Verily is closing its medical device program as Alphabet shifts more resources to AI

Verily is closing its medical device program as Alphabet shifts more resources to AI

Alphabet’s life sciences arm Verily laid off staff and eliminated its entire devices program Monday. CEO Stephen Gillett announced the “difficult decision” to wind down the program in a staff memo, according to Business Insider. “Over the years, Verily has built a legacy in developing world-class, innovative medical devices,” Gillett wrote, noting that the “path…

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Nvidia reportedly halts production on its H20 AI chips

Nvidia reportedly halts production on its H20 AI chips

Beijing may have thrown a wrench into Nvidia’s plans on making a comeback in China’s AI market. Nvidia has instructed its component suppliers to stop production related to its H20 AI chip, according to The Information. The production halt comes after Beijing reportedly warned Chinese companies against using these chips because of potential security issues…

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Meta is shaking up its AI org, again

Meta is shaking up its AI org, again

On Friday, The Information reported that Meta was preparing to tear down its existing AI org and reorganize it into four new groups. Four days later, the change has been made official with an internal memo, as reported by Bloomberg and The New York Times. The changes were announced by Scale AI founder Alexandr Wang,…

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