Duncan Riley
Latest from Duncan Riley
The Celo Foundation, the group behind the Celo blockchain project, today announced the Alliance for Prosperity, a rival to Facebook Inc.’s Libra Foundation. The alliance, dubbed by some members the “new Rebel Alliance,” has 50 founding members across a range of industries, including …
Report: Troubled AR headset maker Magic Leap exploring possible sale
Troubled augmented reality company Magic Leap Inc. is said to be exploring its options, including a sale, according to an unconfirmed report. Bloomberg, citing people familiar with the matter, said the company is working with an adviser to consider strategic options that could include a …
Major tech firms meet with White House to discuss coronavirus response
Major tech companies attended a meeting with White House officials Wednesday to discuss ways they can provide a coordinated response to the coronavirus outbreak. The meeting was convened by the Office of Science and Technology Policy and included public health officials along with …
Study finds cybersecurity professionals still trust humans over AI
A new study from WhiteHat Security based on a survey of industry professionals at the RSA Conference has found that while more than half of organizations use artificial intelligence or machine learning in their security systems, nearly 60% are still more confident in …
Payments startup SpotOn raises $50M to boost product development
Payments startup SpotOn Transact Inc. announced today it has raised $50 million in new funding to continue the company’s investment into product development and building solutions for specific industries. The Series B round was led by 01 Advisors and included Dragoneer Investment Group, Franklin …
Microsoft leads effort to take down infamous malware-spreading Necurs botnet
Microsoft Corp. said Tuesday it has teamed with security firm Bitsight Technologies Inc. and others to take down the infamous Necurs botnet. The botnet, regarded as one of the world’s most prolific botnets, has infected more than 9 million computers worldwide and …
Two RSA Conference attendees test positive for coronavirus
Hacking and other security issues were the themes of this year’s RSA Conference, but it’s a new type of virus that the conference may be remembered: It turns out that at least two attendees of the conference were infected with the coronavirus. …
IT support solutions startup Electric.ai raises $14.5M from 01 Advisors
Information technology support solutions startup Electric.ai said today it has raised $14.5 million in new funding from 01 Advisors, the investment firm run by former Twitter Inc. Chief Executive Officer Dick Costolo and Twitter Chief Operations Officer Adam Bain. Founded in 2016, Electric …
Russian-linked Ryuk ransomware hits Durham, NC
The City of Durham, North Carolina and the County of Durham are the latest victims of a ransomware attack, with services taken offline over the weekend as officials attempted to contain and fix the infection. The attack vector is believed to have involved phishing. Local reports …
Stock trading app Robinhood goes down – yet again – on record day of trading
Popular online stock trading app Robinhood Market Inc. suffered its third major crash in a week, denying users the ability to trade on a day the Dow Jones Industrial Average suffered its single biggest point drop in history. Robinhood suffered its first major …