State-sponsored hackers from North Korea have taken more than $400 million in cryptocurrency by using fake video calls to steal people’s identities, US authorities say. More than 900 victims have fallen prey to the scheme, which the FBI refers to as FaceStealer, in the last 18 months, according to the bureau. “The North Korean regime
Upwind, a San Francisco startup that uses AI to secure cloud infrastructure, has raised a $400 million Series C round at a $3.8 billion valuation led by Bessemer Venture Partners, with participation from existing backers including Greylock Partners and Craft Ventures. The round comes nine months after Upwind closed its previous $250 million financing at
TikTok has agreed to pay $400m (£293m) to the US to end a lawsuit alleging its platform violated children‘s privacy, marking one of the largest ever settlements over the issue. The deal stems from a 2024 suit by the Department of Justice under former President Joe Biden alleging TikTok and its parent company ByteDance collected
Situational Awareness may have had to sell off the majority of its public portfolio last month, but the AI-focused hedge fund is still making some big bets. This week, the fund invested $400 million into Source Foundry, a startup founded by Stanford researchers aiming to make chip manufacturing faster and cheaper, according to The Wall
