Concert livestreaming platform Mandolin to cease operations
Conceptualized through venture studio High Alpha, Mandolin emerged during the pandemic as a successful concert livestreaming platform.
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Westfield-based ag-tech firm Taranis names new CEO
Westfield-based agricultural technology company Taranis Inc. on Tuesday announced the promotion of Opher Flohr to chief executive, succeeding Bar Veinstein.
Purdue to hire 50 faculty, invest $100M in chip research under new initative
Purdue University on Friday announced a major undertaking and a multi-million-dollar investment to advance the university’s commitment to computer sciences, artificial intelligence and microchip research.
SpaceX’s launch of Starship could remake space exploration
SpaceX this week hopes to launch of the biggest and most powerful rocket ever built. The company plans to use Starship to send people and cargo to the moon and, ultimately, Mars.
Indiana venture activity shows signs of strength in down market, report says
PitchBook’s first-quarter venture report, released this week, shows that venture activity declined sharply year-over year nationwide, but the picture was rosier in Indiana.
High Alpha launches startup that helps marketing teams coordinate work
Indianapolis-based Tenon, which has been operating in stealth mode since December, offers a software platform that helps marketing teams plan and execute campaigns.
Bill making tech parks eligible for more tax revenue heads to governor
A bill that would allow Indiana tech parks to capture a larger share of tax revenue is poised to become law after the Senate voted unanimously Monday to advance the legislation to the governor’s office.
Washington vows to tackle AI, as tech titans and critics descend
Lawmakers are anxiously eyeing the AI arms race, driven by the explosion of OpenAI’s chatbot ChatGPT.
Chicago startup lands $3.8M in incentives to move to Indiana
Socian has developed a drone that can help gather information from the scene before police arrive. The founder says he was convinced to move to Indiana after having a good experience at an Indianapolis business accelerator program.
Samsung cutting memory chip production as profit slides
Samsung said the demand for its memory chips declined as a weak global economy depressed consumer spending on technology products and forced business clients to adjust their inventories.
Are robot waiters the future? Some restaurants think so
Many think robot waiters are the solution to the industry’s labor shortages. Sales of them have been growing rapidly, with tens of thousands now gliding through dining rooms worldwide. Others say they aren’t much more than a gimmick.
Walmart bets on warehouse robots, dangles profit potential
Within three years, the unit cost of moving goods will fall 20% as warehouse robots play a larger role in speeding goods to customers, Walmart said in a statement Tuesday.
Intelinair acquires digital agriculture company
Indianapolis-based precision agriculture startup Intelinair Inc. announced Tuesday it has acquired Aker Technologies Inc., headquartered in Illinois.
Jim Hallett leaving executive leadership at KAR after 30 years
Hallett is retiring from his positions as executive chairman and board chairman, the Carmel-based company announced Friday. He will remain a member of KAR’s board of directors.
Indianapolis-based consulting firm lands huge Space Force contract
Indianapolis-based Agility Consulting was one of 18 U.S. companies awarded a 5-year contract giving it a piece of $900 million in spending on data software services for the U.S. Space Force.
TikTok hires Indiana lobbyist as some states restrict access to the app
The move by TikTok comes as several states, including Indiana, restrict access to the video-sharing platform on government-issued devices due to national security concerns.
Musk, Wozniak, other tech leaders call for halt to AI race sparked by ChatGPT
More than 1,100 people in the industry signed the petition, which warns that AI systems with “human-competitive intelligence can pose profound risks to society and humanity.”
Biden starts democracy summit with $690M pledge for programs
The Biden administration wants to use the two-day summit that begins Wednesday to zero in on making “technology work for and not against democracy,” according to a senior administration official.
Google seeks dismissal of federal lawsuit alleging advertising monopoly
Google on Monday filed a motion to dismiss a Department of Justice lawsuit that aims to break up its alleged monopoly in online advertising, the company’s first salvo in a case widely seen as a test of the Biden administration’s ability to rein in the tech industry.
U.S. to adopt new restrictions on using commercial spyware
The order responds to growing U.S. and global concerns about programs that can capture text messages and other cellphone data. Some programs—so-called “zero-click” exploits—can infect a phone without the user clicking on a malicious link.