Innovation & Tools
Analysts note doubling of cryptocurrency thefts in the world in the first half of 2024 - 07/10/2024
According to a research by analyst firm TRM Labs, in the first half of 2024, hackers stole more than twice as much cryptocurrency as they did the year before—$1.38 billion as opposed to $657 million. The majority of the volume was taken in a few targeted strikes, much like in 2023. Hackers were able to take 70% of the total volume in just five hacks. The biggest of these was the theft of almost...
Amazon to invest $100 billion in AI over next decade - 07/01/2024
The Wall Street Journal reported that Amazon intends to invest over $100 billion in data center infrastructure over the course of the next ten years. Amazon intends to spend over $100 billion on data center infrastructure over the course of the next ten years, however the source of the information is not mentioned. The publication claims that because cloud computing and artificial intelligence...
Hong Kong launches pilot program for payments in digital yuan - 05/20/2024
The Hong Kong Monetary Authority (HKMA) reported that Hong Kong has started a pilot program that permits digital yuan payments through large Chinese banks. Residents in Hong Kong will be able to transfer money directly to retailers in mainland China by opening digital yuan wallets at Bank of China, Bank of Communications, China Construction Bank, and Industrial & Commercial Bank of China....
Virgin Galactic plans last commercial flight of Unity spacecraft starting from June 8 - 05/06/2024
According to a press release from the corporation, "the window for spaceflight on the Virgin Galactic mission Galactic 07, organized by the United States, will open on June 8." This will be the Unity spacecraft's final commercial mission, according to Michael Colglazier, the company's CEO. Virgin Galactic will therefore make its second space journey of the year and its twelfth overall. Along...
Telegraph: AstraZeneca admits that its COVID vaccine can cause thrombosis - 05/01/2024
A class action complaint has been filed against the British-Swedish pharmaceutical corporation AstraZeneca, claiming that a COVID-19 vaccine that the business and Oxford University produced has major adverse effects. The complaint claims that the vaccine resulted in injuries and fatalities in numerous cases. The company itself has acknowledged that, in rare instances, its vaccine may result in...
Tesla to partner with Baidu to bring car autopilot system to Chinese market - 04/30/2024
According to Bloomberg, which cites sources, American automaker Tesla will collaborate with Chinese Internet behemoth Baidu Inc. to launch mapping and navigation features in the Full-Self Driving (FSD, "autopilot") driving assistance system on the Chinese market. Data protection tests for Chinese-made Tesla electric vehicles have been passed with success. The China Association of Automobile...
Artificial intelligence brings 20% of revenue to BCG consulting company - 04/26/2024
In an interview with the Financial Times, Christoph Schweizer, the CEO of the global consulting firm BCG, stated that his company anticipates making $12 billion in revenue this year, with 20% of that amount coming from artificial intelligence (AI) consulting. The manager clarified that this was a reference to advisory services related to integrating AI into the operations of BCG's client...
Google will delete billions of records containing users' personal data - 04/02/2024
Google has consented to remove billions of user activity records, including personal information of over 136 million Americans who use the Chrome browser. In June 2020, a class action lawsuit was launched against Google. Attorneys for the plaintiffs and the company declared at the end of December 2023 that they had come to a settlement to assist with the lawsuit's settlement. Among other things,...
Study: 8 million people in Britain could lose their jobs because of AI - 03/29/2024
A paper on the possible threats artificial intelligence (AI) poses to the regional labor market was released by the Institute for Public Policy Research (IPPR) in Britain. The IPPR presented three potential scenarios – best-case, baseline, and worst-case. Each scenario examines three levels of risk. In the worst-case scenario, the nation's GDP would not rise and 8 million jobs would be lost as a...
Apple to integrate Google's AI model into iPhone - 03/19/2024
According to Bloomberg, which cites sources, Apple Inc. and Google are in discussions about incorporating the Gemini artificial intelligence model inside the iPhone. They state that there is active discussion between the two firms regarding the prospect of incorporating certain new capabilities into the revised iPhone software that will be launched later this year, using Google's Gemini....
