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Otter.ai raises $320M from General Catalyst for enterprise growth

Otter.ai has raised $320 million in growth financing from General Catalyst’s Customer Value Fund. The AI meeting notetaker announced the deal on Tuesday. It will use the money for enterprise growth, its go-to-market strategy, international expansion and product development. Otter says more than 40 million people now use its product. That includes teams at over […]

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Homebase’s new AI assistant fills shifts for small business owners

Homebase, which makes scheduling and payroll software for hourly teams, has launched Homebase Assistant. The AI tool finds and contacts staff to cover missed shifts, builds schedules, screens job candidates and flags timecard errors before payroll. It is available to a limited number of businesses, and pricing has not been disclosed. Homebase, which makes scheduling […]

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Amazon will hire 300,000 for the holidays as other retailers hold back

Amazon plans to hire more than 300,000 US workers for the holiday season, up 20% from last year, with seasonal staff paid an average of $20 an hour. It is adding health cover for seasonal workers who stay into January. Overall US seasonal retail hiring is forecast to fall again. Amazon plans to hire more […]

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ByteDance, Alibaba and Tencent order $35bn of Nvidia chips, Reuters reports

ByteDance, Alibaba and Tencent have ordered more than 3 million of Nvidia’s RTX PRO 5500 graphics cards. Their combined sticker price is over $35bn. Reuters reported the orders on Tuesday, citing two people familiar with the matter. TNW has not independently verified the report. Nvidia has told customers and partners it cannot guarantee it will […]

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Apple to buy up to $100M of US titanium for the iPhone Duo

Apple will buy up to $100M of titanium from Perryman, a family-owned producer in Pennsylvania, over the next three years, the company announced. The metal will be used in several Apple products, including the casing of the iPhone Duo, its first foldable phone. The deal is part of Apple’s push to source more parts in the […]

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Qualcomm reportedly plans global job cuts after annual staff reviews

Qualcomm plans to cut jobs around the world after its yearly staff reviews, with affected employees due to be told from November. Chief executive Cristiano Amon set out the plan to staff on Monday, according to an internal memo seen by Reuters. The memo calls the move a “performance-focused reduction” but gives no number of jobs. Reuters […]

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AstraZeneca and Oracle team up on AI to find patients for drug trials

AstraZeneca and Oracle will use AI and real patient health data to find people for drug trials faster, the two firms announced. The deal adds to a long list of AI health tie-ups between drugmakers and tech companies. The pair signed a non-binding term sheet, so the terms are not yet final, and neither firm said or […]

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Nscale and Anthropic reportedly in talks over second $45bn deal

Nscale is negotiating to sell Anthropic about $45bn more in AI computing capacity, two months after the two companies agreed to a deal of the same size. Bloomberg reported the talks, citing people familiar with the matter. A deal could be signed within days, although the terms may still change. Both companies declined to comment […]

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OpenAI reportedly races to close $30bn round before Anthropic’s IPO

OpenAI is trying to speed up a funding round of about $30bn to secure investor commitments before Anthropic lists its shares in mid-November. The round could value the ChatGPT maker at more than $ 1.4 trillion. Reuters reported the plan on Monday, citing two people familiar with the matter. OpenAI and SoftBank declined to comment […]

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