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Logically Expands Its AI Operations with the Acquisition of Insikt AI

Logically Expands Its AI Operations with the Acquisition of Insikt AI

Leave a Comment / Artificial Intellegence, News, Tech News / By

The strategic acquisition of London-based Insikt AI by Logically The purchase of Barcelona-based AI startup Insikt AI has been announced by Logically, a pioneer in the application of AI to block harmful internet content. Through the integration of Insikt’s cutting-edge technology into its current platform, Logically hopes to improve its intelligence operations.

Increasing Capabilities Using Insikt AI

Logically Expands Its AI Operations with the Acquisition of Insikt AI

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Insikt AI was established in 2016 and focuses on creating machine learning models that are designed to identify and reduce hazardous content. Their Social Network Analysis (SNA) capabilities and domain-specific models have enabled governments and private businesses to assess intricate web networks and recognise new dangers. With the recent integration of Insikt’s technology into Logically Intelligence®, the company’s flagship platform, users will have access to state-of-the-art solutions for combating a wider variety of online threats, such as terrorism and extremism.

Integration of Leadership and Expertise

Jennifer Woodard and Guillem Garcia, the co-founders of Insikt, will join Logically as part of the acquisition. As VP of AI at Logically, Jennifer, a specialist in AI for counterterrorism, will lead the company with her wealth of knowledge in moral AI applications. In his new position as Head of Data Science, Guillem will leverage Deep Learning and Natural Language Processing (NLP) research to scale Logically’s data science capabilities.

Improving Detection of Internet Threats

The CEO of Logically, Lyric Jain, emphasised the importance of the acquisition by pointing out that Logically’s goal of preventing harmful online information is ideally aligned with Insikt’s creative use of AI and SNA. It is anticipated that the incorporation of Insikt’s skills will improve Logically’s capacity to identify and address attacks at an early stage, offering a strong defence against more cunning cybercriminals.

Also Read: London-Based Clearly Raises €3.9M to Target Net Zero in Supply Chains

A Novel Chapter in Intelligence Driven by AI

This acquisition demonstrates Logically’s dedication to furthering AI research while also enhancing its technological advantage. Logically is positioned to provide even more value to its clients by leveraging Insikt’s AI know-how, enabling them to manage the intricacies of the digital world while preserving free expression and halting the dissemination of damaging content.

London-Based Clearly Raises €3.9M to Target Net Zero in Supply Chains

London-Based Clearly Raises €3.9M to Target Net Zero in Supply Chains

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Clearly, a London-based platform for climate analytics has raised €3.9 million in initial money to advance its goal of accelerating net-zero ambitions throughout international supply chains. Pace Ventures and Nine Realms led the fundraising round. Notable angels including Margaux Primat and Lord Nash were among the existing investors, as well as Mobilion, Next Gear, and M1720. With this additional funding, Clearly will be able to expand its business and improve its product line to satisfy the rising demand on a worldwide scale.

Increasing AI Proficiency and Expanding Activities

London-Based Clearly Raises €3.9M to Target Net Zero in Supply Chains

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Expanding Clearly’s suite of in-house AI capabilities, which form the basis of its climate intelligence platform, will be made possible by this new funding. With these finances, the company intends to expand its workforce and improve its current offerings in order to better serve its expanding clientele. Clearly gives fleet owners, logistics managers, and other supply chain stakeholders useful insights to help them make decisions that increase financial and energy efficiency by utilising AI and real-time data integration.

Resolving a Serious Issue in the Transportation Sector

Since the transportation industry contributes around 25% of global emissions, decarbonization is an essential goal for reaching net-zero emissions. Clearly meets this difficulty head-on by providing a platform that combines information from multiple sources, such as asset management, operations, vehicle mobility, and energy usage. As a result, businesses are able to determine which decarbonization projects are most successful and secure funding for them, making sustainability a competitive advantage.

Market Effect and Upcoming Opportunities

Clearly was founded in 2021 by Danielle Walsh, a former director of HSBC, and has since become popular with business clients in the US, Europe, and Asia. The company’s technology, which works with significant players in consumer products, package delivery, and fleet management, has already recorded data from over 100 million journeys. Given that the transportation industry is expected to invest $1.75 trillion a year in order to achieve net-zero targets, Clearly’s solutions are expected to be crucial in the global shift towards more environmentally friendly technologies.

Also Read: Meta Faces Lawsuit from Polish Billionaire Alleging Fake Ad Scandal

Concluding Remarks: Developing Sustainable Supply Chains

With this latest fundraising round, Clearly has made great progress toward its goal of decarbonising supply chains globally. The company provides organisations with real-time decision-making tools and AI-driven insights, which not only help them decrease emissions but also help them reach their sustainability goals in a way that is profitable. Clearly is ideally positioned to spearhead the push toward achieving sustainable mobility as the need for data-driven procurement and sustainable operations only grows.

