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E-commerce company Kaspien, previously known as Etailz, is shutting down and laying off staff

GeekWire

Kaspien/LinkedIn Photo) Kaspien Holdings , a publicly traded company that helps online brands boost sales on Amazon and other e-commerce platforms, is closing up shop. Earlier this month the company said it planned to lay off its workforce with the exception of a “core group of employees” by the end of January. 28, down 9.3%

Company 108
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Chip shortages push hyperscalers to build their own

Network World

Proprietary AI chips To counteract this trend, genAI companies – including not only Google and Amazon but also Meta and Microsoft – are charging to market with significant investments in their own proprietary chip technologies to run genAI-driven workloads, Valle said.

Microsoft 160
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Zoom sets sights on AI development as it posts fourth-quarter loss

Computerworld Vertical IT

Videoconferencing company Zoom is pinning its growth plans on investment in AI, after reporting its first fourth quarter net loss since 2018. Online revenue was also down 10% year over year to $481.7 million.

.Net 64
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Vancouver, Wash. biotech company Absci files to go public

GeekWire

based company developing technologies to accelerate the process of drug discovery, announced today that it plans to go public via an IPO. The company’s platform is built to design and generate protein-based drug candidates and help screen them for optimal functioning. The company took in $1.1 Net losses were $14.4

Company 124
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Absci shares spike 30% in IPO debut, valuing Washington state biotech company at nearly $2B

GeekWire

-based biotech company made its debut as a public company. The company is now valued at nearly $2 billion. Absci, which is developing technologies to accelerate drug discovery, is riding a wave of biotech IPOs. Absci CEO Sean McClain started the company in 2011 in a basement lab in Portland, Ore., of the company.

Company 124
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Amazon reveals first 5 companies to receive investments from its $2B Climate Pledge Fund

GeekWire

Amazon on Thursday announced the first five companies selected to receive investments from its Climate Pledge Fund , a $2 billion initiative revealed in June to support innovations that will help the Seattle-based cloud computing and online shopping behemoth reduce its carbon emissions.

Company 140
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How Trainline’s CTO stays on track with professional development

CIO Business Intelligence

Few would swap sunny San Francisco and the innovation of Silicon Valley for a train ticketing company serving disgruntled UK commuters, but try telling that to Trainline CTO, Milena Nikolic. By 2018, the Trainline platform was hosting more than 80 million customer visits a month, with more than 80% coming through mobile devices.