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Technology News
Pymnts
19h
329
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Saks Promises ‘Innovation and Growth’ After Completing Neiman Marcus Acquisition
- Saks Global has completed its acquisition of Neiman Marcus Group for $2.7 billion.
- The luxury retail brands, including Saks Fifth Avenue and Neiman Marcus, will continue to operate under their own brand.
- The acquisition brings together strategic partnerships with Amazon, Authentic Brands Group, Salesforce, and G-III Apparel Group.
- Saks Global aims to redefine the luxury shopping experience through data, innovation, and prime real estate.
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Itnews
19h
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Marriott and Starwood ordered to implement wide-ranging security program
- Marriott and Starwood Hotels & Resorts have been ordered to implement a comprehensive information security program.
- The program requires appointing a leader, providing regular governance reports, and training employees on safeguarding personal information.
- Specific requirements include incident response plans, logging and monitoring systems, multi-factor authentication, and careful vendor selection and management.
- The charges were filed by the US Federal Trade Commission after data breaches that impacted millions of customers.
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Siliconangle
19h
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Apple asks to participate in Google’s upcoming antitrust trial
- Apple has requested to participate in an upcoming antitrust trial focused on Google's search market practices.
- The trial will determine how Google should change its business practices to comply with antitrust rules.
- Apple, which has a default search engine agreement with Google, fears losing payments from Google if the agreement is scrapped.
- Apple aims to present witnesses and documents during the trial, concerned that Google won't prioritize their interests.
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Siliconangle
19h
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North Korean hackers linked to hack of 4,500 bitcoins from Japanese crypto exchange
- North Korean hackers linked to the Lazarus hacking group have been identified as the culprits behind the theft of over 4,500 bitcoins from a Japanese crypto exchange.
- The hackers, known as TraderTraitor, used a LinkedIn phishing scheme to gain access to a Japanese cryptocurrency wallet software company and stole the bitcoins in May.
- The stolen bitcoins were transferred to wallets controlled by TraderTraitor, which traced back to the North Korean government.
- This is not the first time Lazarus has targeted cryptocurrency exchanges; they were previously linked to hacks on the Ronin Network and India-based WazirX.
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Siliconera
19h
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Tickets Now Available For Great Capcom Exhibition
- Tickets for the Great Capcom Exhibition in Osaka are now available for purchase in Japan.
- The exhibition will take place at the Nakanoshima Museum of Art in Osaka from March 20 to June 22, 2025.
- Tickets cost 3000 JPY ($19.10) for regular adults and 1000 JPY ($6.35) for elementary and middle school students.
- The exhibition will showcase concept art, posters, and practical exhibitions from various Capcom franchises like Resident Evil, Ace Attorney, Street Fighter, and Monster Hunter.
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TronWeekly
19h
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Qubetics Announces Partnership with SWFT Blockchain, As Bitcoin Faces 14% Drop and Ethereum Leads DeFi with 70% TVL Dominance
- Bitcoin (BTC) faces a 14% drop amid a broader market selloff.
- Ethereum (ETH) leads in DeFi with 70% total value locked (TVL) dominance.
- Qubetics announces partnership with SWFT Blockchain to revolutionize crypto transactions.
- Bitcoin, Ethereum, and Qubetics are recommended as the best cryptos to buy in December 2024.
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Medium
19h
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The Evolution of Social Spaces and the Coming AI Reckoning
- Social media platforms have shaped societal norms and blurred the line between public and private life.
- The integration of surveillance and AI-driven data analysis influences social dynamics and cultural norms.
- Ethical concerns surrounding biases, agency, and control necessitate transparency, accountability, and proactive governance.
- Policymakers, tech companies, and civil society organizations must collaborate to establish safeguards and regulations for AI use.
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Itnews
19h
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Microsoft works to add non-OpenAI models into 365 Copilot products
- Microsoft is working on adding internal and third-party AI models to Microsoft 365 Copilot to diversify from OpenAI and reduce costs.
- Microsoft is seeking to reduce 365 Copilot's reliance on OpenAI due to concerns about cost and speed for enterprise users.
- In addition to training its own models, Microsoft is customizing open-weight models to make 365 Copilot faster and more efficient.
- Microsoft is tracking these efforts closely, and the move mirrors how other Microsoft business units have diversified their use of AI models.
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TronWeekly
19h
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HashKey Group and CIAM Launch Groundbreaking Asset-Backed Liquidity Notes
- HashKey Group and CIAM have launched Short-Term Asset-Backed Liquidity Notes (STBL) to strengthen the link between traditional finance and blockchain technology.
- The partnership aims to revolutionize financial operations by expanding the issuance of STBL to HashKey Chain, enhancing scalability and efficiency.
- STBL ensures stable, low-risk returns for investors and is backed by AAA-rated money market funds, maintaining a stable $1 value per token.
