Apple could lose the world’s most valuable company title

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Apple could lose the world’s most valuable company title
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Businesses in the rapidly evolving technology sector are always coming up with new ideas. Whether if it is pushing the envelope of what’s feasible. Apple has long been regarded as the “World’s Most Valuable Company,” thanks to its inventive goods and devoted clientele. But with generative AI becoming more and more popular, there are rumors that Apple’s supremacy may be in danger. Meanwhile, Analysts have expressed worries about how well Apple’s generative AI services are doing. In addition, how this would affect the company’s status in the market.

The rise of generative AI

Artificial intelligence’s generative branch, which emphasizes invention and creativity, is gaining traction across a number of sectors. The generative AI has demonstrated enormous promise, capable of producing lifelike pictures and even music. Businesses leading the way in the development of this technology include OpenAI and Google. Both the tech giants have demonstrated its potential via a range of projects and activities.

How generative AI could impact Apple

There are worries that Apple’s stranglehold in the market may be threatened by the growing powers of generative artificial intelligence. Innovation and design have always been priorities for the computer behemoth, since they have helped it climb the corporate ladder. Still, Apple could struggle to hold onto its competitive advantage if generative AI keeps developing at its present rate.

Concerns over Apple’s generative AI services have lately been expressed by analysts, who have noted a drop in accuracy and performance. There can be serious repercussions for the business if these services don’t live up to expectations. It may damage Apple’s financial results and, eventually, its standing as the “World’s Most Valuable Company,” in addition to eroding consumer confidence and loyalty.

Will Apple’s position as the ‘World’s Most Valuable Company’ be threatened?

Everyone is wondering if Apple would ever regain its esteemed reputation in the event that Generative AI fails. Even while it is challenging to make certain predictions about the future, one thing is certain: the state of technology is always changing. Apple may lose its number one position to rivals that swiftly implement this cutting-edge technology if it is unable to take use of generative AI or if it lags behind in terms of innovation.

Now, the key question is whether Apple can turn things around and address the problems with its generative AI services. Apple cannot afford to lag behind its rivals who are always pushing the limits of innovation and technology. To guarantee that its generative AI services meet and beyond client expectations, the business will need to make investments in R&D as well as talent acquisition.

The risks are bigger than ever for businesses like Apple as customers grow increasingly dependent on AI-driven products. The company’s future success will depend on how well it can innovate and adapt to this quickly changing environment. Apple may be able to hang on to its title of “World’s Most Valuable Company” if it can step up to the plate and provide generative AI capabilities that genuinely wow clients.


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Facebook uses AI to recommend videos: Are Reels about to get even more addictive?

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Facebook uses AI to recommend videos: Are Reels about to get even more addictive?
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Artificial intelligence is grabbing headlines as big tech players battle for supremacy in the field. Google boasts its Gemini, while Samsung flaunts its Galaxy AI, recently debuted with the latest Galaxy S24. Apple is also in the mix, developing its own AI features. And let’s not forget Meta, which is keeping pace with the competition.

According to Engadget, Meta is shaking things up by infusing AI into Facebook’s video recommendations. Tom Alison, Head of Facebook, spilled the beans that the new video recommendation algorithm, powered by AI, is already in action on Reels – Meta’s answer to TikTok.


The plan is to roll this new AI-powered recommendation engine out across all sections of Facebook featuring videos — from the main Facebook feed to Groups. This is part of a broader “technology roadmap” set to unfold through 2026, revealed Alison during a tech conference at Morgan Stanley in San Francisco.


Making a splash in the TikTok arena has been a key focus for Meta, especially since the Chinese app, famed for its vertical video clips and a robust recommendation engine that seemingly knows what hooks users, skyrocketed in popularity in the US over the past few years. When Meta put the new AI-powered recommendation engine to the test with Reels, watch time shot up by approximately 8 to 10 percent, as shared by Alison.


Alison highlighted that the results showed them that this new model architecture is learning from the data much more efficiently than the previous generation and the company is on the “right track.”


