Maria Deutscher – SiliconANGLE

X’s new AI training opt-out setting draws regulatory scrutiny

Maria Deutscher — Fri, 26 Jul 2024 23:04:09 +0000

The Irish Data Protection Commission, the regulator that oversees X Corp.’s business practices in the European Union, has sent the company questions over a newly added privacy setting. Users of the Elon Musk-owned social network noticed the setting in question earlier today. When it’s enabled for an account, that account’s information can be incorporated into […]

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Cyber insurance provider Cowbell reels in $60M to grow its product portfolio

Maria Deutscher — Fri, 26 Jul 2024 21:46:14 +0000

Cowbell Cyber Inc., a startup that insures businesses against cyberattack-related losses, has raised $60 million in a Series C funding. The company announced the investment today. It disclosed that the capital was provided by Zurich Insurance Group Ltd., one of the world’s largest insurers. The cash infusion brings Cowbell’s total outside funding to $202 million. […]

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US grand jury indicts North Korean hacker for role in Andariel cyberattacks

Maria Deutscher — Fri, 26 Jul 2024 19:23:37 +0000

A Kansas City grand jury has indicated a North Korean hacker for participating in a cyberattack campaign that targeted the U.S. Air Force, NASA and other organizations. The Justice Department announced the development on Thursday. The indicted hacker, Rim Jong Hyok, is believed to be working for North Korea’s Reconnaissance General Bureau, a military intelligence […]

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OpenAI debuts AI-powered SearchGPT search engine

Maria Deutscher — Thu, 25 Jul 2024 22:34:36 +0000

OpenAI today previewed SearchGPT, a new search engine powered by its artificial intelligence technology. The company described the service as a “temporary prototype” in a blog post. According to OpenAI, the plan is to collect feedback about SearchGPT from a group of initial adopters and then integrate the best features into ChatGPT. That suggests the […]

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Chainguard nabs $140M to secure enterprise applications’ open-source components

Maria Deutscher — Thu, 25 Jul 2024 20:57:21 +0000

Less than a year after closing its last funding round, Chainguard Inc. today disclosed that it has raised another $140 million to support its sales growth. Redpoint Ventures, Lightspeed Venture Partners and IVP jointly led the investment. The round, a Series C raise, also included Sequoia Capital and several other returning backers. Chainguard is now […]

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Reddit blocks Bing, several other search engines from indexing its platform on AI training concerns

Maria Deutscher — Thu, 25 Jul 2024 18:48:34 +0000

Reddit Inc. has blocked some search engines’ access to content from its namesake forum platform. The development was first reported by 404 Media on Wednesday and Reddit confirmed the move in a blog post this morning. The company’s new search engine restrictions don’t apply to Google LLC, with which it recently inked a content licensing deal […]

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Researchers find that AI-generated web content could make large language models less accurate

Maria Deutscher — Wed, 24 Jul 2024 22:33:30 +0000

A newly published research paper suggests that the proliferation of algorithmically generated web content could make large language models less useful. The paper appeared today in the scientific journal Nature. It’s based on a recently concluded research initiative led by Ilia Shumailov, a computer scientist at the University of Oxford. Shumailov carried out the project […]

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Check Point Software appoints Nadav Zafrir new CEO after earnings beat

Maria Deutscher — Wed, 24 Jul 2024 21:02:26 +0000

Check Point Software Technologies Ltd. today appointed venture capitalist Nadav Zafrir as its new chief executive officer. The cybersecurity provider announced the leadership change in conjunction with the release of its quarterly financial results. For the three months ended June 30, Check Point delivered revenue and adjusted earnings that both topped the consensus estimate. The […]

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CrowdStrike reveals cause of faulty update that led to Windows crashes

Maria Deutscher — Wed, 24 Jul 2024 18:57:03 +0000

CrowdStrike Holdings Inc. has shared new details about the faulty update that it rolled out to its Falcon cybersecurity platform last week. In a preliminary incident report released today, the company revealed that the update caused a type of error known as an out-of-bounds memory read. That error, in turn, crashed the Windows devices on […]

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QA Wolf raises $36M in fresh funding to ease application reliability testing

Maria Deutscher — Tue, 23 Jul 2024 22:42:46 +0000

QA Wolf Inc., a startup that helps enterprises find and fix flaws in their software, has raised $36 million from investors to support its growth efforts. The Seattle-based company announced the Series B round today. Scale Venture Partners led the raise, joined by Threshold Ventures, Ventureforgood, Inspired Capital and Notation Capital. Software teams test the […]

