Stocks to Avoid: 3 Companies That Have Announced Layoffs

Published on May 18, 2022

The United States job market has exhibited resilience, adding more jobs than expected in April. Nevertheless, layoffs and hiring freezes have been sweeping across businesses this year. Amid this, we...

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Heartex raises $25M for its AI-focused, open source data labeling platform

May 18, 2022
Heartex, a startup that bills itself as an “open source” platform for data labeling, today announced that it landed $25 million in a Series A funding round led by Redpoint Ventures. Unusual Ventures, Bow Capital and Swift Ventures also participated, bringing Heartex’s total capital raised to $30 million.Co-founder and CEO Michael Malyuk said that the new money will be put toward improving Heartex’

Lithium-silicon batteries get vote of confidence with Sila’s Mercedes deal

May 18, 2022
For years, scientists and engineers predicted that lithium-ion batteries would get a boost if they could just add more silicon. In the lab, the prediction held, but only for a short period of time. The material had a downside — it became brittle after repeated charging.Sila seems to think it’s solved the problem. The startup, along with its strategic partner Mercedes-Benz, announced that its silic