Local News

IBM subsidiary Red Hat buys Boston AI firm

IBM subsidiary Red Hat buys Boston AI firm

By Lauren Ohnesorge Red Hat is buying Neural Magic, an artificial intelligence firm based in the Boston area. Executives at the IBM (NYSE: IBM) subsidiary headquartered in North Carolina describe it as a play to level up in AI. “Red Hat has a long history of being open-sourced focused,” said Chris Wright, CTO of Red Hat, during a […]

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House, Senate strike a deal on economic development bill

House, Senate strike a deal on economic development bill

By Chris Lisinski The Kraft family would clear a key hurdle toward building a new professional soccer stadium in Everett under a nearly $4 billion bill on the move this week whose economic impacts reach across nearly every business sector. Top Democrats on Tuesday evening filed a compromise economic development bill months after their deadline-day talks […]

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CanalSide Food + Drink at CambridgeSide opens

CanalSide Food + Drink at CambridgeSide opens

Opening October 25th, CanalSide Food + Drink at CambridgeSide, is a new food experience offering local fare with global flair. CanalSide offers visitors waterfront views, a collection of eateries, and a centrally located bar. C-Side Bar, situated in the center of CanalSide, presents a selection of craft cocktails, beer, and wine available to pair with […]

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Somerville electric car charging company raises $13 million

Somerville electric car charging company raises $13 million

By Eli Chavez Somerville-based SparkCharge Inc. has received $13 million in equity and other securities from 20 investors, according to a regulatory filing. The mobile electric car charging company is targeting an equity offering with a total value of $19 million, according to the filing this summer with the U.S. Securities and Exchange Commission. According to the filing, […]

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Cambridge biotech behind first pig-to-human kidney transplant gets $191M

Cambridge biotech behind first pig-to-human kidney transplant gets $191M

By Hannah Green The Cambridge company behind the technology that enabled the first-ever pig-to-human kidney transplant earlier this year has raised a mega-round of funding.  The biotech eGenesis said on Wednesday that it has closed a $191 million Series D financing led by Lux Capital. Existing investors including Arch Ventures and Leaps by Bayer, as well new investors, also […]

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U.S. Added 818,000 Fewer Jobs Than Reported Earlier

U.S. Added 818,000 Fewer Jobs Than Reported Earlier

By Ben Casselman The U.S. economy added far fewer jobs in 2023 and early 2024 than previously reported, a sign that cracks in the labor market are more severe — and began forming earlier — than initially believed. On Wednesday, the Labor Department said monthly payroll figures overstated job growth by roughly 818,000 in the 12 months that ended in […]

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