investment
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Global cybersecurity spending is set to rise 12% in 2025 – here are the industries ramping up investment
Global cybersecurity spending is expected to surge this year, fueled by escalating state-sponsored threats and the rise of generative AI, according to new analysis from IDC. Statistics from the consultancy’s Worldwide Security Spending Guide show spending is expected to grow by 12.2% across the year and to hit $377 billion by 2028. The bulk of this spending – 70% –…
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Six arrested for AI-powered investment scams that stole $20 million
Spain’s police arrested six individuals behind a large-scale cryptocurrency investment scam that used AI tools to generate deepfake ads featuring popular public figures to lure people. The scam was very successful, defrauding 19 million Euros ($20.9M) from 208 victims worldwide. The police operation, codenamed “COINBLACK – WENDMINE,” started two years ago following the submission of a victim’s complaint. The action…
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ReliaQuest targets international growth, agentic AI gains with $500 million investment
Cybersecurity firm ReliaQuest has raised $500 million as part of a funding round aimed at accelerating international growth and product development. Led by EQT, KKR, and FTV Capital, the funding round brings ReliaQuest’s valuation to $3.4 billion and will enable the firm to drive the development of agentic AI security tools. The investment comes amid a period of rapid growth…
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UK cloud infrastructure set for boost amid $5 billion Oracle investment
Oracle is set to invest $5 billion (£3.85 billion) to ramp up support for the UK’s cloud infrastructure capabilities, the firm has revealed. In an announcement confirming the move, the tech giant said the funding will be distributed over the next five years and go towards expanding the footprint of Oracle Cloud Infrastructure (OCI) in the country. It will also…
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National Grid investment wing backs AI startups to boost energy efficiency
National Grid Partners, the venture capital and innovation arm of the UK utility firm, has unveiled plans to invest $100 million in AI startups in the energy field. With pressure on the grid increasing, the investment division is exploring solutions that will help make the grid more efficient, resilient, and dynamic. This means improving efficiency, cutting customer costs, reducing emissions,…
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Multi-billion dollar energy investment firm notifies hundreds of a data breach that compromised SSNs
Luxembourg energy investment firm Ikav Energy this week confirmed it notified hundreds of Americans about a December 2024 data breach that compromised their names and Social Security numbers. Ikav notified 722 people in Texas and 15 in Massachusetts of the breach, with more victims expected as more states disclose their own breach figures. Ransomware group DragonForce claimed responsibility for the…
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TSMC’s $100B Investment in US Data Centers Sets Foreign Investment Record
Image: Wikimedia Commons/TrickHunter Taiwan Semiconductor Manufacturing Company has pledged to spend an additional $100 billion building data centres in the U.S., bringing total spend up to $160 billion. The investment will go into building three new fabrication plants in Phoenix, Arizona, as well as two packaging facilities and a research center. TSMC has dubbed it the “largest single foreign direct…
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Apple’s $500B US jobs ‘investment’? Same old, same old.
It sounds so good, doesn’t it? After Apple CEO Tim Cook met with US President Donald J. Trump, Cook announced: “We are bullish on the future of American innovation, and we’re proud to build on our long-standing US investments with this $500 billion commitment to our country’s future. We’ll keep working with people and companies across this country to help write an…
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NinjaOne secures $500 million investment at $5 billion valuation
NinjaOne has raised $500 million in a funding round that will see heightened investment and expansion of the firm’s endpoint management offerings. Bringing its valuation to $5 billion, the funding was led by ICONIQ Growth and CapitalG, Alphabet’s independent investment fund, and other private investors. NinjaOne said the investment will be used to fund research and development into autonomous endpoint…
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Zacks Investment breach could leave 12 million customer accounts exposed
Zacks Investment, a leading investment research company, has allegedly suffered a data breach that could see roughly 15 million customer records exposed. A threat actor under the name Jurak posted on the dark web hacking forum BreachForums on 24 January 2025, claiming to have breached Zacks Investment in June last year. Zacks is a major financial analysis provider best known…
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