Tech

Lockbit cybercrime gang faces global takedown and arrests

Published

2 years ago

February 21, 2024

In a major operation led by Britain’s National Crime Agency and the FBI, members of the notorious Lockbit ransomware gang have been arrested and indicted.

The United States has charged two Russian nationals for deploying Lockbit ransomware against numerous companies and groups worldwide, while police in Poland and Ukraine have made two additional arrests.

The joint efforts of the NCA, U.S. Department of Justice, FBI, and Europol culminated in the disruption of the Lockbit gang, which has targeted over 2,000 victims globally, amassing over $120 million in ransom payments and demanding hundreds of millions more, according to the DOJ.

The NCA Cyber Division, in collaboration with U.S. authorities, seized control of Lockbit’s websites and infrastructure, even utilizing the gang’s own website to release internal data about the group.

International coalition

Operation Cronos, as the takedown was named, involved an international coalition of 10 countries.

It resulted in arrests, indictments, and sanctions against perpetrators, as well as unprecedented access to Lockbit’s systems, the NCA revealed.

Ransomware, like that employed by Lockbit, encrypts data and extorts payment from victims for decryption.

Lockbit’s affiliates, recruited by the gang, conduct attacks and share ransom proceeds, usually in cryptocurrency.

Tech

Apple’s AI wearable push: Cameras, speakers and a 2027 vision

Apple is developing an AI-powered wearable device, aiming for a launch of 20 million units in the growing AI market.

Published

22 hours ago

January 22, 2026

Harvey Vargas

Apple is developing an AI-powered wearable device, aiming for a launch of 20 million units in the growing AI market.

Apple is reportedly developing an AI-powered wearable device equipped with cameras and speakers, signalling its next major move into artificial intelligence-driven hardware.

While still in early development, the company is said to be planning a launch scale of up to 20 million units.

This move places Apple squarely into the fast-growing AI wearable market, where tech giants are racing to define what hands-free, AI-first devices will look like. Rather than rushing to market, Apple appears to be taking a measured approach by embedding AI capabilities into its existing ecosystem.

Reports suggest Apple is also experimenting with camera-equipped AirPods and smart glasses, with a potential launch timeline around 2027. If successful, these devices could reshape how users interact with AI in everyday life.

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#Apple #AIWearables #AppleAI #TechNews #SmartGlasses #AirPods #FutureTech #Ticker

Tech

AI spending in 2026: Why investment is compounding, not just cyclical

As 2026 begins, AI investment debates rise; real revenue growth signals pivotal changes for tech adoption and future trends.

Published

2 days ago

January 21, 2026

Harvey Vargas

As 2026 begins, AI investment debates rise; real revenue growth signals pivotal changes for tech adoption and future trends.

As we kick off 2026, the debate around AI spending is heating up. Skeptics warn of cyclical hype, but new evidence suggests that AI investment is delivering real revenue and gaining traction across enterprises. Brad Gastwirth from Circular Technologies breaks down why this year could be pivotal for AI adoption.

We dive into how AI spending today compares to previous tech booms, the impact of circular funding models, and why enterprise and sovereign demand are driving durable growth. Brad explains the compounding effect of AI investment and what it means for future technological development.

Finally, we explore the race toward AGI and ASI and the broader implications for the tech landscape. From skeptics to believers, understanding these trends is key for investors, businesses, and tech enthusiasts alike.

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#AIInvestment #TechTrends2026 #ArtificialIntelligence #EnterpriseAI #FutureTech #AGI #TechBoom #CircularFunding

Tech

TSMC posts record profits on AI chip boom

TSMC posts record Q4 profit, driven by strong chip demand, exceeding predictions and signaling market dominance.

Published

7 days ago

January 16, 2026

Harvey Vargas

TSMC posts record Q4 profit, driven by strong chip demand, exceeding predictions and signaling market dominance.

Taiwan Semiconductor Manufacturing Company (TSMC) has posted a record net profit for the fourth quarter, driven by strong demand for advanced chips.

Net profit surged 35% year-on-year, exceeding analyst expectations and signalling a dominant position in the semiconductor market.

Quarterly revenue also rose 20.5% compared to last year, supported by robust sales in AI and high-performance computing segments. The company’s success reflects the growing global appetite for cutting-edge semiconductor technology.

Looking ahead, TSMC plans to ramp up capital expenditure, projecting investments of up to $56 billion in 2026. The positive results have sparked an upbeat reaction across global markets, highlighting TSMC’s influence in the tech sector.

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#TSMC #Semiconductors #AIChips #TechNews #HighPerformanceComputing #StockMarket #QuarterlyEarnings #TechInvesting