Over the past few years, cyberattacks have become increasingly common in the western world. But despite the countless warnings from security experts, many countries in the West have failed to learn from the lessons of the attack that hit Ukraine in 2015. In December of that year, malicious software dubbed BlackEnergy afflicted the power grid… Continue reading Cybersecurity experts say the west has failed to learn lessons from Ukraine
Category: failed
Exactly Who Is the Investor Behind Virgin Orbit’s Failed $200 Million Rescue?
On April 2, 2021, news broke that Virgin Orbit had failed to secure a $200 million rescue package from an unnamed third-party investor. The news came as a shock to the public, and left many wondering who the unnamed investor was. At the time, Virgin Orbit had yet to make an official statement on the… Continue reading Exactly Who Is the Investor Behind Virgin Orbit’s Failed $200 Million Rescue?
First Citizens to acquire failed Silicon Valley Bank
The First Citizens Bank & Trust Company (First Citizens) has made news by announcing the acquisition of a failed Silicon Valley Bank (SVB). The acquisition, which was announced on August 14th, is seen as a deal that can be beneficial to both banks, as it will provide SVB with the capital and liquidity it needs… Continue reading First Citizens to acquire failed Silicon Valley Bank
How TikTok failed to make the case for itself
The rise of TikTok over the last two years has been nothing short of meteoric. It’s become one of the biggest social media platforms in the world, with over 800 million users and growing. But for all its success, TikTok still struggles to make the case for itself. TikTok’s appeal lies in its wide range… Continue reading How TikTok failed to make the case for itself
Baidu shares fall after Ernie AI chatbot demo disappoints
On April 16th, shares in Chinese technology giant Baidu Inc. plummeted after it unveiled a disappointing demonstration of its Ernie artificial intelligence (AI) chatbot. The demonstration, part of an event celebrating the 30th anniversary of Baidu’s founding in Beijing, showed a conversation between Ernie and its human interviewer where the robot failed to properly answer… Continue reading Baidu shares fall after Ernie AI chatbot demo disappoints
Silicon Valley Bank has failed
The news of Silicon Valley Bank’s failure is a major blow for the global economy. Founded in 1983, Silicon Valley Bank (SVB) was once a powerhouse of innovation and financial services, offering trillions in loans and venture capital to hundreds of tech start-ups. With its extensive network of relationships in the tech and venture capital… Continue reading Silicon Valley Bank has failed
Google’s cloud gaming ambitions died with Stadia, exec reveals
Google Stadia, the online gaming platform from Google, promised to revolutionize the way gamers experienced their games. The platform was released in November of 2019 and promised to bring game streaming to the masses with its affordable subscription service. However, it appears Google’s dream of revolutionizing the world of gaming with Stadia has come to… Continue reading Google’s cloud gaming ambitions died with Stadia, exec reveals
Virgin Orbit’s botched launch highlights shaky financial future
On the morning of May 25, Virgin Orbit, the space exploration company founded by billionaire Richard Branson, attempted its first ever rocket launch. The launch was intended to demonstrate the company’s ability to provide cost-effective launches to space. However, the attempt failed shortly after takeoff, ending any chance of success. The botched launch has become… Continue reading Virgin Orbit’s botched launch highlights shaky financial future