musk's failed attempt to take over ChatGPT creator OpenAI in 2018 led to a significant shift in the company's direction, with Microsoft becoming a major partner and altering the landscape of AI research and product development.

Entertainment Mar 22, 2023

SEC Files Civil Charges Against Tron Founder Justin Sun and Eight Celebrities

The Securities and Exchange Commission (SEC) has filed civil charges against Tron founder Justin Sun and eight celebrities, including Lindsay Lohan, Jake Paul, and Soulja Boy. The SEC alleges that Sun engaged in market manipulation and the unregistered sale of securities involving his crypto assets TRX and BTT. Meanwhile, the celebrities are being charged with not disclosing that they were paid to promote the cryptocurrency. The charges have resulted in over $400,000 in settlements, and SEC Chair Gary Gensler warns of the risks that investors face when crypto asset securities are offered and sold without proper disclosure.

Tech Mar 14, 2023

MakerSuite and PaLM API: Google’s Latest Offerings for Generative AI Development

Google has introduced new APIs and products for generative AI that make it easy, safe, and scalable to build with the company's best AI models. Google Cloud users and developers can now try new APIs and products to prototype generative AI applications safely and easily. In Google Workspace, new features have been introduced to help people harness the power of generative AI to create, connect and collaborate.