Category: Startups

BusinessStartups

Former Builder.ai Finance Chief Subpoenaed in US Fraud Investigation

The former CFO of Builder.ai has been subpoenaed by US prosecutors investigating the startup’s collapse. Authorities are examining allegations of inflated revenues and questionable accounting practices at the once-valued $1 billion company.

Builder.ai’s Former CFO Subpoenaed in Federal Investigation

Former Builder.ai chief financial officer Andres Elizondo has been subpoenaed by US prosecutors as authorities investigate the circumstances surrounding the collapse of the Microsoft-backed startup, according to reports from the Financial Times. The subpoena reportedly requests Elizondo appear before a grand jury in a Manhattan court for questioning in September.

by Natalie Brooks
StartupsTechnology

LightBox Expo Champions Human Creativity Amid AI Industry Disruption

The LightBox Expo in Pasadena brings together thousands of visual artists and industry professionals for what organizers call the country’s largest celebration of human-driven creativity. This year’s event takes a firm stance against AI-generated art while providing educational opportunities for artists navigating industry challenges.

Major Art Convention Emphasizes Human Creativity

As concerns about artificial intelligence continue to grow within creative fields, over 15,000 artists, students, and fans are reportedly gathering in Pasadena, California for LightBox Expo, described by organizers as the country’s largest celebration of human-made commercial art. According to reports, the event running October 24-26 at the Pasadena Convention Center features hundreds of industry professionals from major studios including Disney, Pixar, Netflix, and Warner Bros.

by Sarah Collins
BusinessStartups

Women’s Health Startup Tia Implements Major Workforce Reduction Amid Financial Pressures

Women’s health startup Tia has eliminated nearly a quarter of its workforce amid ongoing financial pressures in the healthcare sector. The company, once a rising star backed by Melinda Gates, is restructuring to achieve profitability faster as venture capital expectations clash with healthcare economics.

Significant Staff Reductions at Women’s Health Startup

Women’s health startup Tia has cut approximately 23% of its workforce, according to reports from Business Insider. The company, which operates a hybrid model of in-person clinics and virtual care services specifically for women, implemented the layoffs across multiple departments this week.

by Sarah Collins