AI-powered fintech Alaan raises $48M, one of the largest Series A rounds in MENA

When Parthi Duraisamy was a consultant at McKinsey’s Dubai office, he discovered that the American Express cards his company relied on for corporate expenses were rarely accepted in the Middle East. This forced Duraisamy to cover significant travel expenses out of pocket and file endless expense reports. “It was a constant pain,” Duraisamy explained on…

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Secret Service Seizes $400M in Crypto, Builds One of World’s Largest Wallets

The US Secret Service has quietly seized nearly $400 million in digital assets over the past decade, amassing one of the world’s largest crypto cold wallets, Bloomberg reported Saturday, citing people familiar with the matter. The agency’s Global Investigative Operations Center (GIOC) has tracked funds through open-source tools, blockchain analysis, and patience, Jamie Lam, an…

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Clearview AI hit with its largest GDPR fine yet as Dutch regulator considers holding execs personally liable

Clearview AI, the controversial U.S.-based, facial recognition startup that built a searchable database of 30 million images populated by scraping the internet for people’s selfies without their consent, has been hit with its largest privacy fine yet in Europe. The Netherlands’ data protection authority, Autoriteit Persoonsgegevens (AP), said on Tuesday that it has imposed a…

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