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What U.S. companies should consider following the bombshell EU Privacy Shield ruling — Fortune

If you’re an American company with European users or customers, and you transfer their personal data to the U.S. for company use, you need to be aware of what just went down at the EU’s top court, writes David Meyer.

Here is the link: https://fortune.com/2020/07/16/privacy-shield-eu-us-companies-business/

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Wiz raises $1B

Cloud security company Wiz has raised $1 billion in a funding round.

Augment raises $227M 

Palo Alto, Calif.-based Augment, an AI coding assistance startup, has emerged from stealth with the announcement of a $227 million Series B funding round.

Dropzone AI raises $16.85M

Dropzone AI, a company that delivers pre-trained autonomous AI analysts that work alongside human analysts on security operations teams, has raised $16.85 million in a Series A funding round.

Akamai to acquire Noname Security for $450M

Akamai Technologies has entered into an agreement to acquire San Jose, California-based, privately-funded API security company Noname Security, for approximately $450 million.

Ukraine unveils AI-generated foreign ministry spokesperson — The Guardian

Victoria Shi is modelled on Rosalie Nombre, a singer and former contestant on Ukraine’s version of the reality show The Bachelor, according to the report on The Guardian.