AWS CEO Matt Garman Wants to Reassert Amazon’s Cloud Dominance in the AI Era
AWS CEO Matt Garman is pushing Amazon to strengthen its cloud leadership through AI advancements, emphasizing infrastructure upgrades and workforce adjustments. Amazon has allocated $50 billion for U.S. government...
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Redwood Materials reportedly cuts 5% of staff after $350M raise
Redwood Materials, a battery recycler and cathode producer, is reportedly reducing its workforce by 5% following a $350 million funding round. The Nevada-based company employs around 1,200 people, impacting...
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Luminar is fighting with its biggest customer as bankruptcy threat looms
Luminar, a lidar sensor company, faces escalating tensions with its major client Volvo after the automaker canceled a five-year-old contract. The dispute comes as Luminar struggles with financial instability,...
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Cybersecurity firm Deepwatch lays off dozens, citing move to ‘accelerate’ AI investment
A cybersecurity company named Deepwatch has recently laid off several employees, citing the need to focus on AI development. The CEO of the company mentioned that the decision was...
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