Local software firm ConverSight.ai lands $9M in venture funding
Indianapolis-based software firm ConverSight.ai helps clients analyze their data and make business decisions. The company has raised a total of $15 million since its founding in 2017.
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Indianapolis startup Stellar helps customers use AI
Indianapolis-based Stellar is a tech services firm that helps companies implement artificial intelligence and other technologies into their operations. The startup launched earlier this year and emerged from stealth mode this week.
T-Mobile to lay off 5,000 employees, or about 7% of its workforce
CEO Michael Sievert said the layoffs would come over the next five weeks and affect T-Mobile workers across the country.
Indianapolis coding school Kenzie Academy to close
Kenzie Academy, launched in 2017, stopped enrolling new students on Tuesday and has eliminated the jobs of more than 100 employees.
Indianapolis food-tech firm True Essence lands $27.6M growth investment
True Essence Foods, whose original product was an artisanal chocolate called SoChatti, has secured 15 patents for its technologies, with another 70 patent applications in process.
Traffic on Meta’s Threads is declining as company adds features
Although Threads attracted more than 100 million sign-ups less than a week after it was unveiled, it has struggled to maintain its early momentum, according to third-party analytics firms.
Indiana leaders submit application for federal tech hub designation
Indiana is competing with its Midwestern neighbors to land up to $75 million to create one of three tech hubs in the region.
Software developers say AI technology helps them work faster—sometimes
Local tech firms that have started to use the technology say, with the caveat that it’s difficult to make long-term predictions about ever-changing technology, that they view generative AI as a tool rather than a job killer.
Upcoming Rally conference sparking additional downtown gatherings
At least seven other events are taking place in and around downtown Indianapolis Aug. 28-30, all designed to capitalize on the momentum organizers hope Rally will generate.
Coinbase gets approval to offer crypto futures to eligible U.S. customers
Coinbase said Wednesday that it had secured regulatory approval from the National Futures Association to operate as a futures commission merchant.
Elon Musk’s X throttling traffic to websites he dislikes, tests show
The delayed websites included X’s online rivals Facebook, Instagram, Bluesky and Substack, as well as the Reuters wire service and the Times. All of them have previously been singled out by Musk for ridicule or attack.
More than 744k Hoosiers on Medicaid affected in software breach
Their names, addresses, case numbers and Medicaid numbers were exposed in a contractor’s late May security breach, Indiana’s Family and Social Services Administration announced.
Indianapolis consulting startup Stitch lands $3.3M in state incentives
Stitch, a marketing tech consulting firm, can earn up to $3.3 million in state economic incentives if it hires at least 100 Hoosiers by the end of 2027. The company launched last year out of Indianapolis venture studio High Alpha.
Biden issues order restricting U.S. investments in Chinese technology
Senior administration officials said the effort stemmed from national security goals rather than economic interests, and that the categories it covered were intentionally narrow in scope.
Paper exams, chatbot bans: Colleges seek to ‘ChatGPT-proof’ assignments
Practically overnight, ChatGPT and other artificial intelligence chatbots have become the go-to source for cheating in college.
Cybersecurity firm Stamus Networks lands $6M investment
The funding round included participation from Indianapolis-based investors Elevate Ventures and VisionTech Partners.
Inaugural Rally conference aims to draw innovators
The Aug. 29-31 event at the Indiana Convention Center will have 220 speakers, five pitch competitions offering up to $5 million in total prize money, and hundreds of meetings between entrepreneurs and investors representing multiple industries.
Bloomington-based angel investor fund has big growth plans
Dimension Mill just closed its fourth angel investors’ fund this week, with $1.08 million from 52 investors. The fund has been so successful since the program’s launch in 2020 that Dimension Mill is planning significant expansion to spur more investment activity.
Chatbots sometimes make things up. Is AI’s hallucination problem fixable?
Spend enough time with ChatGPT and other artificial intelligence chatbots and it doesn’t take long for them to spout falsehoods. That’s problem for every business, organization and high school student trying to use one to get work done.
Customers want instant gratification. Workers say it’s pushing them to brink.
Drastic changes in consumer demands are driving labor unrest in diverse industries upended by technology, from actors and writers to UPS delivery drivers.