OpenAI revenue guidance gap triggers AI sector sell-off
Artificial intelligence leader OpenAI has indicated to investors that its annualized revenue run rate is hovering near $50 billion, approximately $20 billion below informal estimates previously circulating across financial markets. The disclosure sparked a sharp sell-off across semiconductor manufacturers and cloud infrastructure providers, reigniting debate surrounding commercial monetization models and capital expenditure requirements across the generative AI sector. While
ASOS confirms customer data breach following targeted social engineering attack
Global online fashion retailer ASOS has confirmed a cybersecurity incident that exposed customer personal data after threat actors compromised an employee account through a targeted social engineering scheme. The breach came to light after attackers hijacked official communication channels to push rogue mobile app notifications directly to users, directing them to an external Telegram channel. Editorial credit: FotoField / Shutterstock While ASOS confirmed that sensitive fina
ElevenLabs valuation doubles to $22 billion as enterprise demand for AI voice agents soars
AI voice company ElevenLabs has doubled its valuation to $22 billion after completing a $300 million employee tender offer, marking a sharp increase from the $11 billion valuation it reached in its February funding round. The tender was led by investment firms Wellington and T. Rowe Price, with participation from existing backers including Andreessen Horowitz and Lightspeed, as well as new investors such as EQT and Goldman Sachs. Unlike a traditional funding round, the transa
Deepfake audio and spoofed messages trick Italian private bank into wiring €95 million overseas
An elaborate social engineering scheme utilizing artificial intelligence voice cloning and spoofed mobile messaging has defrauded Fideuram - the private banking arm of Italy’s largest financial institution, Intesa Sanpaolo - out of approximately €95 million ($103 million). The attack represents one of the largest synthetic media financial heists recorded to date, illustrating the expanding vulnerability of corporate payment authorization processes to AI-driven impersonation.
Auvik and Acronis partner to embed native network management into Acronis RMM
Network management specialist Auvik and cyber protection provider Acronis have announced a strategic OEM partnership to embed Auvik’s automated network monitoring and management technology directly into Acronis RMM. The native integration aims to reduce tool sprawl for managed service providers (MSPs) and internal IT teams by bringing endpoints, servers, and complex network infrastructure into a unified administrative console. The combined offering, unveiled ahead of MSP Glob
