Brava secures $15M to help security teams find threats their systems miss
Artificial intelligence is changing how enterprises approach cybersecurity, particularly within security operations centers. The promise is straightforward. AI agents can analyze …
Huawei tells some clients to source their own HBM, report says
Huawei has told some customers that its next flagship AI chip, the Ascend 960DT, will run largely on Samsung and SK Hynix memory, The Information reported. US export rules bar bot…
Revolut’s valuation jumps 53% to $115B in new share sale as it prepares to launch US bank
Glade Brook, Coatue and T. Rowe Price were among the investors that led the share sale.
SpaceX signs multi-year Qualcomm deal for tens of thousands of 5G sites
SpaceX has selected Qualcomm to supply the technology powering the ground-based 5G network behind Starlink Mobile, its planned US mobile service. Qualcomm announced the agreement …
Drax plans a £20B AI data centre at Britain’s largest power station
Drax runs Britain’s largest power station, in North Yorkshire. It plans to build an AI data centre there with Brookfield and Radiant, Brookfield’s UK-based AI infrastructure busin…
Google says a certified partner turned 1.3M Android TV boxes into a botnet
Google and its partners have shut down XCPE, a botnet that ran on more than 1.3 million Android TV boxes. Google says the device maker built it in on purpose, its Threat Intellige…
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Most leaked logins are old, but infostealers reach 72% of firms
Infostealer malware exposed at least one employee or customer login at 72% of the 4,824 companies analysed across the US and Europe over the past year, according to research publi…
South Korea will nearly double AI spending to $16B in a record budget
South Korea will spend 21.3 trillion won (about $16 billion) on AI, chips and AI data centres next year. President Lee Jae Myung set out the plan in his budget speech to the Natio…
Aramco’s profit rises to $31.2B as it takes 49% of Saudi AI firm HUMAIN
Saudi Aramco’s adjusted net income rose to $31.2 billion in the third quarter, from $28.6 billion a year earlier. The state oil company reported the figures in its results on Tues…
India’s EloElo raises $80M from NBCUniversal and Hornbill for Story TV
EloElo Group, the Bengaluru company behind the Indian microdrama app Story TV, has raised $80 million in a Series C round. Hornbill Capital and NBCUniversal co-led it, the company…
Emirates SkyCargo launches AI Tech to fly server racks, chips and GPUs
Emirates SkyCargo has a new product for companies building out artificial intelligence. AI Tech is designed to move critical and sensitive AI infrastructure safely and on time, th…
Bitcoin briefly hits multi-week low as Democrats win Congress
Bitcoin briefly fell to its lowest level in six weeks on Wednesday after Democrats won control of both the US Senate and House of Representatives in the midterm elections. The res…
Canva lays off over 1,200 people amid slowing growth
Canva is cutting 22% of its staff as it faces its 'hardest year' yet.
Binance says a fake job interview led to its $6.3B hack
Binance says the hackers behind its $6.3bn theft spent five months gaining access to employees’ computers before using an internal AI tool to take control of the exchange’s wallet…
bit.bio raises $25M Series D as demand for its human cell models grows
Cambridge-based biotech company bit.bio has raised $25M in a Series D round, ten months after securing its previous investment. The company announced the new funding on Wednesday,…
Canva’s first job cuts affect 22% of staff in its ‘hardest moment’
Canva is restructuring in a way that affects 1,271 people, or 22% of the company. Some staff will lose their jobs, others will change roles and some will be asked to relocate. Co-…
Tesla reportedly faces Korean complaint over Full Self-Driving sales
South Korean consumer group plans to accuse Tesla of misleading tens of thousands of buyers over its Full Self-Driving (FSD) software. The group says most of Tesla’s cars in the c…
Alex Stamos says giving AI agents your financial logins is ‘totally insane’
Handing an AI agent the passwords to your financial life is “totally insane”, says Alex Stamos. He is Meta’s former chief security officer. Stamos made the remarks on a recent epi…
Oracle cancels $7B Tencent AI chip lease under US pressure, FT reports
Oracle has scrapped a chip leasing deal with Tencent worth an estimated $7bn after the Trump administration leaned on it, according to a Wednesday report in the Financial Times. U…
Supermicro will sell SambaNova’s inference chips alongside Nvidia GPUs
Supermicro will build and sell AI inference systems that pair SambaNova’s SN50 chips with Nvidia GPUs, the companies said on Tuesday. The collaboration initially plans for 10,000 …
EIC Scaling Club deep tech scale-ups raised €4bn after joining, report says
European deep tech companies in the European Innovation Council’s (EIC) Scaling Club have raised €4.06bn since joining the programme, according to a new report published by the in…
Qualcomm says its first HBC chips for the Dragonfly AI250 pass lab tests
Qualcomm has completed testing the first chips built with its High Bandwidth Compute (HBC) memory technology, clearing a key step towards using it in data centre AI hardware. The …
Traversal raises $120M at a $1B valuation to fix what AI code breaks
Traversal, a New York startup whose AI agents find out why company software breaks, has raised $120 million in a Series B round. The deal values it at $1 billion, the company anno…