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.
Technological battles and industry disruptions.
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.
This month, the spotlight is on the critical nexus of cybersecurity and geopolitics. From the mysterious sabotage of subsea internet cables threatening global connectivity to South Korea’s pivotal role in countering cyber threats in the Indo-Pacific, power and strategy dominate the digital age.
Amazon, Microsoft, and Google are turning to nuclear energy for AI data centers. Amazon invested in X-energy, Google partnered with Kairos Power, and Microsoft aims to revive the Three Mile Island plant, highlighting a shift toward nuclear power.
TSMC leads the AI chip race, thriving on surging demand, while Samsung struggles with a 13% profit drop and ASML casts doubt on AI chip sustainability. Chinese tech giants adapt to U.S. trade limits with homegrown solutions, keeping the global competition fierce in the AI-driven market.
Telegram is tightening its policies, sharing user IPs and phone numbers of criminals with authorities. As hybrid warfare blends state-backed hacking with cybercrime, Telegram faces pressure to curb illegal activities exploiting its encryption features.
Sam Altman’s essay The Intelligence Age predicts superintelligence emerging within years, sparking debates on AI’s potential. While Altman envisions AI driving global prosperity, critics argue that it could worsen inequality. The race for AI dominance raises questions of access and ethics.
Europe's fragmented AI regulations risk undermining the potential of OpenSource AI, which seeks to democratize technology and drive innovation.
North Korean hackers target cryptocurrency firms with fake job offers to install malware, fueling Pyongyang's weapons program. Robin Khuda's AirTrunk revolutionises AI infrastructure, valued at A$24B.
As AI accelerates, platforms like Grok expose vulnerabilities in governance. Billionaires like Elon Musk and Sam Altman, leading trillion-dollar companies, now wield power rivalling nations.
As Grok-2 pushes boundaries with minimal safeguards, the debate centres on whether current governance structures can manage the rapid evolution of AI technology, or if we've inadvertently created a digital reality that surpasses democratic oversight.
OpenAI's recent unveiling of GPT-4 Mini has stirred both excitement and debate in the AI community, promising "intelligence too cheap to meter." This latest offering aims to democratise advanced AI capabilities, making them more accessible and affordable.
We cover the extensive supply chain disruptions affecting logistics, airlines, and transport worldwide. Additionally, we examine the financial impact on CrowdStrike’s stock price and the ensuing reactions from financial markets and analysts.
