Cisco faces fallout from a massive data leak exposing critical files, while China accuses the U.S. of cyber espionage amid rising tech tensions. AI governance sparks debate as Europe enforces strict rules, and ASIC sues HSBC for $23M scam failures. Global cyber affairs take center stage this week.
ASIC is suing HSBC Australia over $23M in scam losses, alleging systemic failures in fraud detection and delays in resolving complaints. Meanwhile, Singapore's proposed anti-scam law aims to freeze accounts of scam victims to prevent further losses, sparking debate on privacy and autonomy.
Broadcom joins Nvidia in the $1 trillion club, reshaping the AI chip race with a 51% revenue surge in Q4 2024 and VMware's $69B acquisition. As China invests $25B to boost semiconductor self-reliance, U.S.-China tensions escalate, redefining global innovation and geopolitical power dynamics.
Quality Versus Quantity - The Ramifications Of Unchecked AI Usage And Automation
It’s no secret that businesses around the world are adopting AI and automation, with a study from IBM showing roughly 30% of IT professionals already relying on new AI and automation tools.
But is anyone really surprised? Studies already show that AI can boost worker productivity by as much as 14%. So why don’t we all just stop while it’s still a fair fight and let AI take over everything?
Almost one-in-four companies are adopting AI because of labor or skills shortages, and 30% of global IT professionals say employees at their organization are already saving time with new AI and automation software/tools. - IBM
Well some companies have taken that line of thinking to heart. An entertaining article by The Verge was published recently, and shows what seems to be a seller on Amazon forgetting to check an automated ChatGPT plugin before publishing it’s ‘work’:
Amazon responded to The Verge saying:
We work hard to provide a trustworthy shopping experience for customers, including requiring third-party sellers to provide accurate, informative product listings. We have removed the listings in question and are further enhancing our systems. - Amazon spokesperson Maria Boschetti
This isn't just a one-time thing; it seems like there's a trend of AI-created content causing problems on online marketplaces, and also X (formerly Twitter):
Amazon And Twitter Might Not Be The Only Ones Affected By Poor Automation - Speculation With Bethesda’s Reviews
Despite the removal of the products, this mishap highlights the risks of using AI and automation unchecked. It’s unfortunate that Bethesda Game Studios couldn’t read this article before replying to lots of negative reviews on their latest game ‘Starfield’.
Customer feedback and interaction is often considered essential in business, and gathering feedback from your audience can serve invaluable to improving the product. However, many have speculated that Bethesda may have used a bot to respond to the massive amount of negative reviews they got on steam, with a Youtuber even attempting to recreate the review responses with his own prompts.
And it’s not hard to see why. Below are two different responses from Bethesda:
Review And Response 1
Four paragraphs elicit a large response from Bethesda.
Review And Response 2
A single word labelled as a bad review gets an almost identical response as above.
Whilst not impossible to be human written, it’s hard to believe the same team would apply such a similar amount of effort in replying to a 4 paragraph review (review and response 1) as they would with one that simply says “midfield” (review and response 2) (a play on the name starfield). If Bethesda wanted to damage their reputation they certainly picked the right method.
Should Companies Use AI And Automation To Replace Human Generated Content?
So, a couple of companies got it wrong, but that still doesn’t make AI boosted productivity any less tempting - just make sure your customers don’t know. Unless you should? A recent study at MIT discovered that sometimes AI generated content is in fact received better than human generated content.
So, should companies keep it under wraps or should they take artificial intelligence and automation in their stride and embrace it fully and publicly? Well, the verdict’s still out but stay tuned as I’m sure we’ll see more example of companies getting it wrong, AND right in the not so distant future.
ASIC is suing HSBC Australia over $23M in scam losses, alleging systemic failures in fraud detection and delays in resolving complaints. Meanwhile, Singapore's proposed anti-scam law aims to freeze accounts of scam victims to prevent further losses, sparking debate on privacy and autonomy.
The week saw cyber threats shadow Black Friday’s $70B sales, AI reshaping banking, and Meta’s nuclear energy ambitions. ByteDance and Nvidia clashed in the U.S.-China tech war, while Australia pushed Big Tech to fund journalism. A turbulent digital landscape sets the stage for 2025.
The Pacific tech war intensifies as Trump's return to power amplifies U.S. export bans, targeting China’s AI progress. ByteDance, Nvidia's largest Chinese buyer, counters with bold strategies like crafting AI chips and expanding abroad. A fragmented 2025 looms, redefining tech and geopolitics.
Australia pushes tech giants to pay for local journalism with new laws as Meta faces a global outage, raising concerns over platform reliability. Meanwhile, Meta joins hyperscalers like Google and Amazon, exploring nuclear energy to power AI ambitions and unveils a $10B AI supercluster project.