All articles by Swagath Bandhakavi
Swagath Bandhakavi
Nearly half of German companies not prepared for EU AI Act, Deloitte survey reveals
Deloitte found that a significant number of companies worry the EU AI Act will impede AI innovation, seeing it more as a regulatory hurdle than a catalyst for growth.
Car rental company Avis discloses cyberattack and data breach
The attackers obtained personal information, such as names, addresses, driver’s licence numbers, financial account details, and dates of birth for some customers.
OpenAI surpasses one million paid business users for enterprise AI services
OpenAI’s business customer base has grown from 600,000 in April to reach one million this month – a 67% increase in about five months.
Qualcomm explores acquisition of Intel’s chip design units to strengthen portfolio
The San Diego-based company’s evaluation of the potential deal is still in the early stages, with no formal approach to Intel and no final decisions reached.
Council of Europe launches first legally binding AI treaty to protect human rights and democracy
The treaty sets a legal framework for AI systems from development to deployment, fostering innovation while managing risks to public safety, privacy, and data protection.
Nvidia refutes claims of subpoena from US Department of Justice
The tech giant clarified it has not received any legal documents from the DoJ, which is reportedly investigating issues related to AI technology and computing components.
Halliburton confirms hackers stole data in August cyberattack, no material impact expected
The breach prompted the oilfield services firm to initiate its cybersecurity response plan, disconnect certain systems to safeguard them, and inform law enforcement authorities.
Nvidia stock decline wipes out $279bn in market value amid AI investment concerns
The GPU giant’s sharp decline was triggered by a disappointing quarterly outlook that missed investor expectations, leading to concerns over slower-than-expected returns on AI investments.
Organisations accelerate AI adoption to transform risk management, says KPMG report
As the risk landscape evolves, new evidence suggests AI is a vital tool for filtering data, identifying trends, and providing actionable insights.
Fraudsters plead guilty to exploiting OTPs for bank account theft in UK
The NCA had shut down the fraudster’s platform in 2021 after it had exploited vulnerabilities in multi-factor authentication systems, allowing criminals to access sensitive financial information.