Until now, Facebook had separate video recommendation engines for Reels, Groups, and the main Facebook feed. However, with the positive results observed in Reels, the company is now looking to apply the same AI-powered engine across all these products. Alison stated:


Instead of just powering Reels, we’re working on a project to power our entire video ecosystem with this single model, and then can we add our Feed recommendation product to also be served by this model. If we get this right, not only will the recommendations be kind of more engaging and more relevant, but we think the responsiveness of them can improve as well.

Meta’s push to incorporate AI into all its products gained momentum with the explosion of AI technology following the launch of OpenAI’s ChatGPT at the end of 2022. In a video earlier this year, Mark Zuckerberg disclosed that the company is shelling out billions to snatch up hundreds of thousands of high-priced NVIDIA GPUs, crucial for training and powering AI models.


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Tycoon and Storm-1575 Linked to Phishing Attacks on US Schools

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Tycoon and Storm-1575 Linked to Phishing Attacks on US Schools
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Tycoon and Storm-1575 groups are identified as key players, with Tycoon offering MFA bypass as a service and Storm-1575 targeting Microsoft 365 credentials.

Tycoon and Storm-1575 Linked to Phishing Attacks on US Schools

Public schools across the United States are facing a surge in sophisticated phishing campaigns, according to a new report by PIXM, a cybersecurity firm specializing in artificial intelligence solutions.

Threat actors launch targeted spear phishing attacks using stealthy attack patterns to target officials at large US school districts, bypassing MFA protections.

The report highlights a worrying trend: attackers are increasingly employing tactics to bypass Multi-Factor Authentication (MFA), a security measure previously thought to offer robust protection.

Since December 2023, a surge in MFA-based phishing campaigns targeting US teachers, staff, and administrators has been observed, using dadsec and Phishing-as-a-Service (PhaaS) platforms to compromise administrator email accounts and deliver ransomware, researchers noted.

Tycoon and Storm-1575

PIXM discovered phishing activity in November 2023 and linked it to Tycoon and Storm-1575 threat groups. These groups were singled out because of their common attack pattern. Both actors use social engineering techniques, spoofing emails to appear legitimate and using AiTM (Adversary-in-the-Middle) phishing to bypass MFA tokens and session cookies.

They also create customized login experiences and use dadsec and phisingkit PhaaS services to point at legitimate sites. Their infrastructure, including C2 servers, domain generation algorithms, legitimate hosting services, and SSL certificates, allows them to control large numbers of phishing websites and avoid detection.

For your information, The Tycoon Group’s PaaS, available on Telegram for just $120, boasts key features like bypassing Microsoft’s two-factor authentication. On the other hand, Microsoft identifies Storm-1575 as a threat actor engaging in phishing campaigns through the Dadsec platform. They employ numerous Domain Generated Algorithm domains to host credential harvesting pages, targeting global organizations to extract Microsoft 365 credentials.

Tycoon and Storm-1575 Linked to Phishing Attacks on US Schools
Tycoon group on Telegram (Screenshot: PIXM)

In the attacks, as detailed by PIXM in a blog post, targeted officials received phishing emails prompting them to update passwords. This led to encountering a Cloudflare Captcha and a spoofed Microsoft password page. If unthwarted, attackers would forward passwords to legitimate login pages, requesting two-factor authentication codes, and bypassing MFA protections.

Common targets include the Chief of Human Capital and multiple finance and payroll administrator accounts. Some attacks attempted to alter Windows registry keys, potentially infecting machines with malicious scripts. The attacks concealed their tracks using stealth tactics like hiding behind Cloudflare infrastructure and spinning up new domains.

The use of CAPTCHAs in phishing attacks can delay the delivery of the payload and provide a sense of legitimacy to end users. However, there is also a potential for malicious trojan activity, such as modifying Windows registry keys for the VBS file format and injecting a malicious file’script.vbs’. These attacks can be used for malware installation, ransomware, and data exfiltration. 

