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Big tech and finance join forces in cybersecurity crackdown

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Big players in the tech and finance industry are working with the Biden administration to strengthen cybersecurity guidelines

Biden says that he will work with the tech and finance industries to strengthen cybersecurity guidelines in the US.

Yesterday, he met with a group of Cabinet members and big-name executives from tech, finance and infrastructure companies.

An illustration picture taken in London on December 18, 2020 shows the logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone. – Accelerating the transition to an ever more digital life, the coronavirus pandemic has tightened tech giants’ grip on billions of customers’ lives. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images)

“The federal government can’t meet this challenge alone,” Biden said. “You have the power, the capacity and the responsibility, I believe, to raise the bar on cybersecurity.”

The guest list included Amazon’s Andy Jassy, Apple’s Tim Cook, Microsoft’s Satya Nadella, Google’s Sundar Pichai and IBM’s Arvind Krishna.

Cybersecurity rises to the top of Biden’s agenda

It seems that cybersecuirty has made its way to the top of Biden’s agenda, likely prompted by a series of high-profile cyber attacks over the course of this year.

This comes after the massive Colonial Pipeline attack, which resulted in a $4.4 million ransom payout to the hackers.

Other noteworthy recent attacks on US companies include the Russia REvil gang hack and the attack on JBS, the world’s largest meat supplier.

“We have a lot of work to do,” Biden said.

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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OpenAI to launch TikTok-like AI video app Sora

OpenAI to launch Sora, an AI-driven social app with TikTok-like features amid TikTok’s regulatory uncertainties

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OpenAI to launch Sora, an AI-driven social app with TikTok-like features amid TikTok’s regulatory uncertainties

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In Short:
– OpenAI is launching Sora 2, a social media app with AI-generated videos, competing with TikTok.
– The app features a unique identity verification system and provides short video content without uploads.
OpenAI is set to unveil Sora 2, a new social media app that imitates TikTok by offering AI-generated video content. The strategy positions OpenAI to directly challenge established platforms in the AI video market.The platform has begun internal testing. Employees have reacted positively, raising productivity concerns among managers. Sora 2 features swipe-to-scroll navigation and offers personalized video recommendations.

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A unique identity verification system allows users to authenticate their likeness for use in AI-generated videos. Users will be notified when their likeness is used in videos, regardless of whether these are published. Video lengths are capped at 10 seconds, with no capability to upload personal content.

The app includes typical social media features like likes and comments, with a user interface that resembles TikTok’s “For You” page.

Strategic Launch

OpenAI’s timing for this launch is strategic, coinciding with uncertainties surrounding TikTok’s U.S. operations. Recent deals aim to transfer majority control of TikTok’s American business to U.S. investors while permitting ByteDance a minority stake.

OpenAI perceives the current turbulence as a unique opportunity to introduce a competitive platform for short-form videos, appealing to users seeking alternatives during this period of regulatory scrutiny.


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Optus CEO under pressure after second emergency outage

Optus under mounting pressure for CEO resignation after second emergency outage affects thousands and raises safety concerns

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Optus under mounting pressure for CEO resignation after second emergency outage affects thousands and raises safety concerns

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In Short:
– Optus faces pressure after a second emergency service outage, affecting 4,500 customers for nine hours.
– Calls for CEO Stephen Rue’s resignation intensify amid scrutiny over network investment and safety mechanisms.
Australian telecommunications company Optus is under increasing pressure to address leadership concerns following a second emergency service outage in ten days.
The incident occurred in Dapto, south of Sydney, where around 4,500 customers were unable to reach Triple Zero emergency services due to a faulty mobile tower for nine hours.Optus confirmed all affected individuals were safe, but the repeated outages have raised significant alarms. The first incident took place on September 18, when a firewall upgrade blocked approximately 600 emergency calls across multiple states for 13 hours, resulting in at least four fatalities.

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Calls for CEO Stephen Rue’s resignation have intensified, with opposition spokeswoman Melissa McIntosh stating that citizens need confidence in the emergency network.

Prime Minister Anthony Albanese described the situation as “completely unacceptable.” The response from Optus has faced criticism, especially regarding the delay in notifying emergency services after the September 18 incident.

Efforts to address the failures are underway, with Singtel Group CEO Yuen Kuan Moon scheduled to meet with Australian Communications Minister Anika Wells. The Australian Communications and Media Authority has launched an investigation into the outages.

Governance experts caution that merely replacing leadership will not resolve underlying issues, suggesting that reduced spending on network infrastructure is a contributing factor.

Federal Investigation

New scrutiny has emerged regarding Optus’s network investment, with reports indicating a budget decrease from $850 million in 2024 to $613 million this year.

Concerns have been raised about the absence of critical safety mechanisms, including a reliable system to reroute emergency calls when failures occur.


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Meta intensifies robot development amidst competitive landscape

Meta enters robotics market with strategic partnerships and significant investments amid competition from Tesla, Apple and Google

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Meta enters robotics market with strategic partnerships and significant investments amid competition from Tesla, Apple and Google

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In Short:
– Meta is launching autonomous robots, beginning with a CA-1 AI robot in Germany for domestic tasks.
– The company plans to hire 100 engineers as part of a $60-65 billion AI investment for 2025.
Meta ventures into robotics, joining a market where Tesla’s Optimus robot showcases in controlled settings. Apple is also exploring robotic devices, with planned humanoid concepts by 2027.
Google is advancing robotics via DeepMind with AI models tailored for robotics applications.Banner

Meta recently launched its first autonomous robot in Germany through a partnership with Circus SE, deploying a CA-1 AI robot at its Munich office.

The initiative is part of Meta’s objective to gather data to support its robotics focus on domestic tasks such as cleaning and laundry folding.

Strategic Investment

Industry analysts point to Meta’s software-licensing strategy as crucial in the competitive landscape, where firms often encounter challenges with hardware costs.

By positioning itself to gain from various robotics manufacturers’ successes, Meta utilises lessons from its virtual reality investments, which have seen substantial spending with limited consumer uptake.

The company is set to hire around 100 engineers for its robotics programme within a broader $60-65 billion AI infrastructure investment plan for 2025.

The indicates a strong commitment to integrating AI into physical applications.


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