Duncan Riley
Latest from Duncan Riley
Microsoft Corp. wants a slice of a market currently dominated by Facebook and Discord Inc., announcing today a new Microsoft Teams feature focused on supporting community groups. Named communities in Microsoft Teams, the service is pitched at groups such as recreational sports …
Apple reportedly scales back car plans, postpones launch date to 2026
Apple Inc. is reported to have scaled back its plans for a self-driving electric vehicle and postponed the launch date to 2026. Mark Gurman at Bloomberg reported today that the project, known internally as Titan, has been in limbo for several months as …
Rackspace confirms Hosted Exchange outage caused by ransomware attack
An outage that has affected Hosted Exchange customers of Rackspace Technologies Inc. has been confirmed by the company to be the result of a ransomware attack. In a statement today, Rackspace said that the ransomware attack was isolated to its Hosted Exchange business …
Zuora shares drop on weak outlook and staff layoffs
Shares of cloud subscription services company Zuora Inc. dropped in late trading following a weaker-than-expected outlook in its latest earnings report and an announcement that it would lay off 11% of its staff because of macroeconomic conditions. For its third quarter ended Oct. 31, …
SentinelOne shares flat on mixed earnings report
Shares in SentinelOne Inc. stayed flat in after-hours trading after the cybersecurity company delivered a mixed earnings report. For its third quarter ended Oct. 31, SentinelOne reported a loss before costs such as stock compensation of 16 cents per share, just over …
NMI acquires payments arm of Agreement Express to expand its commerce offering
Global payments company Network Merchants Inc. today revealed that it has acquired the payments solution arm of underwriting and onboarding software solutions provider Agreement Express Inc. to expand its commerce offering. Founded in 2001, Agreement Express offers a software-as-a-service platform that automates client …
Cloud identity and access startup Rezonate launches with $8.7M in funding
Cloud identity and access startup Rezonate Inc. today launched out of stealth mode with $8.7 million in funding to accelerate go-to-market efforts. State of Mind Ventures and Flybridge led the round, with toDay Ventures, Merlin Ventures and several individual investors also participating. The …
AI-based management platform startup Operative Intelligence raises $3.5M
Artificial-intelligence-based operational management platform startup Operative Intelligence Pty. Ltd. disclosed today that it has raised $3.5 million in new funding to scale up its customer intelligence product capabilities. The seed round was led by Bonfire Ventures, with Wonder Ventures also participating. Founded in 2019, …
Chinese government-linked hacking group allegedly stole $20M in COVID relief funds
A hacking group linked to the Chinese government is alleged to have stolen more than $20 million in COVID relief benefits, including U.S. Small Business Administration loans and unemployment funds in more than a dozen states. NBC reported today that the allegation comes …
Intel Labs and Penn Medicine study uses federated learning to increase brain tumor detection
Intel Labs and the Perelman School of Medicine at the University of Pennsylvania today released a joint research study that used federated learning, a distributed machine learning and artificial intelligence approach, to help healthcare and research institutions identify malignant brain tumors. The study …