Indiana leaders submit application for federal tech hub designation
Indiana is competing with its Midwestern neighbors to land up to $75 million to create one of three tech hubs in the region.
Technology
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Software developers say AI technology helps them work faster—sometimes
Local tech firms that have started to use the technology say, with the caveat that it’s difficult to make long-term predictions about ever-changing technology, that they view generative AI as a tool rather than a job killer.
Upcoming Rally conference sparking additional downtown gatherings
At least seven other events are taking place in and around downtown Indianapolis Aug. 28-30, all designed to capitalize on the momentum organizers hope Rally will generate.
Coinbase gets approval to offer crypto futures to eligible U.S. customers
Coinbase said Wednesday that it had secured regulatory approval from the National Futures Association to operate as a futures commission merchant.
Elon Musk’s X throttling traffic to websites he dislikes, tests show
The delayed websites included X’s online rivals Facebook, Instagram, Bluesky and Substack, as well as the Reuters wire service and the Times. All of them have previously been singled out by Musk for ridicule or attack.
More than 744k Hoosiers on Medicaid affected in software breach
Their names, addresses, case numbers and Medicaid numbers were exposed in a contractor’s late May security breach, Indiana’s Family and Social Services Administration announced.
Indianapolis consulting startup Stitch lands $3.3M in state incentives
Stitch, a marketing tech consulting firm, can earn up to $3.3 million in state economic incentives if it hires at least 100 Hoosiers by the end of 2027. The company launched last year out of Indianapolis venture studio High Alpha.
Biden issues order restricting U.S. investments in Chinese technology
Senior administration officials said the effort stemmed from national security goals rather than economic interests, and that the categories it covered were intentionally narrow in scope.
Paper exams, chatbot bans: Colleges seek to ‘ChatGPT-proof’ assignments
Practically overnight, ChatGPT and other artificial intelligence chatbots have become the go-to source for cheating in college.
Cybersecurity firm Stamus Networks lands $6M investment
The funding round included participation from Indianapolis-based investors Elevate Ventures and VisionTech Partners.
Inaugural Rally conference aims to draw innovators
The Aug. 29-31 event at the Indiana Convention Center will have 220 speakers, five pitch competitions offering up to $5 million in total prize money, and hundreds of meetings between entrepreneurs and investors representing multiple industries.
Bloomington-based angel investor fund has big growth plans
Dimension Mill just closed its fourth angel investors’ fund this week, with $1.08 million from 52 investors. The fund has been so successful since the program’s launch in 2020 that Dimension Mill is planning significant expansion to spur more investment activity.
Chatbots sometimes make things up. Is AI’s hallucination problem fixable?
Spend enough time with ChatGPT and other artificial intelligence chatbots and it doesn’t take long for them to spout falsehoods. That’s problem for every business, organization and high school student trying to use one to get work done.
Customers want instant gratification. Workers say it’s pushing them to brink.
Drastic changes in consumer demands are driving labor unrest in diverse industries upended by technology, from actors and writers to UPS delivery drivers.
Indianapolis-based Ren Inc. snags big investment from Bain Capital fund
Ren, an Indianapolis-based financial technology firm, says it received an investment of between $75 million and $300 million from a fund associated with Boston-based Bain Capital. It’s the first outside funding Ren has taken in its 36-year history.
New SEC rule requires public companies to disclose cybersecurity breaches in 4 days
The new rules also require publicly traded companies to annually disclose information on their cybersecurity risk management and executive expertise in the field. The idea is to protect investors.
SEC proposes artificial-intelligence crackdown for Wall Street firms
Wall Street’s top regulator is moving to prohibit investment firms from using artificial intelligence to generate more business at the expense of their customers’ best interests, one of the first bids by a federal agency to craft rules for the technology.
AI leaders warn Congress the technology could be used to create bioweapons
A trio of influential artificial intelligence leaders testified at a congressional hearing Tuesday, warning that the frantic pace of AI development could lead to serious harm within the next few years.
Salesforce CEO shares predictions for AI and future of work
Salesforce founder and CEO Marc Benioff, 58, isn’t ready to leave Salesforce yet, even though he has amassed an $8 billion fortune and just went through a challenging stretch that might have caused many CEOs to head for the exit.
UPDATE: Musk reveals new X logo to replace Twitter’s blue bird
The X started appearing at the top of the desktop version of Twitter on Monday, but the bird was still dominant across the smartphone app.