Nvidia challenger AI chip startup MatX raised $500M

Nvidia challenger AI chip startup MatX raised $500M

MatX, a chip startup founded by two former Google hardware engineers, has raised a $500 million Series B led by Jane Street and Situational Awareness, an investment fund formed by former OpenAI researcher Leopold Aschenbrenner. The company’s goal is to make its processors 10 times better at training LLMs and delivering results than Nvidia’s GPUs….

Read More
Conduent data breach grows, affecting at least 25M people

Conduent data breach grows, affecting at least 25M people

The spillover from a ransomware attack on one of the largest government contractors in the United States keeps getting bigger: more than 25 million people have now had personal data stolen in the hack. Conduent provides printing, mailroom services, and document and payment processing services for state government benefit operations, such as food assistance, as…

Read More
VPN flaws allowed Chinese hackers to compromise dozens of Ivanti customers, says report

VPN flaws allowed Chinese hackers to compromise dozens of Ivanti customers, says report

In February 2021, software giant Ivanti discovered that Chinese hackers had breached the network of Pulse Secure, one of its subsidiaries that provided VPN appliances to dozens of companies and government agencies around the world, according to new reporting by Bloomberg. The hackers exploited a secret backdoor they had planted in Pulse Secure’s VPN software,…

Read More
Can the creator economy stay afloat in a flood of AI slop?

Can the creator economy stay afloat in a flood of AI slop?

Online creators and their business models were on our mind this week after mega-popular YouTuber MrBeast announced that his company is buying fintech startup Step, followed by Hollywood studios sending a flurry of cease-and-desist letters to ByteDance over the launch of its new video generation model Seedance 2.0. Those seemingly unconnected headlines suggest a media…

Read More
Apple might take a new approach to announcing its next products

Apple might take a new approach to announcing its next products

Apple has invited the tech press to a “special Apple experience” on March 4, but it might unfold a bit differently than the company’s standard press event. Bloomberg’s Mark Gurman reports that instead of announcing everything at a single keynote, Apple is planning a “three-day flurry of announcements” — presumably announced online, and culminating in…

Read More