We bring you a selection of interesting news from around the world…
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Revolut seeks $65B valuation, a year after its $45B deal
Europe’s fintech darling Revolut is looking to raise a new funding round that would give it a $65 billion valuation, the Financial Times reports.
McDonald’s chatbot recruitment platform exposed 64 million job applications
Two vulnerabilities in an internal API allowed unauthorized access to contacts and chats, exposing the information of 64 million McDonald’s applicants.
How F1 makes money
Here’s a closer look at Formula One Group’s financial engine in FY24:
Samsung seems to have leaked its own trifold phone design
The device is speculated to be called the “Galaxy G Fold,” though Android Authority notes that it’s labeled as the “Multifold 7” in the One UI 8 animation files.
Inside Wikipedia’s AI revolt
“What’s fascinating about this particular stumble is that the AI didn’t actually get anything egregiously wrong.”
Cloudflare Introduces pay per crawl: enabling content owners to charge AI crawlers for access
Many publishers, content creators and website owners currently feel like they have a binary choice — either leave the front door wide open for AI to consume everything they create, or create their own walled garden. But what if there was another way?
Amazon Is on the cusp of using more robots than humans in Its warehouses
The e-commerce giant now counts more than one million of the machines at its facilities
Dinari granted first broker-dealer registration to offer tokenized stocks
Dinari, a startup that offers blockchain-based U.S. stocks, has secured a broker-dealer registration for its subsidiary, a move the company says makes it the first tokenized equity platform to secure such approval in the United States.
Inside Amazon’s biggest data centre, supersized for A.I.
On 1,200 acres of cornfield in Indiana, Amazon is building one of the largest computers ever for work with Anthropic, an artificial intelligence start-up.
Free returns are often a deal breaker for consumers
Most consumers expect free returns as a standard offering, according to a Rithum survey.
US Federal Reserve removes ‘reputational risk’ from bank examinations
The move could free up banks to serve digital asset firms and other crypto industry participants, who have decried “debanking” as a hindrance to crypto adoption in the U.S.
Be a skill surfer
Ride the waves of your curiosity to a more fulfilling career
Why Ukraine is one of the world’s most digital countries
According to the Deputy Minister of Digital Transformation, Ukraine is one of the leading countries when it comes to digital government services – in his opinion putting Ukraine ahead of Estonia, which is well known for its digital government.
Swiss National Bank cuts rates to zero, will not rule out going negative
The central bank now has the lowest borrowing costs among its peers, with markets giving a 53% probability of further cuts in September.
Branding: UPPERCASE feels competent, lowercase feels warm
Brands with UPPERCASE names seem up to 52% more competent, while those with lowercase letters seem up to 69% more friendly.
The immutable laws of security
The original immutable laws of security identified key technical truths that busted prevalent security myths of those times. In that spirit, Microsoft has published a new complementary set of laws focused on busting prevalent myths in today’s world of ubiquitous cybersecurity risk.
Experts question whether $499 gold Trump phone can be US-made
One industry analyst said it would be “virtually impossible” for the gold-coloured handset – which will retail at $499 (£367.50) – to be built in the United States.
HP reveals first Google Beam 3D video conferencing setup, priced at $25,000
Amid all the Gemini hype at Google I/O last month, the company also turned one of its experiments into a (kind of) real product. Project Starline was reborn as Google Beam, a 3D video conferencing system that makes it look like you’re in the same room with the other party.
SocGen becomes first major bank to launch dollar-pegged stablecoin
The new digital currency, named ‘USD CoinVertible’, will be issued on both the Ethereum and Solana blockchains, with public trading expected to start in July, SocGen’s crypto arm SG-FORGE said in a statement.
Singapore’s new crypto regulations explained
Why it’s so harsh, who’s affected, and will it trigger a mass exodus?
Xbox handheld console finally revealed after a decade of speculation
The ROG Xbox Ally will let gamers access their Game Pass subscription library on-the-go, in effect meaning members will start off with hundreds of games.
Fintech’s next chapter: Scaled winners and emerging disruptors
The global fintech industry is entering a new chapter – one defined by the coming of age of a class of scaled fintechs, the emergence of new technologies and business models (especially AI), and an intensified focus on profitable growth.
Digital bank Revolut rolls out ATMs in Spain
The first Revolut ATMs are set to be tested and available between at the Primavera Sound festival in Barcelona. In the upcoming period, the company intends to install 50 ATMs in Madrid and Barcelona.
North Face and Cartier customer data stolen in cyber attacks
Fashion brand The North Face and luxury jeweller Cartier have become the latest retailers to report having customer data stolen in cyber-attacks.
Gen Z willing to sell their personal data – for just $50 a month
A new app, Verb.AI, wants to pay the generation that’s most laissez-faire on digital privacy for their scrolling time.
Tiffany confirms data breach following Dior incident
Tiffany and Dior data breaches raise security questions for parent company LVMH.
Big banks explore venturing into crypto world together with joint stablecoin
The discussions involve payments companies co-owned by JPMorgan Chase, Citigroup and other large banks
The psychology of the picture superiority effect
When we see an image, our brain automatically (and usually subconsciously) slaps a label on it. That double encoding makes the memory stickier than maple syrup.
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