The Australian Signals Directorate's latest Annual Cyber Threat Report reveals a cybercrime is reported every 6 minutes, with costs to businesses soaring. The report highlights the growing threat from state-sponsored actors and the impact of AI in enabling larger, faster attacks on the nation.
Harvard University has confirmed it was affected by a global cyber campaign exploiting a flaw in Oracle’s E-Business Suite. The attack, linked to the Cl0p ransomware group, targeted over 100 organisations worldwide, prompting urgent patching and investigation.
The Legal Practice Board of WA is notifying victims of a major data breach that took place in May after a ransomware attack by the Dire Wolf group compromised sensitive practitioner data.
Artificial intelligence advancements and competitions.
At the China Development Forum 2024, Apple emphasized AI development and East-West tech collaboration amid Sino-US tensions, while also facing growing regulatory scrutiny and antitrust challenges in Europe.
Apple CEO Tim Cook stressed China's importance at the 2024 China Development Forum, focusing on AI growth and easing US-China tensions. He unveiled Apple's largest store in Asia, reinforcing commitment to the region amidst challenges in the smartphone market.
Microsoft reached a $3.19T valuation this week, driven by AI advances and a partnership with Nvidia. Key moves include launching AI-powered Surface PCs and hiring from Inflection AI, highlighting Microsoft's aggressive push to lead in AI.
Microsoft launched AI-powered Surface PCs with a Copilot button and hired top talent from Inflection AI, reinforcing its leadership in AI innovation and personal computing.
Abu Dhabi's G42 divests from Chinese tech investments to ease US tensions and strengthen alliances. This strategic shift reflects the geopolitical pressure faced by Gulf States as they navigate US-China tech rivalry, aiming to balance economic growth with diplomatic alliances.
The Federal Trade Commission's (FTC) inquiry into the multibillion-dollar investments by these tech giants in AI startups like OpenAI and Anthropic marks a pivotal moment.
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.
The AI Safety Initiative by Cloud Security Alliance partners with leading tech companies to promote secure and ethical AI development. This collaboration ensures AI advancements are responsibly managed, addressing both their immense potential and risks.
November 2023 saw the 23andMe data breach, Australia's Cyber Strategy launch, OpenAI's Sam Altman saga, and cyber warfare in the Israel-Gaza conflict. These events underscore the increasing importance of cybersecurity, AI regulation, and hybrid warfare on a global scale.
AGI's path is unclear, unlike past engineering projects. OpenAI's leadership changes reveal internal debates. As AI development spreads, concerns rise over concentrated power, prompting questions about governance and oversight.
OpenAI faced turmoil with Sam Altman’s brief ousting and reinstatement. The crisis highlights concerns over its shift to commercialization and its evolving $13 billion partnership with Microsoft, which is now focusing more on its own AI technologies.
OpenAI's turmoil and potential staff exodus could undermine its innovation, benefiting Microsoft as it integrates OpenAI's technology. The departures of Altman and Brockman raise concerns about rapid AI growth versus ethical governance and highlight the need for regulation in the sector.
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