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Veritone Picks Up $6.5M In PPP Loans

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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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Activision Blizzard To Slash Almost 800 Employees

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Santa Monica-based game developer Activision Blizzard says it is slashing 8 percent of its staff, or nearly 800 employees, as a part of a restructuring effort at the company. According to the company, the cuts will be to non-development and administrative-related areas, plus "initiatives that are not meeting expectations".