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Latest Tech Updates
- North Korea denies being behind record $6.3bn Binance hack
- OpenAI partners with Cathedral to test its security defenses and revamps its Security Bug Bounty program, including quadrupling rewards for critical findings (OpenAI)
- Apple unsure when more foldable iPhones will be available after selling out
- Sources: Nvidia verbally told cloud compute clients to sell 51%+ of their services to non-Chinese companies, imposing new limits on China's access to AI chips (Financial Times)
- Google expands Dreambeans to India, its first market outside the US, offering AI-generated visual stories from users' digital activity in 13 local languages (Jagmeet Singh/TechCrunch)
- Sources: Huawei told some clients that a large share of its upcoming flagship AI chip, Ascend 960DT, will run largely on HBM made by Samsung and SK Hynix (The Information)
- Larridin, which helps companies track how AI affects employee output and identifies areas for better AI adoption, raised a $30M Series A led by Pelion Ventures (Aditi Bharade/Business Insider)
- Salesforce announces plans to acquire Cresta, a provider of AI-powered contact center automation software; source: Salesforce agreed to pay $2.7B for Cresta (The Information)
- John Ternus says Apple expects memory costs to increase into December and beyond; Apple's inventory grew to $14.54B in Q4, up 31.1% QoQ and 154.3% YoY (Sarah Perez/TechCrunch)
- Match Group reports Q3 revenue fell 3% YoY to $891M, below estimates, and total paying users fell 5% to 13.8M; Q4 forecast has adjusted EBITDA below estimates (Samantha Kelly/Bloomberg)
- Trajectory, which is developing AI model post-training tools for nontechnical customers, raised a $45M Series A led by Sequoia at a $300M valuation (Marina Temkin/TechCrunch)
- Anthropic S-1 claims it may "imminently meet" its RSI threshold and may fail to identify "significant acceleration" in its development until after it's occurred (Julie Bort/TechCrunch)
- If hackers can take control of a supermarket freezer, how vulnerable is other tech?
- Binance users withdraw $3.6bn after largest-ever crypto hack
- These firms you've never heard of are feeding fears the AI bubble could burst