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.
Business - Tech trends and economic shifts
Gearing up for the wider adoption of artificial intelligence (AI), companies operating data centres are poised to invest over $100 billion in expanding their capacity in Asia over the next few years.
Government agencies are stepping up with rewards to catch cyber criminals, and we've got the latest scoop on global cyber threats and AI breakthroughs.
We examine the geopolitical risks associated with Russia-linked influence campaigns targeting the upcoming U.S. presidential election. Stay informed as we break down these pivotal stories shaping the cyber and AI landscapes.
How NVIDIA And The Magnificent Seven Are Transforming Markets
A Groundbreaking Week for Apple AI reaching new heights
With the kick start of another AI race this week, the long-anticipated Worldwide Developers Conference (WWDC) 2024 was expected to overshadow all competitors, capturing the attention of AI experts, commentators, and investors alike on Wall Street. Apple did not disappoint.
Singapore's Financial Sector Under Scrutiny Amid Cybercrime Allegations
Kicking off this week from May 30 and concluding on June 2, the annual Bilderberg Meeting in Madrid, known for its secrecy and influential attendees, focuses on the tech titans who are shaping the future.
Apple lags in the generative AI race, risking its reputation. Expectations are high for WWDC 2024, where AI App Store and Siri upgrades may be unveiled. A strategic overhaul is crucial to maintain its competitive edge.
Nvidia's stock surged 9% following strong earnings and a 10-for-1 stock split announcement, boosting its AI leadership. Analysts anticipate major AI developments from Apple at the upcoming Worldwide Developers Conference.
Microsoft's Build conference will showcase AI in Windows, featuring tools like Copilot. With Google's Gemini AI and OpenAI's GPT-4o, Microsoft aims to stay ahead in AI, drive PC upgrades, and introduce AI PCs with Neural Processing Units (NPUs).
Microsoft developed offline generative AI for U.S. intelligence to enhance security. At RSA 2024, AI's role in cybersecurity was emphasized. Australasia faces AI-driven threats, leading Google and Microsoft to invest heavily in local defenses and digital resilience.
