London-based AI cloud platform Nscale has closed a $3.36 billion pre-IPO convertible loan note financing, providing a major capital infusion just days after submitting its public filing for a New York Stock Exchange listing. The oversubscribed debt round was led by activist hedge fund Third Point and attracted an elite syndicate of institutional investors, including funds managed by Apollo, Citadel, Hudson Bay Capital, Abu Dhabi Investment Council, and 8090 Industries. Image:

Cryptocurrency exchange Bitget has confirmed a major security breach resulting in the theft of approximately $351.6 million from its hot and warm wallet infrastructure. The attack, detected on September 24, 2026, forced the platform to temporarily freeze user withdrawals while security teams isolated the compromise. During an emergency broadcast on social media platform X, Bitget Chief Executive Officer Gracy Chen revealed that preliminary forensic evidence points to North Ko

Ireland’s Data Protection Commission (DPC) has imposed a €403 million ($463 million) administrative fine on Google following a multi-year inquiry into how the search giant processed and retained user location data. The decision, issued by the EU’s lead privacy regulator for Google, concludes that the tech company breached multiple fundamental requirements under the General Data Protection Regulation (GDPR) regarding transparency, fairness, and lawfulness of data processing. E

Managed service provider (MSP) workflow platform MSP Process has acquired UK-based automation startup Triggr and its related security-awareness asset, Phishr. The deal integrates Triggr’s autonomous service desk capabilities into MSP Process’s identity verification, communication, and client interaction ecosystem. The acquisition reflects a growing movement among channel software vendors to consolidate disparate MSP tools and help IT providers offload routine level-one servic

Microsoft has announced a massive overhaul of its signature AI assistant, transforming Copilot from a conversational desktop sidekick into an enterprise "business operating system" designed to run cross-functional workflows and manage autonomous AI agents. Editorial credit: gguy / Shutterstock Unveiled by CEO Satya Nadella, the redesigned application consolidates Office software, software development tools, and long-running digital teammates into a single unified workspace, p