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Legal software startups Clio and Harvey raise nine-figure funding rounds

Maria Deutscher — Tue, 23 Jul 2024 21:26:14 +0000

Clio and Harvey, two fast-growing startups that sell software for legal professionals, have raised $1 billion in combined funding to expand their market presence. Clio disclosed this morning that it has closed a $900 million Series F round at a $3 billion valuation. In conjunction, Harvey announced that it has secured $100 million from an […]

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Wiz reportedly ends $23B acquisition talks with Google

Maria Deutscher — Tue, 23 Jul 2024 18:59:43 +0000

Wiz Inc. has reportedly ended discussions with Google LLC about an acquisition that could have valued the cybersecurity startup at $23 billion. The Wall Street Journal and CNBC reported the development today, citing an internal Wiz memo. Chief Executive Officer Assaf Rappaport (pictured, second from left) wrote in the note that “saying no to such […]

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Code Metal launches with $16.5M to optimize enterprise software for edge devices

Maria Deutscher — Tue, 23 Jul 2024 13:00:11 +0000

Startup Code Metal Inc. launched today with a software platform designed to help developers optimize their code for edge computing devices. The Boston-based startup has raised $16.5 million over two rounds to support its commercialization efforts. The bulk of the capital, $13.5 billion, came from a seed raise led by Shield Capital. The rest was […]

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Google no longer plans to end support for third-party cookies in Chrome

Maria Deutscher — Mon, 22 Jul 2024 22:48:37 +0000

Google LLC has scrapped its plans to phase out Chrome’s support for third-party cookies. The company disclosed the decision today. It detailed that some of the technologies built as part of Privacy Sandbox, the development initiative through which it planned to phase out third-party cookies, are still set to become available in Chrome. The change […]

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EU finds that Meta’s ad-free tier may be in breach of consumer protection rules

Maria Deutscher — Mon, 22 Jul 2024 21:08:43 +0000

The European Union has informed Meta Platforms Inc. that the ad-free version of Facebook and Instagram may breach the bloc’s consumer protection laws. The CPC Network, a group of EU-based consumer protection agencies, notified the company of the development in a letter sent today. The group also asked Meta to suggest ways of bringing its […]

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Linx Security raises $33M for its identity security platform

Maria Deutscher — Mon, 22 Jul 2024 19:10:20 +0000

Linx Security Inc., a startup that helps enterprises secure their employees’ application accounts, launched today with $33 million in funding. The Tel Aviv-based company raised the capital over two rounds. The initial $6 million raise was led by Cyberstarts, which later returned to co-lead a $27 million investment in Linx together with Index Ventures. Cerca […]

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Magic Leap reportedly lays off its sales and marketing teams amid pivot to tech licensing

Maria Deutscher — Fri, 19 Jul 2024 21:26:16 +0000

Magic Leap Inc., the heavily funded mixed reality startup, has reportedly laid off its sales and marketing teams. Bloomberg today cited sources as saying that the restructuring affected about 75 employees. It’s unclear if the job cuts were limited to the sales and marketing departments or also hit other units. According to the report, Magic […]

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Faulty CrowdStrike update causes one of the largest-ever IT outages

Maria Deutscher — Fri, 19 Jul 2024 19:08:03 +0000

A faulty software update from CrowdStrike Holdings Inc., a major cybersecurity provider, has disrupted the operations of hospitals, financial institutions and numerous other organizations around the world. The incident has been described as one of the largest-ever information technology outages. Experts are warning that some companies could take days to recover their systems fully. CrowdStrike […]

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OpenAI, Nvidia, Google and others launch AI cybersecurity consortium

Maria Deutscher — Thu, 18 Jul 2024 22:47:30 +0000

More than a dozen tech firms have teamed up to launch an industry group dedicated to making artificial intelligence applications more secure. The Coalition for Secure AI, or CoSAI, was announced today at the Aspen Security Forum. It will operate under the wing of OASIS, a nonprofit that oversees the development of several dozen open-source […]

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TSMC tops quarterly expectations with 40% revenue growth

Maria Deutscher — Thu, 18 Jul 2024 21:10:38 +0000

Strong demand for artificial intelligence chips helped Taiwan Semiconductor Manufacturing Co. grow its revenue by 40% year-over-year in the second quarter. The company today reported sales of 673.51 billion New Taiwan dollars, or $20.82 billion, for the three months ended June 30. That’s up from NT$480.84 billion a year earlier. TSMC exceeded the consensus revenue […]

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OpenAI, Mistral AI debut new cost-efficient language models

