Dazz snaps up $50M for AI-based, automated cloud security remediation

Cybersecurity has become a white-hot topic in the world of technology. Not only are data breaches continuing unabated; but security companies themselves are very much in the spotlight as a result – with one of the fastest-growing, Wiz, the object of a (now abandoned) $23 billion acquisition bid from Google. Now, another cyber startup – […]
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Apple’s App Store hit with antitrust probe in Spain

The outcome of the Spanish authority’s probe could take up to two years to complete, and leave Apple on the hook for fines in the billions.
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Private Internet Access (PIA) vs NordVPN: Which VPN Is Better?

Discover whether NordVPN’s better speeds and extra features are worth the cost, or if you’ll be satisfied with PIA VPN’s more affordable pricing.

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Pearl raises $58M to help dentists make better diagnoses using AI 

Dental care is a necessity, yet many patients lack confidence in their dentists’ ability to provide accurate diagnoses and appropriate treatments. Some dentists over treat patients, leading to unnecessary expenses, while others may miss critical issues that could develop into more significant and costly problems in the future. While seeking a second opinion from another […]
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Enhance Your Career With This ChatGPT & AI Super Bundle for Only $30

Master artificial intelligence skills to boost your resume and enhance productivity with the comprehensive, hands-on learning found in this learning bundle.

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Tesla shares fall 7% in premarket trading after earnings miss

Tesla shares fell more in premarket trading in the U.S. after it reported second-quarter earnings that missed expectations.

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Why tech bros are turning to Trump

The Republican presidential candidate is forging new alliances as his campaign gains momentum.

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DraftKings launches sports betting app in Washington DC

DraftKings has confirmed plans to introduce a sports betting app in Washington DC. 
Subject to licensing and regulatory approval, The District will become the 28th US state (in addition to Ontario, Canada) in which DraftKings offerings will be available to gamblers. 
Thanks to a market access agreement with MLS franchise DC United, the major US betting and fantasy sports platform has secured further expansion for its online and mobile sportsbook. As part of the launch, fans will have access to a wide range of markets, with features such as in-game play and special odds boosts.
DC is home to elite teams across MLB, MLS, NBA, and NHL with engaged sports communities embedded so this new partnership will aim to leverage the respective fan bases.
Reaction to DraftKings arrival in DC
Matt Kalish, DraftKings President for North America, welcomed the march into new territory for the company. He said, “It has been incredible to see legalized sports betting grow rapidly over the past six years, and with plans to launch our online sportsbook in DC, DraftKings looks forward to expanding its presence in more than half the country.”
“We would like to thank the DC Council for creating a path to bring DraftKings’ top-rated sportsbook to the nation’s capital. Together with DC United, we look forward to delivering fans a best-in-class experience through our customer-friendly product.”
Danita Johnson, President of Business Operations for DC United, stated, “With the DC Council’s recent decision to expand the world of sports betting in DC, we look forward to working with DraftKings to introduce their online sportsbook as another way for DC residents to bet in the city.”
“Our goal is to always make every fan experience seamless, and this platform will help us to deliver on that promise.”
DraftKings’ arrival in Washington DC comes after the Sports Wagering Amendment Act of 2024 was passed to create an open betting market in the jurisdiction. 
The company will face competition from FanDuel, which replaced GambetDC due to complaints over its setup and performance, while Caesars and BetMGM have recently launched new ventures in the District.
 
Image credit: Pexels
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U.S., United Kingdom, and E.U. make pact supporting AI competition

The United Kingdom’s competition watchdog has published a joint statement alongside counterparts from the United States and European Union in a pledge to support competition in AI. 
The Competition and Markets Authority stated there was consensus on the opportunities to be unlocked by AI, but also a need to ensure consumers are protected and for fair competition to flourish.
To balance the advantages and the risks posed by the evolving technology, the bodies have committed to dialogue and sharing information in the memorandum signed by the European Commission, the US Federal Trade Commission, and the US Department of Justice.
Specifically, “the agencies have set out fair dealing, interoperability, and choice as key principles to support competition, protect consumers and help businesses to innovate and thrive.”
One example given was the prospect of leading AI firms consolidating their dominant position in the AI race, which relates to an ongoing case under investigation by the CMA. 
Tangled web of AI company relationships
Concerns have been raised about the “interconnected web” of more than 90 partnerships and relationships between a small number, mainly big tech firms and AI research organizations that can scale up toward almost monopolizing the sector. 
In situations like this, the respective authorities are aiming to ensure a more level playing field, but also to manage risk while allowing enterprises to grow.
https://twitter.com/CMAgovUK/status/1815735678132470165 
CMA chief executive, Sarah Cardell stated “AI is a borderless technology which has the potential to drive innovation and growth, delivering transformative benefits for people, businesses, and economies around the world.”
“That’s why we’ve come together with our EU and US partners to set out our commitment to help ensure fair, open, and effective competition in AI drives growth and positive change for our societies.”
Image credit: Via Ideogram
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Spanish startup Exoticca raises a €60M Series D for its tour packages platform

Exoticca’s platform connects flights, hotels, meals, transfers, transportation and more, plus the local companies at the destinations.
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