McKinsey partners Cohere to bring AI to enterprise clients
McKinsey, a global consulting firm, has partnered with Cohere, a generative AI startup, to bring AI solutions to enterprise clients. This is the first partnership with a large language model provider that McKinsey has announced. Cohere’s generative AI technology can be used to improve customer engagement, automate workflows, and increase internal efficiency. McKinsey said it […]
U.S. blacklists Cytrox and Intellexa
The U.S. Commerce Department has placed two spyware vendors, Cytrox and Intellexa, on a trade blacklist, citing national security concerns. The blacklist prohibits U.S. companies from conducting business with Cytrox and Intellexa. The two companies are known for developing exploits that allow government customers to hack into someone’s phone without them knowing. The blacklisting affects […]
Amazon and Apple fined for colluding to limit online sales in Spain
Spain’s antitrust watchdog has fined Amazon and Apple a combined 194.1 million euros ($218 million) for colluding to limit the online sale of Apple products and those of its competitors in Spain. The two companies signed a deal in 2018 that gave Amazon the status of authorized Apple dealer in Spain. This deal included anti-competitive […]
OpenAI partners with American Journalism Project
OpenAI and the American Journalism Project (AJP) have announced a two-year deal to help fund efforts by local outlets to experiment with artificial intelligence technology. The deal, which includes $5 million in funding from OpenAI, will allow AJP to distribute grants to ten of its 41 portfolio organizations. Those organizations will experiment with best practices […]
Schumer’s AI forums to tackle complexities of new technology
Senate Majority Leader Chuck Schumer plans to hold a series of nine “AI Insight Forums” with AI experts in the fall. The forums are intended to help senators understand the complexities of artificial intelligence before regulating it, acknowledging that a bipartisan agreement on AI legislation is still a distant goal. Schumer said he wants Congress […]
Microsoft reveals details of China-linked cyberattack
Microsoft has revealed the details of a cyber attack that targeted government agencies and high-profile officials in the United States. The attack was carried out by a group called Storm-0558, which is believed to be associated with China. The hackers gained access to several email accounts by exploiting a flaw in Microsoft’s cloud platform. They […]
AI to wipe out outsourced programmers in India in 1-2 years
Most outsourced programmers in India could lose their jobs in the next year or two, according to Stability AI CEO Emad Mostaque. Mostaque said that the effects of AI mean that it is now possible to develop software with far fewer people. He pointed out that AI models can do everything from bug testing to […]
Tesla board to return $735M in overpay settlement
A group of Tesla directors, including CEO Elon Musk, have agreed to return $735 million to the company to settle a lawsuit alleging they overpaid themselves. The lawsuit, filed by a police and firefighter retirement fund, accused the directors of granting themselves excessive stock options between 2017 and 2020. The settlement is the largest ever […]
Air AI launches AI-based customer support
A U.S. based AI startup, Air AI, has launched the world’s first-ever AI-based customer support that can have a proper 10-40 minute-long phone calls and sound just like a real human.
Cyber Security Today, July 19, 2023 – The Sturmous ransomware group is back, a ransomware gang adds a new backdoor, and more
This episode reports on the jailing of a UK IT security analyst who tried leverage a cyber attack to extort money from his firm, an AI chatbot for crooks
