Category: Business

AIBusiness

Figma CEO Assures AI Enhances Jobs, Not Eliminates Them, Amid Company Expansion

Figma’s CEO Dylan Field emphasizes that AI is augmenting human roles, not replacing them, citing a survey where nearly 70% of workers report increased efficiency. The company, which recently went public, is expanding its workforce and exploring AI’s potential to drive innovation. Field encourages adapting to AI advancements for career growth.

AI as a Productivity Booster, Not a Job Threat

According to reports, Figma CEO Dylan Field has reassured workers that artificial intelligence is not poised to take over jobs, but rather to enhance productivity and focus on high-value tasks. On a recent podcast, Field highlighted that employees should view AI as a tool for learning and growth, not a source of anxiety. Sources indicate that this perspective is backed by a September survey from Figma, which found that almost 60% of product builders spend more time on strategic work due to AI integration, and nearly 70% feel more efficient overall. Field, the chief executive officer of the design software firm, co-founded the company in 2012 and has consistently advocated for AI’s role in removing mundane tasks from workflows.

by Sarah Collins
BusinessStartups

Hoffman Urges Founders to Vet Investors Through Critical References

Venture capitalist Reid Hoffman recommends founders thoroughly investigate potential investors by seeking critical feedback. The LinkedIn cofounder reportedly applied this reference-checking method when investing in OpenAI following Elon Musk’s departure.

Investor Due Diligence Goes Both Ways

Prominent venture capitalist and Reid Hoffman is encouraging founders to conduct thorough background checks on him before accepting his investments, according to recent reports. The LinkedIn cofounder reportedly insists that entrepreneurs seek out negative references to understand both his strengths and weaknesses as an investor partner.

by Natalie Brooks
BusinessLegal

777 Partners Co-Founder Faces Federal Fraud Charges Over $500 Million Scheme

The co-founder of investment firm 777 Partners faces multiple federal fraud charges alleging a years-long scheme to defraud lenders and investors. Prosecutors claim Josh Wander used fake documents and misrepresented assets in what they describe as a “house of cards” financial operation.

Investment Firm Founder Charged in Major Fraud Case

The co-founder of 777 Partners, the investment firm that previously attempted to acquire Everton Football Club, has been charged with orchestrating a massive fraud scheme totaling more than $500 million, according to federal prosecutors in the United States.

by Natalie Brooks
BusinessSoftware

Google Launches Contingency Plan for Microsoft 365 Service Interruptions

Google has unveiled a new business continuity program that runs Google Workspace parallel to Microsoft 365 environments. The initiative comes as the company positions itself as a reliable alternative during what it describes as Microsoft’s “frequent and severe” service outages.

Google Positions Workspace as Microsoft 365 Backup Solution

Google has launched a new business continuity initiative targeting organizations concerned about Microsoft 365 service reliability, according to recent product announcements. The program enables companies to run Google Workspace alongside their existing Microsoft 365 environments, creating what sources indicate is an immediate fallback option during outages.

by Sarah Collins