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Loft Dynamics raises $20M to train helicopter pilots with virtual reality
Loft Dynamics AG, a Swiss startup that uses virtual reality to train helicopter pilots, said today that it has raised $20 million in its first institutional funding round to help expand the company’s reach into international markets, including the United States where there’s a pilot shortage. Investors for the round included U.S. investors Craft Ventures, ...
USDC stablecoin issuer Circle and Concord end SPAC deal
Circle Internet Financial Inc., the issuer of a cryptocurrency pegged to the U.S. dollar, and publicly traded special-purpose acquisition company Concord Acquisition Corp. today announced that the two companies mutually ended a proposed merger. The deal was originally proposed by the two companies in July 2021 as a merger between Circle and Concord that valued ...
DOJ watchdog seeks independent examiner to oversee FTX bankruptcy case
The United States Office of Trustee, an arm of the Department of Justice, filed a motion Thursday in the U.S. bankruptcy court of Delaware asking for the appointment of an independent examiner to investigate the collapse of cryptocurrency exchange FTX Trading Ltd., stating that a neutral party is needed. The review was requested citing “substantial ...
Fleek raises $25M to provide content delivery for Web3 developers
Fleek, a developer platform for Web3, announced Thursday that it has raised $25 million in new funding led by Polychain Capital to build a decentralized content delivery and hosting network for Web3 developers. Additional investors joining in the Series A round included Protocol Labs, Arweave, Coinbase Ventures, Digital Currency Group, North Island Ventures, Distributed Global, ...
AWS simplifies creation of cloud applications for developers with new tools
Amazon Web Services Inc. today introduced a number of new capabilities designed to simplify how enterprise developers build cloud applications without having to manage computer servers. During a keynote, Amazon Chief Technology Officer Werner Vogels (pictured) explained that operating systems, the base of our digital world, are event-driven and that the world itself is similarly ...
Crypto exchange Kraken lays off 30% of workforce amid market drop
Cryptocurrency exchange Kraken said that it’s laying off about 1,100 of its employees, or 30% of its global workforce, in an announcement on Wednesday, citing falling crypto markets and declining trade volumes. Describing the company’s position, Kraken co-founder and Chief Executive Jessie Powell said that over the past few years “hundreds of millions of users ...
AWS rolls out new database and analytics tools for data management at scale
Amazon Web Services Inc. announced five new capabilities across its database and analytics products today during AWS re:Invent designed to provide customers the tools needed to help them manage and analyze data at petabyte scale. Amazon announced capabilities coming to DocumentDB, OpenSearch Service and interactive query service Athena that will enhance high-performance database analytics at ...
IBM, Maersk pull the plug on blockchain-based TradeLens shipping platform
Computing giant IBM Corp. and Danish shipping company A.P. Moller – Maersk are discontinuing their blockchain-enabled shipping platform, TradeLens, which was jointly developed by the two companies for tracking shipments and managing supply chains in the container industry. Maersk announced late Tuesday that the platform had failed to meet its commercial goals necessary to sustain ...
AWS previews Security Lake to centralize security data management
Amazon Web Services Inc. announced the preview of a new purpose-built cybersecurity service today at AWS re:Invent that automatically centralizes an organization’s security data from cloud and on-premises sources into a data lake in order to ease security data management. The new service, called Amazon Security Lake, manages security data throughout its lifecycle from multiple ...
AWS debuts new custom Graviton3E chip for high-performance computing in the cloud
Amazon Web Services Inc. revealed new central processing chip hardware for its Elastic Compute Cloud last night during the Monday evening infrastructure keynote at AWS re:Invent alongside a new version of its Nitro hypervisor and new instances that will take advantage of the hardware. Amazon says the new chip, dubbed the Graviton3E, upgrades the current ...