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How OpenAI Lost, Google Hedged and Cognition AI Bought AI Coding Start-Up WindsurfAs with any story about AI start-ups, the acquisition of Windsurf AI happened at lightning speed. In just a couple of weeks, major Silicon Valley players took a close look at the four-year-old AI-assisted coding vendor, and ultimately Google and Cognition AI ended up with parts of the company.

Bank Info Security 1 year, 2 months ago

ISMG Editors: RSAC Conference 2025 Wrap-Up

Panelists Discuss Deepfake, Trust Frameworks, AI Skepticism, Venture Capital WoesFrom RSAC Conference 2025 in San Francisco, ISMG editors wrapped up coverage discussing the impact of U.S. government funding cutbacks, growing deepfake threats, trust challenges in AI adoption and venture capital pressures affecting the cybersecurity vendor market.

Also: Zero-Days Affect Financial Markets, SailPoint IPO Signals Market TrendsIn this week's update, ISMG editors discussed the latest "Modern Bank Heists" report and the evolving threats to financial institutions, fallout from the U.S. Department of Government Efficiency's AI-driven government shake-up, and what SailPoint's IPO signals for the cybersecurity vendor market.

The United States Treasury Department said it suffered a "major cybersecurity incident" that allowed suspected Chinese threat actors to remotely access some computers and unclassified documents.  "On December 8, 2024, Treasury was notified by a third-party software service provider, BeyondTrust, that a threat actor had gained access to a key used by the vendor to secure a cloud-based

Bank Info Security 1 year, 7 months ago

Regulator Accuses AI Video Firm of Deceptive Marketing

IntelliVision Settles With Federal Trade Commission Over Facial Recognition ClaimsFacial recognition software maker IntelliVision has reached a settlement with the U.S. Federal Trade Commission after the regulator accused the AI-powered software vendor of deceptive marketing claims, including that its tools have "zero gender or racial bias" and market-leading levels of accuracy.