Cisco is launching a new AI-focused security product, called HyperShield, on the back of its $28bn Splunk deal. “We’re moving from a world of scarcity to a world of abundance, with digital AI assistants for everything,” @jpatel41 told CNBC.
@ryan_browne_
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Disturbing Technology Raises Ethical and Safety Concerns
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This is giving "Soma" level of creepiness 😬 pic.twitter.com/cyD8esi8Wl
— Ryan Browne (@Ryan_Browne_) 17 avril 2024This is giving "Soma" level of creepiness
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SEC Targets $100bn DeFi Industry Over Token Securities
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Massive move from the SEC against the ~$100bn DeFi industry Unclear yet what the SEC is alleging here, but we can strongly suspect it follows along the lines of: tokens issued and traded on Uniswap constitute securities and should be registered with the regulator.
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NVIDIA Stock Correction: GPU Demand Concerns Amid AI Model Shifts
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NVIDIA stock briefly hit “correction" territory. The GPU maker's stock fell 10% from ATH at Tuesday's close. It's still up 200% year-over-year, though. DA Davidson fears a "shrinking" of AI models in future will lower demand for Nvidia's powerful chips. https://
cnbc.com/2024/04/10/nvi
dia-nvda-stock-down-10percent-from-highs-in-correction-territory.html
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Ripple Launches U.S. Dollar Stablecoin in Regulated Market
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New: Ripple is launching its own U.S. dollar stablecoin. This is big. Stablecoins is a $150 billion market dominated by Tether & Circle. @bgarlinghouse isn’t worried. He says Ripple, unlike certain other issuers, is regulated and compliant.
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Coinbase Becomes First International Crypto Exchange Approved in Canada
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Exclusive: Coinbase secured a restricted dealer registration in Canada, making it the first international crypto exchange in the country with coveted approval from the Canadian Securities Administrators.
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ClearBank Posts First Annual Profit After 91% Revenue Jump
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New: ClearBank, the UK embedded fintech powering Coinbase and Tide, reported its first full-year profit after a 91% jump in revenue. The firm is in no rush for an IPO, per CEO Charles McManus, who tells me it'll only IPO or sell up after US expansion.
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Legal AI Startup Luminance Secures $40M Funding Round
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Scoop: Legal AI startup Luminance raised $40 million in funding from investors including March Capital, National Grid Partners, and Slaughter and May. The funding will help Luminance expand in the US with more staff and new offices, @ecbweaver tells me.
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Ledger CEO discusses digital assets at Blockworks summit
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Pics from my fireside with the CEO of @Ledger
, @_pgauthier
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Chinese State Hackers Target UK Electoral Commission and Parliament
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New: UK Deputy PM Oliver Dowden accuses Chinese state-affiliated hackers of being behind two "malicious cyber campaigns." One, an attack on the Electoral Commission during 2021 and 2022 ; the second, an "unsuccessful" spying campaign on UK MPs in 2021.