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.
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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.
Gap grows between TikTok users, lawmakers on potential ban
On the one side are dozens of lawmakers on Capitol Hill issuing dire warnings about security and possible Chinese surveillance. On the other are some 150 million TikTok users who just want to be able to keep making and watching short, fun videos.
Twitter say parts of its source code leaked online
The leak creates more challenges for billionaire Elon Musk, who bought Twitter last October for $44 billion and took the company private. Since then, it has been engulfed in chaos, with massive layoffs and advertisers fleeing.
Indianapolis-based angel investor group eyeing ‘record year’ in 2023, executive director says
VisionTech, a group of more than 130 investors, has so far this year made seven investments totaling $1 million. In comparison, the group made a total of 16 investments totaling $2.4 million in all of 2022.
UPDATE: TikTok CEO grilled by skeptical lawmakers on safety, content
A nearly six-hour grilling of TikTok’s CEO by lawmakers brought the platform’s 150 million U.S. users no closer to an answer as to whether the app will be wiped from their devices.
Indianapolis-based Studio Science acquires RevTech360
Steve Pruden, CEO of design and innovation consulting firm Studio Science, said the acquisition of RevTech360 adds new technical capabilities to Studio Science’s lineup.
Fishers-based marketing-tech firm Vibenomics acquired
Vibenomics, which has raised about $32 million in investment capital since its 2016 launch, is now owned by Austin, Texas-based Mood Media, a much larger player in marketing tech field.
Lebanon planners approve Eli Lilly manufacturing site in Boone County
The Lebanon Plan Commission voted unanimously Monday to approve Eli Lilly and Co.’s development plan for its two manufacturing facilities in Boone County.