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“Inflection-Microsoft AI Saga Persists as Astera Labs Goes Public”

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Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, focused on startup and venture capital news that matters. Today we have a grip of startup stories, and a venture capital item that isn’t as bad of news as it seems at first blush. Listen here or wherever you get your podcasts. Here’s the rundown:

“Empower Your Business with Data Conversations on Numbers Station”

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Numbers Station, a startup that is using large language models (LLMs) to power its data analytics platform, is launching its first cloud-based product today: the aptly named Numbers Station Cloud, which is now in early access. With this service, virtually any user in an enterprise can analyze their internal data using Numbers Station’s chat interface. As Numbers Station co-founder and CEO Chris Aberger told me, he’s somewhat tired of talking about how the service allows users to “chat with their data,” because there is so much noise around that. Numbers Stations’ research shows that its approach results in significantly improved precision compared to more traditional text-to-SQL pipelines. “Numbers Station is at the cutting edge of enterprise AI for structured data,” said Sharad Rastogi, the CEO of Work Dynamics Technology from Jones Lang LaSalle.

Cyberattack at LoanDepot Compromises Personal and Social Security Data of Over 17 Million Customers

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LoanDepot says about 17 million customers had personal data and Social Security numbers stolen during cyberattackAlmost 17 million LoanDepot customers had sensitive personal information, including Social Security numbers, stolen in a January ransomware attack, the company has confirmed. The loan and mortgage giant company said in a data breach notice filed with Maine’s attorney general’s office that the stolen LoanDepot customer data includes names, dates of birth, email and postal addresses, financial account numbers, and phone numbers. The stolen data also includes Social Security numbers, which LoanDepot collected from customers. The number of affected LoanDepot customers rose from 16.6 million as initially disclosed to federal regulators last month, which did not say what specific customer data had been stolen. Mortgage and loan giant Mr. Cooper said hackers stole the personal information of more than 14 million customers during an October cyberattack, costing the company at least $25 million in additional costs.

Insider Look: A Deep Dive into Reddit’s Initial Public Offering!

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Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Weekend team, we have something both short and sweet for you: A dig into the Reddit IPO filing that came out just after we recorded our final, regular episode of the week. Since we could not wait until Monday to talk about the numbers, we have an overview here for your delectation. If you want to read along:The Reddit IPO could be this year’s public-offering starting gun, or it could be a wet blanket on the year’s liquidity cycle. We’ll see how it prices, and even more how it trades when it does list.

“Exploring the Excitement of IPOs at CES: A Celebration of Overmoon”

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CES, Circle-ing back to IPOs and why we’re over the moon about OvermoonListen here or wherever you get your podcasts. Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday show, our news roundtable, our gathering of the nerds! Up top we have Alex Wilhelm and Mary Ann Azevedo digging through the key stories from the week. Then, Kirsten Korosec and Haje Jan Kamps are aboard to bring us the latest from CES!

Data Breach Hits Law Firm Specializing in Data Breach Cases

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An international law firm that works with companies affected by security incidents has experienced its own cyberattack that exposed the sensitive health information of hundreds of thousands of data breach victims. San Francisco-based Orrick, Herrington & Sutcliffe said last week that hackers stole the personal information and sensitive health data of more than 637,000 data breach victims from a file share on its network during an intrusion in March 2023. Orrick also said it notified health insurance company MultiPlan, behavioral health giant Beacon Health Options (now known as Carelon) and the U.S. Small Business Administration that their data was also compromised in Orrick’s data breach. The data also includes medical treatment and diagnosis information, insurance claims information — such as the date and costs of services — and healthcare insurance numbers and provider details. The number of individuals known to be affected by this data breach has risen by threefold since Orrick first disclosed the incident.

2023’s Continued Mishandling of Data Breaches: The Never-Ending Cycle

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Here we go again: 2023’s badly handled data breaches Delays, silence and unanswered questions follow these organizations into the new yearLast year, we compiled a list of 2022’s most poorly handled data breaches looking back at the bad behavior of corporate giants when faced with hacks and breaches. That included everything from downplaying the real-world impact of spills of personal information and failing to answer basic questions. Samsung won’t say how many customers hit by year-long data breachSamsung has once again made it onto our badly handled breaches list. Lyca Mobile later admitted a data breach, in which unnamed attackers had accessed “at least some of the personal information held in our system” during the hack. Data leaked by the gang, and reviewed by TechCrunch, included the personal data of thousands of CommScope employees, including full names, postal addresses, email addresses, personal numbers, Social Security numbers, passport scans and bank account information.

14 Million Customers’ Personal Data Stolen by Hackers Under the Watch of Mr. Cooper

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Hackers stole the sensitive personal information of more than 14.6 million Mr. Cooper customers, the mortgage and loan giant has confirmed. In a filing with Maine’s attorney general’s office, Mr. Cooper said the hackers stole customer names, addresses, dates of birth, phone numbers, as well as customer Social Security numbers and bank account numbers. Mr. Cooper previously said that customer banking information was stored by a third-party company and believed to be unaffected. Mr. Cooper said in its data breach notification letter to affected victims that the stolen data includes personal information on those whose mortgage was previously acquired or serviced by the company when it was known as Nationstar Mortgage, prior to its rebranding as Mr. Cooper. Do you work at Mr. Cooper and know more about the cyberattack?