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A recent report from Citigroup predicts a significant rise in banking profits, driven by the adoption of AI, with projections soaring to nearly$2 trillion by 2028 from the current$1.7 trillion. While AI has traditionally been used...
Micron Technology surpassed revenue expectations in the third quarter due to robust demand for its memory chips, particularly in AI applications. However, its fourth-quarter revenue forecast, while meeting expectations, disappoint...
Sequoia Capital is leading a$16 million investment in Dust, a French startup founded by former OpenAI researcher Stanislas Polu. Dust specialises in crafting bespoke AI bots for enterprises, leveraging advanced language models lik...
Small businesses in the United States increasingly turn to AI to improve their operations, although many encounter significant challenges during implementation. According to research conducted by Morning Consult on behalf of Visa,...
BlackBerry surpassed expectations for Q1 revenue by reporting$144 million, exceeding the estimated$134.1 million by analysts. The Canadian firm credits this achievement to a strong demand for cybersecurity services in response to ...
The Israel Innovation Authority has announced plans to launch a tender next month to establish a supercomputer dedicated to training domestic large language models (LLMs). Announced at an event at Tel Aviv University, CEO Dror Bin...
Due to strong demand from US tech companies, the French cloud services provider OVHcloud exceeded its Q3 revenue expectations. Despite economic challenges affecting cloud spending in Europe, OVHcloud experienced a significant 15.9...
Arkansas-based Evolve Bank and Trust confirmed a cyberattack that led to customer data being leaked on the dark web. The cybercrime group Lockbit 3.0 claimed responsibility for the hack, demanding a ransom from the Federal Reserve...
Microsoft has stated it will keep providing eligible customers in Hong Kong with access to OpenAI's AI models, like ChatGPT, via its Azure cloud platform. The decision stands despite OpenAI's recent move to restrict API access fro...
A recent report from SentinelLabs and Recorded Future analysts contends that cyberespionage groups have increasingly turned to ransomware as a strategic tool to complicate attribution, divert attention from defenders, or as a seco...
European defence technology startup Helsing is currently in negotiations to secure nearly$500 million from investors in Silicon Valley, including Accel and Lightspeed Venture Partners, amounting to$4.5 billion. This valuation mark...
The US Department of Justice has charged a Russian individual for allegedly conspiring to sabotage Ukrainian government computer systems as part of a broader hacking scheme orchestrated by Russia in anticipation of its unlawful in...
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