Author: Zech
Low angle shot of skyscrapers under a sunny sky in Frankfurt, Germany The European Central Bank has published the results of its first stress test of EU banks’ cybersecurity measures, finding that many lenders would struggle to recover from the hacks. The ECB asked 109 banks to detail their emergency plans in case of a cyberattack, including both how to respond to an intrusion and how to restore normal operations for customers. After reviewing the banks’ procedures, the ECB provided feedback on areas where each bank could improve its response, such as strengthening backup systems and strengthening controls over third-party…
Shares of Saab Robotics Inc. (SERV) are soaring higher on Friday, driven by a continuation of momentum from yesterday and the company’s recent positive performance.What Happened: Earlier this week, Serve Robotics announced that it had completed a $15 million private placement with a single institutional investor. The private placement includes the sale of pre-funded warrants to purchase 2.5 million common shares and warrants to purchase up to an additional 2.5 million shares at an exercise price of $6 per share. Total proceeds from the offering will be used to support Serve’s strategic growth initiatives.Additionally, Serve Robotics has appointed financial leader…
Shares of Saab Robotics Inc. (SERV) are soaring higher on Friday, driven by a continuation of momentum from yesterday and the company’s recent positive performance. What Happened: Earlier this week, Serve Robotics announced that it had completed a $15 million private placement with a single institutional investor. The private placement includes the sale of pre-funded warrants to purchase 2.5 million common shares and warrants to purchase up to an additional 2.5 million shares at an exercise price of $6 per share. Total proceeds from the offering will be used to support Serve’s strategic growth initiatives. Additionally, Serve Robotics has appointed…
Get your free copy of Editor’s DigestFT editor Roula Khalaf picks her favourite stories in this weekly newsletter.Artificial intelligence startup Anthropic is accused of aggressively harvesting data from websites to train its systems, potentially violating publishers’ terms of service in the process, according to people familiar with the matter. AI developers rely on ingesting vast amounts of data extracted from various sources to create large-scale language models, the technology behind chatbots such as OpenAI’s ChatGPT and Anthropic’s rival Claude. Anthropic was founded by a group of former OpenAI researchers with the promise of developing “responsible” AI systems. But Freelancer.com CEO…
ryasick/E+ via Getty Images introduction Our “Undercovered” Dozen series highlights stocks that are underrepresented on our platform to provide new sources of ideation. This time we will look at ideas that were released between July 19th and 25th. Let’s take a look at what these under-covered ideas mean to you, then join the conversation below and share your thoughts: Are any of these ideas worth following up on? Click to enlarge “Long as a single thread” may be the answer to a question that can’t be answered concretely. The question of how much Hawaiian Electric Industries (HE) must pay in…
Chad Cox Production Editor Embedded Computing Design July 26, 2024 news Soracom Inc. has announced two products aimed at speeding up the deployment of larger, more complex IoT projects by more comprehensively incorporating Generative AI (GenAI) capabilities within its IoT connectivity stack. “We have always envisioned an IoT where connected devices can interact with each other and make decisions in real time,” said Kenta Yasukawa, CTO and co-founder of Soracom. “The advent of our public GenAI service has the potential to make that vision a reality. Soracom Flux and Soracom Query Intelligence drive AI even deeper within the IoT stack.…
Joe Pasqualetta For snow and ice businesses, effective software can save time, increase leads, and unlock new revenue potential. Joe Pascaretta, COO of WorkWave and former landscaping business owner, explains how the right business software can take your snow and ice business to the next level. Communication is key For Pasqualetta, the biggest benefit the software can offer snow and ice contractors is the ability to communicate not only with employees but also with customers. “The ability to send reminders and notifications and communicate with customers is critical for seasonal events,” he says. “Customers want to know, ‘Where are the…
Robotics is no longer just a science fiction fantasy: robots are transforming our world in real time. From enhancing manufacturing and logistics to revolutionizing healthcare and everyday life, robots are used widely and are only expected to grow in the coming years. With growth poised in this fast-growing sector, now may be a good time to consider investing in three fundamentally strong robotics stocks: Intuitive Surgical, Inc. (ISRG), Fanuc Corporation (FANUY), and iRobot Corporation (IRBT). For example, Tesla (TSLA) recently introduced humanoid robots onto its production lines, with CEO Elon Musk suggesting that these robots could eventually surpass automotive revenues,…
Nvidia, the developer of the processors used to train modern AI models, has been driving the generative AI (GenAI) revolution. The company runs its own large-scale language models (LLMs) and several in-house AI applications. The latter includes the company’s NeMo platform for building and deploying LLMs, as well as a range of AI-based applications such as object simulation and reconstructing the DNA of extinct species.In a session called “Practical LLM Security: Lessons from a Year on the Frontlines” at Black Hat USA next month, Richard Harang, principal security architect for AI/ML at the chip giant, will talk about the lessons…
WATCH: The Columbus Dispatch’s breaking news of the week for July 26, 2024Here are some stories you may have missed on Dispatch.com and in the print edition of the Columbus Dispatch.Columbus city departments were allowed to have employees work from home this week amid ongoing technology outages caused by a cybersecurity incident that began last Thursday.Melanie Crabill, a spokeswoman for Mayor Andrew Ginther, said the city gave department heads the authority this week to allow employees to work from home on a case-by-case basis. She said the mayor’s office doesn’t track how many employees are not working from the office,…