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Security

US sanctions Iranian, Russian entities over election interference efforts

By Maria Deutscher Jan 1, 2025

The U.S. Treasury Department on Tuesday sanctioned two Iranian and Russian organizations that attempted to interfere in the 2024 election. The move is the latest in a series of recent steps taken by U.S.…

AI

AI-powered mineral exploration company KoBold Metals raises $527M

By Kyt Dotson Jan 1, 2025

KoBold Metals, a Berkeley, California-based startup that specializes in using artificial intelligence to discover new deposits of metals critical for batteries and renewable energy, said today it has raised $527 million in equity funding.…

Infra

TikTok parent ByteDance plans to spend $7B on cloud-based GPUs this year to fuel its AI ambitions

By Mike Wheatley Jan 1, 2025

TikTok’s parent company ByteDance Ltd. reportedly has a plan to get around tough U.S. restrictions on the export of advanced computer chips to China. The company is said to be planning to spend a…

AI

Alibaba Cloud announces aggressive LLM price cuts in bid to dominate China’s AI market

By Mike Wheatley Jan 1, 2025

Alibaba Cloud said Tuesday that it’s slashing the price of access to its most advanced large language models by up to 85% in a bid to generate more interest from Chinese businesses. The move…

AI

LG debuts new Gram laptop series with onboard small language model

By Maria Deutscher Dec 31, 2024

LG Electronics Inc. today previewed a series of lightweight laptops that will ship with an onboard small language model. The company plans to reveal the Gram series, as it’s called, at the CES consumer electronics…

Infra

WWT to acquire Softchoice in $1.25B technology services deal

By Maria Deutscher Dec 31, 2024

World Wide Technology Holding Co. Ltd today announced plans to acquire rival Softchoice Corp. for $1.8 billion Canadian dollars, or about $1.25 billion. The all-cash offer values Toronto-based Softchoice at C$24.5 per share. That’s…

Security

US Army soldier arrested in connection with AT&T, Verizon data breaches

By Maria Deutscher Dec 31, 2024

Federal authorities have reportedly arrested a U.S. Army soldier in connection with a series of cyberattacks that compromised AT&T Inc. and Verizon Communications Inc. customers’ data. Prominent cybersecurity journalist Brian Krebs broke the news…

AI

Has the gen AI hype bubble burst? Analyzing the tactical CIO approach

By Victor Dabrinze Dec 31, 2024

Today’s hype cycle for generative artificial intelligence is booming. However, within that clamor is a growing sentiment, particularly among chief information officers, to tamper excitement with realism. CIOs are increasingly skeptical of the gen…

Emerging Tech

Qolab raises $16M to advance practical superconducting quantum computing

By Kyt Dotson Dec 31, 2024

Qolab Inc., a quantum computing company, said on Monday it has raised more than $16 million in early-stage funding in what the company says is a significant step in its mission to develop utility-scale…

Emerging Tech

Samsung invests $180M+ in Rainbow Robotics to become largest shareholder

By Kyt Dotson Dec 31, 2024

Samsung Electronics Co. Ltd. announced today that it will become the largest shareholder in Rainbow Robotics Inc., a South Korean robot maker, by increasing its stake in the company to 35% by spending more than…

explore news

US sanctions Iranian, Russian entities over election interference efforts

AI-powered mineral exploration company KoBold Metals raises $527M

LG debuts new Gram laptop series with onboard small language model

WWT to acquire Softchoice in $1.25B technology services deal

US Army soldier arrested in connection with AT&T, Verizon data breaches

Has the gen AI hype bubble burst? Analyzing the tactical CIO approach

Qolab raises $16M to advance practical superconducting quantum computing

Samsung invests $180M+ in Rainbow Robotics to become largest shareholder

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