Tycoon and Storm-1575 Linked to Phishing Attacks on US Schools
Attack flow – (Screenshot: PIXM)

Schools, Most Targeted Industry

While schools are the most targeted industry by ransomware gangs, student data has also been a prominent prey of cybercrime, but the extensiveness of data loss noticed recently is unprecedented. It is estimated that over 900 schools were targeted in MOVEit-linked cyber attacks.

A data leak involving Raptor Technologies in January 202, reported by cybersecurity researcher Jeremiah Fowler, exposed around 4,024,001 sensitive records belonging to students, parents, and staff, raising concerns about student privacy and school safety.

Just one month later, in February 2024, Fowler discovered a non-password-protected database storing 210,020 records or 153.76 GB of data, containing sensitive information like full names, addresses, phone numbers, and tax records of students and parents, associated with the Online Voucher Application.

To protect against such phishing attacks, organizations should identify high-priority staff with sensitive access or regular communication patterns, invest in tailored awareness efforts, arm users with caution against links and websites prompting MFA tokens and CAPTCHAs, and implement proactive AI-driven protections at the browser and email layers.

  1. Data Leak Exposes 572 GB of Student, and Faculty Info
  2. 100s of schools at risk after Magecart attack on Wisepay
  3. Iranian APT group hits schools, universities in phishing attacks
  4. NIST Releases Cybersecurity Framework 2.0: Guide for All Firms
  5. Conti ransomware gang demanded $40m from US school district

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Brave Launched ‘Leo’ AI Assistant For Android Users

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Brave Launched ‘Leo’ AI Assistant For Android Users
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The privacy-focused browser Brave has now developed an exciting AI experience for Android users. As announced, Brave has launched ‘Leo’ as its very own AI assistant for Android browsers, hoping to enhance users’ experience.

Brave AI Assistant For Android Publicly Released

According to a recent post from Brave, its Android users can now experience improved browsing via the AI assistant ‘Leo’. As evident from the name, Leo will be the face of Brave’s artificial intelligence for Android users, facilitating them with their searches and browsing experience.

Explaining Leo’s functionalities, Brave provided a brief overview of how the new feature can assist users in various ways. As expected, Brave’s Leo not only simplifies searches by answering users’ queries but also exhibits content generation functionalities. This includes content translation, generating long-form content, creating audio/video transcripts and writing codes.

By launching this feature on Android, Brave aims at helping users perform their routine browser-related activities on the go. In addition, Brave ensures protecting Android users’ online privacy even when using Leo, hence providing them with a safer browsing experience on their phones. Besides, using Leo requires no registration or sign-ins. So, using this tool gets really convenient when users can start interacting with Leo right after opening their browsers.

Regarding the technical aspects, Brave explained that Leo is powered by several LLMs, including Mixtral 8x7B, Claude Instant, and Llama 2 13B. One of these LLMs – Mixtral 8x7B – is also the one that powers Leo on Brave browser for desktop, which the firm rolled out earlier this year.

While Leo on Brave for Android is available as a free-to-use feature, it also comes with a Premium subscription plan, offering better functionalities.

Before Brave, Microsoft Edge remained in the limelight for its Bing Chat AI assistant. Nonetheless, this isn’t the very first initiative from Brave regarding AI releases as, in 2023, the service also integrated AI to its search function, amidst similar moves from Microsoft and DuckDuckGo, followed by a desktop browser release of its Leo AI.

Let us know your thoughts in the comments.


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OnePlus 12 gets camera improvements with a new update

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OnePlus 12 gets camera improvements with a new update
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OnePlus is rolling out a new update to the OnePlus 12. It brings the February 2024 Android security patch, camera improvements, and a handful of other changes. The update is currently available in India. A global rollout may follow soon.

A new update brings camera improvements to the OnePlus 12

This is the second feature update for the OnePlus 12 since its global launch in late January. The first update came in early February and brought Hasselblad Master Mode for enhanced colors in photos, fingerprint improvements, connectivity improvements, and more. The Chinese version of the phone, which runs HydrogeOS instead of OxygenOS, also picked up a host of AI features last month.

