Duncan Riley
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Shares in GameStop Corp. surged today as users of Reddit Inc.’s r/WallStreetBets forum pumped the stock again, a near-repeat of a similar pump in January. GameStop shares, which opened regular trading at $46.05, well down from a high of $347.51 Jan. 27, …
Amazon’s Lookout for Vision spots defects and anomalies in visual representations
Amazon Web Services Inc. today announced the general availability of Amazon Lookout for Vision, a cloud service that uses machine learning to spot defects and anomalies in visual representation using computer vision. Designed with manufacturing companies in mind, the service can identify …
AI-powered industrial robotics startup Symbio Robotics launches with $20M round
Artificial intelligence-powered industrial robotics startup Symbio Robotics Inc. today officially launched with an announcement that it has raised $30 million. The funding round was led by ACMECapital and included Andreessen Horowitz, Eclipse Ventures and The House Fund. Founded in 2014, Symbio developers robotic systems …
Elon Musk tweet causes price of bitcoin to plunge
Anyone who follows cryptocurrency markets will know that you can never accuse them of being boring, never more true than in the last few days, as the price of bitcoin embarked on yet another roller-coaster ride — with Elon Musk at the …
Microsoft users targeted by fake FedEx and DHL emails
Users of Microsoft Corp. email services are being targeted by a new phishing scam that sends fake messages pretending to be from FedEx Corp. and DHL International GmbH. Detailed today by security researchers from Armorblox Inc., the phishing attack is known to have …
iFinex agrees to pay $18.5M to settle New York Tether lawsuit
iFinex Inc., the parent company of cryptocurrency exchange Bitfinex and the Tether stablecoin, has settled a long-running lawsuit filed by the New York Attorney General’s office in April 2019. The lawsuit claimed that Bitfinex and Tether engaged in “undisclosed, conflicted transactions to cover …
Shares in Square plummet after company discloses bitcoin investment
Shares in Square Inc. plummeted in after-hours trading after the financial services provider disclosed in its quarterly earnings report that it had purchased bitcoin at a time the cryptocurrency is declining in price. For the quarter ended Dec. 31, Square reported revenue …
Sophos partners with Qualcomm to provide endpoint protection to Snapdragon compute platforms
Sophos Group plc today announced a partnership with Qualcomm Inc. to provide its Intercept X endpoint protection to 5G personal computers powered by Qualcomm Snapdragon compute platforms. Qualcomm’s main 8cv compute platform, unveiled in December 2018, offers a seven-nanometer central processing unit …
Israeli IT automation platform startup Atera raises $25M
Israeli information technology automation platform startup Atera Networks Ltd. announced today it has raised $25 million in new funding led by K1 Investment Management to expand research and development, widen its geographic footprint and accelerate its market expansion efforts. Founded in 2011, Atera …
VC firm Sequoia Capital suffers data breach, investor information stolen
Sequoia Capital, one of the most famous venture capital firms in Silicon Valley has suffered a data breach with investor information likely stolen. Officially referred to by the firm as a “cybersecurity incident,” it’s believed that the attack vector was via an …