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Peak XV eyes $50M investment in former Edelweiss executives’ Neo

Smart TvsBy Shiv Eswar August 16, 2023

Peak XV Partners is in advanced stages of deliberations to lead a financing round in Neo Group, an asset management and financial advisory firm, three sources familiar with the matter said. The firm is finalizing an investment of as much as $50 million in Neo Group, which also runs a family office, the sources said,…

Intel and Tower Semiconductor cancel $5.4B merger over regulatory hurdles

DronesBy Shiv Eswar August 16, 2023

Intel has called time on its plan to acquire contract chipmaker Tower Semiconductor, citing its inability “to obtain in a timely manner the regulatory approvals required under the merger agreement.” Chip giant Intel first announced it was planning to buy the Israeli company for $5.4 billion way back in February last year, a move designed…

In today’s dynamic professional landscape, a job interview can be a nerve-wracking experience for many job seekers. Understanding what to expect in a job interview can make the process smoother and improve your chances of landing that new job. Related: Job Interview Preparation Checklist | Entrepreneur What is a job interview like today? The modern…

Paid users of X, formerly Twitter, gets a new tab to highlight their posts

Cyber AttacksBy Jessica Venkat August 16, 2023

X, formerly Twitter, has started rolling out a new feature for paid users to show off some of their posts through a new ‘Highlights’ tab. The social network updated its Blue/ X Premium support page to include details about the highlights feature. “Feature your best posts by Highlighting those posts and they’ll appear on your…

Nearly 2,000 Citrix NetScaler Instances Hacked via Critical Vulnerability

Web Security NewsBy Jessica Venkat August 16, 2023

Aug 16, 2023THNVulnerability / Enterprise Security Nearly 2,000 Citrix NetScaler instances have been compromised with a backdoor by weaponizing a recently disclosed critical security vulnerability as part of a large-scale attack. “An adversary appears to have exploited CVE-2023-3519 in an automated fashion, placing web shells on vulnerable NetScalers to gain persistent access,” NCC Group said…

SK Telecom invests $100M in Anthropic to develop a LLM for telcos

Telecom NewsBy Haslinda Bt Ghani August 16, 2023

SK Telecom (SKT) has announced a $100 million investment in Anthropic to develop a large language model (LLM) customised for telecommunications companies. Anthropic is a renowned AI safety and research firm based in San Francisco. SKT’s venture capital firm, SK Telecom Venture Capital, has previously invested in Anthropic. The deepening collaboration between SKT and Anthropic…

SK Telecom invests $100M in Anthropic to develop a LLM for telcos

Telecom innovationsBy Haslinda Bt Ghani August 16, 2023

SK Telecom invests $100M in Anthropic to develop a LLM for telcos

Industry NewsBy Haslinda Bt Ghani August 16, 2023

Daily Archives: August 16, 2023