The Toronto-based startup has eliminated some 83 jobs, including shrinking its engineering team by 20 per cent. It’s adopting Google’s generative AI tools across its business. (The Globe and Mail)
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The Toronto-based startup has eliminated some 83 jobs, including shrinking its engineering team by 20 per cent. It’s adopting Google’s generative AI tools across its business. (The Globe and Mail)
Talking point: BenchSci makes AI tools that help medical researchers summarize existing scientific literature on disease and design experiments to test new ideas. The startup has raised US$174 million to date, per PitchBook data, including a $95-million Series D announced in May 2023. BenchSci CEO Liran Belenzon told the Globe that the layoffs aren’t a response to problems with its business, but rather because it can replace some human work with AI. In July, he joined several tech leaders in a trend started by Shopify’s Tobi Lütke, declaring his firm “AI-first,” requiring that teams check whether the technology can handle a task before hiring someone to do it.
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