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Delta Air Lines has filed a lawsuit against cybersecurity giant CrowdStrike, blaming a faulty software update for over $500 million in losses from the July 19 outage. The suit highlights growing scrutiny over accountability in critical software deployments.
Cora Trask··4 min read
Palantir Technologies crushed Wall Street expectations with Q2 revenue of $678 million, fueled by 55% growth in U.S. commercial sales driven by its AI Platform. Shares surged over 14% after hours, reflecting investor enthusiasm for the company's accelerating AI adoption.
Russell Nair··5 min read
The European Union's landmark Artificial Intelligence Act officially takes effect today, August 1, 2024, introducing the world's first comprehensive AI regulatory framework. This risk-based legislation will profoundly impact AI developers, startups, and tech giants worldwide.
Roman Ortega··4 min read
French AI startup Mistral AI has released Mistral Large 2, a powerful new model that outperforms rivals like Llama 3.1 405B on key benchmarks. This move intensifies competition in the AI startup space.
Cora Trask··4 min read
After a decade of anticipation, the Mt. Gox exchange trustee initiated Bitcoin and Bitcoin Cash distributions to creditors on July 5, 2024, injecting massive liquidity into the market. This long-awaited event has triggered volatility, underscoring blockchain's transparency in tracking funds.
Russell Nair··4 min read
A defective software update from cybersecurity giant CrowdStrike triggered widespread Blue Screen of Death errors across millions of Windows systems on July 19, crippling airlines, hospitals, and businesses worldwide. The incident highlights the risks of single points of failure in endpoint security
Cora Trask··4 min read
Samsung's Galaxy Z Fold6 and Z Flip6, unveiled at the July 10 Unpacked event, bring refined designs and powerful Galaxy AI features to the foldable market. This review dives into their performance, AI capabilities, and whether they justify the premium price.
Cora Trask··5 min read
Black Forest Labs, founded by ex-Stability AI experts, launched FLUX.1 on July 2—a suite of state-of-the-art open-weight text-to-image models surpassing Midjourney v6 and Stable Diffusion 3 on key benchmarks. This release intensifies competition in generative AI, making elite image synthesis accessi
Roman Ortega··4 min read
French AI powerhouse Mistral AI announced a €600 million Series B funding round on June 11, catapulting its valuation to €5.8 billion. The raise, led by General Catalyst, highlights surging investor confidence in European AI startups amid the global race for AI dominance.
Ravi Underwood··4 min read
EthCC 2024, Europe's premier Ethereum conference, drew over 6,000 developers and builders to Brussels from June 3-6, focusing on layer-2 advancements and blockchain innovation. Highlights included Vitalik Buterin's talk on resilience and deep dives into restaking and ZK tech.
Ravi Underwood··4 min read
A ransomware attack by the Qilin group on June 3 targeted Synnovis, a key pathology provider for major London NHS trusts, leading to the cancellation of thousands of appointments and urgent tests. The incident highlights ongoing vulnerabilities in healthcare cybersecurity infrastructure.
Roman Ortega··5 min read
Elon Musk's xAI announced a landmark $6 billion Series B funding round, catapulting its post-money valuation to $24 billion. The capital will power the development of next-generation AI models and the construction of a colossal supercomputer cluster.
Ravi Underwood··4 min read