January 13, 2025
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LoanDepot Hacked: US’ second largest non-bank mortgage lender hit by cyberattack
Nickie Louise Posted On January 10, 2024


LoanDepot, the second-largest nonbank mortgage lender in the United States, has become the latest victim of a cyberattack. The California-based company confirmed on Monday that an unauthorized third party successfully breached some of its crucial systems. In a Form 8-K […]


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Amazon’s Twitch to lay off 500 employees, or 35% of its workforce
Nickie Louise Posted On January 10, 2024


Twitch, the live-streaming platform owned by Amazon.com Inc., is reportedly planning to reduce its workforce by around 35%, or approximately 500 employees, according to a report from Bloomberg. Individuals familiar with the situation said that this move is part of […]


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SEC’s X account hacked: SEC denies approving Bitcoin ETFs after fake post on its X account
Nickie Louise Posted On January 9, 2024


The U.S. Securities and Exchange Commission (SEC) announced late Tuesday that its social media account on X (formerly known as Twitter) was briefly accessed on Tuesday. An unidentified party posted a fake message claiming approval of exchange-traded funds for Bitcoin, […]


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Top 10 Emerging Tech Trends at CES 2024
Daniel Levi Posted On January 9, 2024


Tech giants from around the globe have once again gathered in Las Vegas to showcase their latest and most remarkable gadgets at CES 2024. This event has become a hub for a wide range of technological innovations, making it the […]


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Stellantis unveils “Virtual Cockpit,” a revolutionary tech to cut car development time from months to just a day
Nickie Louise Posted On January 9, 2024


Stellantis, the world’s third-largest automaker by sales, has made a significant breakthrough in the rapid prototyping of car systems. In an announcement on Tuesday, the company revealed the development of a “virtual cockpit” that allows them to create and test […]


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Unity Software to lay off 1,800 employees, or 25% of its workforce
Nickie Louise Posted On January 9, 2024


Unity Software, a San Francisco-based video game software provider, is undergoing its largest layoff ever, cutting around 25% of its workforce, equivalent to 1,800 jobs, the company said in a regulatory filing and an internal memo circulated on Monday. The […]


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Elon Musk’s X to launch peer-to-peer (P2P) payments this year
Daniel Levi Posted On January 9, 2024


Get ready to ditch Venmo. Elon Musk’s X (formerly Twitter) is set to revolutionize social media with the launch of peer-to-peer (P2P) payments this year. The proposed launch is part of Musk’s push to make X an “everything app” like […]


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DeFi Technologies acquires Reflexivity Research, a crypto research firm co-founded by Anthony Pompliano and Will Clemente
Nickie Louise Posted On January 9, 2024


DeFi Technologies, a Canadian publicly traded company, has acquired private research firm Reflexivity Research in a 100% stock deal. In an announcement on Tuesday, DeFi Technologies said that it has entered into a binding letter of intent (LOI) for the […]


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Dutch online grocery startup Picnic secures $388 million in funding for European expansion
Nickie Louise Posted On January 9, 2024


Dutch online grocery disruptor Picnic announced Tuesday that it secured 355 million euros (equivalent to $388.02 million) in funding from its investors to expand its operations in both France and Germany. Notable backers in this funding round include The Bill […]


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First US moon landing attempt in more than 50 years in jeopardy after ‘critical loss’ of fuel
Daniel Levi Posted On January 8, 2024


A U.S. lunar lander that launched from Florida on Monday in hopes of becoming the first American craft to touch down on the moon in more than 50 years faced a setback due to a “critical loss of propellant” a […]


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Twilio founder and CEO Lawson steps down after pressure from activist investors
Daniel Levi Posted On January 8, 2024


Twilio co-founder Jeffrey Lawson has stepped down from his positions as chairman and CEO of the cloud communications company amid ongoing clashes with activist investors. Khozema Shipchandler, a seasoned Twilio executive, will take over the roles, effective from Monday, and […]


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Ant Group plans to buy Dutch payments startup MultiSafepay in a deal valued at $200 million
Daniel Levi Posted On January 8, 2024


Ant Group is close to sealing a deal to acquire MultiSafepay, a Dutch payments company, for about $200 million, Reuters reported, citing people familiar with the matter. The move is part of their ongoing drive into Western payment markets, as […]


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Alphabet’s AI-driven drug discovery startup Isomorphic lands $3 billion pharma deals with Lilly and Novartis
Nickie Louise Posted On January 8, 2024


Alphabet’s Isomorphic, an AI-driven drug discovery startup, has scored two major deals from pharmaceutical giants Eli Lilly and Novartis, ringing in at nearly $3 billion combined. These deals will notably bolster Google DeepMind’s AlphaFold AI technology, known for predicting protein […]


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Orrick, Herrington & Sutcliffe, a law firm that handles data breaches was hit by data breach
Daniel Levi Posted On January 5, 2024


Orrick, Herrington & Sutcliffe, a well-known global law firm recognized for its expertise in managing data breaches, has unfortunately become a victim of cyber attacks, failing to safeguard itself and its clients from unseen adversaries of hackers. The cyberattack occurred […]


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Microsoft adds new AI ‘Copilot key’ to keyboards to call up chatbot; the first big change to Windows keyboards in 30 years
Nickie Louise Posted On January 5, 2024


Microsoft on Thursday announced a new “Copilot key” to welcome “the year of AI-powered Windows PCs.” This new AI button, designed to trigger the Microsoft Copilot service, marks the first significant change to the Windows PC keyboard layout in nearly […]


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Macquarie consortium to buy Swedish software company Byggfakta Group in a $1 billion buyout deal
Nickie Louise Posted On January 5, 2024


Byggfakta Group Nordic HoldCo AB, a Swedish software and information company within the construction industry, has received a substantial all-cash buyout offer totaling approximately $1 billion from a consortium, which includes Macquarie Capital. In an announcement on Friday, Byggfakta Group […]


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Perplexity AI raises $73.6 million in funding from Nvidia and Bezos; now valued at $520 million
Nickie Louise Posted On January 4, 2024


Artificial intelligence startup Perplexity AI has raised $73.6 million in a Series B funding round from a group of new investors including U.S. chip designer Nvidia and Amazon founder Jeff Bezos (through Bezos Expeditions Fund). The round, which values the […]


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The dark side of AI: Scientists say there’s a 5% chance of AI causing humans to go extinct
Daniel Levi Posted On January 4, 2024


In the largest survey of artificial intelligence (AI) researchers to date, a majority say there is a 5% chance that AI tech could pose an existential threat to humanity due to the possible development of superhuman AI. The findings come […]


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The Messenger, a digital news startup founded by media executive Jimmy Finkelstein, to lay off staff after raising $50 million in funding
Nickie Louise Posted On January 4, 2024


The Messenger, a digital news startup founded by a seasoned media investor and entrepreneur who previously owned The Hill, is reportedly set to lay off around two dozen employees this week due to financial challenges and diminishing cash reserves, according […]


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Alibaba-owned e-Commerce startup Lazada begins new round of layoffs across Southeast Asia
Nickie Louise Posted On January 4, 2024


Lazada, an e-commerce startup owned by Alibaba, has begun its latest round of layoffs that affect staff across Southeast Asia, according to a report from CNBC, citing a source familiar with the situation. This move follows several media reports about […]


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