In the past week, Seattle City Councilmember Cathy Moore proposed a 2% capital gains excise tax modeled on a Washington state tax. Outreach announced a 9% staff reduction as part of cost-cutting measures. Additionally, a pair of seasoned engineers in Seattle secured $4.3 million for their startup Logic, aimed at aiding companies in implementing AI into their workflows. Washington state voters rejected initiatives to eliminate a capital gains tax and a program to reduce carbon emissions.
In another development, Jeff Bezos promptly congratulated President-elect Donald Trump after his victory over Vice President Kamala Harris. Microsoft Edge for Windows users had access to a powerful AI tool in the browser sidebar for over a year and a half. Barry Diller, chairman of Expedia, stated that rumors of an Uber acquisition by the travel company were untrue.
Dreams came true for more than one singing janitor in recent news. A spotlight was placed on startups in Seattle making significant progress. Launching a first startup, like a domestic software company, may seem overwhelming to many. Uber had reportedly considered making a bid for Expedia Group, but Diller dismissed the possibility of an acquisition.
Readers can stay updated on technology and startup news every Sunday by subscribing to the GeekWire Weekly email newsletter. Other popular articles from the past week include various developments in Seattle’s technology and startup industry. These stories cover a range of topics from political proposals to funding initiatives for AI integration in businesses. The rejection of certain initiatives by Washington state voters also made waves in the news cycle.
The quick exchange of good wishes between Bezos and Trump demonstrated a notable moment in the business and political spheres. The AI tool in Microsoft Edge showcases the practical applications and future potential of artificial intelligence technology. Additionally, Diller’s firm stance against the possibility of an Uber acquisition insight into the business landscape during that time.
Startup culture in Seattle continues to thrive, with new ventures gaining recognition and funding. Starting a company, particularly in the software sector, poses unique challenges and opportunities for entrepreneurs. The aforementioned acquisition rumors add a layer of intrigue to the ongoing developments in the tech and business communities. Overall, the past week has seen a mix of political, economic, and technological news that has captured the attention of readers and industry professionals alike.
