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Dataminr, the $4B big data startup, is laying off 20% of staff today, or 150 people, as it preps to double down on AI

It's a tough day for Dataminr, the New York-based big data unicorn last valued at $4.1 billion. It cites the impact of the economic environment, operational efficiencies, and "the recent rapid advancements of our AI platform," according to a memo from founder and CEO Ted Bailey, shared with us by a source. Bailey noted in the memo that the restructuring measures will "put Dataminr on a very strong financial footing moving forward."
Ted Bailey Morgan Stanley New York Based
Source: yahoo.com

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