As the world transitions into a new era of technology, Artificial Intelligence (AI) is becoming an increasingly important tool for business and industry. In particular, AI-powered Generative AI has the potential to reshape the way we work, dramatically changing the roles and responsibilities of millions of people employed in the world’s major economies. According to… Continue reading Generative AI set to affect 300 million jobs across major economies
Category: million
Cops Used Creepy Clearview AI a Million Times, CEO Says
In a stunning revelation, the CEO of Clearview AI has admitted that law enforcement has used the company’s facial recognition database a staggering one million times since 2019. This confirmation from CEO Hoan Ton-That comes on the heels of numerous reports that the technology is used by police departments across the country, sparking a public… Continue reading Cops Used Creepy Clearview AI a Million Times, CEO Says
Aerospace raises
Isar Aerospace Technologies Inc., a German rocket company, has raised $165 million as part of its latest financing round. The funding will help the company to launch its first commercial satellites with its Isar One rocket by 2021 and bring more sovereign launch capabilities to Europe. The announcement comes after Isar raised $22 million in… Continue reading Aerospace raises
Twitter Blue relaunched has made just $11M on mobile in its first 3 months
Twitter’s subscription-based social media platform “Twitter Blue” has recently relaunched, but its performance so far has been lackluster at best. According to reports, Twitter Blue brought in a disappointing $11 million in mobile payments over the course of its first three months. Twitter Blue was introduced earlier this year as an add-on subscription to the… Continue reading Twitter Blue relaunched has made just $11M on mobile in its first 3 months
Virgin Orbit Reportedly Close to $200 Million Rescue Deal After Launch Failure
Virgin Orbit, the California-based small satellite launch service, is reportedly close to sealing a $200 million rescue deal after its first launch attempt failed. The company was tipped to be in advanced talks with a private investment group to secure the new funding. The news of the potential financial rescue comes in the wake of… Continue reading Virgin Orbit Reportedly Close to $200 Million Rescue Deal After Launch Failure
Hackers drain bitcoin ATMs of $1.5 million by exploiting 0-day bug
The increase in the use of cryptocurrency has not gone unnoticed by hackers. One incident in particular – when hackers exploited an unknown vulnerability (also known as a 0-day bug) to drain Bitcoin ATMs of $1.5 million – has captured headlines in the cryptocurrency community. According to reports, the hackers hacked into 14 Bitcoin ATMs… Continue reading Hackers drain bitcoin ATMs of $1.5 million by exploiting 0-day bug
eToro secures
EToro, an Israeli-based global investment platform, has announced that it has secured $250 million at a post-money valuation of $3.5 billion, after scrapping its plan to launch a Special Purpose Acquisition Company (SPAC). The $250 million raised will be used to help drive eToro’s international expansion, accelerate product innovation and develop its asset management business.… Continue reading eToro secures
27 Million Indians Lose Internet Access as Punjab Police Hunt Sikh Separatist
On 9th August 2020, the Punjab Police of India shut down the entire internet connection in several districts of the state as it launched a statewide crackdown against a prominent Sikh separatist group. This abrupt decision led to 27 million people without access to the internet, creating a digital blackout. According to the reports, the… Continue reading 27 Million Indians Lose Internet Access as Punjab Police Hunt Sikh Separatist
Feds seized $2.7 million of Chinese billionaire’s money from Trump-aligned social network
The Federal Government of the United States recently seized a shocking $2.7 million of a Chinese billionaire’s funds that were linked to a Trump-aligned social network. The Attorney General announced that this money was seized from “GTV Media Group”, a company owned by Chinese billionaire Guo Wengui. GTV Media Group was founded in 2017 and… Continue reading Feds seized $2.7 million of Chinese billionaire’s money from Trump-aligned social network
A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down
When news of the global financial crisis began to hit Silicon Valley in the spring of 2008, venture capital firms felt the reverberations. But no firm felt the pressure more intensely than SVB Financial Group, a financial services company with a roster of venture capitalists who had been making big investments in startup companies for… Continue reading A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down