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Attorneys seeking approval of the $2.8 billion legal settlement for college sports pointed to nearly 102,000 athletes who signed up to receive damages from the action, while batting down objections to what they described as the “intergalactic paradigm shift” the settlement will create across the NCAA.In a motion filed in federal court Monday, plaintiff attorneys in the House settlement also noted that only 343 of nearly 390,000 people covered by the class-action lawsuit had opted out, while only 73 had submitted objections to the court.Meanwhile, 101,935 had either filed a claim form or updated their payment information, which gives them…

Cohere For AI, AI startup Cohere’s nonprofit research lab, this week released a multimodal “open” AI model, Aya Vision, the lab claimed is best-in-class. Aya Vision can perform tasks like writing image captions, answering questions about photos, translating text, and generating summaries in 23 major languages. Cohere, which is also making Aya Vision available for free through WhatsApp, called it “a significant step towards making technical breakthroughs accessible to researchers worldwide.” “While AI has made significant progress, there is still a big gap in how well models perform across different languages — one that becomes even more noticeable in multimodal…

The use of AI by companies is expanding rapidly. This requires the collection and processing of vast amounts of corporate data. The threat of sensitive company data and PII leaking is serious and heavily regulated by governments. One problem is that AI data processing is performed on devices with GPUs (such as Nvidia), while the data source (as in parameters and prompts) is delivered through connected devices more commonly using standard CPUs (such as Intel). Mapping the data from one device to another has been achieved in software with the use of Bounce Buffers. But these add overhead to the…

SEB, a leading Nordic financial services group, has entered into a strategic partnership with Morningstar and Sustainalytics to consolidate and enhance its ESG data handling.According to ESG News, this initiative, part of SEB’s Tellus project, aims to unify sustainability definitions across the bank to ensure clarity and consistency for all clients. By integrating ESG data across its divisions, SEB facilitates better internal collaboration and efficient sustainability discussions.Per Georgzén, Deputy Head of Sustainability, Corporate and Private Customers at SEB, highlighted the challenges of aligning sustainability practices at both the corporate and client levels. The bank’s new strategy allows various departments to…

Cyber risk management specialist KYND has announced two strategic hires to support its ambitious growth plans across the EMEA region and the US.With operations spanning 35 countries, KYND is actively accelerating its international footprint. As part of these efforts, Nadji Raib has been named VP of sales for EMEA, while Jeff Foley has joined KYND’s US operations as head of research.Based in KYND’s London headquarters, Raib will be responsible for driving growth across the EMEA region. His remit includes identifying opportunities within existing markets as well as expanding KYND’s reach into new territories. With over a decade of experience working…

CISOs are having to adapt at lightning speed to the rapidly changing AI landscape. DeepSeek is just the latest example of this in practice – a new ‘latest and greatest’ tool emerges and quickly tops download charts. Employees start using it at work despite the data policy explicitly stating all information will be held in China. Even the Pentagon is forced to tell its employees to stop using it. And of course DeepSeek is just the latest in what will be a long lineup of AI tools from China and elsewhere. Unauthorized AI usage is a ticking time bomb. Employees…

Cino, a FinTech firm specialising in real-time shared payments, has raised €3.5m in seed funding as it prepares to launch in the UK and expand its footprint across Europe.The funding round was led by Balderton Capital, with participation from Connect Ventures. Several angel investors also joined the round, including Barney Hussey-Yeo, founder of AI-powered money app Cleo.Founded in 2023, Cino has developed a payment app designed to transform how groups of friends, families or housemates split bills and make purchases together. Rather than one person covering a payment and chasing others for their share, Cino allows all members of a…

Lenkie, a UK-based FinTech focused on cashflow management, has raised £49m in Series A funding to drive its mission of improving access to capital for small and medium-sized enterprises (SMEs). The round consists of £4m in equity and a £45m debt facility, led by a large US private credit fund specialising in supporting international lenders.Lenkie claims that traditional banks have pulled back from small business lending, contributing to an estimated £22bn funding gap. This withdrawal has created a growing need for alternative financing solutions to help SMEs secure the capital they need to operate and grow.Lenkie offers payables financing — a…

Sustainability reporting is crucial for organisations to track and reduce emissions; however, the digital infrastructure supporting these reports, such as cloud storage, ESG software, and data processing, consumes significant electricity.According to Position Green, a considerable portion of this electricity comes from fossil fuels, adding to the environmental burden.As organisations refine their net-zero strategies, the carbon footprint of their reporting processes often remains overlooked. Questions arise about the energy consumed by sustainability data management and whether these activities could be increasing Scope 3 emissions through inefficient workflows.Significant volumes of ESG data are collected and stored from various sources, including internal operations…

BriteCore, a provider of cloud-native core insurance platforms for property and casualty insurers, has expanded its Solution Partner Marketplace. This enhancement introduces five new vendor integrations, marking a significant stride in BriteCore’s ongoing effort to equip insurers with cutting-edge technology solutions and increased flexibility in underwriting accuracy, claims processing, and overall operational efficiency.BriteCore’s core function is to offer property and casualty insurers advanced technology solutions that streamline and enhance their insurance processes. The BriteCore Solution Partner Marketplace is crafted to provide seamless access to innovative tools and services that augment insurers’ core operational capabilities.The reason behind this new product initiative…