DeepL CEO named Founder of the Year despite job cuts

Jarek Kutylowski, CEO of Cologne-based AI startup DeepL, has been named 'Founder of the Year' at the German Startup Awards – even though the company cut around 250 jobs earlier this month.
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Jarek Kutylowski, CEO of Cologne-based AI startup DeepL, has been named 'Founder of the Year' at the German Startup Awards – even though the company cut around 250 jobs earlier this month.

Falling oil prices gave the German stock market a boost in the afternoon, as reported by Tagesschau. At the same time, rising bond yields continue to unsettle investors.

The EU has imposed sanctions on Chinese chipmaker Yangzhou Yangjie Electronic Technology (Yangjie), as Handelsblatt reports. This further complicates chip supply for Germany's auto industry.

Stock futures remain stable as markets await upcoming earnings reports from Nvidia and retailers.

The Dow Jones has surpassed the 50,000-point mark, while the S&P 500 and Nasdaq reach new records.

Users of macOS are currently receiving malware warnings for older versions of ChatGPT and Codex due to a security incident at OpenAI.

The FAZ reports that software vulnerabilities have long been tolerated due to their complexity and cost to exploit. Artificial intelligence now compels companies to address these legacy issues more swiftly.

Data spaces could pave the way for collaborative intelligence in industry. Access to specific data is crucial for the success of industrial AI, according to FAZ.