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Particle secures $10.9M in new funding and expands publishing partners for AI news reader

Traffic is down, newsrooms are undergoing layoffs, and publishers fear that AI technologies will only make matters worse. Entering the fray, news reader startup Particle is teaming up with publishers to seek out a new business model for the AI era, where AI summaries of news don’t have to mean lost revenues. Now, the company is bringing its first publishing partners into the mix to help it guide its next steps. As a start, Particle now subscribes to Reuters newswire to help it deliver information about current events in the news. What Particle isn’t yet ready to reveal is its business model.

Zara Khan
June 11, 2024
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Uncategorized

faces massive layoffs, discontinues publishing operations

Riot Games is laying off about 530 employees, which represents 11% of its workforce, the Tencent-owned company announced on Monday. The League of Legends maker is also sunsetting its five-year-old publishing group, Riot Forge. Riot Games wrote two posts about the changes, addressing the affected employees in one and its players in another. He also highlighted two areas that’ll see “immediate impact” from the organizational changes– Riot Forge and the digital collectible card game Legends of Runeterra. Riot Games joins other video game publishers making job cuts, such as Epic Games, which eliminated 830 employees in September.