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Tag: cash

  • The Register: Despite Wall Street jitters, AI hopefuls keep spending billions on AI infrastructure

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    Kurt Seifried
    in

    Source URL: https://www.theregister.com/2025/02/25/shaking_off_wall_street_jitters/ Source: The Register Title: Despite Wall Street jitters, AI hopefuls keep spending billions on AI infrastructure Feedly Summary: Sunk cost fallacy? No, I just need a little more cash for this AGI thing I’ve been working on Comment Despite persistent worries that vast spending on AI infrastructure may not pay for itself,…

  • Rekt: Infini – Rekt

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    Kurt Seifried
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    Source URL: https://www.rekt.news/infini-rekt Source: Rekt Title: Infini – Rekt Feedly Summary: The perfect DeFi hack. No flash loans, no zero-days. Just a rogue dev who built a backdoor, waited 114 days, then drained $49.5M from Infini with admin privileges. Same old story, new-age incompetence. When will protocols learn that admin keys aren’t toys? AI Summary…

  • Hacker News: Tolerating full cloud outages with Monzo Stand-in

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    Kurt Seifried
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    Source URL: https://monzo.com/blog/tolerating-full-cloud-outages-with-monzo-stand-in Source: Hacker News Title: Tolerating full cloud outages with Monzo Stand-in Feedly Summary: Comments AI Summary and Description: Yes **Short Summary with Insight:** The text outlines Monzo’s innovative approach to ensuring system reliability and operational resilience through the implementation of its Monzo Stand-in platform, a backup banking infrastructure that operates independently from…

  • The Register: SoftBank woos OpenAI with $40B, making Microsoft’s $13B look quaint

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    Kurt Seifried
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    Source URL: https://www.theregister.com/2025/02/07/softbank_invests_40b_openai/ Source: The Register Title: SoftBank woos OpenAI with $40B, making Microsoft’s $13B look quaint Feedly Summary: Some of that cash is reportedly headed for $500B Stargate dream The AI investment landscape is shifting once again, with SoftBank reportedly finalizing a $40 billion stake in OpenAI – pushing its valuation to around $300…

  • Rekt: Ionic Money – Rekt

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    Kurt Seifried
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    Source URL: https://www.rekt.news/ionic-money-rekt Source: Rekt Title: Ionic Money – Rekt Feedly Summary: Fake LBTC, real losses. Social engineering artists convinced Ionic Money on Mode Network to accept counterfeit collateral, walked away with $6.9M, and left sister protocols holding toxic bags. Previously exploited twice as Midas – third time rekt’s the charm. AI Summary and Description:…

  • New York Times – Artificial Intelligence : DeepSeek Serves as a Warning About Big Tech

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    Kurt Seifried
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    Source URL: https://www.nytimes.com/2025/02/04/opinion/deepseek-ai-big-tech.html Source: New York Times – Artificial Intelligence Title: DeepSeek Serves as a Warning About Big Tech Feedly Summary: The arrival of DeepSeek shows us the competitive weaknesses of America’s tech giants. AI Summary and Description: Yes Summary: The text discusses how the emergence of a new AI model from the Chinese company…

  • News: Law enforcement takes down two largest cybercrime forums in the world

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    Kurt Seifried
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    Source URL: https://www.europol.europa.eu/media-press/newsroom/news/law-enforcement-takes-down-two-largest-cybercrime-forums-in-world Source: News Title: Law enforcement takes down two largest cybercrime forums in the world Feedly Summary: The two platforms, Cracked and Nulled, had more than 10 million users in total. Both of these underground economy forums offered a quick entry point into the cybercrime scene. These sites worked as one-stop shops and…