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Technology News
TechCrunch
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AI startups attracted 25% of Europe’s VC funding
- 25% of VC funding into Europe, approximately $13.7 billion, went to AI startups this year.
- European AI companies have doubled in value in four years, reaching $508 billion.
- 349,000 people were employed by AI companies in Europe this year, a 168% increase since 2020.
- Adoption of AI is expected to continue increasing, but the notion of a separate 'AI sector' is diminishing.
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Insider
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Databricks executive breaks down the AI talent wars: 'It's like looking for LeBron James'
- Recruiting top-tier AI researchers is like looking for LeBron James, says Databricks' VP of AI
- There are less than 1,000 researchers capable of building frontier models, according to Naveen Rao
- Companies are willing to pay large amounts for AI talent and infrastructure
- Top AI engineers have leverage and extravagant efforts are made to secure their services
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Insider
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MicroStrategy continues its bitcoin buying spree for the 7th straight week as the crypto dips below $100,000
- MicroStrategy has purchased an additional 5,262 bitcoins, continuing its buying spree for the 7th consecutive week.
- The company sold $561 million worth of shares to fund the purchase, bringing its total bitcoin holdings to 444,262, valued at $27.7 billion.
- MicroStrategy's bitcoin buying strategy involves leverage, posing risks if the crypto declines significantly.
- While MicroStrategy has seen significant gains from its bitcoin bet, a decline in the cryptocurrency could put the company at risk.
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Siliconangle
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Fortinet warns of malicious Python packages targeting credentials and user data
- Fortinet Inc.'s FortiGuard Labs has discovered two malicious Python packages that pose a high risk of credential theft, data exfiltration, and unauthorized system access.
- The first vulnerability, Zebo-0.1.0, exhibits sophisticated malware behavior, including keylogging, screen capturing, and data exfiltration to remote servers.
- The second vulnerability, Cometlogger-0.1, targets system credentials and user data, evades detection, and can steal a wide array of user data.
- To prevent infection, it is recommended to verify third-party scripts, implement firewalls and intrusion detection systems, and train employees to recognize phishing attempts.
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Bloomberg Quint
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Razorpay Allots ESOPs Worth Rs 1 Lakh Each To Current Employees In 10th Anniversary Year
- Fintech unicorn Razorpay is extending Rs 1 lakh worth of employee stock ownership plans (ESOPs) to all current employees as part of its 10-year celebrations.
- This is the third employee liquidity event for Razorpay, with previous ESOP buybacks in 2018 and 2022.
- Razorpay has expanded its services beyond payment gateways and aims to be profitable across revenue streams before a potential IPO.
- The Bengaluru-based company has raised nearly $750 million from investors such as Lone Pine Capital, TCV, GIC, Tiger Global, and Peak XV Partners.
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SiliconCanals
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Groningen’s Future Tech Ventures invests €350K in IonIQs to extract lithium from wastewater: Know more
- Groningen-based Future Tech Ventures (FTV) has invested €350K in IonIQs, a startup that extracts lithium from wastewater.
- IonIQs has developed a sustainable technology that filters wastewater efficiently, reduces water consumption, and recovers pure lithium.
- The company aims to achieve a purity of 99.5% for lithium and plans to scale up its capacity in the long term.
- Future Tech Ventures is a proof-of-concept fund in the Northern Netherlands, supporting high-tech startups.
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Siliconangle
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Coralogix acquires Aporia to enhance AI and machine learning observability
- Coralogix has acquired Aporia Technologies, a machine learning observability startup.
- Aporia offers a machine-learning observability platform for monitoring and controlling defects in machine learning models.
- Coralogix aims to combine AI and software insights to provide end-to-end visibility and actionable insights.
- The acquisition includes the launch of Coralogix AI research center to focus on solving fundamental problems in AI.
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Inc42
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Aditya Birla Capital Integrates Credit & Insurance Offerings On ONDC
- Aditya Birla Capital integrates lending, insurance, and investment services on ONDC.
- This makes ABCL the first financial services company to integrate all three offerings on the network.
- The integration aims to simplify access to financial products and enhance user experience.
- ABCL's offerings will be available on ONDC via multiple buyer apps.
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Livebitcoinnews
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Rumble Secures $775 Million Investment from Tether in Strategic Deal
- Rumble, a video-sharing platform, has secured a $775 million investment from Tether in a strategic partnership.
