Business
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ICON Cuts 25 Percent of Workforce in Strategic Workforce Realignment
ICON Technologies Inc., known for its 3D-printed homebuilding technology, is reducing its workforce by 25%. The Austin-based company confirmed the layoff of 114 employees in a statement following a WARN notice filed with the Texas…
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Former Huami Employees Launch SATELLAI Satellite Pet Tracker at CES 2025
SATELLAI, a new player in pet tech, unveiled a satellite-connected pet tracker and smart collar at CES 2025. Designed for dog owners, the products feature advanced location tracking, health monitoring, and AI-powered guidance through a…
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California Mayor Sues Flock Safety Over Wrongful Termination Allegations
Flock Safety, a prominent surveillance startup known for its license plate recognition technology, is under scrutiny after hiring a sitting California mayor and subsequently being sued by him. Mayor Ulises Cabrera of Moreno Valley, a…
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Elon Musk’s xAI Secures $6 Billion in Series C Funding
Elon Musk’s artificial intelligence venture, xAI, has raised $6 billion in a Series C funding round, nearly doubling its valuation to $45 billion. The round attracted participation from major players, including Andreessen Horowitz, BlackRock, Fidelity,…
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Electric Aircraft Startup Lilium Shuts Down Amid Insolvency Struggles
Lilium, a German startup that once led the charge in electric aircraft innovation, has ceased operations and laid off approximately 1,000 workers. After nearly 11 years of development and raising over $1 billion in funding,…
