Insurance co’s stand to lose billions from disasters like the LA fires; Comulate raises $20M to build tech to help them work more smoothly

Posted on February 11, 2025 by Techme101

Unimaginable disasters like the fires in Los Angeles with their hundreds of billions of dollars in destruction put a huge focus on the role the insurance industry plays in the process of rebuilding. Those events will also lead to major financial losses at the insurance companies themselves. And longer term, all of this will put […]
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Authorities arrest four suspected 8base ransomware operators in global takedown 

Posted on February 11, 2025 by Techme101

The Russian nationals are accused of launching more than 1,000 ransomware attacks worldwide to steal $16 million
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UK and US refuse to sign international AI declaration

Posted on February 11, 2025 by Techme101

It follows a warning from US Vice President JD Vance that excessive regulation could “kill a transformative industry.”

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In Paris, JD Vance skewers EU AI rules, lauds US tech supremacy

Posted on February 11, 2025 by Techme101

At the AI Action Summit in Paris this week, the U.S. declined to sign the statement summarizing the resolutions. But it did make an appearance: Vice President J.D. Vance gave a speech to the audience of dignitaries, tech leaders and regulators. Amid a conference heavy on equitable AI development — specifically, beyond the outsized influence […]
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Google backs Toonsutra to grow its webtoons platform in India

Posted on February 11, 2025 by Techme101

It’s no news that India is a huge market for entertainment businesses, but what often doesn’t get mentioned is that its people love to see content in their own languages. According to a recent survey by non-profit Internet and Mobile Association of India, more than 870 million Indians sought out videos, music and other content […]
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Affirm plans to bring Buy Now, Pay Later debit cards to more users through deal with FIS

Posted on February 11, 2025 by Techme101

Affirm is working with fintech company FIS to bring its debit card to more banks.

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Musk’s $97.4-billion bid for OpenAI aims to ‘slow down a competitor,’ Sam Altman says

Posted on February 11, 2025 by Techme101

Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion. OpenAI CEO Sam Altman said Musk is aiming to “slow down a competitor.”

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EU says AI race ‘far from over’ as bloc pledges 50-billion-euro investment boost

Posted on February 11, 2025 by Techme101

European Commission President Ursula von der Leyen said Tuesday that the race for AI leadership had not yet been won by China or the U.S.

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JD Vance says U.S. will defend American AI and block efforts to weaponize the tech

Posted on February 11, 2025 by Techme101

Vice President JD Vance said the U.S. will safeguard American artificial intelligence and chips and block efforts to “weaponize” the critical technologies.

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AI chatbots unable to accurately summarise news, BBC finds

Posted on February 11, 2025 by Techme101

The BBC’s head of news and current affairs says the developers of the tools are “playing with fire.”

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