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Apps

Samsung expects 15X profit increase, fueled by massive demand for AI chips

By Mike Wheatley Jul 4, 2024

Samsung Electronics Co. Ltd. says its operating profit is likely to increase almost 15-fold during the second quarter from the same period a year ago, the jump thanks to the growing demand from enterprises…

Security

New ransomware group ‘Volcano Demon’ uses direct phone calls to pressure victims

By Duncan Riley Jul 4, 2024

A report released July 1 by cybersecurity startup Halcyon Tech Inc. is warning of a new ransomware group that frequently makes phone calls to pressure victims into paying up. Dubbed “Volcano Demon,” the ransomware group has reportedly…

AI

Meta open-sources new ‘multi-token prediction’ language models

By Maria Deutscher Jul 4, 2024

Meta Platforms Inc. has open-sourced four language models that implement an emerging machine learning approach known as multi-token prediction. VentureBeat reported the release of the models today. Meta made their code available on HuggingFace,…

Cloud

Fresh Microsoft layoffs reportedly hit product and project management roles

By Duncan Riley Jul 4, 2024

Microsoft Corp. has apparently launched a new round of layoffs a month after it was reported that the company was preparing to lay off hundreds of employees from its Azure cloud business. Geekwire reported Wednesday…

Cloud

AWS to build $1.3B top-secret cloud for Australia’s government

By Maria Deutscher Jul 4, 2024

Amazon Web Services Inc. has inked a deal to build data centers in Australia for the country’s defense and intelligence agencies. Officials announced the project today at a press conference in Canberra. The initiative…

Security

Law enforcement task force disrupts infrastructure used for Cobalt Strike cyberattacks

By Maria Deutscher Jul 4, 2024

An international task force has taken down hundreds of IP addresses and domain names that were used by hackers to launch cyberattacks. The task force, which was coordinated by Europol, disclosed the development on…

Security

Proton debuts privacy-focused alternative to Google Docs and Microsoft Word that rejects AI assistance

By Mike Wheatley Jul 3, 2024

Swiss privacy technology company Proton AG is looking to challenge Google LLC and Microsoft Corp. with the launch of its new word processing tool and document editor, Docs in Proton Drive. Announced today, the…

Security

Patelco Credit Union targeted in ransomware attack, disrupting customer access

By Duncan Riley Jul 3, 2024

California-based Patelco Credit Union, one of the largest credit unions in the U.S., has suffered from a ransomware attack that has prevented some customers from accessing their funds. According to a status update on Tuesday,…

Cloud

OpenText announces job cuts and reinvestment strategy under new plan

By Duncan Riley Jul 3, 2024

Enterprise software provider OpenText Corp. announced today in a Securities and Exchange Commission filing that it plans to cut 1,200 jobs as part of a business optimization plan aimed at saving the company $200 million per…

AI

Report: China leads the world in generative AI patents

By Mike Wheatley Jul 3, 2024

Data from the United Nations shows that China is far ahead of any other country in terms of generative artificial intelligence inventions, having filed six times as many patents as the U.S. The World…

the latest

Samsung expects 15X profit increase, fueled by massive demand for AI chips

New ransomware group ‘Volcano Demon’ uses direct phone calls to pressure victims

Meta open-sources new ‘multi-token prediction’ language models

Fresh Microsoft layoffs reportedly hit product and project management roles

AWS to build $1.3B top-secret cloud for Australia’s government

Law enforcement task force disrupts infrastructure used for Cobalt Strike cyberattacks

Proton debuts privacy-focused alternative to Google Docs and Microsoft Word that rejects AI assistance

Patelco Credit Union targeted in ransomware attack, disrupting customer access

OpenText announces job cuts and reinvestment strategy under new plan

Report: China leads the world in generative AI patents

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