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Officials attribute a DDoS attack against the HHS in March 2020 to a state-level actor; docs: the DDoS attack was largest the US government had ever experienced (Bloomberg) 07-12-2023

Bloomberg: Officials attribute a DDoS attack against the HHS in March 2020 to a state-level actor; docs: the DDoS attack was largest the US government had ever experienced  —  Former officials at the US Department of Health and Human Services attribute the cyberattack to a state-level actor. Lees verder op Tech Meme

Shares of Paytm fell 20% after the company announced plans to issue fewer personal loans under ~$600 to comply with the Reserve Bank of India's tightening norms (Manish Singh/TechCrunch) 07-12-2023

Manish Singh / TechCrunch: Shares of Paytm fell 20% after the company announced plans to issue fewer personal loans under ~$600 to comply with the Reserve Bank of India’s tightening norms  —  Paytm dropped 20% on Thursday, before recovering slightly following the Indian financial services firm sharing plans … Lees verder op Tech Meme

PitchBook: approximately 3,200 private venture-backed US companies, which had raised a combined $27.2B in VC funding, have gone out of business in 2023 (Erin Griffith/New York Times) 07-12-2023

Erin Griffith / New York Times: PitchBook: approximately 3,200 private venture-backed US companies, which had raised a combined $27.2B in VC funding, have gone out of business in 2023  —  After staving off collapse by cutting costs, many young tech companies are out of options, fueling a cash bonfire. Lees verder op Tech Meme

How tech giants like Google and Meta ramped up university donations over the years, giving them influence over research in AI, social media, and disinformation (Washington Post) 07-12-2023

Washington Post: How tech giants like Google and Meta ramped up university donations over the years, giving them influence over research in AI, social media, and disinformation  —  As big technology companies like Google and Meta face increasing criticism from researchers, they are expanding their influence in academia Lees verder op Tech Meme

NYC-based Pontera, which builds software for managing retirement accounts, raised $60M, a source says at a $550M+ valuation, taking its total funding to $160M (Krystal Hu/Reuters) 07-12-2023

Krystal Hu / Reuters: NYC-based Pontera, which builds software for managing retirement accounts, raised $60M, a source says at a $550M+ valuation, taking its total funding to $160M  —  Dec 7 (Reuters) – Fintech startup Pontera has raised $60 million in fresh funding led by investment firm ICONIQ Growth … Lees verder op Tech Meme

Bengaluru-based Sarvam AI, which is building LLMs that support Indian languages, emerges from stealth with a $41M combined seed and Series A led by Lightspeed (Manish Singh/TechCrunch) 07-12-2023

Manish Singh / TechCrunch: Bengaluru-based Sarvam AI, which is building LLMs that support Indian languages, emerges from stealth with a $41M combined seed and Series A led by Lightspeed  —  Sarvam AI has come out of stealth mode and announced it has raised $41 million as the five-month old Indian startup races to build … Lees verder op Tech Meme

Robinhood launches a commission-free crypto trading app, supporting 25+ cryptocurrencies, in the EU, a week after the company launched stock trading in the UK (Emily Nicolle/Bloomberg) 07-12-2023

Emily Nicolle / Bloomberg: Robinhood launches a commission-free crypto trading app, supporting 25+ cryptocurrencies, in the EU, a week after the company launched stock trading in the UK  —  – More than 25 tokens available to trade for free at launch  — Launch comes as Bitcoin’s price recovers to 19-month high Lees verder op Tech Meme