- The majority of the funds will be allocated for Rumble's growth initiatives.
- Rumble will conduct a self-tender offer to repurchase up to 70 million shares of its common stock.
- The partnership aims to drive innovation, support free speech, and explore crypto payment solutions.
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Inc42
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K’taka Approves Zoho-Backed Silectric’s INR 3,426 Cr Semiconductor Plant
- The Karnataka government has approved Zoho-backed Silectric's proposal to set up a semiconductor manufacturing unit in the state.
- The plant will be located at the Kochanahalli electronics manufacturing cluster near Mysuru and is expected to create 460 jobs.
- Silectric plans to build a silicon carbide-based fabrication and assembly, testing, marking and packaging unit.
- The company aims to manufacture products such as ingots, wafers, MOSFETs, and modules at the new unit.
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Cryptoslate
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Nokia files patent for digital asset encryption as it eyes blockchain potential
- Nokia has filed a patent for encrypting digital assets, signaling its interest in blockchain technology.
- The patent was filed in June 2024 and focuses on encrypting assets using a secure data version and linking them to an entity through an identifier.
- This move suggests that Nokia is expanding beyond its telecommunications legacy and embracing emerging technologies.
- Earlier, Nokia announced plans to develop network architectures for blockchain, smart contracts, artificial intelligence, and the Internet of Value.
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Macdailynews
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Apple TV+ releases the first 8 minutes of ‘Severance’ Season 2 premiere
- Apple TV+ released the first 8 minutes of the Season 2 premiere of 'Severance'.
- The show follows Mark Scout and his team at Lumon Industries, who undergo a severance procedure dividing their memories.
- Season 2 explores the consequences of tampering with the severance barrier.
- Apple TV+ is available on various platforms and offers a free trial for new subscribers.
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Gsmarena
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Kuo: Apple M5 Pro, Max and Ultra chips will offer server-grade performance
- The Apple M5 series chips are expected to enter mass production in the first half of 2025.
- The M5 chips will be fabbed on TSMC's N3P node promising improved power efficiency and performance.
- The M5 Pro/Max and Ultra chips will feature a "server-grade" SoIC-mH design, offering improved thermal performance.
- Apple plans to separate the CPU and GPU designs on the M5 series, resulting in greater performance gains.
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Medium
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Robots Gain Superhuman Vision: Seeing Through Walls with Radio Waves
- Radio frequency (RF) sensing or through-wall imaging technology has enabled robots to see through walls or objects.
- The technology works via emitting radio waves and analysing the signals that bounce back from walls or obstacles.
- By measuring the time it takes for the waves to return and their changes in frequency and amplitude, various components create a detailed 3D map of the environment, including hidden objects and structures.
- It offers several advantages over traditional vision-based systems: penetration and see-through capability in challenging environments; robustness and reliability in adverse conditions; ability to generate detailed 3D maps with object recognition; capability to cover large areas with a single sensor.
- The potential applications of radio wave imaging are vast and span a wide range of sectors, from security and surveillance, construction and infrastructure, manufacturing and logistics, to healthcare, archaeology and cultural heritage, and autonomous vehicles.
- Several companies and research institutions are actively developing and deploying radio wave imaging technology such as Vayyar Imaging, Walabot, MIT researchers and the University of Utah.
- While the technology holds immense promise, there are still some challenges to overcome such as cost, complexity, and regulation.
- However, ongoing research and development efforts are focused on improving resolution and increasing range, reducing cost, and developing new applications.
- As the technology continues to advance, experts predict even more exciting applications will emerge, transforming our lives in ways we can only imagine.
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Stekiamusement
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Owatch VR Wishes You A Merry Christmas And A Happy Spring Festival In 2025
- Owatch VR extends their sincere blessings and gratitude to all friends who love VR and support its development of VR amusement equipment.
- During the double festival period, Owatch VR has launched special discount activities and prepared a series of popular VR amusement equipment, filled with festive surprises and fun.
- They invite everyone to visit their official website and social media platforms for event details and updates and look forward to spending a New Year’s Eve full of joy and surprises together.
- Owatch VR wishes everyone a joyous and memorable holiday, along with success, happiness, and good health in the new year.
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