VESSL AI secures $12M for its MLOps platform that aims to cut GPU costs by up to 80%

As businesses increasingly integrate artificial intelligence into their workflows and products, there is a growing demand for tools and platforms that make it easier to create, test, and deploy machine learning models. This category of platforms — popularly known as machine learning operations, o

MoneyGram says hackers stole customers’ personal information and transaction data

U.S. money transfer giant MoneyGram has confirmed that hackers stole its customers’ personal information and transaction data during a cyberattack last month. The company said in a statement Monday that an unauthorized third party “accessed and acquired” customer data during the

Emma Watson invests in reproductive health company Hertility

Actress Emma Watson has made a previously undisclosed investment into the women's health company Hertility, bringing its total funding to more than $14 million, the company told technewss in an interview on Monday. Watson is known for her interest in the environment and supporting women-led i

The 30-year-old internet backdoor law that came back to bite

News broke this weekend that China-backed hackers have compromised the wiretap systems of several U.S. telecom and internet providers, likely in an effort to gather intelligence on Americans. The wiretap systems, as mandated under a 30-year-old U.S. federal law, are some of the most sensitive in a

India regulator issues notice to Ola Electric over consumer rights concerns

The Central Consumer Protection Authority, India’s consumer rights regulator, has sent a show-cause notice to Ola Electric over alleged violation of consumer rights, escalating troubles for the leading electric vehicle maker whose shares dropped 9% earlier on Monday, The notice, issued on Mo

Apple fixes bugs in macOS Sequoia that broke some cybersecurity tools

In September, Apple released the new version of its computer operating system macOS 15, also known as Sequoia, which broke the functionality of several cybersecurity products, including those made by CrowdStrike and Microsoft.  Three weeks later, on Friday, Apple released the first update to

Fisker’s plan to make owners pay for recall repairs is illegal, DOJ says

The U.S. Department of Justice says bankrupt EV startup Fisker’s plan to make owners pay for labor costs related to multiple recalls is illegal, according to a new filing. The DOJ, writing on behalf of the National Highway Traffic Safety Administration (NHTSA), said in a filing submitted to

American Water warns of billing outages after finding hackers in its systems

U.S. public utility giant American Water says it has disconnected some of its systems after discovering that hackers breached its internal networks last week.  American Water, which supplies drinking water and wastewater services to more than 14 million people across the United States, confir

KoBold Metals, which uses AI to help find critical minerals for the energy transition, raises $491M

Earlier this year, KoBold Metals found what might be one of the largest high-grade copper deposits of all time, with the potential to produce hundreds of thousands of metric tons per year, the company's CEO said. Now, just eight months later, KoBold is close to raising over half a billion doll

Lucid Motors sets third straight quarterly sales record ahead of Gravity SUV launch

Lucid Motors has now officially sold more EVs this year than it did in all of last year, and with three months to go in 2024. The milestone comes after Lucid announced Monday it delivered 2,781 vehicles in the third quarter of 2024. That’s a third straight record quarter for deliveries, tho

Comcast says customer data stolen in ransomware attack on debt collection agency

U.S. telecom giant Comcast has warned that cybercriminals stole the personal data of more than 230,000 customers during a ransomware attack on a third-party provider of debt collection services. The breach relates to a February cyberattack on Financial Business and Consumer Solutions (FBCS), a Pen

Exclusive: Sonair takes a cue from dolphins to build autonomous 3D vision without lidar

Ultrasound is perhaps best known as the technology that enables noninvasive body scans and underwater communication and can help us park our cars. A young startup called Sonair out of Norway wants to employ it for something else: 3D computer vision used in autonomous hardware applications.  Sonai

Flutterwave's chief on the company's executive hires, product focus, and IPO plans

Last month, Flutterwave, Africa's most valuable startup, appointed Mitesh Popat as its new chief financial officer. The company, valued at $3 billion when it raised a Series D in 2022, appointed Popat after the resignation of Oneal Bhambani, who stepped down 10 months ago for personal reasons.

Ola Electric stock tumbles as complaints add up and market share erodes

Indian electric vehicle maker Ola Electric’s customers aren’t happy with its service and scooters, and it’s affecting the company’s stock and market share. The company’s shares fell by as much as 9.1% on Monday to ?89.14, sending its market cap below $4.75 billion fo