Microsoft hires Sam Altman and OpenAI’s new CEO vows to investigate his firing
The developments Monday come after a weekend of drama and speculation about how the power dynamics would shake out at OpenAI.
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CEO Altman to depart OpenAI after board loses confidence in his ability to lead
OpenAI is a leading player in AI, and has been in talks to sell employee shares to investors at a valuation of $86 billion, a figure that would make the company one of the largest startups in the world.
Indiana colleges use analytics to try to increase retention
The University of Indianapolis is leading a coalition of six Indiana colleges in an $11 million grant-funded program that’s using data analytics to help boost graduation rates.
TechPoint launching new peer-to-peer network for founders
The Indiana Founders Network is intended to help entrepreneurs connect with peers for personal support and networking. The group’s kickoff event takes place in January.
Amazon to sell $2,350 Astro robot for businesses in bid to boost interest
The new model—designed to work as a rolling security guard—costs $750 more than the consumer version, which launched two years ago.
Carmel sanitizing device maker 3Oe Scientific files for bankruptcy
The business makes a hand-sanitizing device called Iggy that kills pathogens with ozone-infused water instead of soap or other chemicals.
HG Ventures seeks to accelerate its investments in road-tech
Indianapolis-based HG Ventures this week released a report in which it outlines how technology could solve long-standing issues such as traffic congestion, safety and sustainability.
Nextdoor lays off 25% of its full-time staff as neighborhood social network works to cut costs
A spokesperson for the company confirmed that almost 200 employees will be affected by the job cuts announced Tuesday.
IMPD’s expanding use of tech raises privacy concerns
The department is poised to invest $9 million in COVID-19 recovery funds into cameras and other technology. Some critics are raising privacy and efficacy concerns; others say the city hasn’t adopted the new techniques quickly enough.
Allegion Ventures makes $20M investment into California security-tech startup
The investment sets the stage for collaboration between Allegion and Ambient.ai, whose technology helps customers identify and prevent potential security incidents.
Google CEO defends paying Apple, others to make Google default search engine
In the biggest U.S. antitrust case in a quarter century, the Department of Justice contends that Google—a company whose very name is synonymous with scouring the internet—pays off tech companies to lock out rival search engines to smother competition and innovation.
Biden signs AI executive order, the most expansive regulatory attempt yet
The sprawling effort marks the U.S. government’s most ambitious attempt to spur innovation and address concerns that the burgeoning technology could exacerbate bias, displace workers and undermine national security.
Internet service provider to expand service in rural Indiana counties, hire 200 workers
Mainstream Fiber Networks, based in the Brown Country town of Nashville, says a investment from a New York firm will help bring broadband access to thousands of underserved rural Indiana communities.
Text messaging platform Yourco lands $2M round of seed funding
Yourco’s co-founder and CEO, Brodie Meyer, said the company wasn’t necessarily looking to secure outside funding, but it found the right partner and decided that seed capital could help Yourco grow more quickly.
States sue Meta, claiming its social platforms are addictive, harm children’s mental health
Dozens of states, including Indiana, are suing Meta Platforms Inc. for contributing to the youth mental health crisis by knowingly designing features on Instagram and Facebook that addict children to the platforms.
UPDATE: Feds pick Indiana as biotech hub, putting it in running for millions in funding
The technology hub designation makes Indiana eligible to compete against 30 other designated hubs in hopes of landing up to $70 million in federal funding to implement its program.
Purdue draws international leaders for semiconductor summit
Purdue is hosting the multiday Silicon Summit, which is the latest in a string of activities and announcements the school has been involved in regarding microchips and semiconductors over the past year and a half.
New ed-tech accelerator program offers $100K investments
Equity investments in each of the firms will come from a Butler University philanthropic fund, and the school is currently talking with potential additional investors.
The new phone call etiquette: Text first and never leave a voice mail
The phone etiquete norms change as quickly as the technology, causing some people to feel left behind or confused.
State’s newest public company faces hurdles
Syra Health Corp., a Carmel-based health care services company, raised $5.3 million after expenses in its initial public offering. But it faces a slew of challenges, from winning new customers to launching products and services quickly to stem losses.