Bloomberg : Sources: Spain-based Multiverse, which shrinks LLMs to reduce energy and compute costs, is in talks to raise ~€500M at a €1.5...
Sources: Spain-based Multiverse, which shrinks LLMs to reduce energy and compute costs, is in talks to raise ~€500M at a €1.5B+ valuation and has hit €100M ARR — Multiverse Computing SL, a Spanish artificial intelligence software company, is in discussions to raise about €500 million …
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Gary Shapiro plans to step down as CEO of the Consumer Technology Association, the owner and producer of annual CES events in Las Vegas, after 35+ years — President Kinsey Fabrizio to succeed Shapiro as CEO effective May 1 — Gary Shapiro is exiting as CEO of the Consumer Technology Association …
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Sources: KPMG negotiated lower fees from auditor Grant Thornton by arguing that AI will make it cheaper to do the work, and threatened to find a new auditor — Big Four accounting firm's move to cut fees for its own audit comes amid debate over pricing model
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Singapore blames Chinese-backed hacking group UNC3886 for a months-long cyber-espionage campaign that targeted its four largest telecommunication companies — Singapore's government has blamed a known Chinese cyber-espionage group for targeting four of its top telecommunication companies as part of a months-long attack.
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Sources: crypto exchange Kraken has fired its CFO Stephanie Lemmerman ahead of its long-awaited IPO; Lemmerman joined Kraken from Dapper Labs in November 2024 — Kraken has moved chief financial officer Stephanie Lemmerman to a strategic advisory role, according to a person familiar with the matter.
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Reco, which makes AI agents that monitor SaaS environments for threats, raised a $30M Series B led by Zeev Ventures, bringing its total funding to $85M — The funding aims to expand platform reach amid rising Shadow AI usage and regulatory scrutiny. — Cybersecurity company Reco …
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Vega, which uses AI to detect security threats directly within cloud services, raised a $120M Series B at a $700M valuation, bringing its total raised to $185M — Modern enterprises generate enormous amounts of security data, but legacy tools like Splunk still require companies to store …
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Doc: the EU is proposing a ban on crypto transactions with Russia to prevent the circumvention of sanctions through platforms like A7 and stablecoins like A7A5 — Brussels also wants to prohibit some trade with Kyrgyzstan, in first use of new powers against sanctions circumvention
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UK's FCA adds Blockchain.com to its registry of licensed crypto companies; the company withdrew its initial application in 2022 to pivot operations to Lithuania — The London-based company elected to withdraw its application for FCA licensing in March 2022 having not won approval ahead of an impending deadline.
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Google gains unconditional EU antitrust approval for its $32B acquisition of cybersecurity company Wiz — Alphabet's (GOOGL.O) Google gained unconditional EU antitrust approval on Tuesday for its $32 billion acquisition of cybersecurity company Wiz, its biggest ever deal …
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