Another star that burned brightlyduring the pandemic and dimmed just as quickly is virtual event software.
Driving the news: In the past two weeks, Hopin — once valued at $7.8 billion — sold its virtual event software to RingCentral for a mere $15 million (which could grow to $50 million if it meets certain targets).
A federal cybersecurity investigatory panel will probe cloud service providers' security practices and how the government can safely use cloud technologies, Homeland Security Secretary Alejandro Mayorkas announced Friday.
Why it matters: The Cyber Safety Review Board's investigation will include a review of last month's suspected Chinese breach of federal Microsoft email accounts.
Thousands of hackers are spending the weekend trying to break generative AI models like ChatGPT — all with the blessing of the White House and the tech companies behind these models.
Driving the news: The DEF CON hacking conference in Las Vegas is hosting a highly anticipated Generative Red Team Challenge throughout the weekend.
