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EV Startup Lucid Cuts 18% of Workforce, Including Some Executives
Business

EV Startup Lucid Cuts 18% of Workforce, Including Some Executives

The maker of high-end electric cars plans to lay off about 1,300 employees. Source link

Debt Grows More Expensive, Harder to Get for Startups After SVB Collapse
Business

Debt Grows More Expensive, Harder to Get for Startups After SVB Collapse

With Silicon Valley Bank’s future uncertain, startups backed by venture capital looking for new lenders are facing higher borrowing costs, onerous terms or even closed

Databricks Launches ‘Dolly,’ Another ChatGPT Rival
Business

Databricks Launches ‘Dolly,’ Another ChatGPT Rival

Databricks Inc. on Friday launched an artificial-intelligence language model that it says developers can easily replicate to build their own ChatGPT-like apps, joining a field

Companies Big and Small Lose Access to Credit Amid Bank Stress
Business

Companies Big and Small Lose Access to Credit Amid Bank Stress

Markets Finance Treasury market volatility keeps companies on sidelines during normally busy time for corporate debt financings Source link