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EU Invests €1.3 Billion to Boost AI Adoption & Improve ‘Digital Competencies’
Image: seventyfourimages/Envato Elements The EU is pouring €1.3 billion ($1.4 billion) over the next two years to accelerate the adoption of artificial intelligence technologies. The funding will support the development and testing of “immersive environments” to apply in healthcare for purposes like training and virtual patient assessments. The investment will also support the implementation of the AI Act, which ensures…
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OpenAI just raised another $40 billion funding round
OpenAI is set to receive $10 billion up front (SoftBank will invest $7.5 billion along with $2.5 billion “from an investor syndicate,“ according to Bloomberg). The remaining $30 billion is slated to arrive by year’s end, CNBC reported — but only if it officially converts into a for-profit company by then. If not, it reportedly stands to lose a quarter…
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Elon Musk’s xAI buys Elon Musk’s X for $33 billion on paper
A few years after buying Twitter for $44 billion, Elon Musk announced that his AI business xAI has acquired the social media platform X, formerly known as Twitter. In a tweet, he described it as an all-stock transaction, valuing xAI at $80 billion and X at $33 billion, including $12 billion in debt it had as part of his takeover.…
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Google confirms Wiz acquisition in record-breaking $32 billion deal
Google has confirmed plans to acquire cloud security firm Wiz in a deal worth $32 billion. The deal marks the biggest acquisition yet for the tech giant, more than double its $12.5 billion buyout of Motorola in 2012, before selling it off again two years later for a fraction of that price. The tech giant said the acquisition represents an…
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UK cloud infrastructure set for boost amid $5 billion Oracle investment
Oracle is set to invest $5 billion (£3.85 billion) to ramp up support for the UK’s cloud infrastructure capabilities, the firm has revealed. In an announcement confirming the move, the tech giant said the funding will be distributed over the next five years and go towards expanding the footprint of Oracle Cloud Infrastructure (OCI) in the country. It will also…
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The UK cybersecurity sector is worth over £13 billion, but experts say there’s huge untapped potential if it can overcome these hurdles
The UK government has identified the nation’s cybersecurity sector as a key economic growth driver citing “exceptional performance” over the last year, but experts say the sector has more to offer if certain obstacles can be overcome. A new report released by the Department for Science, Information, and Technology (DSIT) revealed the UK’s cybersecurity sector generated £13.2 billion over the…
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A ‘significant increase’ in infostealer malware attacks left 3.9 billion credentials exposed to cyber criminals last year – and experts worry this is a ticking time bomb for enterprises
Researchers have warned that billions of credentials exposed to cyber criminals were sourced from infostealer logs last year – and it’s created a ticking time bomb for enterprises as hackers begin cracking systems. KELA Cyber Threat Intelligence’s State of Cybercrime 2024 report singled out infostealers as a persistent threat that usually serve as “precursors to advanced attacks, including ransomware and…
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US govt says Americans lost record $12.5 billion to fraud in 2024
The U.S. Federal Trade Commission (FTC) said today that Americans lost a record $12.5 billion to fraud last year, a 25% increase over the previous year. Consumers reported that investment scams resulted in the highest losses, totaling around $5.7 billion with a median loss of over $9,000 and exceeding all other fraud categories. The second largest reported loss was linked…
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Undocumented commands found in Bluetooth chip used by a billion devices
Update 3/9/25: After receiving concerns about the use of the term ‘backdoor’ to refer to these undocumented commands, we have updated our title and story. Our original story can be found here. The ubiquitous ESP32 microchip made by Chinese manufacturer Espressif and used by over 1 billion units as of 2023 contains undocumented commands that could be leveraged for attacks. The…
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Undocumented “backdoor” found in Bluetooth chip used by a billion devices
The ubiquitous ESP32 microchip made by Chinese manufacturer Espressif and used by over 1 billion units as of 2023 contains an undocumented “backdoor” that could be leveraged for attacks. The undocumented commands allow spoofing of trusted devices, unauthorized data access, pivoting to other devices on the network, and potentially establishing long-term persistence. This was discovered by Spanish researchers Miguel Tarascó…
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