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Layoffs typically evoke concern and support for the employees affected, yet the impact on recruiters, who are often let go as well, receives little attention. In the significant layoffs across tech firms during 2022 and 2023, many companies slashed their recruitment teams by up to 50%.

European Union lawmakers have engaged in over 20 hours of intense negotiations in their efforts to regulate artificial intelligence (AI). A preliminary agreement has been reached concerning a contentious aspect: the rules for foundational models and general-purpose AI (GPAI), as revealed in a leaked proposal.

Mobile app developers, including notable names like Patreon and Grammarly, are actively integrating with Gemini Nano, Google's smallest AI model, as announced during the Google I/O 2024 developer keynote on Tuesday. These companies, alongside a select group of developers, have been invited to participate in an early access program launched last year. Google plans to expand access to the Gemini Nano model for more developers in the coming months.

No surprise that YouTube introduced Shorts. A recent study on children's online habits reveals that kids aged 4 to 18 spent an average of 112 minutes daily on TikTok’s short video platform in 2023, slightly up from 107 minutes in the previous year. While YouTube continues to be the leading streaming app for this age group, children devoted 60% more time to TikTok last year. This data comes from a comprehensive study on youth digital media usage, which also looked into children's interactions with emerging technologies like OpenAI’s ChatGPT.

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The OpenAI Startup Fund, a venture capital initiative focused on early-stage AI companies, has recently transferred legal oversight from Sam Altman to Ian Hathaway and successfully secured an additional $5 million, as revealed in a filing with the U.S. Securities and Exchange Commission (SEC).

As deepfakes continue to rise, their potential to mislead and erode trust is increasingly alarming security experts and the general public alike. A recent McAfee survey revealed that a significant 84% of Americans are concerned about the implications of deepfakes in 2024, particularly regarding elections and speeches by public figures.

Arctic Wolf, a leading cybersecurity firm that has secured significant funding exceeding hundreds of millions in debt and equity, has announced its intention to acquire Revelstoke, a developer of a security orchestration, automation, and response (SOAR) platform, for an undisclosed sum.

Balderton Capital, one of Europe's oldest and most prominent venture capital firms, has successfully raised a total of $1.3 billion through two funds: $615 million for Early Stage Fund IX and $685 million for Growth Fund II. This development was met with cautious optimism by various VCs, highlighting a revitalization of European VC after a lackluster couple of years that followed the low-interest rate era and the exuberant bull market of 2021 and 2022.

Several years ago, Daniil Bratchenko, an early employee at DataRobot—an AI and data science platform—identified a persistent challenge faced by enterprises using software-as-a-service (SaaS) applications. Despite having numerous tools available for building integrations between SaaS applications, many of them still struggled to work effectively with one another.

The pharmaceutical research sector is transforming through AI, with startups like Chai Discovery raising significant funding to enhance drug development. Eli Lilly is collaborating with Genetic Leap for gene therapy, reflecting the growing trend. Despite growth, industry layoffs and mergers indicate challenges. AI's future in pharmaceuticals appears promising yet uncertain.