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Security

Illinois college closes partly from impact of cyberattack

By Duncan Riley May 9, 2022

A rural college in Illinois is closing down partly as a result of a cyberattack that struck the education facility in December. Lincoln College described the attack only as a “cyberattack” that thwarted admissions…

Emerging Tech

Uber to slash marketing and incentive costs, treat hiring as a ‘privilege’

By Duncan Riley May 9, 2022

Uber Technologies Inc. Chief Executive Dara Khosrowshahi has told staff in an email that the company plans to slash costs on marketing and incentives and will treat hiring as a “privilege.” The email, which…

Policy

Clearview AI to stop selling its controversial facial recognition technology to US firms

By James Farrell May 9, 2022

Clearview AI Inc. today agreed that it will not sell its facial recognition technology to most private firms in the U.S. in a settlement that was reached at a federal court in Illinois. The…

Blockchain

Bitcoin drops to lowest level since July amid broader fall in equity markets

By Duncan Riley May 9, 2022

The price of bitcoin dropped below $30,000 today, its lowest since July 2021, as investors sold the cryptocurrency amid a broader fall in equity markets. Although it’s easy to pay attention to the drop…

Cloud

DevOps company JFrog adds new customers and its revenue grows 41%

By Mike Wheatley May 9, 2022

Shares of the DevOps company JFrog Ltd. ticked upward in after-hours trading today after it posted mixed results for its fiscal first quarter. The company reported break-even earnings before certain costs such as stock…

Cloud

RingCentral posts solid earnings beat, names new CFO and its stock rises

By Mike Wheatley May 9, 2022

RingCentral Inc.’s stock rose in after-hours trading today after the company posted a solid earnings beat and issued strong guidance for the upcoming quarter. The cloud communications provider reported first-quarter earnings before certain costs such…

Infra

Cisco rethinks office space design to optimize for hybrid work

By Zeus Kerravala May 9, 2022

There should be no doubt that hybrid work is here to stay. We are more than two years since the work-from-home period of the pandemic began and businesses have been all over the map…

Big Data

Pyramid Analytics raises $120M for its AI-powered data analytics platform

By Maria Deutscher May 9, 2022

Data analytics provider Pyramid Analytics Inc. today announced that it has closed a $120 million funding round led by H.I.G. Growth Partners. Founded in 2008, Pyramid provides a data analytics platform that competes with…

AI

AI startup Hugging Face raises $100M in funding at $2B valuation

By Maria Deutscher May 9, 2022

Hugging Face Inc., the operator of a popular platform for hosting artificial intelligence models, today announced that it has closed a $100 million funding round led by Lux Capital. Lux Capital was joined by…

Big Data

Palantir shares plunge on mixed first-quarter earnings and guidance

By Maria Deutscher May 9, 2022

Palantir Technologies Inc. today posted mixed first-quarter financial results and a lower-than-expected revenue guidance, sending its shares tumbling more than 20% on the Nasda exchange. The Denver, Colorado-based company makes software that enables organizations…

all stories

Illinois college closes partly from impact of cyberattack

Uber to slash marketing and incentive costs, treat hiring as a ‘privilege’

Clearview AI to stop selling its controversial facial recognition technology to US firms

Bitcoin drops to lowest level since July amid broader fall in equity markets

DevOps company JFrog adds new customers and its revenue grows 41%

RingCentral posts solid earnings beat, names new CFO and its stock rises

Cisco rethinks office space design to optimize for hybrid work

Pyramid Analytics raises $120M for its AI-powered data analytics platform

AI startup Hugging Face raises $100M in funding at $2B valuation

Palantir shares plunge on mixed first-quarter earnings and guidance

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