73M

French startup Zama has raised $73mn to commercialise the “holy grail” of cryptography: fully homomorphic encryption (FHE). Conceptually simple but practically complex, FHE enables computations on encrypted data without having to first decrypt it. As a result, companies can provide services without seeing their customers’ information. The users, meanwhile, won’t notice any difference in the function. To visualise the process, imagine the encrypted data as a locked box and the computations as…

Homomorphic encryption, a complex technique that uses cryptographic algorithms to keep data secure as it travels around networks and to third parties, continues to elude mass-market scalability and thus adoption — not least because currently, the complexity that makes it so effective also makes it slow and hard to use widely. But in a world rife with data leaks and creative, malicious hacking, the approach holds a lot of promise for ensuring data security longer term, so investors continue to fund startups staffed…

Google has agreed to pay publishers in Canada $73.6 million a year to keep links to news articles in its search results. The search engine had threatened to stop serving news links in response to a new law that forces tech companies to pay for news content.However, Google was able to strike a deal with the Canadian government before the rollout of the Online News Act, which is planned for Dec. 19, 2023. Why we care. This landmark deal will come as a huge relief for news publishers in Canada. Had Google followed…

While Donald Trump‘s Truth Social may be his soap box of preference, a filing shows that since its launch in 2022, the social media platform brought in $3.7 million in net sales while suffering a loss of $73 million. The Hollywood Reporter notes that this is the first time internal financial details from within the company, which is owned by rump Media & Technology Group (TMTG), have been shared publicly. A new financial disclosure from TMTG’s SPAC merger partner Digital World Acquisition Corp. revealed that in…