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Tag Archives: BI Prime

Read the email from WeWork’s new chairman where he confirms layoffs and says: ‘What we are lacking is focus’ and ‘accountability’

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Here's the pitch deck a Stanford professor used to raise $52.5 million from top VCs for his AI startup Sisu, which was named by his mom

Sisu is a new cloud startup whose platform uses AI to help businesses draw even more advanced insights from the massive amounts of data they are storing in the cloud.Sisu just came out of stealth mode this week and announced that it has secured $52.5 Series B funding from NEA …

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'Patience is wearing thin' as IBM reports yet another quarter of falling revenues, but its $34 billion Red Hat buy is a bright spot

IBM shares fell late Wednesday after the company reported weaker-than-expected revenue for the third quarter. IBM also reported another decline in revenue.But IBM said its Red Hat acquisition is paying off, saying the software giant IBM bought for $34 billion posted a 20% gain in revenue.That’s a good sign, one …

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Landlords want to bulk up their office amenities, and a rush of startups are selling them tech to do it

WeWorkMobile apps have handed customers more choice and convenience, meaning many may be starting to demand more when it comes to office spaceWeWork brought consumer branding to the office. While some look to flexible office providers like Convene and Industrious to amenitize their space, some landlords and operators would rather …

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Meet the 5 execs that Larry Ellison and insiders say are on the short list to one day be the CEO of Oracle

When Oracle CEO Mark Hurd went on medical leave last month, there was speculation that Safra Catz would become the tech giant’s solo CEO.But Oracle founder and chief technology officer Larry Ellison has said the company plans to keep its dual CEO structure.He also said he planned to recommend five …

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SAP CEO Bill McDermott resigned six months after activist investor Elliott elbowed in

ReutersFormer SAP CEO Bill McDermottSAP CEO Bill McDermott shocked the software world on Thursday by announcing his resignation, effective immediately.The resignation comes six months after activist investor Elliott Management announced that it had taken a stake in SAP, and after the company agreed to some of its demands to improve …

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Lambda School is Silicon Valley’s big bet on reinventing education and making student debt obsolete. But students say it’s a ‘cult’ and they would have been better off learning on their own.

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We got an exclusive look at the pitch deck this London startup used to raise $8.5 million from VCs to take on WhatsApp and Slack

New VectorNew Vector CEO Matthew HodgsonLondon-based startup New Vector raised $8.5 million to further expand its secure, decentralized messaging system Matrix. The company used a 19-slide pitch deck to lure in investment from prominent tech VCs including Notion Capital, Dawn Capital, and Firstminute Capital.New Vector has clients including the French …

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Inside WeWork's troubled Lord & Taylor building: A tale of outsized ambition, audacious renovations, and now financial worries

Reuters/Shannon StapletonThe Lord & Taylor building in Manhattan that Amazon is reportedly eyeing for office space.The Lord and Taylor building in midtown Manhattan, owned by a real estate fund linked to WeWork, is a symbol of the co-working company’s grand ambitions gone unchecked.Purchased in late 2017, the building was an …

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The CEO of SAP is stepping down, and his replacements signal a new willingness to compete with Salesforce and Workday in the cloud

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