The U.S. government imposed sanctions on FUNNULL, a company accused of providing infrastructure for cybercriminals running so-called “pig butchering” crypto scams that have led to $200 million in losses for Americans victims. On Thursday, the Treasury’s Office of Foreign Assets Control announced the sanctions, saying FUNNULL is “linked to the majority of virtual currency investment…
New Zealand’s deep tech ambitions just got a $25 million boost. Outset Ventures, the Auckland-based venture firm and incubator that spun out unicorns like Rocket Lab and LanzaTech, has closed its second fund at an oversubscribed $41.5 million NZD. The fund’s mission is to back startups working on hard science and engineering breakthroughs — technologies…
If and when AI will start replacing human labor has been the subject of numerous debates. While it’s still hard to say with certainty if AI is beginning to take over roles previously done by humans, a recent survey from the World Economic Forum found that 40% of employers intend to cut staff where AI…
Artificial intelligence has sent demand for electricity skyrocketing in the U.S. after years of virtually zero growth. That has sent Big Tech companies scrambling to secure generating capacity for their data centers. For many, that has meant turning to nuclear fission. The power source has been experiencing a resurgence in the last few years following…
