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Thoma Bravo’s LogRhythm merges with Exabeam in more cybersecurity consolidation

May 16, 2024

Private equity giant Thoma Bravo has announced that its security information and event management (SIEM) company LogRhythm will be merging with Exabeam, a rival cybersecurity company backed by the likes of Cisco and Lightspeed Venture Partners. SIEM is the business of using real-time data gleaned from servers, network devices, and applications to flag abnormal activity […]

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Temu accused of breaching EU’s DSA in bundle of consumer complaints

May 16, 2024

Consumer protection groups around the European Union have filed coordinated complaints against Temu, accusing the Chinese-owned ultra low-cost e-commerce platform of a raft of breaches related to the bloc’s Digital Services Act (DSA). Temu only launched in the region about a year ago but recently reported blasting past 75 million monthly users. Penalties for confirmed […]

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Senate study proposes ‘at least’ $32B yearly for AI programs

May 15, 2024

A long-running working group in the Senate has issued its policy recommendation for federal funding for AI: $32 billion yearly, covering everything from infrastructure to grand challenges to national security risk assessments. This “roadmap” is not a bill or detailed policy proposal, but nevertheless it gives a sense of the scale lawmakers and “stakeholders” are […]

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