kakao Kakao Co-CEO Resigns Following Massive Data Center Fire Outage Kakao co-CEO Whon Namkoong steps down after a fire at an SK C&C data center knocks out major services for millions of South Koreans. The company pledges hundreds of millions to build its own server infrastructure.
fintech Index Ventures Sees Fintech Opportunity in Consumer Finance and Infrastructure Index Ventures partner Mark Goldberg compares the current fintech fundraising environment to a hangover after last year's party, noting that his firm is actively investing in the next generation of financial technology companies.
liveeo Berlin Startup LiveEO Raises 19.5 Million to Transform Satellite Data for Industry LiveEO secures €19 million to scale its satellite analytics platform, which turns raw geospatial data into actionable insights for energy and transportation companies. The funding highlights growing European investor interest in space technology applications.
google cloud Google Cloud Next 2022 Highlights Key Infrastructure and AI Updates Google Cloud Next 2022 showcases major advancements in cloud infrastructure, cybersecurity, and artificial intelligence. These new tools aim to help businesses streamline operations and scale their digital services.
crypto Venture Capital Funding Drops in May as Crypto Valuations Reset Crypto venture capital funding falls 38% in May compared to April, but remains nearly double the levels seen a year ago. Investors view this valuation reset as an ideal opportunity to back strong projects at more reasonable prices.
aws AWS Posts Strong Q1 Gains as Amazon Reports $3.8 Billion Loss Amazon Web Services generates $18.4 billion in revenue and boasts a massive $88.9 billion backlog, contrasting sharply with Amazon's overall quarterly loss.
artificial intelligence AI and Data Science Face Growing Pains Amid Rising Tech Demands The rapid expansion of artificial intelligence and machine learning technologies is currently colliding with infrastructure limitations. Increased user demand is causing significant bottlenecks across major data platforms.
boston dynamics Boston Dynamics Spot Robot Dog Transitions From Viral Videos to Real-World Jobs Boston Dynamics is finally putting its famous robotic dog, Spot, to work by outfitting the machine for automated infrastructure inspection. While the company refuses to weaponize its creations, other manufacturers are already adapting the design for military reconnaissance and security.
infrastructure Senate Passes $550 Billion Bipartisan Infrastructure Bill The U.S. Senate passes the Infrastructure Investment and Jobs Act, providing $550 billion in new funding for roads, bridges, broadband, and water systems. The comprehensive legislation now moves to the House of Representatives for consideration.
ai National AI Research Resource Task Force Schedules Public Meeting The National Artificial Intelligence Research Resource Task Force announces a public meeting to discuss strategy and implementation plans. This gathering focuses on establishing shared AI research infrastructure across the United States.
fcc Biden's FCC Faces Broadband Challenges Left by Trump Administration The new administration's FCC tackles critical broadband infrastructure issues including cybersecurity, 5G deployment, and data collection that previous leadership overlooked.
g7 G7 Leaders Pledge One Billion Vaccine Doses and Fairer Global Taxes The G7 nations commit to sharing one billion COVID-19 vaccine doses over the next year while outlining a massive economic recovery plan. The coalition also champions a reformed global tax system to end corporate tax avoidance.
colonial pipeline Colonial Pipeline Pays Millions to Hackers After Crippling Cyberattack Colonial Pipeline confirms it paid a multimillion-dollar ransom to the DarkSide hacking group following a devastating cyberattack that shut down a major US fuel pipeline.
colonial pipeline Major US Fuel Pipeline Halts Operations After Sophisticated Darkside Cyberattack The largest fuel pipeline in the United States shuts down after a hacker group known as Darkside conducts a double extortion attack. The breach disrupts fuel supply for over 50 million Americans and highlights growing vulnerabilities in critical infrastructure.
cybersecurity Russian Hackers Paralyze Major U.S. Fuel Pipeline in Ransomware Attack A Russian cybercriminal group known as DarkSide forces the Colonial Pipeline to shut down, prompting a federal emergency declaration to ease fuel transport rules. The attack threatens to cause gas shortages and price hikes across the eastern United States.