While those AI features are yet to make it into the global version of the OnePlus 12, the company is now pushing another update with more camera improvements. According to the official release notes, the zoom buttons in the camera app now let you switch between more focal lengths. OnePlus has also enhanced the clarity of photos captured with 2x zoom in Portrait mode.

Additionally, the company has improved the color accuracy of selfies captured in warm-light environments. This update also improves the stability of NFC and network connections. OnePlus mentions system stability improvements as well.  While not included in the release notes, Android Authority confirms that the update adds the ability to unlock the device without turning the display on.

According to the publication, the OnePlus 12’s under-display fingerprint now works even if you have disabled AOD (Always-On Display). The fingerprint icon briefly appears on the screen when you move the device without turning the screen on. There may be more hidden changes that OnePlus didn’t list in the changelog. Don’t expect the latest security patch, though. You are only getting the February release.

OnePlus says this update is India-only

The latest update for the OnePlus 12 is currently rolling out in India with firmware version CPH2573_14.0.0.602(EX01). Interestingly, the company says the update is India-only. In Europe and North America, the phone is getting a different update with build numbers CPH2581_14.0.0.502(EX01) and CPH2583_14.0.0.502(EX01), respectively. More importantly, the latter markets aren’t getting the camera improvements and other changes.

The official changelog for these regions only mentions system stability improvements. It is unclear whether OnePlus will roll out another update later with the additional changes. Hopefully, it does sooner rather than later. Perhaps a bigger update may be on the cards with the aforementioned AI features that are available to OnePlus 12 users in China. We will let you know when we have more information.


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Scan on the go: Files by Google gets a built-in document scanner for Pixel phones

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Scan on the go: Files by Google gets a built-in document scanner for Pixel phones
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Any improvement geared towards enhancing the user experience is always a welcomed change, and it seems Pixel phone owners are in for a treat.


As per the intel from serial leaker Mishaal Rahman (via Android Authority), Google is introducing a document scanner to the Files by Google app. Notably, this feature appears to be part of a server-side update, eliminating the need for users to install a new version of the app to access it.
Upon launching the app, a fresh addition awaits – a “Scan” button at the bottom right corner. A simple tap on this button kickstarts the document-scanning process using the rear camera of your Pixel. Whether you prefer auto-capturing or manually defining the scan area, the choice is yours. Additionally, you can fine-tune your scans by cropping, rotating, cleaning, and even adding filters for that extra touch.Once the scanning process wraps up, your transformed documents will find a home as PDFs in the app’s new “Scanned” folder. It’s worth noting that a document scanner is also present in the Google Drive app, and the one integrated into Files By Google operates similarly by identifying and processing documents directly on the device.

It seems this feature is currently making its way to numerous Pixel device users. If you happen to own one, it’s worth checking to see if this handy addition has already landed on your device.

In a recent move, Google initiated the rollout of the March 2024 software update to Pixels, packed with bug fixes and enhancements. However, that’s not all on the plate, as the tech giant is also rolling out the March ’24 Pixel Feature Drop. This update brings improvements to Call Screen and social media. It also introduces new AI features, including Circle to Search, which has now made its way to the Pixel 7.


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PetSmart warns of Active Password Cracking Attacks

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PetSmart warns of Active Password Cracking Attacks
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PetSmart, Inc. is a renowned retail chain operating in the United States, Canada, and Puerto Rico.

It offers a comprehensive range of pet products and services such as pet supplies, grooming, training, and in-store adoptions.

PetSmart prides itself on being a trusted partner to pet parents and a dedicated advocate for pets’ well-being.

PetSmart has issued a warning regarding an uptick in password-guessing attempts on their website.

The pet retail giant reassures that there has been no breach of their systems, but the increased activity has prompted them to take precautionary measures.

Security Measures in Place

PetSmart’s vigilant security tools detected the unusual activity, which led to the company’s decision to deactivate the passwords of potentially affected accounts.

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Customers will need to reset their passwords the next time they attempt to log in to petsmart.com.

The company has provided straightforward instructions for password reset:

users can click the “forgot password” link on the login page or directly navigate to www.petsmart.com/account/ to initiate the process.

