This week’s Cyber Pulse Mid-Week Briefings cover Australia’s new Cyber Security Bill, rising ransomware claims, Zscaler's AI-driven platform growth, and cyber threats from East Asia, including Chinese influence operations, North Korean tech theft, and costly global data breach claims.
Visa boosts AI fraud detection with Featurespace acquisition, lifting its stock; Experian expands Latin American security by acquiring ClearSale; Booz Allen shares cyber expertise at Singapore International Cyber Week; Torq secures $70M for global growth; SentinelOne and Okta shine in top awards.
With OpenAI’s shift to a $157 billion for-profit model, CEO Sam Altman maintains its mission to "benefit humanity." However, as investors seek high returns and Altman stands to gain equity, doubts arise over who truly benefits from OpenAI’s growth—society or its shareholders?
The Bilderberg Meeting: AI at the Helm of Geopolitical Transformation
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.
This year’s Bilderberg assembly brings together the CEOs of AI powerhouses Google DeepMind, Microsoft AI, Anthropic, Eric Schmidt, Former CEO and Chair, Google and Mistral AI, alongside leaders from diverse sectors such as Citigroup, Pfizer, and Shell.
Once again, the menace of the artificial intelligence bogeyman is here for the foreseeable future. Explosive developments in artificial intelligence (AI), especially large language models (LLMs), have generated intense debate about the future of AI’s societal impact, from the damages to individual privacy, to the eventual displacement of the workforce, and so on and so forth.
That Google’s chief AI functionary Demis Hassabis participated in this panel is telling.
The agenda for the meeting, set against a backdrop of rising global tensions, speaks volumes about the complex interactions between geopolitics and technology.
Economic issues are another central theme, with both sides of the Atlantic in the spotlight. At a time of economic turmoil in Europe, and with significant challenges to US economic and political landscapes also on the agenda, the interactions of AI with old ways of doing business will be high on the list of topics.
The presence of the chief executives of Pfizer and Shell (Albert Bourla and Wael Sawan) respectively reflect this wider economic theme, with AI’s links with finance, biology, energy and other industries pointing towards the possibility of new economic paradigms, with opportunities for unprecedented efficiencies and innovation.
At the top of that list is social safety. The more that AI systems become embedded in daily life, the more crucial it is to develop strong safety systems – both at the ethical deployment of AI, and to establish guardrails that reduce the risk of harm from inherent and unintended bias, privacy infringements and risk of misuse.
Tech leaders must take up responsibilities to develop the policy guardrails to enable safe AI.
The Bilderberg Meeting's key topics for discussion this year are:
State of AI and AI Safety: Discussions will likely focus on the rapid advancements in AI, the ethical implications, and the need for robust safety measures to prevent misuse.
Changing Faces of Biology: The intersection of AI and biotechnology, including advancements in genomics and personalised medicine.
Climate and Future of Warfare: The role of AI in addressing climate change and its potential use in modern warfare.
Geopolitical Landscape: The ongoing conflicts in Ukraine and the Middle East, and the rising tensions between the US and China.
Economic Challenges: Both Europe and the US face significant economic challenges, and the role of AI in addressing these issues will be a critical point of discussion.
The participation of political figures and business leaders at the Bilderberg Meeting suggests an evolving relationship between technology and governance.
The influence of tech companies on global policies is growing, with CEOs now playing a more prominent role in steering political discourse.
This shift raises important questions about accountability and the balance of power in the digital age.
Indeed, the 2024 Bilderberg Meeting in Madrid arguably represents a historic shifting of leadership from humans to AI. The elite attendees will deliberate on the future of AI, the development of the metaverse, and the use of algorithms for policing purposes.
Political, business and military leaders working together has the potential to change the future of AI development and its place in civil society.
The decisions they make in Madrid this June will send ripples throughout the world, intensifying much geopolitical and economic competition. And eventually may even lead to a world where technology dictates the future course of humanity.
Against this backdrop, social safety, economic stability and even geopolitical decisions will also likely be highly influenced by developments with AI. The world that emerges from these discussions can be expected to resonate through all corners of industry and government and mark the latest milestone in a tightening spiral of technological and political integration.
Visa boosts AI fraud detection with Featurespace acquisition, lifting its stock; Experian expands Latin American security by acquiring ClearSale; Booz Allen shares cyber expertise at Singapore International Cyber Week; Torq secures $70M for global growth; SentinelOne and Okta shine in top awards.
With OpenAI’s shift to a $157 billion for-profit model, CEO Sam Altman maintains its mission to "benefit humanity." However, as investors seek high returns and Altman stands to gain equity, doubts arise over who truly benefits from OpenAI’s growth—society or its shareholders?
Swiss Post strengthens its digital security with the acquisition of Open Systems, while Second Front Systems and Picus Security secure major funding for expansion. Intezer, EasyDMARC, and RunSafe scale up in cybersecurity, and the UK claims the top spot in CyberTech investment in Europe for H1 2024.
Google is investing $1 billion in Thailand to expand AI and cloud infrastructure, while Meta is setting up manufacturing for its Quest 3S in Vietnam. Both moves position Southeast Asia as a key player in the global AI arms race, with tech giants racing to dominate the region’s digital economy.