cyano66 | iStock | Getty Images Recent weeks have been filled with cyberattack-related news, leaving companies scrambling to address the aftermath. It all began last Wednesday, when Johnson Controls announced that it had fallen victim to a cyberattack. The company stated that it had experienced disruptions to its internal IT infrastructure and applications. The financial …
The Snapchat application on a smartphone arranged in Saint Thomas, Virgin Islands, Jan. 29, 2021. Gabby Jones | Bloomberg | Getty Images Snap is currently being investigated in the U.K. due to privacy concerns surrounding the company’s generative artificial intelligence chatbot. The Information Commissioner’s Office (ICO), the data protection regulator in the country, issued a …
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon’s Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida, United States. Paul Hennessey | Anadolu Agency | Getty Images United Launch Alliance Atlas V …
Freedom Holding, a Kazakh financial firm traded on Nasdaq, is currently being investigated by federal prosecutors and the Securities and Exchange Commission (SEC) over compliance issues, insider stock trading, and ties to sanctioned individuals, according to CNBC sources and documents. The SEC’s Boston office has been investigating Freedom for several months, while the US Attorney’s …
The company’s prototype vehicle “Hopper2” flies during a low-altitude launch and landing demonstration on Sept. 17, 2023 in Moses Lake, Washington. Stoke Space Washington-based startup Stoke Space has secured $100 million in new funding in its pursuit to develop a fully reusable rocket called “Nova.” The latest investment round for Stoke was led by Industrious …
Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images Lazada, a Southeast Asian e-commerce marketplace owned by Alibaba, is actively seeking sellers impacted by Indonesia’s recent e-commerce regulation, said James Chang, the company’s Indonesia CEO, in a town hall …
John Giannandrea David Paul Morris | Bloomberg | Getty Images Apple considered buying the Bing search engine or making a “multibillion-dollar investment” in a joint venture with Microsoft in 2018, according to a transcript of testimony from Apple’s head of machine learning and former Google exec John Giannandrea that was recently unsealed. During that time, …
The U.S. Securities and Exchange Commission has filed a lawsuit against Elon Musk, seeking to compel the billionaire to testify regarding his purchase of Twitter last year. In a complaint filed in the Northern District of California, the SEC’s attorneys alleged that Musk failed to appear for a scheduled testimony on September 15th, in violation …
Employees working in Precision’s manufacturing facility Courtesy: Precision Neuroscience Precision Neuroscience, a neurotech startup, has made a significant development with its acquisition of a factory in Dallas. This factory will enable the company to build the key component of its brain implant, known as the Layer 7 Cortical Interface. By having its own manufacturing facility, …
Ofcom has launched an investigation into the dominance of Microsoft and Amazon in the cloud computing market. The media watchdog referred the inquiry to the Competition and Markets Authority (CMA) after identifying features that limit competition and make it difficult for UK businesses to switch or use multiple cloud providers. Ofcom expressed particular concern about …