AT&T's recent mega customer data breach — 74 million accounts affected — laid bare how much data carriers have on their users, and also that the data is there for the hacking. On Thursday, a startup called Cape — based out of Washington, D.C., and founded by a former executive from Palantir — is announcing $61 million in funding to build what it claims will be a much more secure approach: It won't be able to leak your name, address, Social Security number or location because it never asks for these in the first place. The funding is notable in part because Cape's appeal to users is not yet proven.
In his new book, Dixon argues that firms such as Alphabet, Meta, and others have reaped monopolistic profits for too long. While crypto may not be ready to overthrow these firms, he says it is only a matter of time.
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