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Experts Say White House Export Ban Risks Adoption Boost for China's AI AlternativesNew export controls on artificial intelligence startup Anthropic's Fable 5 and Mythos large language models, over their vulnerability-discovery capabilities, must be lifted, not least because Chinese models will soon offer equal capabilities, cybersecurity experts warned the Trump administration.

Bank Info Security 9 months, 3 weeks ago

Unico Purchases OwnID to Expand in Passkey Authentication

Passkeys to Strengthen Low-Friction Verification, Integrate With Facial RecognitionUnico has acquired San Francisco-based OwnID to enhance its identity offerings and grow its U.S. customer base. The passkey startup's low-friction login solution complements Unico's facial recognition tools and supports broader use cases with streamlined user experiences.

Startup Plans Unified Remediation for Misconfigurations and Patching, ComplianceRemedio has landed $65 million in funding to develop tools that go beyond detection and automate secure remediation. CEO Tal Kollender says the goal is faster growth, a bigger U.S. sales footprint, and delivering a platform that closes the gap between risk visibility and action.

Shanghai Firm Bets on Open-Source Strategy, Efficiency ClaimsShanghai artificial intelligence startup MiniMax released a new open-source large language model, positioning it as a direct competitor to American and other Chinese models. MiniMax says its model performs competitively on benchmark tests against leading proprietary and open models.

Bank Info Security 1 year, 7 months ago

AI Startup Execs Say It Should Be Easier to Tap UK Funding

'You Wonder, Should I Just Spend It on a Place to Stay in America For a Week'Revisions to U.K. government research funding guidelines and their complex application pose a challenge to early-stage tech companies, experts on Tuesday told a parliamentary committee inquiry. "We have definitely had issues," said Peadar Coyle, founder of AudioStack.

Bank Info Security 1 year, 7 months ago

AI Edtech Startup Founder Indicted in U.S. Fraud Case

Charges Against AllHere Founder Include Securities and Wire FraudU.S. law enforcement arrested and indicted the founder of an artificial intelligence edtech startup AllHere over fraud charges. Federal prosecutors accused 33-year-old Joanna Smith-Griffin of defrauding investors, charging her with securities fraud, wire fraud and aggravated identity theft.

Series C Funding to Fuel Generative AI Integration and AI-Powered Threat DetectionThe funding will enhance generative AI technologies that streamline security operations and provide autonomous threat investigation, alongside plans for broader U.S. and European market penetration.

Silver Lake Leads Series C Round for California-Based Data Security Startup OdasevaWith 65% of its revenue coming from the United States, data security startup Odaseva will use its $54 million Series C funding round to enhance R&D, expand its product line and strengthen its market presence in compliance, failover management and zero trust protection.