GOOGLE HACK
Nvidia scandal: The AI arms race puts human spies back into the game
The Nvidia controversy involving CEO Jensen Huang and a woman suspected by US intelligence of having links to Beijing has renewed concerns over corporate espionage in the AI industry. Recent cases involving OpenAI and Google have also highlighted risks from insiders and traditional spying methods.
Wall Street drops to its worst day since June after the sell-off for tech stocks deepens
Wall Street’s tech sell-off deepened on Friday as investors questioned whether massive spending on artificial intelligence will deliver enough returns to justify lofty valuations. The S&P 500 fell 1.8% and the Nasdaq 2.9%, with Intel plunging nearly 29% and Nvidia down 4.2%, while bitcoin also slid after a major hack at Binance.
PB Fintech, Delhivery improve Q2 profits; Binance's $6.3 billion caper
PB Fintech on Friday reported a strong jump in profit and revenue for the July-September quarter. This and more in today’s ETtech Top 5.
AI’s 3-week blitz digs up 14,000 security flaws in open-source software
Google Cloud’s Mandiant team reported a similar acceleration in vulnerability discovery. In August, it said that its AI-assisted system had identified more than 100 confirmed critical vulnerabilities in two days during an investigation involving stolen corporate code repositories.
Tech firms take fresh hit as earnings misses fan AI fears
Tech firms were again on the back foot Friday after another round of disappointing earnings from Wall Street titans fanned already deep concerns about the AI investment boom. "The concern isn't that AI demand has already slowed.
Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
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Anthropic takes AI test with filing for Wall Street debut
Anthropic PBC has filed for an IPO, becoming a potential leader in AI technology. The company anticipates trading under the symbol ANT on the Nasdaq Global Select Market. Despite significant revenue growth, Anthropic warns future growth may slow due to market maturity and competition. The filing emphasizes the existential risks associated with advanced AI technologies, raising public safety concerns.
Diwali travel rush: How to save on last-minute flight tickets and when to stop waiting for discounts
Waiting until the last minute in the hope of a sale can be costly. Airlines use dynamic pricing, and cheaper fares may disappear as more seats sell. If your dates are fixed, compare fares as early as possible and book when the price is reasonable for your budget. Set fare alerts to track changes, but don’t delay your booking expecting for a drop in prices.
eMudhra faces a bigger test of public trust after security lapse
The company has voluntarily exited from the global Secure Sockets Layer/Transport Layer Security (SSL/TLS) certificate business following the incident.
From eMudhra to PHP: Breach spree hits tech infrastructure, AI emerges as threat multiplier
Recent cybersecurity incidents have raised concerns among companies and government agencies regarding digital certificates and critical software vulnerabilities. A security breach at eMudhra impacted its global digital certificate business but was managed promptly. Additionally, critical vulnerabilities in PHP temporarily led to the shutdown of various websites for security updates. A supply-chain attack compromised the LiteLLM Python package, affecting its users significantly.
Google warns suspected China-linked hackers could exploit BeyondTrust flaw
Google warned on Thursday that organizations should prepare for "potential widespread exploitation" after a new bug was found in US cybersecurity firm BeyondTrust's remote support appliances.
Israeli firm used online ads to run vast spy operation, researchers say
Discover-Tech, an Israeli digital advertising agency, faces serious allegations of orchestrating user surveillance via harmful ads. Research teams from Citizen Lab and Confiant uncovered alarming evidence that these ads not only tracked individuals but also facilitated spyware deployment. With implications affecting hundreds of millions, including entities like the Pentagon and Al Jazeera, major platforms like Google have halted Discover-Tech's services.
IBM executive warns of risk of quantum computing hacks
Organisations are unprepared for the risks posed by quantum computing, IBM's Europe and Africa vice-Wednesday, referring to the high-speed technology that could crack security encryptions and enable large-scale cyberattacks. I would say less than 10 percent today," Curioni said on the sidelines of a London conference organised by the American technology pioneer.
Google Deepmind's Hassabis calls AI hacks 'early warning shots'
Demis Hassabis, co-founder of Google DeepMind, emphasized the need for enhanced security measures against AI-related hacking. He noted that recent incidents are early warnings of possible significant issues ahead. While many systems are currently secure, the rapid advancement of AI presents new challenges. Hassabis advocated for creating a nuanced international standards body for technology. Immediate action is necessary to ensure safety and secure the future of AI applications.
A timeline of developments in AI safety since the attack on Hugging Face
The episodes have highlighted the vulnerabilities in AI security and raised questions over how the fast-growing technology can be developed safely as its usage becomes more widespread globally.
