AI Security Startup Legion Emerges from Stealth with $38M Funding, Gen Z Entrepreneurship on the Rise, and Global Tech News Updates

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Cybersecurity startup Legion has emerged from stealth with $38 million in funding from Accel, Coatue, and others. The company, led by alums of Microsoft's cyber protection product Sentinel, focuses on using AI to detect threats within users' computer browsers. Legion aims to respond to threats 90% faster than existing players in the market by providing a security operations center (SOC) that addresses the scale and complexity of modern cyberattacks. With backing from cybersecurity heavyweights Michael Fey, Dan Amiga, and Mickey Boodaei, Legion has already gained dozens of customers, including major financial institutions and Fortune 20 companies, offering innovative solutions where larger players have fallen short. The company's founders recognized the need for more effective cybersecurity measures in response to increasingly sophisticated attacks.Fortune released its annual Global 500 ranking of the world's largest companies, with Walmart topping the list and tech giants like Amazon, Apple, and Alphabet making significant moves. The European Union accused Chinese retailer Temu of not protecting consumers from dangerous products, potentially facing fines. Spotify reported a surprising loss in the second quarter due to higher costs and lackluster ad revenue. In other tech news, AI is becoming the new search, potential changes to U.S. patent profits are on the horizon, and Anthropic's high valuation is making waves.Serial entrepreneur Adam Khakhar has created a two-person company with AI that has scaled successfully after selling his startup, FlashDocs, to Hebbia. Leading the API and artifacts division, Khakhar believes that AI will enable more two-person companies to thrive and scale. He emphasizes the importance of not underestimating Gen Z's ability to create successful startups. In other news, a tsunami warning has been issued for the Pacific following an 8.8 magnitude earthquake in Russia. The U.S. is set to report Q2 GDP numbers and the Federal Reserve will announce its latest interest rate decision. CEO turnover is on the rise, with 207 CEOs leaving U.S. companies in June. The Department of Justice filed a misconduct complaint against a federal judge who criticized Trump, while Jeffrey Epstein's ex-girlfriend, Ghislaine Maxwell, has offered to testify to Congress in exchange for immunity and clemency. EPA Chief Lee Zeldin wants to discard the 2009 finding that manmade carbon emissions are causing global warming, and Trump is considering imposing tariffs on India. In the markets, S&P 500 futures are up, while Bitcoin remains above $118k. JPMorgan predicts a revenue opportunity of $67 billion for Apple's rumored foldable iPhone, and Wedbush estimates a multiplier effect of $8-$10 for every $1 spent on Nvidia across the tech ecosystem.

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