Mass High Tech News
Wayfair CEO calls home category not 'great' as company stays in the red
Despite a $2.9 billion revenue performance, the company remains in the red. Management is banking on international markets and new brick-and-mortar stores for growth.
AI is being blamed for job cuts. New data offers a different story.
An analysis of millions of job postings challenges a perceived link between AI adoption and job losses.
Beth Israel Lahey to roll out system-wide AI tool
The AI tool is meant to combat administrative burnout in doctors.
Taunton logistics firm shutting down as Amazon reconsolidates delivery network
The closure follows Aloha Logistics' shutdown announcement in April. Amazon is reconsolidating its delivery network in the area.
Amazon moves forward on second Seaport office with $32M in new permits
The company received permits for nearly $32 million in interior work at One Boston Wharf Road. The move-in has been delayed since 2021.
Former inmates now working at Slack, Asana after learning to code in prison
The yearlong program turns students with no computer experience into full-stack engineers. Graduates now work for major tech companies.
Cambridge nonprofit scans worn marathon shoes to train AI recycling app
The Footwear Collective scanned more than 150 pairs of shoes to deepen its AI training dataset. The app aims to help consumers find alternatives to throwing away old footwear.
Harvard Wyss spinout that made chocolate from air winds down operations
The Waltham-based company had raised $14.5 million and opened a pilot facility just months ago.
The National Beat: AI labs compete over computational power
AI labs are fighting for position in the computational ecosystem. Big deals are emerging, but some of those same agreements have been criticized for blurring the lines between investor, customer and supplier.
Zapata Quantum completes restructuring, raises $15M
It's another step forward in the comeback story of the quantum software startup, which shut down as Zapata AI in 2024 after a failed reverse merger.
AI's hidden cost: Why token limits could create a capability gap the size of the Grand Canyon
Arturo Natella says token limits prevent people from using AI for complex work. His solution: government-provided tokens, not cash.
Real estate agents must watch for this 'regulatory landmine'
States are already passing laws to deal with what's becoming a common practice.
Hasbro delays financial results as cyberattack fallout drags into second quarter
Hasbro released preliminary numbers showing revenue of $970 million to $985 million but hosted no analyst call. The company has not estimated financial impact.
Silicon Valley Bank will soon be gone; First Citizens to wipe away SVB brand three years after collapse
“We’re eager to start talking and bringing together the wide product set that First Citizens, as a combined group, can offer,” First Citizens Bank President Peter Bristow told the Business Times.
Amazon delivery partner in Taunton closes facility
Aloha Logistics LLC closed its facility at 800 John Quincy Adams Road. The company delivers packages for Amazon.
Clean energy company secures $180M from two investors for solar expansion
Nexamp Inc. raised approximately $180M in equity from two investors. The company has 222 employees in Massachusetts.
Cloud business Wasabi gets $250M in debt to fund expansion
In 2021, Wasabi CEO David Friend told the Business Journal he expected to make more debt financing deals for Wasabi, as the cloud business presented to lenders the same reassuring qualities of real estate.
The newest contract risk for businesses is quickly emerging — and the stakes are high
Experts say traditional business contracts are no longer suitable. Here's what's changing and what business owners need to change.
Blackstone-affiliated UKG lays off 950 employees, citing AI
The workforce management software company sent notices to employees last week. Close to 600 employees left immediately, while 350 will stay for a transition period.
Eli Lilly signs $7 billion deal for Kelonia after string of billion-dollar acquisitions
Pharma giant Eli Lilly and Co. is on a multibillion-dollar Boston buying spree. Its latest acquisition: a gene therapy biotech working on treatments for cancer.
