Alibaba CEO Daniel Zhang to step down
Alibaba Group CEO Daniel Zhang is set to step down from his roles and focus exclusively on the company’s cloud business. Joseph C. Tsai will take over as chairman, and Eddie Wu will become CEO. The move comes as Alibaba is undergoing a major organizational restructure. The company is splitting into six business entities, each […]
Reddit admits to taking inspiration from Elon Musk
Reddit CEO Steve Huffman has admitted that his company’s plan to increase the price of API access was inspired by Elon Musk’s takeover of Twitter. In an interview with NBC News, Huffman said that he was “reaffirmed” by Musk’s success in turning Twitter into a profitable business. He also said that he believes Reddit can […]
Cisco launches Silicon One G200 and G202
Cisco Systems has introduced two new networking chips, the Silicon One G200 and G202, designed for web-scale spine roles and Ethernet-based artificial intelligence/machine learning (AI/ML) deployments. The G200 is a 5 nm, 51.2 Tbps device, while the G202 is a 5 nm, 25.6 Tbps device. Both chips are designed to be highly programmable and efficient, […]
Clop ransomware claims it has no data from BBC, BA, Boots
The Clop ransomware gang has claimed that it does not have data belonging to U.K. organizations like BBC, BA, and Boots, who were thought to be victims of a mass hack caused by exploitation of a critical vulnerability in the MOVEit file-transfer tool through Zellis. According to the Clop, they informed Zellis, the UK payroll […]
Eve secures multiple sales agreement for its flying car
Eve, a subsidiary of Brazil’s Embraer, has announced the signing of letters of intent with Voar Aviation, Nordic Aviation, and Wideroe Zero for the sale of its innovative “flying car.” A Brazilian business, Voar Aviation, has contracted to buy 70 electric vertical take-off and landing vehicles (eVTOLs). While Nordic Aviation has decided to buy 30 […]
Protesting subreddits adopt “not safe for work” classification
Numerous subreddits have classified themselves as “not safe for work” (NSFW) to express dissatisfaction with Reddit’s recent treatment of volunteer moderators. This has resulted in a surge of explicit content infiltrating communities that were originally unrelated to adult material. The protests against Reddit’s new API pricing changes led to over 8,000 subreddits going dark. Afterwards, […]
Biden administration forms committee to oversee NSTC
The Biden administration has formed a committee of industry professionals, led by Alphabet Chairman John Hennessy, to oversee the research and development of next-generation computer chips. They will also be responsible for the selection of trustees to oversee the National Semiconductor Technology Center (NSTC). Janet Foutty, a Deloitte Consulting principal; Jason Matheny, CEO of the […]
EY survey reveals slow tech adoption amongst U.S. corporate executives
According to an EY survey, 59% of 1,001 American employees say their firms’ top leaders in the C-suite and at the vice president level have been hesitant to embrace emerging technology. 89% believe these innovations are advantageous to their organization. The survey titled EY Emerging Tech at Work 2023 says that 79% of participants are […]
Group-IB says over 100,000 ChatGPT credentials found in stealer logs
Group-IB claims to have discovered over 100,000 ChatGPT credentials in stealer logs exchanged on the dark web in the last year. The breaches mostly included three well-known data thieves: Racoon, Vidar, and Redline. Racoon was responsible for the majority of the breaches, with 78,348 compromised accounts. Vidar came in second with 12,984 hacked accounts, while […]
AT&T launches AI tool to improve internal operations
AT&T has introduced a new artificial intelligence (AI) tool called Ask AT&T, which will assist staff with activities ranging from coding to customer assistance to language translation. ChatGPT powers the product, which is intended to be secure and safe for employees and company data. Users can utilize Ask AT&T to look for information in HR […]