A Call for Stronger Password Hygiene

The PetSmart Data Security Team emphasizes the importance of robust password practices in the face of persistent threats from online fraudsters.

These malicious actors are known to obtain usernames and passwords and test them across various platforms, including those like PetSmart’s.

According to a recent tweet by Dark Web Informer, PetSmart has notified its customers about a security breach in its system via email.

To combat this, the retailer advises customers to create strong, unique passwords for their accounts and to update them several times a year.

The use of different passwords for separate important accounts is also strongly recommended.

Understanding the inconvenience this may cause to their patrons, PetSmart extends its customer service support for any questions or concerns arising from this issue.

Customers can reach out via email at [email protected].

Maintaining Vigilance

PetSmart’s prompt response to the detected password-cracking attempts is part of its ongoing commitment to customer data security.

The company’s efforts to communicate with its customers about the potential risks and the steps being taken to mitigate them reflect an industry-wide push towards greater transparency and proactive security measures in the digital age.

You can block malware, including Trojans, ransomware, spyware, rootkits, worms, and zero-day exploits, with Perimeter81 malware protection. All are incredibly harmful, can wreak havoc, and damage your network.

Stay updated on Cybersecurity news, Whitepapers, and Infographics. Follow us on LinkedIn & Twitter.


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Samsung cuts off updates for Galaxy Note 10 Lite, S10 Lite & more

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Samsung cuts off updates for Galaxy Note 10 Lite, S10 Lite & more
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Samsung has ended update support for four Galaxy devices. The Galaxy Note 10 Lite, Galaxy S10 Lite, Galaxy A71, and Galaxy A02 will not receive updates anymore. Not just feature updates but security updates either. If you are using any of these devices, it’s high time you switch to a newer model.

Galaxy Note 10 Lite and S10 Lite will no longer get updates

During the Galaxy S24 launch in January, Samsung announced that its flagship phones will receive seven Android OS updates and seven years of security updates. It is a massive jump from the previous policy of four Android updates and five years of security patches. Before that, the company promised a maximum update support for three to four years depending on the model.

The Galaxy Note 10 Lite, Galaxy S10 Lite, Galaxy A71, and Galaxy A02 were all covered under that policy (Samsung didn’t extend its updated policies to these devices). The former three models debuted in January or February 2020 and turned four earlier this year. The latter arrived in January 2021 and completed three years this January. The promised support period has elapsed.

Expectedly, Samsung has removed these devices from its official support website. They are no longer guaranteed an update. The company could still push one if there is a critical security flaw it must patch. It has done so for a few devices in the past. But the firm is no longer obliged to roll out new security patches to Galaxy Note 10 Lite, Galaxy S10 Lite, Galaxy A71, and Galaxy A02 every few months.

If you are rocking one of these Samsung phones, you should consider upgrading to something newer. The company has already discontinued the Note lineup, so you won’t find a successor to the Galaxy Note 10 Lite. The Galaxy S10 Lite also never got an outright successor, though the Fan Edition (FE) lineup falls in this category—the Galaxy S23 FE is the latest model in the lineup.

The Galaxy A71 5G and A02s are still supported

Samsung also released a 5G version of the Galaxy A71. It debuted in June 2020 and should receive updates until at least June 2024. The Galaxy A02s is also still supported, though that’s a little weird. It launched a few weeks before the Galaxy A02. Since it packs better specs, the company likely doesn’t consider the Galaxy A02s an entry-level product and plans to offer four years of support. In that case, it will get updates till January 2025.


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NSA Details Seven Pillars Of Zero Trust

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NSA Details Seven Pillars Of Zero Trust
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The National Security Agency (NSA) issued a Cybersecurity Information Sheet (CSI) that discusses limiting adversary lateral movement within an organization’s network to access sensitive data and vital systems.

This offers instructions on how to use Zero Trust principles to strengthen internal network control and restrict network intrusions to a segmented section of the network.

“This guidance is intended to arm network owners and operators with the processes they need to vigilantly resist, detect, and respond to threats that exploit weaknesses or gaps in their enterprise architecture”, NSA Cybersecurity Director Rob Joyce.

