Month: February 2020
Unions are pushing the FTC to investigate Amazon for anti-competitive practices
A coalition of some of the largest labor unions in the US have formally petitioned the Federal Trade Commission to investigate Amazon for anticompetitive practices. The petition, filed Thursday, is a 28-page document with nearly 150 footnotes, and it asks the FTC to conduct a study exploring Amazon’s effects on…
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Senate passes ‘rip and replace’ bill to remove old Huawei and ZTE equipment from networks
The U.S. Senate today voted unanimously to pass the Secure and Trusted Telecommunications Networks Act. Written as a response to recent concerns around Chinese hardware manufacturers, the bill would ban purchase of telecom equipment from embattled Chinese manufactures like Huawei and ZTE. H.R. 4998, which passed the House last December,…
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DocuSign acquires Seal Software for $188M to enhance its AI chops
Contract management service DocuSign today announced that it is acquiring Seal Software for $188 million in cash. The acquisition is expected to close later this year. DocuSign, it’s worth noting, previously invested $15 million in Seal Software in 2019. Seal Software was founded in 2010, and, while it may not…
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Stem is offering cash advances to help musicians stay independent
Stem, a startup that helps independent musicians get paid, is expanding with a new financing program called Scale. Co-founder and CEO Milana Rabkin Lewis described the company’s core offering as a way for collaborators to “memorialize the split” of the proceeds from a song — once they’ve uploaded a track,…
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Clearview AI’s client list includes 2,200 organizations spanning law enforcement to universities
US Immigration and Customs Enforcement, the Department of Justice, the FBI, Macy’s, and Best Buy are among the thousands of government agencies and private companies using the software of facial recognition company Clearview AI, according to a leaked client list obtained exclusively by BuzzFeed News. The controversial company’s database, which…
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Raccoon malware affects all browsers
Despite its expensive price and subscription-based business model, the Raccoon malware has grown increasingly popular among cybercriminals due to its ability to target at least 60 applications including most popular browsers. The Raccoon infostealer, also known as Racealer, has gained a following on underground hacking forums as a result of…
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