News

Reuters: Carl Jenkins, head of hardware at Cruise, says he has resigned after six years with the company, the latest in a series of executive departures  —  The head of hardware at General Motors’ (GM.N) Cruise self-driving unit, Carl Jenkins,… Read More »Carl Jenkins, head of hardware at Cruise, says he has resigned after six years with the company, the latest in a series of executive departures (Reuters)

Rachel Metz / Bloomberg: The FTC proposes new rules that would make companies liable if they “know or have reason to know” their AI tech is being used to harmfully impersonate consumers  —  The US Federal Trade Commission moved to… Read More »The FTC proposes new rules that would make companies liable if they “know or have reason to know” their AI tech is being used to harmfully impersonate consumers (Rachel Metz/Bloomberg)

The Information: Source: Sequoia partner Matthew Miller asked Klarna shareholders to remove Michael Moritz from the board of directors, with full support from Roelof Botha  —  Sequoia Capital is pushing for one of its most venerated former partners, Michael Moritz,… Read More »Source: Sequoia partner Matthew Miller asked Klarna shareholders to remove Michael Moritz from the board of directors, with full support from Roelof Botha (The Information)

Jamie Tarabay / Bloomberg: The US and its allies disrupt access by Russia-backed hacking group APT28, or Fancy Bear, to 1,000+ home and small business routers used for criminal purposes  —  The US and its allies have disrupted access by… Read More »The US and its allies disrupt access by Russia-backed hacking group APT28, or Fancy Bear, to 1,000+ home and small business routers used for criminal purposes (Jamie Tarabay/Bloomberg)

Davey Winder / Forbes: Google announces the AI Cyber Defense Initiative, which includes launching new AI security training and open sourcing Magika, a tool used to protect Gmail users  —  Google has confirmed a new security scheme which, it says,… Read More »Google announces the AI Cyber Defense Initiative, which includes launching new AI security training and open sourcing Magika, a tool used to protect Gmail users (Davey Winder/Forbes)

Mark Sullivan / Fast Company: Meta releases V-JEPA, an AI model that learns by predicting missing or masked parts of unlabeled video to develop a conceptual understanding of the world  —  Meta’s AI researchers have released a new model that’s… Read More »Meta releases V-JEPA, an AI model that learns by predicting missing or masked parts of unlabeled video to develop a conceptual understanding of the world (Mark Sullivan/Fast Company)

AJ Vicens / CyberScoop: Ukrainian Vyacheslav Penchukov pleads guilty in the US for his role in the Zeus and IcedID malware groups, which stole millions from victims for over a decade  —  Vyacheslav Igorevich Penchukov pleaded guilty to two counts,… Read More »Ukrainian Vyacheslav Penchukov pleads guilty in the US for his role in the Zeus and IcedID malware groups, which stole millions from victims for over a decade (AJ Vicens/CyberScoop)

Brody Ford / Bloomberg: Toast plans to lay off ~550 employees, or ~10% of its workforce, to promote “operating expense efficiency” and will incur about $50M in costs such as severance  —  Toast Inc., a restaurant-focused software company, will cut… Read More »Toast plans to lay off ~550 employees, or ~10% of its workforce, to promote “operating expense efficiency” and will incur about $50M in costs such as severance (Brody Ford/Bloomberg)

Lorenzo Franceschi-Bicchierai / TechCrunch: Sources: spyware vendor Variston is closing after Google “burned” its name publicly in 2022; source: a disgruntled staffer sent its malicious code to Google  —  The Barcelona-based startup’s malware has been used to target iPhones, Android… Read More »Sources: spyware vendor Variston is closing after Google “burned” its name publicly in 2022; source: a disgruntled staffer sent its malicious code to Google (Lorenzo Franceschi-Bicchierai/TechCrunch)

Bloomberg: Coinbase reports Q4 revenue up 51% YoY to $953.8M, vs. $826M est., net income of $273M, its first profit in two years, vs. a loss of $557M YoY; COIN jumps 10%+  —  Revenue surged 51% to $953.8 million, topping… Read More »Coinbase reports Q4 revenue up 51% YoY to $953.8M, vs. $826M est., net income of $273M, its first profit in two years, vs. a loss of $557M YoY; COIN jumps 10%+ (Bloomberg)