Maria Deutscher — Thu, 18 Jul 2024 19:10:41 +0000

OpenAI and Mistral AI today introduced new language models for powering applications that must balance output quality with cost-efficiency. OpenAI’s new model, GPT-4o mini, is a scaled-down version of its flagship GPT-4o large language model. Mistral AI, in turn, debuted an algorithm dubbed Mistral NeMo 12B that was developed in collaboration with Nvidia Corp. engineers. […]

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Retirement startup Human Interest valued at $1.33B in new $267M financing round

Maria Deutscher — Wed, 17 Jul 2024 22:51:09 +0000

Human Interest Inc., a startup that helps employees at small and medium-sized businesses save for retirement, has raised $267 million in fresh financing. The company announced the investment today. It detailed that the deal included debt financing as well as an equity funding round led by Baillie Gifford and Marshall Wace, one of the world’s […]

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AI pioneer Fei-Fei Li reportedly raises $100M for new spatial intelligence startup

Maria Deutscher — Wed, 17 Jul 2024 21:13:31 +0000

World Labs, a new startup founded by prominent artificial intelligence researcher Fei-Fei Li, has reportedly raised about $100 million in funding. The Financial Times reported the investment today. According to the paper’s sources, World Labs raised the capital over two funding rounds, the most recent of which valued the company at more than $1 billion. […]

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Report: GitHub rival GitLab could be acquired by Datadog

Maria Deutscher — Wed, 17 Jul 2024 19:00:49 +0000

GitLab Inc., a developer tooling provider that competes with Microsoft Corp.’s GitHub unit, is reportedly exploring a sale. Reuters today cited sources as saying that the publicly traded company has hired investment bankers to manage the process. GitLab reportedly started looking into a sale after receiving takeover interest from several companies. Datadog Inc., a major […]

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Druva debuts new cybersecurity capabilities for its data protection platform

Maria Deutscher — Tue, 16 Jul 2024 22:34:08 +0000

Druva Inc. today introduced an updated version of its data protection platform aimed at making it easier for customers to fend off cyberattacks. The first addition, a capability called Threat Hunting, is designed to help administrators investigate breach attempts. Druva is also expanding the availability of a managed breach response service that is included at […]

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Vectara raises $25M, debuts new RAG-optimized Mockingbird model

Maria Deutscher — Tue, 16 Jul 2024 21:01:59 +0000

Vectara Inc., a startup that helps enterprises implement retrieval-augmented generation in their applications, has closed a $25 million early-stage funding round to support its growth efforts. The company announced the investment today. It said that FPV Ventures and Race Capital jointly led the round, a Series A raise, with participation from a half-dozen other backers […]

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UK antitrust watchdog launches probe into Microsoft’s Inflection AI partnership

Maria Deutscher — Tue, 16 Jul 2024 18:51:42 +0000

The U.K.’s antitrust watchdog has launched a review of a partnership that Microsoft Corp. inked with Inflection AI Inc,. a heavily funded OpenAI rival, earlier this year. The Competition and Markets Authority, or CMA, announced the move today. The development comes about three months after CMA officials began looking into Microsoft’s deal with Inflection AI. […]

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IBM’s $6.4B HashiCorp acquisition faces FTC antitrust review

Maria Deutscher — Mon, 15 Jul 2024 22:30:11 +0000

The U.S. Federal Trade Commission has opened an antitrust probe into IBM Corp.’s proposed acquisition of HashiCorp Inc. for $6.4 billion. HashiCorp disclosed the development in a regulatory filing released today. According to the document, both HashiCorp and IBM received a so-called second request from the FTC on Friday. A second request is a regulatory […]

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HP debuts AI-optimized OmniBook Ultra laptop, two new all-in-one desktops

Maria Deutscher — Mon, 15 Jul 2024 21:06:28 +0000

HP Inc. today debuted a new laptop, the OmniBook Ultra, that features a central processing unit optimized for artificial intelligence applications. The company is touting the device as the world’s highest-performance AI personal computer. It will make the OmniBook Ultra available alongside two new all-in-one desktops, the OmniStudio X 27 and OmniStudio X 27 31.5, […]

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Financial software provider OneStream files for $465.5M IPO

Maria Deutscher — Mon, 15 Jul 2024 18:53:53 +0000

OneStream Software LLC, a company that develops applications for accounting departments, today filed to list its shares on the Nasdaq stock exchange. The initial public offering will make 24.5 million shares available for investors at $17 to $19 apiece. OneStream plans to sell 18.1 million shares, while the rest is set to come from its […]

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