CrowdStrike is facing a class action lawsuit filed by its shareholders after a faulty software update caused over eight million computers to crash worldwide. The lawsuit alleges that the cybersecurity firm made "false and misleading" statements about its software testing, resulting in a 32% drop in the company's share price and a loss of $25…
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Authorities in the US have charged Abraham Shafi, the founder of the now-defunct social media platform IRL, with fraud amounting to $170 million. The Securities and Exchange Commission (SEC) alleges that Shafi misled investors about the company's growth by making false claims. Background on IRL IRL, which aimed to encourage real-life meetups among its users,…
Dozens of employees at ByteDance's Singapore office, TikTok's parent company, were hospitalized following a food poisoning incident. Health and food safety officials are investigating the outbreak, which caused gastroenteritis symptoms in 60 staff members on Tuesday, with 57 requiring hospital treatment. ByteDance has also stated it is investigating the cause, noting that food is provided…
Microsoft has apologised after a significant global outage impacted several of its services, including Outlook and Minecraft. According to Downdetector, thousands of users worldwide reported issues, with many unable to access their emails or play their favorite game. This incident follows a major IT outage less than two weeks ago caused by a flawed software…
OpenAI is enhancing its AI bot, ChatGPT, by integrating a real-time search feature, challenging Google's dominance as a search engine. This new tool, currently available to a limited number of US users, will allow ChatGPT to provide up-to-date information and links in response to user queries. This feature could potentially revolutionize the way we search…
Microsoft is being scrutinized by the UK's Competition and Markets Authority (CMA) over whether its hiring of key employees from AI start-up Inflection AI effectively constitutes a merger. Key staff, including co-founder Mustafa Suleyman and chief scientist Karén Simonyan, left Inflection AI in March to join Microsoft's new AI division. The CMA's investigation will determine…
To gauge interest in the Vision Pro, Apple's new high-tech VR headset launched in the UK and Europe, I visited a central London Apple Store. Unlike past product launches, only a tiny group awaited its release, suggesting the VR headset market remains niche. Apple, a brand known for its innovation and quality, aims to make…
EdTech startups, bolstered by venture funding, are revolutionizing education in Africa by leveraging digital platforms to make learning more accessible. This innovation is crucial as the African job market evolves. At the Mastercard Foundation EdTech Conference in Abuja, the central discussion was preparing students for future jobs, emphasizing the importance of aligning education with industry…