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CVE funding cuts reversed after security concerns raised – Computerworld
“CVE is a cornerstone of cybersecurity, and any gaps in CVE support will put our critical infrastructure and national security at unacceptable risk,” Luta Security founder and CEO Katie Moussouris told The Register. “All industries worldwide depend on the CVE program to keep their heads above water when it comes to managing threats, so an abrupt halt like this would be…
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Confusion and frustration as MITRE CVE program funding expires
Funding for the non-profit MITRE Corporation’s Common Vulnerabilities and Exposures (CVEs) database is set to expire today in a major blow to cybersecurity professionals. The CVE database is a cornerstone of the international cyber community, bringing together trusted partners to share threat data. Each security vulnerability within the database is designated a unique CVE ID, giving cybersecurity teams a standardized…
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OpenAI Secures $40B in Historic Funding Round — But There’s a $10B Catch
OpenAI, the company behind ChatGPT, has just completed the largest private tech funding round in history — raising $40 billion at a $300 billion valuation. The deal, led by Japan’s SoftBank with backing from Microsoft and other investors, solidifies OpenAI as one of the world’s most valuable private companies, trailing only SpaceX and rivaling TikTok’s parent company, ByteDance. A historic…
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OpenAI just raised another $40 billion funding round
OpenAI is set to receive $10 billion up front (SoftBank will invest $7.5 billion along with $2.5 billion “from an investor syndicate,“ according to Bloomberg). The remaining $30 billion is slated to arrive by year’s end, CNBC reported — but only if it officially converts into a for-profit company by then. If not, it reportedly stands to lose a quarter…
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UK government targets ‘startup’ mindset in AI funding overhaul
Public sector AI funding will be overhauled in the UK in a bid to simplify processes and push more projects into development, the government has revealed. Announced by the UK’s Department for Science Innovation and Technology (DSIT), the new approach to spending will seek to embed a “startup” mindset and change how the government funds small AI projects and outdated…
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Apple plans to spend $500 billion in the next four years – but how much of that is fresh funding?
Apple has announced plans to invest more than $500 billion in the US over the next four years, marking the tech giant’s largest-ever spending commitment. The funding will go on a broad mix of projects, including expanding the staff and facilities in Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington, as well as on a new factory…
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“Thinly spread”: Questions raised over UK government’s latest cyber funding scheme
The UK government plans to spend £1.9 million on cyber resilience projects across the country, the Department for Science, Innovation and Technology (DSIT) has revealed. With planned investment in more than 30 projects, the money will help improve the UK’s cyber resilience for both businesses and consumers, and boost national cyber skills. Some projects set to receive funding include ‘CyberSecurityAId:…
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Climate group that called for Gaza ceasefire risks losing federal funding
An alliance of grassroots environmental groups could lose $60 million in federal funding after calling for a ceasefire in Gaza. The Climate Justice Alliance (CJA) was named one of the Environmental Protection Agency’s “grantmakers” more than a year ago, putting it in charge of distributing subgrants for locally led environmental projects. But out of 11 of the EPA’s grantmakers, the…
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Databricks targets steep growth after historic funding round
Databricks has raised $10 billion in venture capital (VC) funding, marking one of the largest investment rounds in tech history. Founded in 2013, Databricks is built upon the open source Linux Foundation Delta Lake lakehouse system, though its Data Intelligence Platform announced last year marked a shift towards more AI integration following its acquisition of MosaicML. Just over a decade…
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OpenAI just raised $6.6bn in funding, but it drove a hard bargain – investors will be stopped from funding rivals
OpenAI has sealed its much-watched funding round, raising $6.6 billion from investors including Microsoft, Nvidia, and venture capitalists. The funding round values OpenAI at $157 billion, and includes $1.2 billion from Thrive Capital alone, as well as money from Khosla Ventures, SoftBank, and Fidelity, among others. Nvidia’s investment marked its first in OpenAI. Apple had been widely reported to be…
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