SumUp’s valuation falls as low as $4.1B, as Groupon and others sell off their stakes
Adyen lost $13 billion in market cap last month when investors scrambled to sell shares after the payments company missed quarterly revenue targets. But it’s not the only one facing the music in fintech. Shares in SumUp, a privately-held European payment technology business that focuses on point-of-sale transactions, are currently
Read MoreCash-strapped EV maker Arrival lays off yet more workers
Arrival just warned investors that it’s slashing its workforce yet again. The electric van maker said on Tuesday that it “took actions” on October 5 to “further reduce” costs. Those actions include letting go of “up to approximately 25%” of its workers, the company stated in a letter to investors.
Read MoreWhen CAP Is Not Enough: Understanding PACELC in Distributed Databases
Images by authorIntroductionWhile pondering which database I wanted to use, I had a good conversation with a few friends about designing a chat system. There were various options like MySQL, MongoDB, Postgres, and Cassandra. During the discussion, one thing led to another, and we started discussing the CAP theorem.After the discussion, we
Read MoreHackers advertised 23andMe stolen data two months ago
Genetic testing company 23andMe has been investigating a security incident after hackers advertised a trove of alleged stolen user data on a hacking forum last week. But the alleged stolen data may have been circulating for much longer than first known. TechCrunch has also found that some of the advertised
Read MoreExploring the biggest recruitment challenges in technical hiring
Who is this guide for It’s a complicated time to be hiring software engineers. Even with today’s uncertain economic climate, companies are recruiting aggressively for specialized and senior-level technical roles. In fact, the Bureau of Labor Statistics expects the number of software engineering jobs to increase by 25% between 2021
Read MoreThe Adapter Pattern’s Sneaky Role in My Projects
Image by authorHave you ever found yourself solving a problem in a certain way without realizing there’s a well-established design pattern that perfectly fits the bill? That’s precisely what happened to me. I was knee-deep in my code, trying to communicate my business logic seamlessly with the database and other external
Read MoreFederal judge throws out $32.5 million win for Sonos against Google
A California judge has thrown out a $32.5 million verdict win for Sonos against Google after two of Sonos’ patents were deemed unenforceable and invalid. As a result, Google has started to re-introduce software features it had removed due to Sonos’ lawsuit. In a decision dated October 6, U.S. District
Read MoreEU asks Elon Musk to prove X isn’t breaking Europe’s disinformation rules
Image: Kristen Radtke / The Verge; Getty Images EU commissioner Thierry Breton warned Elon Musk in a letter today that X, formerly Twitter, “is being used to disseminate illegal content and disinformation in the EU” after Hamas attacks in Israel. Breton also reminded Musk that the Digital Services Act (DSA),
Read MoreCoffee Briefing Oct. 10 – AI chatbot ChatGPT reshapes workplace norms amidst trust challenges: report; Meeranda’s human-like AI joins Amazon’s AWS build accelerator; iClassifier unveils AI breakthrough in dairy farming; and more
Coffee Briefings are timely deliveries of the latest ITWC headlines, interviews, and podcasts. Today’s Coffee Briefing is delivered by IT World Canada’s editorial team! Missed last week’s Coffee Briefing? We’ve got you covered. AI chatbot ChatGPT reshapes workplace norms amidst trust challenges: report Artificial intelligence (AI) chatbot ChatGPT has experienced
Read MoreArctic Wolf acquires cybersecurity automation platform Revelstoke
Arctic Wolf, a cybersecurity company that’s raised hundreds of millions of dollars in debt and equity, today announced that it plans to acquire Revelstoke, a company developing a security orchestration, automation and response (SOAR) platform, for an undisclosed amount. In a blog post, Arctic Wolf chief product officer Dan Schiappa
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