Visa is buying BioCatch for $2.4 billion because AI scams now cost the global economy $1 trillion a year
Visa is acquiring BioCatch for $2.4 billion to strengthen fraud detection capabilities. BioCatch's platform analyzes keystroke timing, touchscreen pressure, and swipe patterns to identify scammers, currently protecting 760 million users across approximately 350 banks.
Read full story →A DeepMind exec finally said what the trillion-dollar AI spend is for: machines that improve themselves.
Machines capable of recursive self-improvement represent the target of trillion-dollar AI spending, according to DeepMind's chief strategy officer. Jasjeet Sekhon made this argument at a UC Berkeley summit, framing the investment as a bet on systems that can enhance their own capabilities.
The danger isn’t the AI model. It’s the agent acting on its own, and Zenity raised $125m to watch it.
AI agents operating independently pose greater risks than the models themselves, prompting Zenity to raise $125 million to monitor agent actions. The Israeli startup focuses on securing what autonomous agents do once deployed within company systems.
A startup that lets AI hack your own network just tripled to $2bn, days after AI models hacked networks for real.
Horizon3 raised $250 million in Series E funding, tripling its valuation to over $2 billion from $650 million a year prior. The company develops AI that penetration tests networks by simulating attacks to identify security vulnerabilities.