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Menlo Ventures Raises $1.35 Billion for Fledgling AI Firms
Menlo Ventures Raises $1.35 Billion for Fledgling AI Firms
November 16, 2023  |  Investments

Menlo Ventures has raised $1.35 billion to invest in artificial intelligence (AI) ventures. The new capital will be split between early-stage fund Menlo XVI and early...

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FTC Seeks Ideas to Prevent Misuse of AI-Enabled Voice Cloning
FTC Seeks Ideas to Prevent Misuse of AI-Enabled Voice Cloning
November 16, 2023  |  Regulation

The Federal Trade Commission (FTC) has taken a proactive stance in protecting consumers from the potential dangers of artificial intelligence-enabled voice cloning technology. The FTC...

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CFPB: Medical Bills Account for 15% of Consumer Complaints
CFPB: Medical Bills Account for 15% of Consumer Complaints
November 16, 2023  |  CFPB

American consumers are routinely hounded over medical bills they don’t even owe. That’s according to a new report issued Thursday (Nov. 16) by the Consumer Financial Protection Bureau (CFPB),...

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Small Business-Focused Software Firms Warn of Dwindling Revenue
Small Business-Focused Software Firms Warn of Dwindling Revenue
November 16, 2023  |  SMBs

Small businesses are reportedly reducing their software spending, hurting the businesses that make that software. As CNBC reported Thursday (Nov. 16), companies such as HubSpot, Bill, Paycom and ZoomInfo have all recently...

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Report: Samsung Discloses Year-Long Data Breach in UK Store
Report: Samsung Discloses Year-Long Data Breach in UK Store
November 16, 2023  |  Security & Fraud

Samsung has reportedly disclosed a year-long breach of its systems, which resulted in unauthorized access to the personal data of customers who made purchases at...

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Plaid and YouLend Partnership Delivers 90% Approval Rate on Financing
Plaid and YouLend Partnership Delivers 90% Approval Rate on Financing
November 16, 2023  |  SMBs

A partnership of open banking network Plaid and embedded financing platform YouLend boosted the availability of capital to small- to medium-sized businesses (SMBs) in Europe....

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Alibaba Jettisons Cloud Spin-Off Amid Focus on AI
Alibaba Jettisons Cloud Spin-Off Amid Focus on AI
November 16, 2023  |  Earnings

Chinese tech giant Alibaba says it will not spin off its cloud intelligence business. The decision, announced Thursday (Nov. 16) along with the company’s quarterly earnings, is apparently...

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Prove Identity Teams With Elo to Fight Fraud in Brazil
Prove Identity Teams With Elo to Fight Fraud in Brazil
November 16, 2023  |  Security & Fraud

Prove Identity says Brazilian payment tech company Elo will use its technology to battle fraud. The partnership, announced Thursday, will let Elo leverage Prove’s identity verification solutions to improve...

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Monetary Authority of Singapore Unveils Plans for Digital Money 
Monetary Authority of Singapore Unveils Plans for Digital Money 
November 16, 2023  |  CBDC

The Monetary Authority of Singapore (MAS) has unveiled a series of initiatives aimed at ensuring the secure and innovative utilization of digital money in the country.  These...

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