SVB Financial has officially filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. This comes one week after trading was stopped for the company and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries.As a result, …
Read More »Torch is developing outside solar-powered sensors to detect wildfires quickly
The best piece of smart home hardware I’ve ever bought is the Nest Protect. Smoke detectors, more so than other household items, might benefit from being connected. They significantly contribute to your feeling of security while you’re away from home. Ideally, you won’t ever need it, but if you do, …
Read More »Reddit is getting rid of its copy of Clubhouse. Reddit Talk
When Clubhouse became very popular, every platform rushed to make a copy of it. But in the last year or so, the format has become less popular, and companies are rethinking what they should focus on. Reddit announced on Wednesday that its live audio service, Reddit Talk, will end on …
Read More »Indian fintech unicorn Slice buys bank stake
Analysts say Slice has a 5% stake in an Indian bank. North East Small Finance is a key step in the unicorn fintech startup’s journey amid mounting central bank challenges that have toppled many young firms. A regulatory filing showed that the Bengaluru startup paid $3.42 million for the 5% …
Read More »Worldcoin, cofounded by Sam Altman, bets AI’s next big thing is proving you’re human
Fake online identities are common. The ability to easily create them has been a boon for social media platforms—more “users”—and a scourge, as they spread conspiracy theories, distorted discourse, and other social ills. ChatGPT shows that Twitter bots are nothing compared to what’s coming. In a few years, it will …
Read More »According to a watchdog, the Secret Service and ICE engaged in warrantless stingray monitoring
A government watchdog found that the Secret Service and ICE’s Homeland Security Investigations (HSI) section often broke the law when they spied on people’s cell phones in a snoopy way. Last week, the inspector general for Homeland Security, who is in charge of keeping an eye on the U.S. government …
Read More »Twitter Blue is now available in more than 20 nations
More than 20 new nations in Europe are now able to use Twitter’s paid service, Twitter Blue. These countries are the Czech Republic, Finland, Denmark, Greece, Austria, Hungary, Bulgaria, Lithuania, Slovakia, Latvia, Slovenia, Estonia, Estonia, Croatia, Luxembourg, Malta, and Cyprus.They also include the Netherlands, Poland, Ireland, Belgium, Sweden, Romania, and …
Read More »The US government says royal ransomware is threatening crucial infrastructure
The Royal ransomware operation is getting a lot of attention. The U.S. government says that it targeted a number of important infrastructure sectors across the country. In a joint statement on Thursday, the FBI and the US cybersecurity agency CISA said that the Royal ransomware has affected businesses in the …
Read More »The largest hydrogen fuel cell ever to fly takes to the skies thanks to Universal Hydrogen
Co-founder and CEO Paul Eremenko called it the start of a “new golden age of aviation” as a Universal Hydrogen-branded jet made its first test flight in eastern Washington using the largest hydrogen fuel cell ever used to power an aircraft. Even though the 15-minute test flight of the modified …
Read More »Renovate is building roof-shingle robots
Roofing isn’t glamorous. It meets the three Ds of automation—dull, dirty, and dangerous—with ease. Some smart roboticists could transform it. It’s always one of the most dangerous construction jobs, but there are a lot of roofs in the world, so everyone who wants one should have one. At launch, Renovate …
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