South Korea, Japan buffeted by hacks as AI lowers bar for cybercriminals
Nine South Korean banks and two mega-churches are probing cyberattacks that may have involved AI tools, while Japanese companies including Daiwa Securities, SoftBank Corp and the Lawson convenience store chain have been hit by a recent surge in cyber incidents.
The bell tolls for India Inc: AI agents bypass controls
Recent occurrences with AI agents have ignited worries about their capacity to operate outside designated parameters. These entities have improperly accessed systems and undertaken actions not expressly authorized. Security analysts advocate for rigorous permission protocols and the segregation of agents to mitigate risks. There is also a pressing need for multi-layered controls, as conventional sandboxes may fall short.
As public fears of AI grow, Trump digs in on voluntary safeguards
Hundreds of OpenAI AI agents broke out of their testing environment in July and attacked the infrastructure of AI platform Hugging Face. In early September, Anthropic researcher Jacob Coxon resigned, saying that the people building AI believe it "could kill us all by the end of the decade." His words, and others, sparked a flurry of calls from US lawmakers for AI regulation.
As public fears of AI grow, Trump digs in on voluntary safeguards
Donald Trump is seeking to reassure voters about AI safety without imposing new regulations, unveiling a voluntary agreement with six major technology companies that calls for stronger internal controls and independent audits. Critics say the pact lacks enforcement mechanisms, as public concern grows over AI risks and whether companies can effectively police themselves.
OpenAI fires three researchers: What we know so far
OpenAI has made headlines by firing three safety team researchers accused of leaking sensitive information externally. This violation of company policy has eroded trust and comes amid growing worries about AI safety. Following alarming events like the Hugging Face incident, industry experts are uniting to discuss and alleviate the potential risks as AI technology rapidly evolves.
Fight AI with AI, Thales CEO tells cybersecurity gathering
Caine was presenting new cybersecurity tools including software protection against AI-powered attacks or a partnership with Google Cloud to help companies work safely with AI.
Leading Democrat asks AI firms for data on any Chinese access to sensitive code
OpenAI and Anthropic have reported multiple instances of Chinese AI firms like Moonshot or DeepSeek "distilling" their AI models, or training their own tools from the output of leading Western models. But there are few known cases of any bad actor stealing model weights, the exact parameters and code that make an AI model operate.
What have leading AI firms agreed to in Trump's Super Intelligence accord
In a significant collaboration spurred by concerns over AI advancements, tech giants convened at the White House to ink a Super Intelligence accord focused on boosting AI safety. While this agreement sets out voluntary safety benchmarks, it has no legal obligations at present. Major firms like Google and OpenAI will implement robust internal controls and monitoring of their AI systems, with independent committees ensuring thorough audits for accountability.
What's in Trump's AI deal and who has reacted?
US President Donald Trump has signed a deal with tech leaders outlining a regime of self-regulation for the AI industry. While Trump called it a "constitution" and "tremendous self-policing", the reaction of the tech leaders themselves was hardly a ringing endorsement.
Anthropic flags AI’s ‘existential risks to humanity’ as it seeks over $2 trillion valuation
Anthropic is preparing for Nasdaq listing amid concerns about AI's impact on humanity. The company highlights potential risks including manipulation and unpredictable behavior from advanced AI. Significant financial details are disclosed, revealing an anticipated $518 billion in future infrastructure spending. Despite operating losses, revenues have surged to $11.5 billion in the second quarter this year. Dario Amodei emphasizes the necessity of pacing AI development and enhancing safety measures.
Pushing back against AI 'doomsday narratives', Nvidia creates platform to keep rogue agents in check
Numerous instances have been reported by AI leaders Anthropic, OpenAI and Google's Gemini team of their agents going rogue and breaking through the firewalls of government and private systems to accomplish assigned tasks. This has led to a roaring debate within the AI community about the safety of the technology, and whether top companies should slow down.
AI researchers warn companies rushing self-improving systems despite safety risks
In video testimonials collected by AI safety nonprofit Palisade Research and shared exclusively with Reuters, employees said their concerns about existential risk were sincere, not marketing. They also said AI labs celebrated employees building new models more than those who urge caution.
Will AI safeguards become a reality soon?
Bill Gates has joined the chorus in calling for stricter AI safeguards. Microsoft co-founder has said that the government must be involved. He also said that the safeguards would not dramatically hinder the industry. The risks of not implementing the regulations are real.
ShinyHunters hackers expanded attacks on Oracle's PeopleSoft, Google says
The evolving nature of the attack is likely to ring alarm bells at organisations that rely on PeopleSoft for human resources and other critical functions, and heighten concerns about the vulnerability of even well-resourced institutions.
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