When Sequoia partner Shaun Maguire posted tweets condemned as Islamophobic, the venture capital giant stayed silent. The departure of its most senior Muslim executive reveals deeper industry tensions between performance and principle.
Capita has been fined £14 million for failing to protect personal data during a 2023 cyber attack, according to reports. The settlement with UK privacy regulators comes amid growing concerns about corporate cybersecurity preparedness as high-profile breaches increase across Britain.
British outsourcing giant Capita has been fined £14 million (approximately $18.7 million) for failing to protect personal data during a 2023 cyber attack, according to reports from the company’s recent settlement announcement. The penalty was imposed by the Information Commissioner’s Office (ICO), the United Kingdom‘s privacy watchdog, following an investigation into the significant cyberattack that compromised sensitive information on the company’s servers.
The Abu Dhabi-backed investment firm MGX is rapidly becoming a dominant force in global technology investing. Recent reports indicate the sovereign wealth fund-backed entity is participating in massive AI infrastructure deals while also supporting former President Donald Trump’s efforts to acquire TikTok.
An Abu Dhabi-backed investment firm is emerging as a major financier in the global artificial intelligence sector while simultaneously participating in efforts to bring TikTok under U.S. control, according to recent reports. MGX, launched in March 2024 with backing from Abu Dhabi’s sovereign wealth fund, has become a key capital source as tech giants race to build the computing infrastructure needed to meet exploding AI demand.
