The Justice Department has arrested and charged a Russian national for his alleged role in multiple LockBit ransomware attacks against victims in the U.S. and around the world. According to a criminal complaint unsealed on Thursday, 20-year-old Ruslan Magomedovich Astamirov is accused of carrying out five cyberattacks between August 2020 and March 2023, four of…
Hot on the heels of Elon Musk’s visit to China earlier this month, the country welcomes another American tech billionaire. Bill Gates is meeting President Xi Jinping on Friday in Beijing, China’s state media reported. The goal of the meeting hasn’t been announced publicly, but official media reports will likely follow. A reporter from China’s…
Logan Green, the co-founder and former CEO of ride-hailing platform Lyft, will remain on the company’s board despite opposition from some shareholders, according to preliminary results from the company’s annual shareholder meeting Thursday. The SOC Investment Group, an organization that says it holds corporations and leadership accountable for irresponsible and unethical corporate behavior, sent a…
Venture capital, as an asset class, is an industry of short-term wins. Most funds have a 10-year cycle: two years of initial investments; then two to three years of company building and follow-on investments; after that, five or six years of thumb-twiddling and waiting for the ship to come in, and maybe placing a last…
While the U.K. and U.S. try to block Microsoft’s acquisition of Activision over concerns it will kill competition in games distribution, competition appears to be alive and well in another (smaller) area of gaming: modding and analytics. Wargraphs, a one-man-band startup behind a popular companion app for League of Legends called Porofessor, which helps players…
Bejul Somaia, the founding partner of Lightspeed India, staunchly defended the allure of South Asia’s investment landscape, even in the wake of unsettling movements such as Sequoia’s decision to segregate its Indian venture. “The startup and venture model is predicated on learning and adapting fast, navigating to high upside and understanding that the few companies…
BrightDrop, the electric delivery van subsidiary of General Motors, has made its first delivery outside of the U.S. The company delivered 50 BrightDrop Zevo 600 electric vans to FedEx Express Canada on Wednesday, part of a larger order of 2,500 Zevo EVs. The introduction of BrightDrop’s vans is in line with FedEx’s goal to shift…
Canva has been around since 2013, and has been a tremendously successful design platform, raising over $570 million and garnering 135 million users along the way. With that kind of traction, it makes a ton of sense to let developers tap into that user base and take advantage of the work that the company has…
More than 300 subreddits, including popular ones like r/aww, r/music r/videos, and r/futurology, plan to go dark indefinitely after a large protest against Reddit’s API changes ends on June 14. This means users won’t be able to access these communities during this blackout. This step was announced after The Verge reported that in an internal…
Toyota plans to introduce a high-performance lithium-ion battery to its next-generation electric vehicles by 2026, part of the automaker’s new technology roadmap revealed Tuesday. The batteries will deliver quicker charging and around 620 miles (1,000 kilometers) of range, which would put Toyota’s vehicles ahead of the competition. Toyota has historically trailed behind other major automakers…
