With trade war looming, Chinese cyberattacks may follow

With the prospect of a trade war on the horizon between U.S. and China, cybersecurity and policy experts say government-backed cyberattacks between the two countries may spike after years of calm. For the last two weeks, Chinese and U.S. government officials have been sparring over the potential creation of tariffs, which would place a tax on foreign exports coming into America. “Potential tariff implementation could raise uncertainty over the possibility of a trade war between the two countries and possibly drive a further uptick in Chinese cyber espionage,” said Dmitri Alperovitch, chief technology officer of cybersecurity firm CrowdStrike, in a email to CyberScoop. “CrowdStrike has seen some pickup in Chinese cyber espionage activity over the last year, and we expect this trend to continue … There tends to be a shift in activity from nation-state adversaries when major geopolitical events occur.” Historically, the Chinese government has successfully employed hackers to advance their […]

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New credit card skimmer worked in plain sight at Aldi stores

 Police in Lower Pottsgrove, Pennsylvania have spotted a group of thieves who are placing completely camouflaged skimmers on top of credit card terminals in Aldi stores. The skimmers, which the gang placed in plain sight of surveillance video came… Continue reading New credit card skimmer worked in plain sight at Aldi stores

ROSS Intelligence lands $8.7M Series A to speed up legal research with AI

 Armed with an understanding of machine learning, ROSS Intelligence is going after LexisNexis and Thomson Reuters for ownership of legal research. The startup, founded in 2015 by Andrew Arruda, Jimoh Ovbiagele and Pargles Dall’Oglio at the University of Toronto, is announcing an $8.7 million Series A today led by iNovia Capital with participation from Comcast Ventures Catalyst Fund,… Read More Continue reading ROSS Intelligence lands $8.7M Series A to speed up legal research with AI

Petuum secures $93M Series B to push AI into the mainstream

 With a shortage of machine learning developers bearing down on the industry, startups and big tech companies alike are moving to democratize the tools necessary to commercialize artificial intelligence. The latest startup, Petuum, is announcing a $93 million Series B this morning from Softbank and Advantech Capital.
Founded last year by Dr. Eric Xing, a Carnegie Mellon machine learning… Read More Continue reading Petuum secures $93M Series B to push AI into the mainstream

Our favorite pitches from Alchemist Accelerator’s 16th batch

 Alchemist Accelerator, known for its specialty in working with enterprise startups, held its 16th demo day at Microsoft’s offices in Mountain View, California. 18 startups pitched ideas ranging from more traditional marketplaces to frontier aerospace technology. Addressing the packed auditorium before the pitches began, Ravi Belani, managing partner at Alchemist, reasserted his core… Read More Continue reading Our favorite pitches from Alchemist Accelerator’s 16th batch

TalkIQ raises $14 million Series A to give enterprises AI insights into voice communication

 There’s no shortage of startups building their brands around AI for enterprise. And within the enterprise, few spaces are as competitive as AI-powered voice analytics. TalkIQ is the latest company in the space to carry home a large round of financing with promise. With $14 million in Series A funding, the TalkIQ team is hoping its proprietary tech stack and engineering-heavy team will… Read More Continue reading TalkIQ raises $14 million Series A to give enterprises AI insights into voice communication

The director of Baidu’s Silicon Valley AI Lab has departed

 Adam Coates, director of Baidu’s Silicon Valley AI Lab, has left the company, according to a recent LinkedIn update from Coates. Coates joined the Chinese search giant back in May of 2014 to lead a California-based team of 50 machine learning developers. Baidu has built up an established proficiency in natural language processing. While at Baidu, Coates publicly evangelized… Read More Continue reading The director of Baidu’s Silicon Valley AI Lab has departed

The director of Baidu’s Silicon Valley AI Lab has departed

 Adam Coates, director of Baidu’s Silicon Valley AI Lab, has left the company, according to a recent LinkedIn update from Coates. Coates joined the Chinese search giant back in May of 2014 to lead a California-based team of 50 machine learning developers. Baidu has built up an established proficiency in natural language processing. While at Baidu, Coates publicly evangelized… Read More Continue reading The director of Baidu’s Silicon Valley AI Lab has departed

GoodTime nabs $2M to match job applicants with interviewers to save time and build rapport

 Despite countless attempts and millions in venture capital, the calendar, one of the most ubiquitous work tools, has remained largely unchanged for as long as I can remember. Rather than overwrite the calendar in an effort to make it obsolete, Ahryun Moon and Jasper Sone, co-founders of GoodTime, are putting the calendar front and center — embracing it as a means of understanding… Read More Continue reading GoodTime nabs $2M to match job applicants with interviewers to save time and build rapport

Tetra raises a $1.5M seed round to bring deep learning to voice transcription

 There are a million and one services for voice transcription on the market. But even with just one job to do, I’ve never seen a service that can handle the long tail of vocabulary used in the real world. This is particularly challenging if you’re a startup trying to sell your service to enterprises that rely on accurate transcription for their operations. Read More Continue reading Tetra raises a $1.5M seed round to bring deep learning to voice transcription