The European Commission, the executive branch of the European Union, is reportedly preparing to fine Apple Inc. €500 million ($539 million) for allegedly breaking EU law by restricting access to competitors to favor Apple Music on the iPhone. The Financial Times, citing five people with direct knowledge of an antitrust investigation into Apple, said the fine ...

Google LLC today announced a new AI Cyber Defense Initiative and proposed a new policy and technology agenda aimed at harnessing the power of artificial intelligence to bolster cybersecurity defenses globally. The new initiative is designed to counteract evolving threats by leveraging AI’s capabilities to enhance threat detection, automate vulnerability management and improve incident response efficiency. ...

OpenAI today announced Sora, a new text-to-video model that can generate videos up to a minute long while maintaining visual quality and adherence to the user’s prompt. Text-to-video is arguably the next big thing in artificial intelligence and OpenAI isn’t the first to the party. Meta Platofrms Inc., Google LLC and Runway AI Inc., among others, ...

Shares in Coinbase Global Inc. surged over 12% in late trading today after the cryptocurrency exchange provider surprised investors by smashing quarterly revenue expectations and reporting a profit, driven by bitcoin price rises seeing investors return to cryptocurrency markets. For its fourth quarter that ended Dec. 31, Coinbase reported adjusted earnings per share of $1.04, ...

Shares in Appian Corp. closed regular trading up over 12% today after the business automation software provider reported better-than-expected earnings and revenue in its most recent quarter. For its fourth quarter that ended Dec. 31, Appian reported adjusted earnings per share of six cents, up from a loss of 28 cents per share in the same ...

Data protection firm BigID Inc. today announced new access governance capabilities that allow organizations to improve security posture, mitigate insider risk, achieve zero-trust security and accelerate artificial intelligence compliance. With a focus on remediating overexposed sensitive data and over-privileged users, the new access governance controls allow customers to monitor, manage and revoke access to sensitive data across ...

Full-stack authorization-as-a-service startup Permit.io today announced that it has raised $8 million in new funding to scale up its platform and build its sales presence in the U.S. Founded in 2021 as Permit Inc., the company offers a platform designed to eliminate the need for developers to create permissions from scratch. The company provides a plug-and-play, full-stack framework that ...

Google LLC today announced its second growth academy for cybersecurity startups, with this year’s program taking in 17 promising startups across Europe and the U.S. that are using artificial intelligence technology to innovate in the cybersecurity market. The first Google for Startups Growth Academy: Cybersecurity program was launched last year and featured 15 European cybersecurity ...

Shares in Pegasystems Inc. jumped more than 14% in late trading today after the business process management software provider surprised investors and analysts with strong earnings and revenue beats in its most recent quarter. For its fourth quarter that ended Dec. 31, Pegasystems reported adjusted earnings per diluted share of $1.77, up from 82 cents in the ...

Shares in Twilio Inc. were down nearly 10% in late trading today after the communications tools provider forecast lower-than-expected revenue in its next quarter. For the quarter that ended Dec. 31, Twilio reported adjusted earnings per diluted share of 86 cents, up from 22 cents in the same quarter of last year, on revenue of ...