What War in The Middle East Means for US Stock Market
Call me crazy, but I don’t see a war breaking out in the world’s oil basin as being a catalyst for stocks moving higher. Especially with inflation being the most…
Defense official reveals how AI chatbots could be used for targeting decisions
The US military might use generative AI systems to rank lists of targets and make recommendations about which to strike first, which would then be vetted by humans, according to a Defense official with knowledge of the matter. The disclosure about how the military may use AI chatbots comes as the Pentagon faces scrutiny over…
What drove online used car marketplace Shift to file for bankruptcy
Shift Technologies, the San Francisco-based online used car startup-turned-publicly traded company, filed this week for Chapter 11 bankruptcy. The short story, according to recent filings, is that the company’s deteriorating cash position and inability to obtain further financing drove the company to file for bankruptcy and begin the process of closing down the business and […]
SumUp’s valuation falls as low as $4.1B, as Groupon and others sell off their stakes
Adyen lost $13 billion in market cap last month when investors scrambled to sell shares after the payments company missed quarterly revenue targets. But it’s not the only one facing the music in fintech. Shares in SumUp, a privately-held European payment technology business that focuses on point-of-sale transactions, are currently are being sold in inside […]
Cash-strapped EV maker Arrival lays off yet more workers
Arrival just warned investors that it’s slashing its workforce yet again. The electric van maker said on Tuesday that it “took actions” on October 5 to “further reduce its operating costs.” Those actions include letting go of “up to approximately 25%” of its workers, the company stated in a letter to investors. Arrival last announced […]
Hackers advertised 23andMe stolen data two months ago
Genetic testing company 23andMe has been investigating a security incident after hackers advertised a trove of alleged stolen user data on a hacking forum last week. But the alleged stolen data may have been circulating for much longer than first known. TechCrunch has also found that some of the advertised stolen data matches known 23andMe […]
Israeli Tech Leaders Are Leaving Their Businesses For Battle: ‘I Want to Be Part of the People Protecting Our Country’
In addition to volunteers, Israel has drafted 300,000 reservists following Hamas’ attack.
Federal judge throws out $32.5 million win for Sonos against Google
A California judge has thrown out a $32.5 million verdict win for Sonos against Google after two of Sonos’ patents were deemed unenforceable and invalid. As a result, Google has started to re-introduce software features it had removed due to Sonos’ lawsuit. In a decision dated October 6, U.S. District Judge William Alsup said that […]
Arctic Wolf acquires cybersecurity automation platform Revelstoke
Arctic Wolf, a cybersecurity company that’s raised hundreds of millions of dollars in debt and equity, today announced that it plans to acquire Revelstoke, a company developing a security orchestration, automation and response (SOAR) platform, for an undisclosed amount. In a blog post, Arctic Wolf chief product officer Dan Schiappa said that the acquisition would […]
‘You’re Not Old Until You Act Old’: Mark Cuban’s Advice on How to Stay Entrepreneurial Even When Considering Retiring
The “Shark Tank” star and entrepreneur is worth an estimated $5 billion.
As misinfo circulates on X amid the Israel-Hamas war, reporters look to other platforms
In the wake of increasing misinformation related to the Israel-Hamas war now circulating on X, the app formerly known as Twitter, a number of journalists are building up their networks on rival platforms. The shift, though potentially small in terms of raw user numbers, could have an outsized impact on X, where power users create […]