Author: TechBrunch
Cyber risk is an increasingly important issue for small and medium-sized businesses around the world. While many companies strive to avoid and mitigate cyber risk, they rarely discuss transferring that risk to third parties. That's why Stoïk has launched a cyber insurance product specifically designed for small and medium-sized businesses. The French startup recently raised a Series B round of 25 million euros (approximately $27 million at current exchange rates). In many ways, Stoick follows in the footsteps of the Coalition and At-Bay. However, rather than selling insurance products to US-based companies, Stoik focuses only on European companies. With Stoïk…
Nvidia stock hit a record high on Monday, closing at $138.07, as Wall Street looks forward to earnings updates on AI infrastructure investments from Microsoft, Meta, Google and Amazon. The stock's rise has been staggering, soaring nearly 180% this year after a rapid rise last year. This also reflects Nvidia's prominent presence in the AI chip market, which is controlled by the company between 70% and 95%, according to Mizuho Securities estimates. In fact, with a market capitalization of $3.4 trillion, Nvidia is currently the second most valuable US company after Apple. At the center of it all is Nvidia…
Microsoft lost an AI expert and OpenAI gained one with the former's vice president of generative AI research Sebastian Bubeck leaving for the latter. The Information first reported the move, and Reuters also confirmed the company's departure from Microsoft. We do know that Bubeck is one of the lead authors of a paper describing Microsoft's Phi model, a set of ultra-small language and vision models aimed at pushing AI applications to edge devices. This type of expertise will become more important in some markets as large-scale, centralized models like OpenAI's GPT-4o give way to on-device models that operate quickly, privately,…
Google today announced it has signed a deal with nuclear power startup Kairos Power to build seven small nuclear reactors to power its data centers. The deal promises to add about 500 megawatts of carbon-free electricity at a time when energy demand for data centers and AI is surging. Google says the new power plant is expected to be operational by the end of 2010. It's unclear whether the reactor will be connected directly to Google's property (a arrangement known as “behind the meter”) or if it will feed into Google's power grid, which claims carbon-free electricity through its agreement…
TechCrunch has lost one of our beloved former colleagues. Steve O'Hear, who wrote for TechCrunch in his hometown of London for more than a decade, has passed away after a short illness. He was 49 years old. It is difficult to explain Steve's extraordinary talent in words. Despite being born with muscular dystrophy, spending his entire life in a wheelchair, and having significant health, mobility, and accessibility issues, he is without a doubt the most productive journalist we have ever worked with. I was one of them. Steve brings the best to this organization every day, making TechCrunch great (and…
Former Product Hunt CEO Josh Buckley has made his fourth $250 million investment in his venture capital firm Buckley Ventures, according to regulatory filings. We are aiming to raise funds. Buckley's ambitions for this fund are significantly lower than for his previous funds. He tried to raise a third $500 million fund in February 2022, just as the VC world was in a bear market. He raised $337 million for it, according to PitchBook data. Amid the funding frenzy that peaked in 2021, Buckley joined the likes of Lachy Groom in seeking better terms than traditional venture capital to land…
As 2024 draws to a close, it will be remembered as the year for the largest and most damaging data breach in recent history. And just when you think it can't get any worse, some of these hacks do. From huge amounts of customers' personal information being harvested, stolen, and posted online to massive amounts of medical data being stolen covering most people in the United States, the 10 worst data breaches in 2024 The number of thefts exceeds the record of 100 million thefts and is on the rise. These breaches not only impact individuals whose data has been…
A Florida data broker that lost hundreds of millions of Social Security numbers and other personally identifiable information in a data breach earlier this year files for Chapter 11 bankruptcy protection as it faces a wave of lawsuits. did. Jericho Pictures, the parent company of hacked data broker National Public Data, told a Florida bankruptcy court that it will not be able to make any expected payments, including repaying debtors and paying for the credit monitoring of “hundreds of people.” “They are unlikely to deal with any debt or class action lawsuits.” Millions of people potentially affected. ” Salvatore Verini,…
In just over two weeks, TechCrunch will bring some of the startup world's leading companies to San Francisco's Disrupt. But our partners provide more than just financial support. Their presence at Disrupt provides startups at all stages with the tools, knowledge, and community they need to succeed. Thank you to Meta for supporting our special invite-only cocktail reception. When you receive your invitation to “Women in Tech(Crunch),” all of TechCrunch's female staff will be waiting for you. Dropbox DocSend hosts the breakout sessions and is one of the Startup Battlefield sponsors, along with JP Morgan. Thank you for your enthusiastic…
Time is ticking! There are only two weeks left until the doors of TechCrunch Disrupt 2024 open. To make sure no one misses out on this highly anticipated event, we're offering Expo+ 2-for-1 passes on the final day leading up to Disrupt 2024. Bring your friends, colleagues, and family to Moscone West in San Francisco from October 28th to 30th. Buy two Expo+ passes for half the price of one. This limited offer is available until October 27th at 11:59pm PT. All ticket prices will increase on the first day of Disrupt 2024. Get two discounted Expo+ passes here. Expo+…