- HashKey Group's native token, HSK, has surged over 44% in the past two weeks, trading at approximately $1.97, reflecting growing confidence in its ecosystem.
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Brighter Side of News
19h
292
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New climate model significantly improves prediction of life-threatening rainfall events
- Extreme rainfall events are intensifying worldwide, posing significant threats to human lives, infrastructure, and ecosystems.
- Recent studies reveal that short-duration rainfall intensities often exceed predictions with “super Clausius-Clapeyron” behavior, highlighting the critical role of storm dynamics.
- Convective storms such as supercells and mesoscale convective systems (MCS) are among the potent drivers of flash floods.
- Climate change contributes to rainfall intensification, emphasizing the urgent need for improved forecasting and early warning systems.
- Scientists have developed a groundbreaking conceptual model to enhance the prediction of life-threatening rainfall events.
- The model identifies a distinctive three-layered atmospheric structure critical for extreme rainfall, offering a pathway to better forecasting.
- Despite advancements in high-resolution numerical weather models, forecasting short-duration extreme rainfall remains a significant challenge.
- Researchers propose a novel “ingredients-based” forecasting method that aims to improve early warnings for vulnerable communities.
- The study’s conceptual model also incorporates large-scale atmospheric patterns that provide optimal conditions for sub-hourly rainfall extremes.
- Accurate predictions can save lives and bolster public confidence in meteorological services.
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Geek Wire
19h
111
Certivo, a new PSL spinout led by Seattle tech vet, brings AI to compliance management
- Certivo, a spinout from Pioneer Square Labs, is using AI to revolutionize compliance management.
- The company focuses on automating and streamlining compliance processes for manufacturers.
- Certivo's software platform utilizes AI to parse documents, organize data, and generate certificates.
- The company also offers real-time alerts and predictive analysis of regulatory changes.
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Gsmarena
19h
266
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2024 Winners and losers: Samsung
- Samsung was the number one smartphone maker in 2024.
- Samsung Galaxy A16 and A16 5G are popular entry-level phones with good displays, solid battery life and 50MP main cameras.
- Galaxy A55 with flagship killer specs such as a 120Hz Super AMOLED display, a 4nm chipset, a 5,000mAh battery and IP67 water and dust protection is highly capable and outsold any device other than the iPhone.
- Both Galaxy S24 FE and Galaxy S24+ are highly capable flagships and a safe choice for anyone looking for an upmarket smartphone from an A-list phone maker.
- Galaxy S24 outsold the Plus model, indicating hope for compact phones.
- Galaxy Watch Ultra, a direct rival to Apple Watch Ultra, brings a unique design with a square body and a circular sapphire watchface.
- Samsung Galaxy Z Flip6 improved battery life, zoom shots and was the easier choice of flip-foldable.
- Galaxy S24 Ultra, Samsung's most popular phone in 2024, added a 50MP 5x telephoto camera and was the most profitable.
- Galaxy tablets maintained Samsung's second position in slate shipments only behind Apple.
- Galaxy Z Fold6 looked pedestrian compared to Chinese foldables and Samsung needs to re-energize its Fold lineup in 2025.
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Pymnts
20h
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Anatomy Financial Raises $19 Million to Expand Billing Solutions for Healthcare Practices
- Anatomy Financial has raised $19 million in a Series A funding round to expand its solutions for healthcare practices.
- The company offers healthcare lockbox services, EOB conversion to 835 files, and smart reconciliation.
- Anatomy Financial's lockbox service converts physical mail into electronic remittances and correspondence, saving time for practices.
- The funding will help the company automate back-office processes and integrate embedded financial products.
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TronWeekly
20h
0
Image Credit: TronWeekly
Ethereum’s Struggle: Will Liquidity Challenges Keep ETH Price in Check?
- The price of Ethereum remains in the no-trade zone between $3,030 and $3,130 as support and $3,640 to $3,740 as resistance.
- Despite the recent market correction, Ethereum is giving several signals that are very bullish, according to CryptoQuant.
- Ethereum is struggling with liquidity, which poses a challenge for its price stability and future movement.
- Without better liquidity in the near future, Ethereum could face downward pressure despite long-term bullish expectations.
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Pymnts
20h
226
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Allo Secures $100 Million Credit Facility to Expand Crypto Lending Platform
- Allo has secured a $100 million bitcoin-backed credit facility to expand its platform that helps institutions and individuals participate in crypto lending.
- Allo has staked over 544 BTC through the Babylon Bitcoin Staking Protocol, positioning itself as a key player in enabling bitcoin-secured networks.
- The financing round was facilitated by a consortium of lenders, including Greengage.
- Allo has also made other recent developments, including its inclusion in the Binance Labs and BNB Chain MVB Accelerator program and preparations to launch its native $RWA cryptocurrency.
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