The NSA CSI defines zero trust (ZT) in Embracing a Zero Trust Security Model as a security strategy based on two key principles: acknowledgment of the ubiquity of cyber threats and removal of implicit confidence in favor of ongoing verification of all elements of the operating environment.

ZT implementation initiatives aim to improve cybersecurity defenses, responses, and operations gradually.

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Malware analysis can be fast and simple. Just let us show you the way to:

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  • Work in a team
  • Get detailed reports with maximum data
    • If you want to test all these features now with completely free access to the sandbox: ..

Seven Pillars Of Zero Trust

The seven pillars that comprise the Zero Trust framework are:

  • User
  • Device
  • Network & Environment
  • Data
  • Application & Workload
  • Automation & Orchestration
  • Visibility & Analytics
Seven pillars of Zero Trust

Using many essential features of each of the four networking and environment pillar capabilities, the ZT maturity model provides extensive network security such as Data flow mapping, Macro segmentation, Micro segmentation, and Software Defined Networking.

ZT architecture uses a secure network segmentation mechanism in addition to
securing network traffic with robust encryption and ongoing verification
of all users, devices, and data.

Defined procedures and security guidelines are essential for automation and orchestration, as are adaptable network features that allow for the dynamic isolation or modification of network segmentation as needed. 

Reports say sophisticated analytics keep an eye out for suspicious behavior on the network and in other events and activities.

All of these features support the ZT architecture and have the potential to significantly increase network security when used properly.

The network and environment pillar protects vital resources from unwanted access by defining network access, managing data flows, dividing workloads and apps, and utilizing end-to-end encryption.

This is achieved by combining software-defined networking (SDN) with appropriate macro- and micro-level network segmentation to provide centralized control and automation.

“Advancing Zero Trust Maturity throughout the User Pillar” is an extensive set of guidelines that the NSA released in April 2023 to help users in the zero-trust framework acquire certain levels of maturity.

Recommendation

The NSA strongly advises network owners and operators to enhance their network and environment by acquiring capabilities that correlate with the advanced maturity models outlined in this CSI.

“Network and environment security begins with an accurate inventory of all current data flows.

This ensures that access to these flows is properly protected, vetted, and appropriate”, the NSA said.

An organization should implement the following to improve its network and environment capabilities:

  • Map data flows based on usage patterns and operational business requirements.
  • Segment the network appropriately on both a macro and micro scale.
  • Employ SDN for automated tasking and centralized control.
  • Automate security policies to gain operational efficiency and agility.
  • Define access rules using risk-based approaches. These rules should contain precautions against allowing unauthorized or malicious traffic to flow across the perimeter, macro, and micro borders and onto network resources.

With Perimeter81 malware protection, you can block malware, including Trojans, ransomware, spyware, rootkits, worms, and zero-day exploits. All are incredibly harmful and can wreak havoc on your network.

Stay updated on Cybersecurity news, Whitepapers, and Infographics. Follow us on LinkedIn & Twitter.


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Zama Raises $73M in Series A Lead by Multicoin Capital and Protocol Labs to Commercialize Fully Homomorphic Encryption

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Zama Raises $73M in Series A Lead by Multicoin Capital and Protocol Labs to Commercialize Fully Homomorphic Encryption
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Paris, France, March 7th, 2024, Cyberwire

Company Open Sources FHE Libraries to Build Privacy-Preserving Blockchain and AI Applications for the First Time.

Investment secured to bring Fully Homomorphic Encryption (FHE) to the fore, giving developers the ability to address data privacy challenges across blockchain and AI use cases.

Zama, an open source cryptography company building state-of-the-art FHE solutions to protect privacy in blockchain and AI, today announced a $73M Series A round led by Multicoin Capital and Protocol Labs, with participation from Metaplanet, Blockchange Ventures, VSquared, and Stake Capital, as well as blockchain pioneers Juan Benet (founder of Filecoin), Anatoly Yakovenko (co-founder of Solana), and Gavin Wood (co-founder of Ethereum and co-creator of Polkadot). The funds will be used to hire talented engineers, software developers, and researchers in cryptography to maintain its open source libraries, and collaborate with strategic partners to develop a new class of Fully Homomorphic Encryption (FHE) applications. 

