If the bubble isn't popping already, it'll pop soon, say many investors and close observers of the AI industry. If past bubbles are a benchmark, the burst will filter out companies with no solid business models and pave the way for more sustainable growth for the industry in the long term.
California enacted regulation to crack down on the misuse of artificial intelligence as Gov. Gavin Newsom on Tuesday signed five bills focused on curbing the impact of deepfakes. The Golden State has been on the national forefront of tech regulation.
Norwest Venture Partners led a $33 million Series C round to accelerate Intezer's product development, strengthen AI models and broaden security alert coverage. The funding will enable the New York-based company to offer more support for cloud security while growing its customer success teams.
BlackCloak’s $17 million Series B funding round will help the company triple its engineering and product teams, enhancing cybersecurity for executives and high-net-worth individuals. The funding will help BlackCloak address emerging issues such as deepfakes and threat intelligence and modeling.
Thoma Bravo has begun interviewing underwriters as it explores an initial public offering for SailPoint, Bloomberg reported last week. The private equity firm hasn't finalized details, including the timing of a potential listing for the identity governance and administration vendor.
Strider Technologies has raised $55 million in a Series C funding round to strengthen its AI capabilities and fuel global expansion efforts. The money will enhance the company’s AI-driven insights, support business with government agencies, and fuel international expansion in Europe and Asia.
The Irish data regulator launched an investigation to determine Google's compliance with a European privacy law when it was developing its PaLM 2 artificial intelligence model. Google launched the multilingual generative AI model last year.
Welcome to Information Security Media Group's Black Hat and DEF CON 2024 Compendium featuring latest insights from the industry's top cybersecurity researchers and ethical hackers, as well as perspectives from CEOs, CISOs and government officials on the latest trends in cybersecurity and AI.
This week, Indodax was hacked, Angel Drainer resurfaced, Russia developed Infra crypto, GS Partners settled with U.S. states, Caroline Ellison to be sentenced Sept. 24, FCA prosecuted first unregistered crypto case, Nigeria set new crypto regulations, and India may approve offshore crypto firms.
Mastercard plans to buy threat intelligence firm Recorded Future for $2.65 billion to enhance cyber resilience and offer greater protection and trust around digital transactions. The deal will enhance Mastercard's identity, fraud prevention services by helping businesses identify and mitigate risk.
Data integrity, collection, analytics - they all are essential for compliance reporting, and yet each remains a challenge for enterprises across business sectors. Siva Vrs of Wipro discussed the pain points with compliance in the cloud era and Wipro's partnership with AWS to alleviate them.
In this interview with...
Hellman & Friedman has met with several investments banks in recent weeks and will choose one to run the sale process for Paramus, New Jersey-based Checkmarx, in which it hopes to get at least $2.5 billion, Calcalist reported. The private equity firm bought Checkmarx for $1.15 billion in April 2020.
The U.S. federal government is preparing to collect reports from foundational artificial intelligence model developers, including details about their cybersecurity defenses and red-teaming efforts. The Department of Commerce said it wants thoughts on how data should be safety collected and stored.
Darktrace has promoted COO Jill Popelka to CEO, replacing long-time leader Poppy Gustafsson. As the cybersecurity AI vendor prepares to finalize its sale to Thoma Bravo, Popelka will steer Darktrace into its next phase of growth. Gustafsson will join the board as a non-executive director.
The FBI's Internet Crime Complaint Center on Monday issued a report revealing victims filed more than 69,000 public complaints related to cryptocurrency fraud and $5.6 billion in financial losses in 2023, while investment scams made up the bulk of losses throughout the year.
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