Andreessen Horowitz Defends Hiring Daniel Penny

Partners at Andreessen Horowitz, the blue-chip venture capital firm in Silicon Valley, defended to investors their decision to hire Daniel Penny, a Marine veteran acquitted on a charge of criminally negligent homicide last year, according to an internal memo viewed by The New York Times. Andreessen Horowitz, the memo said, is most likely the largest…

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Klarna’s CEO says it stopped hiring thanks to AI but still advertises many open positions

Klarna CEO Sebastian Siemiatkowski recently told Bloomberg TV that his company essentially stopped hiring a year ago and credited generative AI for enabling this massive workforce reduction. However, despite Siemiatkowski’s bullishness on AI, the company is not relying entirely on AI to replace human workers who leave, as open job listings — for more humans…

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Microsoft faces UK antitrust probe after hiring Inflection AI founders and employees

Microsoft is facing a full regulatory probe in the U.K. after the tech giant hired the core team behind Inflection AI, a U.S.-based OpenAI rival in which Microsoft had previously invested. The Competition and Markets Authority (CMA) today announced that it’s launching a “phase 1” merger inquiry, which kicks off a 40-working day investigative period where…

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