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Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech

February 15, 2024 | Associated Press

Cisco foresees sluggish demand for its products and software services during the next three to six months while its customers exercise “a greater degree of caution” amid an uncertain economic outlook, CEO Chuck Robbins said.

BioCrossroads names Vince Wong as new CEO of Indy life sciences group

January 31, 2024 | John Russell

Wong’s appointment comes just a few weeks after BioCrossroads released a report warning that Indiana’s life-science sector is starting to lag the nation in growth and market share and will require a focused effort to stay competitive.

FTC opens inquiry into Big Tech’s partnerships with leading AI startups

January 25, 2024 | Associated Press

The action targets Amazon, Google and Microsoft and their sway over the generative AI boom that’s fueled demand for chatbots such as ChatGPT.

Zionsville-based 120Water lands $43M investment

January 10, 2024 | Susan Orr

The $43 million investment, by far the largest in 120Water’s eight-year history, will help the water management software company pursue some of the big opportunities that lie ahead, CEO Megan Glover says.

Carmakers fight massive air bag recall that could cost $10B

December 20, 2023 | Bloomberg News

Companies like General Motors Co. and Ford Motor Co. said in letters to the National Highway Traffic Safety Administration released Wednesday that there’s no proof that the parts made by ARC Automotive Inc. are defective.

Apple races to tweak software ahead of looming U.S. watch ban

December 19, 2023 | Bloomberg News

In the meantime, Apple has begun preparing stores for the ban, including sending new signs to its retail outlets that promote the Apple Watch without showing photos of the Series 9 and Ultra 2.

Apple to stop some watch sales in U.S. over patent dispute

December 18, 2023 | The Washington Post

The need for Apple to stop selling a core product in the U.S. is unprecedented, especially during the company’s most important quarter.

Lilly launches obesity drug, but insurers balk over price

December 8, 2023 | John Russell

The new drug, called Zepbound, carries a hefty price of $1,059.87 per month, and insurers and health care plans are balking, questioning its affordability. Many employers and government health programs exclude obesity treatments from their coverage.

Fishers-based tech firm Formstack hires new CEO

December 6, 2023 | Susan Orr

Chris Byers, who had been Formstack’s CEO since 2010, said he came to the realization earlier this year that it was time for him to leave the company.

City-County Council committee advances artificial intelligence proposal

November 29, 2023 | Taylor Wooten

The proposal from Republican Councilor Michael-Paul Hart, which would create a study commission on the city’s usage of AI, was passed unanimously by the Rules and Public Policy Committee.

Altman back as OpenAI CEO just days after being removed, along with new board

November 22, 2023 | Associated Press

The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, culminating a days-long power struggle that shocked the tech industry and brought attention to the conflicts around how to safely build artificial intelligence.