 
Meta Faces Lawsuit from Polish Billionaire Alleging Fake Ad Scandal

Meta Faces Lawsuit from Polish Billionaire Alleging Fake Ad Scandal

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Polish billionaire Rafal Brzoska and his wife are preparing to take legal action against Meta Platforms, Inc. over fake advertisements circulating on Facebook and Instagram. These ads reportedly misuse Brzoska’s image and spread false information about his wife. The couple has expressed frustration over Meta’s handling of the situation, despite notifying the company in early July. This lawsuit, still in its planning stages, is part of a broader global trend where high-profile individuals seek to hold social media giants accountable for the content they allow on their platforms.

A Growing Legal Battle

Meta Faces Lawsuit from Polish Billionaire Alleging Fake Ad Scandal

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Brzoska, who is well-known as the creator of the Polish parcel locker company InPost, has taken a public stand against the fake advertisements featuring his likeness. These ads, which have been linked to various scams, continue to appear on Meta’s platforms despite his complaints. “We plan to file a private lawsuit against Meta,” Brzoska told Reuters, highlighting his dissatisfaction with the company’s response.

However, the billionaire and his legal team have not yet determined the jurisdiction in which they will file the lawsuit. They are considering multiple scenarios, including legal action in the United States if they find European jurisdictions to be unresponsive. This potential lawsuit could join a series of legal challenges globally that aim to curb the spread of fraudulent content on social media platforms. Brzoska’s case could become a significant example of individuals taking on tech giants in court, especially if it proceeds in multiple countries.

Meta’s Response and the Broader Implications

A spokesperson for Meta acknowledged the issue, stating that the company removes false advertisements once it becomes aware of them and works with local authorities to combat scammers. However, the persistence of these ads raises questions about the effectiveness of Meta’s measures to protect users from misleading content. Brzoska’s case underscores the ongoing struggle between individuals and large tech companies over content moderation and accountability.

Also Read: X Faces Austrian Complaint Over Data Usage for AI Training

As Brzoska and his wife deliberate their legal strategy, their actions may inspire others facing similar issues to seek justice. The outcome of this potential lawsuit could have far-reaching implications for how social media platforms manage and respond to reports of fake advertisements, especially when they involve high-profile figures. For Meta, this is yet another reminder of the growing pressure it faces from global users and regulators to tighten its control over the content that appears on its platforms.

X Faces Austrian Complaint Over Data Usage for AI Training

X Faces Austrian Complaint Over Data Usage for AI Training

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An important complaint against social media network X, formerly known as Twitter, was submitted on Monday by the Austrian advocacy group NOYB (None of Your Business). The corporation, which is owned by Elon Musk, is accused of violating the General Data Protection Regulation (GDPR) of the European Union by improperly exploiting customers’ personal data to train its artificial intelligence (AI) systems without getting the required authorization.

The GDPR Grievance and Its Consequences

X Faces Austrian Complaint Over Data Usage for AI Training

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Max Schrems, a well-known privacy campaigner, led the complaint that was filed with data protection authorities across nine EU nations. This action is a component of a larger plan to put further pressure on Ireland’s Data Protection Commission (DPC), which serves as the principal regulator for numerous significant American technology companies doing business in Europe because Ireland is home to their European headquarters. The main point of NOYB’s complaint is that X has been processing user data for AI training without providing users with an opportunity to opt out beforehand, which is a clear violation of GDPR regulations.

Ireland's Part in the Protracted Legal Battle

In order to rectify the situation, the Irish Data Protection Commission, which is leading the way in regulating these matters, has taken action. It has requested an injunction prohibiting X from utilizing user data for AI research until appropriate consent procedures are put in place. X consented to temporarily stop using personal data for AI training in response to the complaint. However, NOYB contends that rather than addressing the basic legality of the data processing itself, the DPC’s measures are more focused on mitigation.

The Position of Max Schrems and Legal Issues

Max Schrems, a prominent proponent of digital age privacy rights, voiced his worries regarding X’s operations. He said,

"We want to ensure that Twitter fully complies with EU law, which, at a bare minimum, requires to ask users for consent in this case."

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The case brought to light that X had not notified users of their right to object to data collecting until many weeks after the process had commenced, giving rise to further ethical and legal concerns. 

Analogous to Meta's AI Approach

This is not a unique instance. Similar problems arose for Facebook’s parent firm Meta in June when the Irish DPC asked for a postponement of the AI assistant’s European launch citing privacy concerns. Additionally, NOYB has filed complaints against Meta, highlighting the wider ramifications for IT businesses that use user data for AI training without the express consent of the user.

