Tuesday, August 4, 2020

HeadSpin to return up to $95M to investors and has replaced its CEO after an internal review revealed financial irregularities; startup now valued at $250M (Kate Clark/The Information)

Kate Clark / The Information:
HeadSpin to return up to $95M to investors and has replaced its CEO after an internal review revealed financial irregularities; startup now valued at $250M  —  HeadSpin, a mobile app testing company recently valued at $1.16 billion, plans to return up to $95 million in funding to investors …



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US colleges like Virginia Tech and Georgia Tech are using AI to streamline admissions; Virginia Tech says AI that scores essay questions saved ~8,000 hours (Francesca Maglione/Bloomberg)

Francesca Maglione / Bloomberg : US colleges like Virginia Tech and Georgia Tech are using AI to streamline admissions; Virginia Tech say...