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TheMarkerEconomy

Israeli AI Firm Bria AI Lays Off a Third of Staff, Halts Model Development

Translated & summarized from TheMarker by baba

BusinessNeutral tone

Hebrew · 4 newsrooms covering

Israeli AI firm Bria AI has laid off 20 of its 60 employees, about a third of its staff, due to a business and technological pivot. The company is also ceasing development of its AI model. The VP of Research departed, while the VP of Business is now a consultant.

The story in 6 lines · by baba

  • Bria AI, an Israeli AI company, laid off 20 of its 60 employees last week.
  • The layoffs represent approximately one-third of the company's workforce.
  • The company is changing its business and technological direction.
  • Bria AI has halted the development of its AI model.
  • The VP of Research, Ron Mokadi, has left the company.
  • The VP of Business, Amit Goldenberg, is now a consultant.

Israeli artificial intelligence company Bria AI laid off 20 of its 60 employees last week, approximately one-third of its workforce, due to a change in its business and technological direction. The company has also halted the development of its model as part of this shift. Ron Mokadi, the company's VP of Research, departed as part of the layoffs. Amit Goldenberg, the VP of Business, has also left his role and is now serving as a consultant.

TheMarkerOther · Tel Aviv

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Full coverage · 5 outlets
First: TheMarker · Nov 5

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