Techstreet Now - Techstreet Now (Page 200)

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TECH NEWS

Sources: CXMT and Tencent sign a ~$3B, three-year DRAM supply agreement for servers ahead of CXMT's IPO; CXMT is in talks with other major Chinese companies

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TECH NEWS

Bluekit Phishing Kit Uses Browser-in-the-Middle Attacks to Evade Detection

A new phishing-as-a-service (PHaaS) platform called Bluekit is letting cybercriminals steal user accounts using a tricky method. While Varonis Threat Labs first spotted and reported the platform earlier this year, it appeared to be in development at that time. New data shows it is now fully active on a large

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TECH NEWS

An interview with Axon CEO Rick Smith, who transformed the Taser maker into a policing software company, as its revenue from AI policing tools rises 700%+ YoY

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TECH NEWS

The Func. Lab Raises $1.5 Million Seed Funding; Nisaba Godrej, Anand Piramal and Bhakti Modi Among Investors

Nutrition startup The Func. Lab has raised $1.5 million in a seed funding round from a group of strategic investors, including Nisaba Godrej, Executive Chairperson of Godrej Consumer Products; Anand Piramal, Executive Director of Piramal Group; former Indian cricketer and coach Abhishek Nayar; Bhakti Modi, Co-Founder of Tira; Harsh

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TECH NEWS

China’s CXMT wins a reported $3bn memory deal with Tencent

ChangXin Memory Technologies has agreed to supply Tencent with roughly $3bn of memory chips, two people familiar with the matter told Reuters, in a deal that would bind one of China’s largest cloud operators to its largest homegrown DRAM maker. Neither company has confirmed the agreement publicly, and the

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TECH NEWS

Australia moves to double Big Tech fines and arm its regulator over the under-16 ban

Six months after Australia became the first country to bar under-16s from social media, the government has concluded that the platforms are not taking the rule seriously enough, and is preparing to make the consequences of ignoring it considerably more expensive. New legislation announced this week would roughly double the

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TECH NEWS

Prosus profit roughly doubles as its e-commerce bets and Tencent stake pay off

For years Prosus was, in effect, a single bet wearing the costume of a diversified investor: a sprawling portfolio whose value rose and fell with one Chinese asset. Its latest results suggest the costume is becoming the company. Prosus reported revenue of about $7.3bn for the financial year ended

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TECH NEWS

Amazon’s rapid-delivery push wipes $15bn off India’s Eternal and Swiggy

Amazon spent years circling India’s quick-commerce market without committing to it. Investors have now decided the circling is over, and they have repriced the incumbents accordingly. Shares in Eternal, the parent of grocery-delivery leader Blinkit, and in rival Swiggy have fallen sharply as Amazon accelerates its rapid-delivery business in

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TECH NEWS

Nearly 400 local newspapers sue OpenAI and Microsoft over copyright

A coalition that owns nearly 400 local US newspapers has sued OpenAI and Microsoft. The publishers call AI training on their reporting a death knell for local journalism. It is the largest copyright case the local press has brought yet. Local newspapers report the meetings no algorithm attends. The council

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TECH NEWS

Germany’s AI rollout is being sold as a fix for its worker shortage

The case for artificial intelligence in Germany is being made, increasingly, in the language of arithmetic rather than ambition. The country does not have enough workers, and AI is being pitched as a way to need fewer of them. The concrete version of that pitch is small and unglamorous. A

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TECH NEWS

OpenAI hires Apple’s Vision Pro chief Paul Meade

Paul Meade, Apple’s Vision Pro chief, is leaving to build OpenAI’s devices. It is the most senior Apple defection yet, and it points the AI hardware talent war straight at Cupertino. Apple does not lose vice presidents to rivals. That is the unwritten rule, and for years it

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TECH NEWS

Ex-Anthropic researchers raise $200M for self-improving AI

Mirendil, founded by two researchers who left Anthropic after barely a year, has raised $200m at a $1bn valuation. The pitch: sell the self-improving AI that the big labs build for themselves and guard from everyone else. The biggest AI labs share one private conviction. The fastest way to build