Reddit acqui-hires team from ML content moderation startup Oterlu

Reddit announced today that it’s bringing on the team from Oterlu, a startup from Gothenburg, Sweden that develops machine learning-powered content moderation tools. The Oterlu team will join Reddit’s Safety team and develop native machine learning moderation models that can quickly and accurately detect harmful content across a range of languages, Reddit says. The Oterlu…

Accel, BoxGroup, Cowboy Ventures, Pear VC and Yahoo to judge Startup Battlefield at Disrupt

We’re less than a month away from TechCrunch Disrupt on October 18–20 in San Francisco! Imagine a drumroll, folks, because we’re about to announce the last tranche of investors and thought leaders who will choose which outstanding startup takes the title of Startup Battlefield champion, along with the $100,000 prize and serious bragging rights Improve…

Today’s top deals include more all-time low Amazon device deals, a new streaming discount, and home and tech products

Here are the best deals of the day for Oct. 4: BEST AMAZON DEVICE DEAL: Echo Show 8 (2nd Gen) with 2-Pack GE CYNC Smart LED Color Bulb — $63.99 $153.98 (save $83.99) BEST STREAMING AND SUBSCRIPTION DEAL: Three months of BET+ via Amazon Prime Video — $0.99/month $9.99/month (save $27) BEST TECH DEAL: Samsung…

These are officially the worst malware strains of the year

Cybersecurity experts from OpenText Security Solutions have determined what they feel are the worst malware threats of the year 2022 so far.  Its “Nastiest Malware of 2022” report saw the Emotet kept the devious crown, followed by the ever-evolving LockBit.  What’s more, the company says there’s evidence that the “hacker holiday” is no more, with…

The US says a cap on Russian oil prices would save billions of dollars for importers like Turkey and Thailand, report says

Russia has rerouted its oil exports away from Europe towards Asia. Suriyapong Thongsawang/Getty Images A price cap on Russian oil could save 50 emerging markets billions of dollars a year, the US estimates. EM countries are getting hammered on oil import prices right now, a US Treasury official told the FT. The US is seeking…

US stocks extend rally amid investor hopes that central banks are nearly done hiking interest rates

Getty Images US stocks opened higher Tuesday, building on strong gains a day earlier.  The US dollar slid further while the pound sterling gained strength.  Investors are hoping that a dovish pivot from the Fed could be in sight.   US stocks opened higher Tuesday,  building on Monday’s strong rally, as investors hope that a the…

Cryptocurrencies pose risks to the stability of the US financial system and gaps in regulation must be addressed, Treasury group says

AP Crypto poses risks that could endanger US financial stability, the Financial Stability Oversight Council said. The group identified three areas of the crypto market where regulators needed tighten rules. Failure to regulate crypto could cause “harm to the financial system and to individuals,” Janet Yellen said.  Cryptocurrencies pose risks to the stability of the…

Warren Buffett’s planned successor bought $68 million of Berkshire Hathaway stock in one day – and might be eyeing more purchases

Warren Buffett. AP Images Warren Buffett’s likely successor bought $68 million of Berkshire Hathaway stock in a single day. Greg Abel only owned about $3 million of Berkshire shares before his recent purchases. The boss of Berkshire’s non-insurance businesses capitalized on a slump in Berkshire stock. Warren Buffett’s planned successor has plowed $68 million into…

A majority of global CEOs see a recession hitting in the next year, with nearly two-thirds anticipating it will slash earnings up to 10%, KPMG says

Many analysts think the US is heading for a recession in 2023. Juanmonino/Getty Images 86% of CEOs running the world’s largest companies foresee a recession in the next 12 months, according to the KPMG 2022 CEO Outlook.  71% of respondents project a recession will reduce company earnings by up to 10% over the next year. …