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July 2, 2024, 10:30 AM
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memeorandum
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| Aisha S Gani / Bloomberg: |
Revolut's 2023 revenue almost doubled to £1.8B after interest income grew from £83M in 2022 to £500M; auditor BDO gave Revolut's accounts a clean bill of health — - UK fintech's interest income jumps sixfold to £500 million — Auditor BDO gives financial accounts a clean bill of health| Lorenzo Franceschi-Bicchierai / TechCrunch: |
Wise, Affirm, Mercury, and other companies say they're investigating how a recent ransomware attack by LockBit on Evolve Bank and Trust impacted their customers — The money transfer and fintech company Wise announced on Friday that some of its customers' personal data may have been stolen …
More: Evolve Bank & Trust, Wise, SC Media, The Register, TechCrunch, 9to5Mac, Benzinga, SecurityWeek, Affirm, U.S. Senator Sherrod Brown …, The Cyber Express, EarnIn, Mercury Help Center, Cybernews.com, Reuters, Affirm, TechCrunch, TechRadar, Bloomberg, and Protos
Mastodon: @lorenzofb@infosec.exchange. X: @mercury, @mikulaja, @affirm, @mikulaja, @mlevchin, @mikulaja, @mdudas, @immad, @anshublog, @cxcarroll, @lessin, @maxtagher, @ddayen, @mikulaja, @scott_harkey, and @mayurzzz. LinkedIn: Jason Mikula. Forums: Slashdot
| Lucian Constantin / CSO: |
Qualys researchers say an OpenSSH flaw can let attackers remotely compromise servers and allow unauthenticated RCE as root; over 14M servers may be vulnerable — Researchers from Qualys say regreSSHion allows attackers to take over servers with 14 million potentially vulnerable OpenSSH instances identified.
More: Qualys Security Blog, ZDNet, Metacurity, Computing, SC Media, TechRadar, Orca Security, The Register, Security Boulevard, Stack Diary, The Cyber Express, Cyber Daily, SiliconANGLE, Born's Tech and Windows World, OX Security, Hackread, PaymentSecurity.io, SANS Internet Storm Center …, The Stack, ITPro, Security Affairs, Cybersecurity Dive, Developer Tech News, BleepingComputer, The Hacker News, Infosecurity, SecurityWeek, and Phoronix
Mastodon: @GossiTheDog@cyberplace.social and @GossiTheDog@cyberplace.social
X: @mystik_kev, @dcuthbert, @dugsong, @quinnypig, @0xblacklight, @xeraa, @qualys, @underlinux, @andrew___morris, @lcamtuf, @mdowd, @vox_draconis, @craiglawson, and @lcamtuf
LinkedIn: Jacob Williams and Gianluca Varisco
Forums: r/linuxsucks, r/archlinux, r/hacking, r/linux, and r/worldnews
| Kamila Wojciechowska / Android Authority: |
Source: Google plans AI features for Pixel 9 under the brand Google AI, including Pixel Screenshots, which lets users search their screenshots with on-device AI — Google's implementation of the feature means good news for those concerned with privacy. — •| Georg Szalai / The Hollywood Reporter: |
Tubi launches in the UK with over 20K movies and TV episodes, featuring content from distributors including Disney, Lionsgate, NBCUniversal, and Sony Pictures — The ad-supported streamer now has more than 80 million monthly active users. — Tubi, the free advertising-supported streaming service owned …
More: TubiTV Corporate, 9to5Mac, Engadget, The Guardian, Neowin, Proactive, Broadband TV News, BBC, The Mirror, Deadline, Financial Times, Variety, and TechRadar
| Jamie Crawley / CoinDesk: |
Sentient, an open-source AI development platform being built on Polygon, raised a $85M seed led by Founders Fund, Pantera Capital, and Framework Ventures — The project aims to address concerns about the proliferation of AI whereby the underlying code is concentrated in the hands of a few superpowers like Google or Meta.
More: Decrypt, The Block, and CryptoPotato
| Alicia Haddick / GamesIndustry.biz: |
A look at why Japan, due to its culture and employment laws, is not undergoing mass layoffs in the gaming industry, as Microsoft-owned Tango Gameworks closes — After Microsoft shut down Tango Gameworks, we look at the reasons why Japan has otherwise been sheltered (but not immune) to many of the layoffs and trends seen further afield| Paresh Dave / Wired: |
Some YouTube employees detail internal deliberations about content relating to the Israel-Hamas war and accuse the company of inconsistent moderation — Insiders have shared YouTube's playbook for handling the Gaza crisis. They argue that it shows inconsistent enforcement.| Elizabeth Lopatto / The Verge: |
The US SEC charges the parent company of Silvergate Bank and executives with misleading investors about its AML compliance strength; Silvergate settles for $50M — Silvergate Bank, once a cornerstone of the crypto financial world until its collapse in early 2023, defrauded its investors …
More: US Securities …, Finextra, Bloomberg, Cointelegraph, CCN.com, Benzinga, Cryptonews, crypto.news, The Block, Decrypt, and Blockworks
Threads: @merket. X: @secgov, @haileylennonbtc, @caspiancey, @daveweisberger1, @bykatherineross, @patio11, @patio11, and @caspiancey. LinkedIn: Mary Loeza
| Bloomberg: |
Sources: Northern Data is weighing a US IPO of its combined AI cloud computing and data center businesses at a ~$10B to $16B valuation as early as in H1 2025 — - Combined cloud, data center business could list on Nasdaq — Company secured financing from Tether Group to buy chips| Melanie Goodfellow / Deadline: |
VFX company DNEG raised $200M from Abu Dhabi's UASG at a $2B valuation, to expand its division Brahma, which is developing an AI-powered, photo-real CGI creator — London-based The DNEG Group has secured a $200M capital injection from Abu Dhabi investment firm United Al Saqer Group (UASG).
More: The Hollywood Reporter, Business Standard, Financial Times, Proactive, and DNEG
X: @malhotra_namit and @dneg
| Bloomberg: |
The Biden administration awards $504M in funding for 12 regional tech hubs, including in New York and Florida, to expand research in AI, chip making, and more — - Effort aims to draw private investment around more of the US — Awards cover twelve centers, including in New York and Florida
More: Benzinga, The White House, PCMag, and Associated Press
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