DEEPL CUTS 25% OF STAFF AMID AI SHIFT
DeepL, the German translation startup, is laying off approximately one-quarter of its workforce. CEO Jarek Kutylowski attributed the cuts to a "massive structural shift" driven by artificial intelligence.
■ MORE FROM THE STARTUPS DESK
Bumble's paying user base is declining as the dating app prepares a significant redesign later this year. The company is betting that overhauling its core swiping model will convert more matches into actual dates.
Nous Research, an AI agent developer, is securing at least $75 million in new funding at a $1.5 billion valuation. Robot leads the round with participation from Union Square Ventures and other investors.
General Fusion completed its Nasdaq debut through a reverse merger, becoming the first publicly traded fusion company. The listing marks a milestone for the Canadian firm pursuing commercial fusion energy.
Richard Sutton, the 2024 Turing Award recipient and pioneer of reinforcement learning, has founded Oak Lab in Toronto to develop AI agents capable of continuous learning from their environments.