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Monthly Archives: June 2023
Don’t rush generative AI apps to market without tackling privacy risks, says UK watchdog
The UK’s data protection watchdog has fired its most explicit warning shot yet at generative AI developers — saying it expects them to address privacy risks before bringing their products to market. In a blog post trailing remarks the Information Commissioner’s … Continue reading
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Ransomware gang lists first victims of MOVEit mass-hacks, including US banks and universities
Clop, the ransomware gang responsible for exploiting a critical security vulnerability in a popular corporate file transfer tool, has begun listing victims of the mass-hacks, including a number of U.S. banks and universities. The Russia-linked ransomware gang has been exploiting … Continue reading
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BYD is overtaking Tesla, but its EV dream skips the US for now
A Chinese electric vehicle brand that’s rarely spotted in the U.S. is quickly catching up to Tesla’s dominance of the global EV market. BYD, which started in Shenzhen 28 years ago, delivered 547,917 passenger EVs, including hybrids, a category it’s … Continue reading
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Google Made Millions From Ads for Fake Abortion Clinics
The search giant took $10 million in ads from, and gave grants to “crisis pregnancy centers” that work to prevent women from accessing abortions.
$5 billion fintech Zepz looks to take on rivals like PayPal with digital wallet, M&A plans
Money transfer unicorn Zepz is looking to expand its business through mergers and acquisitions, the company’s CEO Mark Lenhard told CNBC.
An investor, an operator, and their plan to upskill Africa’s workforce
One out of three tech jobs globally are filled by necessary skilled labor, and according to the World Economic Forum (WEF), this is one of the biggest concerns of global business leaders. Over 50% of the organizations that these leaders … Continue reading
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Jack Ma Isn’t Back
The iconic Alibaba founder disappeared from view after criticizing China’s government. He returned to the country in March—as a teacher, not a businessman.
AI ‘godfather’ Prof Yan LeCun says it won’t take over the world
Prof Yann LeCun says fears that AI will pose a threat to humanity are “preposterously ridiculous”.
Lightspeed says India not for the faint-hearted amid Sequoia split
Bejul Somaia, the founding partner of Lightspeed India, staunchly defended the allure of South Asia’s investment landscape, even in the wake of unsettling movements such as Sequoia’s decision to segregate its Indian venture. “The startup and venture model is predicated … Continue reading
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ChrysCapital invests $100 million in India’s Lenskart
ChrysCapital has invested $100 million in Lenskart, the two said Thursday, pushing the Asian eyewear startup’s raise in the past year to $850 million as it expands its offerings and reach in international markets. The Indian venture firm is buying … Continue reading
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