As demand for robust data protection grows internationally, businesses and organizations need a way to protect consumer data without compromising its utility. FHE provides a novel encryption technique that makes it possible to compute over encrypted data for the first time, revolutionizing what’s possible with data privacy for organizations, governments and consumers alike. Over the course of four years, Zama has built a suite of open source cryptographic libraries and solutions that make FHE readily available to developers to build privacy-preserving applications. 

“We envision a world where data privacy isn’t an afterthought, but rather guaranteed by design. With the support of our investors, our talented team, and over 3,000 developers in our community, we can make FHE and privacy synonymous and ubiquitous,” said Rand Hindi, CEO of Zama. “This funding gives us the resources to add to the best and brightest cryptography minds we already have on the team, while also continuing to advance the state of the art of what’s possible in data privacy. Our investors, Multicoin and Protocol Labs in particular, lend valuable experience as we bring FHE to market in the blockchain sector.”

Zama has been at the vanguard of FHE innovation since its inception in 2020. To date, the company has secured multi-million dollar deals in the blockchain and AI space, and has successfully released four cutting-edge FHE solutions. The company’s most recent solution, fhEVM, is the first confidential smart contract protocol for EVM blockchains. Using FHE, the fhEVM enables on-chain state and transaction data to remain end-to-end encrypted during processing, addressing the core data privacy challenge in blockchain. 

“FHE is the most important foundational cryptographic primitive for the next decade of computing. Zama’s technology is the key to build multiplayer, privacy-preserving applications,” said Kyle Samani, Managing Partner of Multicoin Capital. “Zama’s groundbreaking work on open source FHE tooling is only the beginning. We are proud to help them build the next generation of crypto-enabled, privacy-first applications.”

In addition to addressing data privacy challenges in the blockchain industry, Zama is also building bespoke solutions in the artificial intelligence, healthcare, financial services, and governmental security industries. 

“The potential for FHE in both blockchain confidentiality and AI privacy is massive,” says Pascal Paillier, CTO of Zama. “Being able to share our tools with people who are passionate about the same mission is an incredible privilege, something that has only been possible thanks to continuous support, resources and knowledge provided by our investors and community.”

Zama’s team is made up of over 75 individuals from 22 different nationalities, drawn from the fields of cryptography, machine learning, and blockchain technology. Half of the team hold PhDs in their respective fields and are passionate about ensuring data privacy. 

To learn more about Zama, please visit https://www.zama.ai/. 

-ENDS- 

About Zama https://www.zama.ai/

Zama is an open source cryptography company building state-of-the-art FHE solutions to protect privacy in blockchain and AI. Their technology enables a broad range of use cases, from confidential smart contracts to encrypted machine learning and privacy-preserving cloud applications. Zama was founded by Dr Pascal Paillier and Dr Rand Hindi, and has the largest research team in homomorphic encryption.To learn more about Zama, please visit https://www.zama.ai/. 

About Multicoin Capital 

Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies. Crypto networks and companies will create trillions of dollars of value over the next decade. But investing in tokens is fundamentally different than investing in companies. New tools, heuristics, and security measures are needed to responsibly invest in this ecosystem. We leverage our deep understanding of blockchain technology and crypto markets to deliver exceptional returns. For more information, visit: https://multicoin.capital.  

About Protocol Labs

Protocol Labs is an open-source research, development, and deployment laboratory. Our projects include IPFS, Filecoin, libp2p, and many more. We aim to make human existence orders of magnitude better through technology. We were founded in 2014 by Juan Benet as a fully distributed company. Our team of more than 100 members works remotely and in the open to improve the internet — humanity’s most important technology — as we explore new advances in computing and related fields. To learn more about Protocol Labs, please visit https://protocol.ai/. 

Contact

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Luminous PR
[email protected]
+44 7966 291216


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