Blue Duck Capital Partners has written to Snap’s board urging it to sell about a fifth of its Specs subsidiary at a $5B valuation, raising $1B to fund roughly two years of spending without diluting Snap shareholders. It is the second fund to press Snap…
Bank of America cut BE Semiconductor Industries to neutral and nearly halved its price target, saying the share price does not reflect the threat of ASML entering hybrid bonding, the market Besi depends on for growth. Besi has also been approached by t…
BT Group has acquired TalkTalk’s consumer and wholesale businesses out of administration. They have 1.5 million retail customers and 1 million wholesale customers. BT announced the deal on Monday. It said a prolonged sale process for those operations h…
Unknown users have pulled names, addresses and ID numbers on about 8.8 million people from Denmark’s Central Person Register (CPR). They abused a small Danish company’s legal access to the register. Denmark’s digitalisation ministry announced the breac…
An Accenture contractor has been removed from FBI work following a breach that exposed the personal data of thousands of bureau staff. The FBI acted on Monday, Reuters reported, citing two people familiar with the matter. A senior FBI official told Reu…
Security teams at Google, JPMorgan Chase, Weaviate, France’s interministerial digital directorate (DINUM) and the city government of Tangerang in Indonesia have each fixed the same type of flaw in their Model Context Protocol (MCP) servers. Independent…
Nokia’s chief executive Justin Hotard says the industry would build data centres twice as fast if memory and energy supply allowed, and that demand would hold even without a new frontier model for three years. Bain and a paper presented at the Brooking…
Republican senator Bernie Moreno has accused Anthropic chief executive Dario Amodei of taking an “alarmist approach” to AI. He did so in a letter sent on Monday, ahead of Anthropic’s expected stock market listing. Axios first reported the letter. “I do…
A Fort Worth suburb has told a privacy group it would cost $2.3M to release records on how its police use Flock number plate cameras, a figure reached by estimating 14 years of labour at $15 an hour. Under the EU’s law enforcement directive the same in…
Meta, TikTok and X are challenging Ofcom in court over its data demands under the UK’s Online Safety Act, Reuters reported on Monday. The challenge is one of the first brought under the 2023 law. In February, Ofcom sent the companies information notice…