Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high
CloudFlare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn’t need as many support roles.
Porsche shutters e-bike, battery, software subsidiaries as part of company overhaul
More than 500 people will be affected by the closures.
Mother Ventures is looking at moms as the ‘economic engine’
The VC firm, which focuses on mothers as consumers, raised a $10 million debut fund.
Uber partner Avride is under investigation for self-driving crashes
The National Highway Traffic Safety Administration has opened an investigation into Avride after identifying more than a dozen crashes and one minor injury.
Poland says hackers breached water treatment plants, and the U.S. is facing the same threat
A report by Poland’s top intelligence agency accused Russia of sabotage and hacking activities against the country’s military and civilian infrastructure.