Also Read: MiddleGame Ventures Hits €55M Milestone Towards €150M Fintech Fund

Final Thoughts: X's Future and EU Data Privacy

As the matter develops, X’s adherence to EU data protection regulations is still being investigated. The resolution of this case may establish a standard for how tech companies function in Europe, especially in relation to the use of private information for artificial intelligence research.

Swiss-Based Schlatter Faces IT Network Disruption After Cyberattack

Swiss-Based Schlatter Faces IT Network Disruption After Cyberattack

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Swiss engineering firm Schlatter Industries announced on Monday that its IT network had been compromised by a cyberattack on Friday. The company, based in Switzerland, confirmed that the attack involved sophisticated malware, indicating it was likely executed by professional cybercriminals. The attackers attempted to extort the company, although Schlatter refrained from providing additional details on the nature or extent of the blackmail attempts.

Swiss-Based Schlatter Faces IT Network Disruption After Cyberattack

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The breach has prompted Schlatter to initiate an in-depth investigation to determine if any sensitive data was stolen during the incident. The company’s cybersecurity experts are currently working to restore all affected systems to full operational status. The incident marks a significant security challenge for Schlatter, a company known for its advanced engineering solutions, as it strives to safeguard its operations and data integrity.

Immediate Security Response and Authorities Involved

In response to the attack, Schlatter Industries took immediate action to secure its network. The company swiftly implemented a series of security measures designed to contain the breach and prevent further unauthorized access. Schlatter has also engaged with relevant authorities to assist in the investigation and to mitigate the impact of the attack.

While the company did not disclose specific details about the security measures or the nature of the malware used, the prompt involvement of authorities suggests a high level of concern regarding the potential risks posed by the cyberattack. Schlatter’s decision to work closely with cybersecurity experts and law enforcement underscores the seriousness of the situation and the importance of protecting its assets and reputation.

Ongoing Investigation and Restoration Efforts

As Schlatter Industries continues to assess the damage, the company’s primary focus remains on determining whether any data was compromised and ensuring that its IT systems are fully restored. The company has not yet confirmed the extent of the disruption or how long it will take to bring all systems back online. 

Also Read: SoftBank Unveils $3.4 Billion Share Buyback in Search for AI Deals

Schlatter Industries’ proactive approach to managing the fallout from the attack highlights the growing importance of cybersecurity in today’s business environment. As cyber threats continue to evolve, companies like Schlatter are increasingly finding themselves on the front lines of a digital battle to protect their operations and customer data. The incident serves as a stark reminder of the potential vulnerabilities that even well-established firms face in an increasingly interconnected world.

HPE’s $14 Billion Juniper Deal Wins UK Antitrust Approval

HPE’s $14 Billion Juniper Deal Wins UK Antitrust Approval

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The fourteen billion-dollar takeover of Juniper Networks by Hewlett Packard Enterprise (HPE) is close to completion after being approved by the United Kingdom’s Competition and Markets Authority (known as CMA). The Competition and Markets Authority concluded that the combination will not materially reduce competitiveness in the United Kingdom market following a thorough review.

US Assessment and EU Approval

Following the European Union last week, when regulators in the markets they examined discovered no indication of competition problems, the UK has now given its permission. Meanwhile, the US Justice Department has frequently requested more specific details while it continues to analyze the agreement. A calculated purchase to improve network capabilities

HPE’s $14 Billion Juniper Deal Wins UK Antitrust Approval

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Juniper Networks, known for its switches, routers and other networking equipment, competes with market leader Cisco Systems Inc. HPE said it would pay $40 per share in cash to acquire Juniper and expand its networking business. This tactical decision that meets the need for increasing hybrid cloud services and reliable end-to-end artificial intelligence solutions should stimulate the position of Hewlett Packard Enterprise in the artificial intelligence networking industry.

Future of Hewlett Packard Enterprise

Hewlett Packard Enterprise emphasizes how important the acquisition is to maintain the latest portfolio in the latest development. According to the company, AI will remain one of the most disruptive workloads, and networking will be key to meeting these expectations.

Integrity and Leadership

Once the transaction closes, Juniper CEO Rami Rahim will lead HPE’s combined networking division, reporting directly to HPE Chairman and CEO Antonio Neri. Subject to remaining regulatory approvals, the deal, first announced in January, is expected to close by the end of 2024 or early 2025.

Also Read: SoftBank Unveils $3.4 Billion Share Buyback in Search for AI Deals

Conclusion

Despite the UK and EU approvals, the US Federal Trade Commission (FTC) remains the main regulatory hurdle. HPE’s acquisition of Juniper Networks is expected to close on schedule, barring any last-minute interventions. For HPE, the deal is a major step forward. This tactical decision that meets the need for increasing hybrid cloud services and reliable end-to-end artificial intelligence solutions should stimulate the position of Hewlett Packard Enterprise in the artificial intelligence networking industry.