The creator subscription company Patreon is the latest company to be affected by a long line of tech layoffs. CEO Jack Conte wrote in a letter to staff — cross-posted to Patreon’s blog — that 17% of the staff will be laid off. This affects the Go-to-Market, Operations, Finance and People teams. Patreon will also…
Monthly Archives: September 2022
Meta has announced it is handing over its PyTorch artificial intelligence (AI) platform to the Linux Foundation. Created by Facebook in 2016, PyTorch is a deep learning framework that has been used for many AI projects, with an emphasis on machine learning (ML) projects. Ownership of the platform will now be taken over by the…
Speaker of the House Nancy Pelosi, a Democrat from California, has been at the center of Congress’ fight over whether to ban federal lawmakers from trading individual stocks. Drew Angerer/Getty Images A dozen ideologically diverse groups are pushing Congress to ban lawmakers’ stock trades. Ending the year without a “genuinely meaningful prohibition on stock trading”…
Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Using a cash-back credit card can help you offset price increases by…
The metaverse can be considered any mixed-reality realm that, while rooted in real life, lets participants collaborate and transact in immersive virtual spaces via augmented reality and virtual reality (AR/VR) headsets and controllers. The metaverse has the potential to disrupt everything from business travel and the future of work to gaming, health and fitness, entertainment,…
A family sits at a table lit by candles during a power outage. Imgorthand/Getty Images The EU is set to unveil mandatory energy use cuts as its standoff with Russia pushes supply lower. The proposal also includes a tax on oil and gas companies’ extra profits, Bloomberg reported. The plan comes as dwindling supply and…
: Fast food workers and activists demonstrate outside McDonald’s downtown flagship restaurant on July 31, 2014 in Chicago, Illinois. Scott Olson/Getty Images In August, inflation cooled a little, but not as much as economists had forecast. However, there’s a silver lining to prices staying elevated: Raises are on the way for many. In eight states,…
Warren Buffett. Paul Morigi/Getty Images Investors should avoid the S&P 500 in the short term, according to the head of US equity and quantitative strategy at BofA Securities. “If you’re thinking about what’s going to happen between now and let’s say the next 12 months, I don’t think the bottom is in,” Savita Subramanian told…
Cooling towers at Uniper’s coal-fired power plant in Germany. Fabian Strauch/picture alliance via Getty Images Germany pledged €67 billion ($66.9 billion) in funding to assist utility companies, the FT reported. The money will be redeployed from a COVID-19 bailout fund established to help companies avoid insolvency. Gas importers have been forced to pay higher prices…
Republican Senator Lindsey Graham of South Carolina speaks with Senate Minority Leader Mitch McConnell at the Capitol on July 20, 2022. Michael Reynolds/Getty Images GOP Sen. Lindsey Graham introduced a bill that would ban most abortions nationwide after 15 weeks. Mitch McConnell quickly dismissed the bill, saying most GOP senators want the issue left to…