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.
Our perspective on the world of artificial intelligence.
Deepfakes, driven by rapid AI advancements, pose a growing threat to global security, from online fraud to election interference.
Welcome back to the AI Diplomat Insight Series. This year, AI has become a key investment for businesses, with spending on AI vendors up 375% year-over-year, according to RAMP's latest report.
Welcome to the Cyber Scan Roundup! This week: Elon Musk’s AI chatbot Grok faces backlash for spreading election misinformation. TikTok withdraws its Lite rewards program in the EU under regulatory pressure. In the U.S., TikTok battles a DOJ lawsuit over alleged violations of children’s privacy laws.
Cybersecurity news: Delta sues CrowdStrike for $500M over a tech outage, IBM launches an AI-powered cybersecurity assistant to boost threat detection, and the industry faces a severe talent shortage. With rising cyber threats and gaps in expertise, the cybersecurity landscape is rapidly evolving.
In 2024, as artificial intelligence continues to advance at an unprecedented pace, society is grappling with the darker potentials of this technology.
In 2023, the global cyber landscape has been marked by a significant escalation in cyber threats, posing critical challenges not only in the volume of incidents but also in their complexity and coordinated nature.
The AI revolution is upon us, and CES 2024 is just the beginning. Whether you're an avid tech enthusiast, a curious observer, or a cautious sceptic, there's no denying the excitement and potential of the AI-powered future that awaits.
In the wake of a tumultuous 2023, marked by geopolitical upheavals and technological breakthroughs, we stand at the threshold of a decade poised for unprecedented change.
