Top tech news stories today: March 26, 2024  

No need to search through various websites for your daily tech roundup. We have it right here all in one place.

1. FTX estate selling majority stake in AI startup Anthropic for US$884 million, with bulk going to UAE

Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for US$884 million, according to a filing submitted late Friday to a Delaware court. (CNBC)

2. Binance exec escapes Nigerian custody

A Binance executive detained by Nigerian authorities last month has escaped, according to local media reports. Meanwhile, the West African country has charged the cryptocurrency exchange with a host of tax evasion charges. (Finextra) 

3. US fintech Coast secures US$92m in mix of equity and debt capital to fuel product development

US-based fintech Coast, which offers financial tools for fleet-operating businesses to pay for and manage their fuel and transportation spending, has secured US$92 million in a mix of equity and debt capital. (Fintech Futures)

4. Maju Kuruvilla is out as CEO of one-click checkout company Bolt

As mentioned by Grooms’ LinkedIn profile, Maju Kuruvilla is no longer CEO of one-click checkout company Bolt. He is replaced by Justin Grooms, Bolt’s global head of sales, who is now interim CEO. (Tech Crunch)

5. Startup raises £80M to simplify access to AI cloud services

Former Google DeepMind scientists have launched Foundry, a new cloud platform aimed at making compute accessible for AI training, securing US$80 million in seed and series A funding. (AI Business)

6. Mobile networking giant Ericsson to lay off 1,200 workers in Sweden

Facing a “challenging” mobile networks market this year, Swedish telecommunications giant Ericsson announced Monday it is laying off approximately 1,200 employees in its home country. (UPI)

7. Navigating the next frontier of Wi-Fi 7 performance

As we move closer to fully realising the potential of Wi-Fi 7, it becomes evident that the RF, signalling, and throughput tests are not merely procedural checkpoints but the pillars of excellence in wireless communication. (Network Computing)

8. Cisco taps former Microsoft, Broadcom exec to grow networking hardware portfolio

Cisco announced today that it has hired industry veteran Martin Lund to manage the General Hardware Group. Lund, a former executive at Microsoft and Broadcom, will become Cisco’s executive vice president, reporting directly to CEO Chuck Robbins. (NETWORKWORLD)

9. Large language models can help home robots recover from errors without human help

New MIT study of large-scale language models (LLM) could help home robots recover from mistakes without human help. (Network Computing)

10. Nvidia debuts AI-powered weather forecasting digital twin

Nvidia has launched a digital twin platform to simulate weather and climate conditions, in a bid to monitor and mitigate extreme weather changes as a result of rising global temperatures. The platform, Earth-2, was announced at Nvidia’s GTC AI conference last week. (AI Business)

11. Mobile networking giant Ericsson to lay off 1,200 workers in Sweden

Facing a “challenging” mobile networks market this year, Swedish telecommunications giant Ericsson announced Monday it is laying off approximately 1,200 employees in its home country. (UPI)

12. Google’s AI-powered search results are loaded with spammy, scammy garbage

Google’s new AI-generated search results feature is suffering from the same problem that its regular results have had of late: Spammy, if not outright malicious links are rising to the top of the SERP stack. (The Register)

13. A UPenn student started a YouTube channel, in weeks, her face was stolen on China’s social media.

Olga Loiek, a college student with a YouTube channel, says she’s being used for deepfakes in China. She’s not the only one. Multiple caucasian women feature in pro-Russia deepfakes on China’s internet. Experts say it’s far easier for deepfakes of Western women to go unnoticed on China’s isolated web. (Business Insider)

Jennifer-Yu

Jennifer Yu

Jennifer Yu is an intern reporter at BTW Media covering artificial intelligence and internet governance. She graduated from The University of Hong Kong with a Master’s degree in Journalism. Send tips to j.yu@btw.media.

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