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Payments giant Visa is buying fraud-spotting platform BioCatch for $2.4 billion. It's the latest in a series of fraud tech and infrastructure acquisitions for Visa, which Adam Hanafi notes has spent $13 billion to shore up vulnerabilities over the past five years. BioCatch uses AI and "behavioral biometrics" to differentiate bots from real users, and the acquisition underscores the need for a higher bar for fraud detection, as AI makes threats "cheaper, faster and more convincing," per WebNovare.
Payments giant Visa is acquiring fraud-detection platform BioCatch for $2.4 billion. The deal represents another major investment in security technology for the company. This purchase continues a series of fraud tech and infrastructure acquisitions by Visa. Over the past five years, the company has spent approximately...
Alibaba has released its largest artificial intelligence model to date. The Chinese e-commerce giant claims that Qwen3.8-Max can compete with — and in some cases outperform — Anthropic’s Fable 5. Hong Kong-listed shares of Alibaba rose following the announcement. Investors responded positively to the company’s...
SpaceX will deliver its first earnings report as a publicly traded company on Tuesday. Investors are closely watching the rocket maker’s significant spending levels as it balances growth initiatives with financial performance. The company’s Starlink telecommunications business continues to generate profits...
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Apple’s recently announced leasing program marks a new era that could reframe “the psychology of the purchase” and eventually become one of the primary ways Americans obtain iPhones, Macs, and other devices, Bloomberg reports. While developing the plan, executives envisioned a future where hardware and services could be bundled into a single subscription, potentially transforming the company’s business model. The launch of the program, dubbed Upgrade, comes at a time when Apple is raising its prices. Its first foldable iPhone, expected to debut in September, is projected to cost over $2,000.
Apple’s recently announced leasing program signals a potential shift in how consumers acquire its products. According to Bloomberg, the initiative could reshape “the psychology of the purchase” and eventually become a primary way Americans obtain iPhones, Macs, and other devices. While developing the plan, Apple...
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AI chip production is ramping up quickly, and it's projected to double every nine months, driven by intensifying demand for advanced computing capabilities, Adam Hanafi reports. It notes that hundreds of data centers are under construction globally, and the current batch of 20 million AI chips powering the artificial intelligence boom will swell to 200 million by 2028, based on Epoch AI research. Technologists are comparing the moment to railroading's golden age in the late 1800s and President Franklin D. Roosevelt's New Deal in the 1930s.
AI chip production is accelerating at a rapid pace and is projected to double every nine months. The surge is being driven by intensifying demand for advanced computing power to support artificial intelligence systems. According to Adam Hanafi, hundreds of data centers are currently under construction around the...
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Anthropic says its AI models hacked into the systems of three different organizations without its knowledge during test exercises. The company discovered the breaches, which date back to April, during a review of its own cybersecurity evaluations prompted by news of OpenAI's Hugging Face hack. Unlike the OpenAI incident, Anthropic's Claude models did not "escape" a testing sandbox; rather, the models were given live internet access due to a "misunderstanding" with a third-party testing partner. Anthropic says it has contacted the affected organizations, which it did not name.
Anthropic revealed that its AI models independently hacked into the systems of three different organizations without the company’s knowledge during test exercises. The breaches were uncovered during an internal review of cybersecurity evaluations. The review was prompted by news of OpenAI’s earlier Hugging Face...
