US cargo tech company publicly exposed its shipping systems and customer data to the web

For the past year, security researchers have been urging the global shipping industry to shore up their cyber defenses after a spate of cargo thefts were linked to hackers. The researchers say they have seen elaborate hacks targeting logistics companies to hijack and redirect large amounts of their customers’ products into the hands of criminals,…

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Converge Bio raises $25M, backed by Bessemer and execs from Meta, OpenAI, Wiz

Artificial intelligence is moving quickly into drug discovery as pharmaceutical and biotech companies look for ways to cut years off R&D timelines and increase the chances of success amid rising costs. More than 200 startups are now competing to weave AI directly into research workflows, attracting growing interest from investors. Converge Bio is the latest…

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Paramount files lawsuit against Warner Bros. amidst controversial Netflix merger

As two major streaming platforms — Warner Bros. and Netflix — prepare for a merger, concerns continue to be voiced about the implications of the deal, which represents more consolidation in the media business. On Monday, Paramount CEO David Ellison announced that the company has filed a lawsuit against Warner Bros. Discovery (WBD) in Delaware,…

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Anthropic adds Allianz to growing list of enterprise wins

AI research lab Anthropic continues to land sizable enterprise deals. Its latest entails bringing its large language models to a legacy German insurance giant. Anthropic on Friday announced a deal with Munich, Germany-based global insurance conglomerate Allianz to bring “responsible AI” to the insurance industry. The parties declined to share financial terms of the deal….

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OpenAI to acquire the team behind executive coaching AI tool Convogo

OpenAI is kicking off the new year with yet another acqui-hire. The AI giant is acquiring the team behind Convogo, a business software platform that helps executive coaches, consultants, talent leaders, and HR teams automate and improve leadership assessments and feedback reporting.  An OpenAI spokesperson said the company is not acquiring Convogo’s IP or technology,…

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