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Veritone Picks Up $6.5M In PPP Loans

socalTECH

Costa Mesa-based artificial intelligence software developer Veritone --which is publicly traded on the NASDAQ as VERI--reported that it has received a total of $6.5M The company said the loans, from Sunwest Bank, will allow it to continue operations without salary reductions, layoffs, or furloughs.

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Xconomy’s Top Innovation Stories of the Half Year

Xconomy

Layoffs Reflect New Turbulence at High-Flying 3D Robotics. Frank Vinluan reports from North Carolina on a new effort to boost agtech startups and university research. San Antonio Entrepreneur Center Opens Using Dallas Nonprofit as Model. Austin’s Lucid Aims to Make Artificial Intelligence More Human.

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What’s Next for American Workers as Trade, Automation Roil Manufacturing?

Xconomy

Last week, the other shoe dropped with reports that Ford will cut 10 percent of its global hourly workforce while holding on to the tech talent it has recruited in the past few years to work on electric and self-driving cars. When Donald Trump heralded Ford’s announcement earlier this year that it would invest $1.2

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Bio Roundup: Senate Drama, A.I. Stories, Data Dives, Shkreli & More

Xconomy

The nonpartisan Congressional Budget Office report Monday put the bill’s potential effects in stark relief: $321 billion in deficit reduction because of tax cuts and a Medicare rollback, and 22 million more people uninsured by 2026.

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