Will hackers use your own AI against you?
Businesses have spent years asking what AI can do for their employees. Fewer have asked what it would do for an intruder inside an employee’s account.
StockerYale stock deal nets $4m
StockerYale has all but given away more than 642,857 shares of stock to obtain $4 million in revolving credit over the next three years.
The Salem-based provider of photonics-based products revealed last week in a filing with the Securities and Exchange Commission that on June 28 it sold the stock – worth more than $1.18 per share – for a tenth of a cent per share to Laurus Master Fund Ltd. In the days following the filing, the stock price went down sharply, closing at $1.03 on Friday.
Laurus, in turn, agreed to a line of credit limited to a certain extent by the company reserves, its inventory and the accounts at a rate of 1 percent above prime.
StockerYale used the $1.4 million of the credit immediately to pay off a loan to the National Bank of Canada.
The company has been losing money each quarter and has been strapped for cash, but sales have been increasing. – BOB SANDERS
