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March 9, 2025, 12:01 AM
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WeSmirchTop News
| Bill Toulas / BleepingComputer: |
Tarlogic researchers find an undocumented “backdoor” in Chinese manufacturer Espressif's ESP32 microchip used in 1B+ devices for WiFi and Bluetooth connectivity — The ubiquitous ESP32 microchip made by Chinese manufacturer Espressif and used by over 1 billion units as of 2023 contains …
More: Tarlogic Security. Bluesky: @shuntingyard, @dragostech, @rmarshall, @bitterseeds, @elucidating, @kevincollier, @msmagicdishes, @ud3x, and @pamacious
| Anthony Ha / TechCrunch: |
A US federal judge allows the Kadrey v. Meta case, in which authors allege Meta violated IP rights by using their books to train Llama models, to move forward — A federal judge is allowing an AI-related copyright lawsuit against Meta to move forward, although he dismissed part of the suit.
More: MLex, CourtListener, and Bloomberg Law
| Fortune: |
Sources describe the collapse of fintech middleman Synapse that left ~$200M in customer money frozen, with entities blaming each other for shoddy recordkeeping — In 2022, after her family had a series of health scares, Kayla Morris sold her house. She cleared $280,000, representing 15 years of her life savings.
Forums: Slashdot
| Todd Spangler / Variety: |
A look at YouTube's origins, growth, and domination as the platform turns 20, including an interview with CEO Neal Mohan, who is nearing 10 years at the company — It's a muggy morning the day before the 2025 Super Bowl in New Orleans, and YouTube CEO Neal Mohan is stuck in parade traffic and not happy about it.
More: BBC and Adweek
Mastodon: @ricmac@mastodon.social. X: @eff, @simonowens, @nealmohan, @xpangler, @nealmohan, @seanseaevans, @egkeller, @variety, @xpangler, @brianros1, @ytadvertisers, and @piersmorgan
LinkedIn: Eric Barradas and Abhinav Rastogi
| Kerry Flynn / Axios: |
NYC-based Firsthand, whose tools let marketers and publishers engage consumers through AI agents on their own sites or other sites, raised a $26M Series A — - The New York-based startup previously raised $6.6 million in seed funding, led by Radical Ventures.
More: FinSMEs and Tech in Asia
| David Yaffe-Bellany / New York Times: |
Source: Bybit hackers planted malicious code to manipulate transactions by compromising a developer's computer at crypto wallet provider Safe, used by Bybit — On the night of Feb. 21, Ben Zhou, the chief executive of the cryptocurrency exchange Bybit, logged on to his computer to approve what appeared to be a routine transaction.| Wall Street Journal: |
After the ~$1.5B hack, Bybit borrowed about $280M in ether from crypto industry peers to help process 350,000 customer withdrawal requests over 10 hours — Bybit survived, thanks to emergency loans from its peers, but questions over crypto industry's security linger| Bloomberg: |
As Japan copes with a labor shortage, its market for service robots, which assist people with tasks like waiting tables, is expected to almost triple by 2030 — As Japan copes with a labor shortage, the service robot market is expected to triple in the next five years.| Wall Street Journal: |
Sources detail how crypto flooded Trump with cash, including $50M+ in donations from at least eight execs, and how he is doing much of what the industry wants — The president had called cryptocurrency a ‘scam’ but during his campaign last year he was persuaded of its value, especially as an investment for the Trump family
More: Wall Street Journal, Fortune, and New York Times
| Reuters: |
Sources detail the nearly 10-hour-long tech meltdown of the European Central Bank's main payment system on February 27 due to a piece of malfunctioning hardware — The European Central Bank's payments crash last week meant salaries and welfare funds were delayed for thousands of people.
LinkedIn: John O.
| Ashley Capoot / CNBC: |
Freed, which offers an AI scribe that automates clinical notetaking in real time and is used by 17K+ clinicians, raised a $30M Series A led by Sequoia Capital — For Erez Druk, who spent almost four years working at Facebook, building health-care startup Freed has been a labor of love, quite literally.
More: Built In San Francisco, Freed, Freed, citybiz, Tech Startups, HIT Consultant, and VC News Daily
| Wall Street Journal: |
Sources: activist investor Mantle Ridge has built a $1B+ stake in Cognizant and believes the tech services firm, which has a $41B+ market cap, is undervalued — The investor has been working behind the scenes at the tech-services firm and isn't currently planning to nominate directors
More: The Economic Times, Reuters, and Bloomberg
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