VCs say tech investing is ‘tough’ amid IPO lull and ‘nuts’ AI hype

Edith Yeung, general partner at Race Capital, and Larry Aschebrook, founder and managing partner of G Squared, speak during a CNBC-moderated panel at Web Summit 2024 in Lisbon, Portugal. Rita Franca | Nurphoto | Getty Images LISBON, Portugal — It’s a tough time for the venture capital industry right now as a dearth of blockbuster…

Zopa sees profit doubling as it eyes 2025 current account launch

Jaidev Janardana, CEO of U.K. digital bank Zopa. Zopa LISBON, Portugal — British online lender Zopa is on track to double profits and increase annual revenue by more than a third this year amid bumper demand for its banking services, the company’s CEO told CNBC. Zopa posted revenues of £222 million ($281.7 million) in 2023 and…

Amazon launches Temu and Shein rival with ‘crazy low’ prices

Amazon has launched a new outlet called Haul which caps the price of products on sale at $20 (£15.79), in an effort to take on low-cost retailers Temu and Shein. The online shopping giant unveiled Haul as a mobile-only experience available in its Shopping app for US customers on Wednesday. It says shoppers can expect…

Stunning details of iconic shipwreck Endurance revealed in never-before-seen footage

Legendary Antarctic explorer Ernest Shackleton’s ship Endurance sank more than a century ago and its wreck lay undiscovered at the bottom of the Weddell Sea until March 2022. Now, the team behind its discovery has joined forces with an Oscar-winning film crew for a new National Geographic documentary showcasing how they located the storied vessel’s…

Can you spot the AI impostor? The swift rise of AI celebrity endorsements

Two months before Election Day, a photo of singer Elton John in a pink coat with the letters “MAGA” on it surfaced on social media, suggesting the global superstar had endorsed former President Donald Trump. But the photo wasn’t real. It’s the latest in a series of images and videos created using artificial intelligence that…

2 Sudanese brothers charged with running cyberattack-for-hire gang

A federal grand jury unsealed an indictment against two Sudanese brothers Wednesday, charging them with running “Anonymous Sudan,” one of the most prolific cyberattack-for-hire gangs of all time and allegedly behind tens of thousands of attacks.  Federal prosecutors accused Ahmed Salah Yousif Omer, 22, and Alaa Salah Yusuuf Omer, 27, of carrying out 35,000 denial-of-service…

How culture and social media are shaping the 2024 presidential race

How culture and social media are shaping the 2024 presidential race – CBS News Watch CBS News Dr. Marcus Collins, author of “For the Culture,” joins “CBS Mornings Plus” to discuss the influence of social media on voter decision-making. With 19 days left in the race, a CBS News poll reveals more than 20% of…

Inside growing drone threat the U.S. faces with multiple breaches of restricted airspace

Inside growing drone threat the U.S. faces with multiple breaches of restricted airspace – CBS News Watch CBS News Gordon Lubold from The Wall Street Journal joins “CBS Mornings Plus” to discuss the rise in drone activity over restricted U.S. military airspaces. Be the first to know Get browser notifications for breaking news, live events,…

Chipotle turns to AI hiring platform to screen job applicants

Chipotle Mexican Grill job applicants better get used to conversing with AI — their first interview could be with an artificial intellgence-powered system named “Ava Cado” rather than a human hiring manager.  The fast-casual Mexican restaurant chain said Tuesday that it is partnering with Paradox, a maker of what the technology company calls “conversational” AI,…

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