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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.

More than 500 people will be affected by the closures. “We must refocus on our core business,” Porsche CEO and executive chair Michael Leiters said in a statement. "This is the indispensable foundation for a successful strategic realignment. This forces us to make painful cuts — including our subsidiaries."

The VC firm, which focuses on mothers as consumers, raised a $10 million debut fund.

The National Highway Traffic Safety Administration has opened an investigation into Avride after identifying more than a dozen crashes and one minor injury.

A report by Poland’s top intelligence agency accused Russia of sabotage and hacking activities against the country’s military and civilian infrastructure.

Former cybersecurity executive Peter Williams stole several surveillance and hacking tools and sold them for $1.3 million to a Russian broker that works with Putin’s government.

The initial set of files housed on the site will include those containing unidentified anomalous phenomena (UAP) videos, photos, and original source documents from across the entire U.S. government. The materials have been reviewed for security purposes, but many have "not yet been analyzed for resolution of any anomalies," the Department's statement read.

Truecaller's ad revenue declined by 44%, leading to the layoffs.

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After years of hints and preparation, Lime plans to enter the public markets. The company intends to list on ​Nasdaq under the ticker symbol "LIME." Lime did not share terms of the offering.

PJM Interconnection — which oversees the grid for some of the densest data center developments on Earth — wants to overhaul itself. Not everyone thinks it's up to the task.

Airbnb also said its customer support AI bot now handles 40% of issues without escalating to a human agent.

Like many AI companies automating work that humans currently do, Basata will eventually face a harder question about where the line is between augmenting workers and displacing them. For now, the founders say the administrative staff they work with aren't worried about that; they're more worried about drowning.

The company is reportedly in talks to raise another $750 million at a pre-money valuation of more than $40 billion. It last raised in November at $32 billion.

The new features could be handy for customer service systems, but OpenAI says they have applications that work across a variety of other fields, including education and creator platforms.

The company made a series of other announcements during earnings, including a new commercial contract, a pilot program in Canada, and a collaboration.

Disney CEO Josh D'Amaro, who took over for Bob Iger earlier this year, has emphasized his intent to streamline the Disney experience.

AI startup Pit is led by the co-founders of European scooter giant Voi and backed by a16z, which is leading the startup’s $16 million seed round.

The cybercrime group ShinyHunters claimed to have hacked Instructure again, defacing the login pages of several Instructure customer schools with an extortion message.