billion
-
Blog
Meta invests $14 billion in Scale to catch up in the AI race
Meta is paying $14.3 billion to acquire 49 percent of Scale AI and hire its CEO, Alexandr Wang, to revamp its troubled AI efforts. As part of the deal, Wang will report directly to Meta CEO Mark Zuckerberg and remain on Scale’s board of directors, both companies announced on Thursday. Sources say Wang will lead a new AI lab at…
Read More » -
Blog
Apple blocked over $9 billion in App Store fraud in five years
Apple says it blocked over $9 billion in fraudulent App Store transactions over the last five years, with over $2 billion in potentially fraudulent sanctions prevented in 2024 alone. The company’s annual App Store fraud analysis also shows that Apple identified almost 4.7 million stolen credit cards and blocked over 1.6 million accounts from making transactions again. The App Store…
Read More » -
Blog
App Store stopped $2 billion in fraud, blocked 2 million risky apps in 2024 – Computerworld
Those commitments should, logically, extend to discipline against developers. Apple says that in order to prevent fraud, it terminated over 146,000 developer accounts last year. It also blocked 139,000 developer enrollments. Why are tens of thousands of attempts to overcome App Store security taking place? It could be the sheer number of people using the store, which is currently serving…
Read More » -
Blog
Salesforce splashes the cash with $8 billion deal for Informatica
Salesforce has announced plans to acquire Informatica in a deal valued at $8 billion as the firm continues with its AI focus. In a statement confirming the acquisition, Salesforce said the deal will enhance its data management capabilities and will complement its agentic AI service. Salesforce launched its Agentforce service in September last year, which gives users access to a…
Read More » -
Blog
OpenAI just made its first hardware acquisition with a deal for Jony Ive’s startup – but Altman’s $6.4 billion moonshot is a huge risk
OpenAI has announced it will acquire io Products, a hardware company founded by former Apple chief design officer Jony Ive. The deal, reportedly worth $6.4 billion, will see io brought under OpenAI’s roof as the company pursues what CEO Sam Altman described as “a new generation of AI-powered computers” in a post on X. Io was founded in 2024 by…
Read More » -
Blog
Microsoft expects 1.3 billion AI agents to be in operation by 2028 – here’s how it plans to get them working together
Microsoft wants to improve Copilot agility with a new low-code fine-tuning service and more intuitive agent orchestration tools – and it comes at a critical juncture in the evolution of the technology. Copilot Tuning was one of a flurry of announcements to come from the opening day of Microsoft’s Build 2025 conference. The new low-code feature inside Copilot Studio lets…
Read More » -
Blog
Eddy Cue is fighting to save Apple’s $20 billion paycheck from Google
Microsoft’s Bing or DuckDuckGo probably won’t disrupt Google’s dominance in search, said Apple senior vice president of services Eddy Cue — but AI services easily could. Cue was returning to a courtroom in Washington, DC where he last testified in the Justice Department’s trial against Google’s search monopoly in September 2023. During the current remedies trial on Wednesday, Cue said…
Read More » -
Blog
$200 billion to build a data center? Soaring AI demands mean costs could skyrocket within a few years
Surging AI-related infrastructure demands mean data centers could soon cost as much as $200 billion to build, according to a recent study, with most owned privately rather than by governments. Research by Epoch AI tracing the computing powering AI by analyzing 500 systems shows that AI supercomputers — Epoch’s phrase for AI data centers or GPU clusters — are doubling…
Read More » -
Blog
US lost record $16.6 billion to cybercrime in 2024
The FBI says cybercriminals have stolen a record $16,6 billion in 2024, marking an increase in losses of over 33% compared to the previous year. According to the bureau’s annual Internet Crime Complaint Center (IC3) report, IC3 recorded 859,532 complaints last year (256,256 with actual loss), amounting to an average loss of $19,372. The most impacted group is older Americans,…
Read More » -
Blog
WordPress ad-fraud plugins generated 1.4 billion ad requests per day
A large-scale ad fraud operation called ‘Scallywag’ is monetizing pirating and URL shortening sites through specially crafted WordPress plugins that generate billions of daily fraudulent requests. Scallywag was uncovered by bot and fraud detection firm HUMAN, which mapped a network of 407 domains supporting the operation that peaked at 1.4 billion fraudulent ad requests per day. HUMAN’s efforts to block…
Read More »