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IT leaders: What’s the gameplan as tech badly outpaces talent?

CIO

Hiring AI talent US IT staffing firm Motion Recruitment found that AI engineers saw over a 12% growth in salaries compared to a year ago, and mid-level workers saw a 20% increase. And with all the competition for AI talent, some companies are taking a different approach to recruiting.

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Activeloop snags $5M seed to build streaming database for AI applications

TechCrunch

Davit Buniatyan, founder and CEO at the company says the company developed out of research he was doing at Princeton where saw the need for a streaming database of unstructured data like images and video specifically designed for AI use cases. The company has 15 employees so far and is looking to hire around half a dozen high-end engineers.

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54gene valuation slashed by over $100M amid job cuts and CEO exit

TechCrunch

In August, it sacked 95 employees , mostly contract staff (in labs and sales departments) hired to work in 54gene’s COVID business line launched in 2020. In September, co-founder and VP of Engineering Ogochukwu Francis Osifo left the company. It’s been a strange couple of months at African genomics startup 54gene.

Biotech 229
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HiddenLayer emerges from stealth to protect AI models from attacks

TechCrunch

Sestito, the former director of threat research at Cylance and VP of engineering at Qualys, co-founded the company several months ago with Tanner Burns and Jim Ballard. “Adversarial machine learning attacks are not loud like ransomware — you have to be looking for them to catch them in time,” Sestito said.

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‘How can you understand life if you don’t look at it live?’ — Eikon Therapeutics rakes in $518M

TechCrunch

We certainly see its ability to give us a unique advantage in finding new biology.”. This process is being overseen by some of the best in the business: namely Roger Perlmutter, former president of Merck Research Laboratories, who announced his retirement from Merck in 2020. In a press release, John Hall, an investment analyst at T.

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TechCrunch+ roundup: Cell-cultured meat, alternative financing, avoiding tech debt

TechCrunch

In a deeply researched report for TechCrunch+ , reporter Christine Hall examined the state of the cell-cultured meat industry and identified many of the startups innovating in the sector, along with the challenges they face when it comes to ramping up production and getting regulators and consumers on their side.

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Nana nabs $6M for an online academy and marketplace dedicated to appliance repair

TechCrunch

Founder and CEO David Zamir is not actually an Uber alum, but one of his first employees, VP of Engineering Oliver Nicholas, is an early Uber engineer, and the company has also found a lot of traction of Uber drivers this year, after many found themselves out of work after the chilling effect that the pandemic had on ridesharing.