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Tag: deal

Instructure settles with hackers following massive student data theft

Educational tech firm Instructure reached a deal with hackers after a major Canvas breach exposed data stolen from schools and universities. Educational tech firm Instructure says it reached an agreement with the cybercrime group behind a major Canvas data theft, after attackers broke into its systems and threatened to publish stolen information from schools and…

Palantir Will No Longer Profit Off of New Yorkers’ Health Data

A controversial multimillion-dollar deal between New York City’s public hospital system and military contractor Palantir, first reported by The Intercept, is coming to an end, according to recent testimony before the city council. Related Palantir Gets Millions of Dollars From New York City’s Public Hospitals The Intercept reported in February that the New York City…

Lack of regulatory action on hyperscaler dominance prompts inquiry chair to quit

Delays in regulatory action to deal with imbalances in the market for cloud services has prompted the resignation of the chair of an inquiry into the market. Companies deploying cloud services are being hampered by the dominance of Microsoft Azure and Amazon Web Services, a situation exacerbated by the glacial pace in which the UK’s…

OpenAI says its US defense deal is safer than Anthropic’s, but is it?

OpenAI has struck a deal to supply the US government with AI services, announcing it hours after US President Donald Trump’s decision on Friday to ban its AI rival Anthropic from all US government contracts. Sam Altman, CEO of OpenAI, said of the negotiation, “It was definitely rushed, and the optics don’t look good,” in…

Palo Alto Networks’ Koi acquisition is all about keeping AI agents in check

Palo Alto Networks announced Tuesday its plans to buy security startup Koi, a deal aimed at addressing the security risks emerging as organizations rapidly adopt agentic AI. Terms were not disclosed, but Israeli business outlet Globes reported that Palo Alto will pay approximately $400 million. The deal is another among a trend of larger cybersecurity…