Tech

Australia vows cyber action after coordinated attack

Published

1 year ago

January 17, 2024

Thousands of Australian online shoppers have become victims of a hacking scam that targeted several prominent brands.

Australian Prime Minister Anthony Albanese has pledged to explore all possible measures to safeguard businesses against such scams following the breach, which resulted in the theft of credit card information from thousands of customers.

Large businesses, including popular brands like Dan Murphy’s, Binge, Event Cinemas, and Guzman Y Gomez, fell victim to cybercriminals who fraudulently accessed the online accounts of numerous customers over recent months.

Ticker’s Top 10 cybersecurity tips for safeguarding your business

The hackers acquired stolen login details from overseas cybercriminals, using them to make unauthorised online purchases that amounted to thousands of dollars.

The affected customers had either stored their credit card information on company websites or possessed gift cards and store credit for online transactions.

Australian PM Anthony Albanese vows action against cyber criminals.

Significant threat

Prime Minister Albanese emphasised that cybercrime presents a significant threat to Australia’s economic security and called it a “scourge.” He expressed deep concern for the vulnerable individuals who have been deceived while acting in good faith and stressed the need to protect them.

The cybercriminals boasted about using unsuspecting Australians’ money to purchase iPhones, clothing, and nearly $800 worth of alcohol in online chat rooms.

In addition to Guzman Y Gomez, other major online retailers such as The Iconic were also affected by the attack, known as ‘credential stuffing.’

This technique involves hackers using previously stolen passwords from one website to gain unauthorized access to other platforms.

Tech

Nvidia to build AI supercomputers in the U.S. for first time

Nvidia invests $500 billion in U.S. AI supercomputers, shifting production to Texas to strengthen supply chains and boost domestic growth amid rising tariffs and national tech pressures.

Published

5 days ago

April 18, 2025

Veronica Dudo

Nvidia invests $500 billion in U.S. AI supercomputers, shifting production to Texas to strengthen supply chains and boost domestic growth amid rising tariffs and national tech pressures.

Nvidia to build AI supercomputers in the U.S. for the first time — a $500 billion move that could redefine the global tech industry.

With new tariffs on imports from China and Taiwan, the chip giant is shifting production to Texas, partnering with Foxconn and Wistron.

Nvidia says the decision will strengthen its supply chain and boost domestic economic growth.

The announcement comes amid growing pressure to secure national tech infrastructure and reduce reliance on Asia. How will this impact jobs, prices, and America’s AI ambitions?

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

Tech

‘Stuck in the past’: Has Apple lost its edge?

Apple, once an innovator, faces criticism for stale updates and designs, prompting comparisons to 1980s IBM and calls for Tim Cook’s departure.

Published

1 week ago

April 16, 2025

Ahron Young

Apple, once an innovator, faces criticism for stale updates and designs, prompting comparisons to 1980s IBM and calls for Tim Cook’s departure.

Apple, once a symbol of innovation, is now under fire for uninspiring product updates.

The headline “Has Apple lost its edge? Critics say it’s stuck in the past” captures growing frustration over recycled designs and underwhelming features.

From the original iPhone to the lacklustre Apple Intelligence, critics now compare the company to IBM in the 1980s. Is it time for Tim Cook to step aside?

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Apple #TimCook #TechNews #iPhone #AppleIntelligence #Innovation #BradGastwirth #TechDebate

Tech

OpenAI explores social network to rival Elon Musk

OpenAI is considering a social network to rival Musk’s X, spurred by the success of its new image-generation feature.

Published

1 week ago

April 16, 2025

Ahron Young

OpenAI is considering a social network to rival Musk’s X, spurred by the success of its new image-generation feature.

In Short

OpenAI is considering creating a social network to compete with Elon Musk’s X and Meta’s Instagram, following high demand for its new image-generation tool.

The company has raised $40 billion in funding and is facing increased server demands, prompting efforts to temporarily limit the tool’s usage.

OpenAI is contemplating the development of a social network to rival Elon Musk’s X and Meta’s Instagram, according to an informed source.

This initiative is reportedly in the early stages and has emerged following the success of OpenAI’s latest image-generation tool, which has stressed the company’s servers.

The announcement was first reported by The Verge, while OpenAI has chosen not to comment on the matter.

Image-generation

In March, OpenAI launched its new image-generation feature designed to create various visual content, including diagrams, infographics, and logos. This tool also enables users to produce artistic renditions from their uploaded images.

Recently, images generated by this feature have gained significant traction on social media, with OpenAI’s CEO Sam Altman recently using one for his profile photo on X. Altman noted the overwhelming popularity has led to increased server demands.

He mentioned that the company is currently looking to limit the feature’s usage temporarily while they enhance its efficiency.

The generative AI sector is highly competitive, particularly with the involvement of Musk’s xAI, which recently acquired X. The relationship between Altman and Musk has become contentious, particularly surrounding OpenAI’s move to become a for-profit entity.