All articles by Swagath Bandhakavi
Swagath Bandhakavi
Dell to slash estimated 12,500 jobs amid shift towards AI
The exact number of job losses has not been disclosed, but it is believed to impact thousands of employees, with several online sources estimating around 12,500 roles to be cut
Interpol and Singapore Police thwart major business email compromise scam
Interpol’s intervention helped a Singapore-based commodity firm recover almost $42.3m in lost earnings.
UK CMA to launch phase one probe into IBM’s $6.4bn acquisition of HashiCorp
HashiCorp, a cloud infrastructure automator, disclosed that it received a notification last week from the regulatory body concerning this review
TikTok to permanently withdraw TikTok Lite Rewards Programme from EU
The social media platform has pledged to not only end the programme but also to refrain from introducing any similar programme that could bypass this decision.
CrowdStrike refutes Delta Air Lines’ claims over flight disruptions
The outage led to the cancellation of over 6,000 flights for the airline over a six-day period, affecting more than 500,000 passengers.
Insurtech funding hits $1.3bn in Q2, driven by AI investments
Gallagher Re report cites significant rise in early-stage insurtech funding to $377.6m and an increase in the average deal size to $18.46m.
EC officially brings EU AI Act into force
This legislation aims to ensure that AI systems developed and used within the EU comply with safety and ethical standards to safeguard fundamental rights.
CrowdStrike faces class action lawsuit from shareholders after global IT outage
In the lawsuit, shareholders have accused CrowdStrike of defrauding them by not disclosing the risks inherent in its software testing methods
Massive SMS stealer campaign exposes Android devices in 113 countries, says Zimperium
This SMS stealer campagin uses malvertising and Telegram bots to distribute SMS-stealing malware.
Nvidia announces new support for humanoid robots
The American technology company is arming robot manufacturers, AI model developers, and software providers with a range of services, models, and computing platforms