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UK’s state investments agency hit by data breach
Security lapse leaves sensitive information and contact details of 51 government officials exposed for 40 hours The public body in charge of the UK’s state investments has been pushed to improve its internal security after a data breach left “high-level management information” publicly accessible for nearly two days. UK Government Investments (UKGI), the agency that…
Rogue OpenAI agent that hacked startup tried to attack other firms
ChatGPT developer says activity by autonomous tool was not at severity or scale of what occurred at Hugging Face OpenAI has revealed that a cyber-attack carried out by a rogue AI agent had more than one victim. The ChatGPT developer said the agent – an autonomous tool able to carry out sequences of commands without…
Tesla’s profits slide despite growing revenue as it pivots to robotics and AI
Shares in Elon Musk company fall more 3% in after-hours trading, as earnings per share miss Wall Street expectations Tesla reported its second-quarter earnings on Wednesday, disclosing far lower profits than expected. The company’s already beleaguered stock, which had fallen about 14% this year to date, dipped further following the earnings report. Elon Musk’s automaker,…
UK tech advocates alarmed by Burnham plan to scrap technology department
MPs and industry experts say potential reorganisation will waste time at critical moment for AI and economic growth Andy Burnham’s plan to scrap the government’s technology department has triggered an angry backlash from MPs, Whitehall officials and tech experts. The incoming prime minister has asked officials to draw up plans to abolish the Department for…
Apple dethrones Nvidia to regain title of world’s most valuable company
Shift in pecking order illustrates that investors are reassessing outlook for artificial intelligence Apple overtook Nvidia on Friday to become the world’s most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence. Apple was last valued at $4.88tn as its shares held steady, while Nvidia was roughly…
IBM loses quarter of its value as tech giant’s shares plunge and profits falter
IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft Shares in IBM plunged more than 25% on Tuesday after the US tech giant released disappointing preliminary second-quarter results. IBM’s stock was on track for an even steeper single-day decline than it suffered during the 1987 “Black Monday” crash. IBM…
OpenAI’s apparent failure to visit key site raises questions over UK investment
Exclusive: £20bn of ‘potential’ £30bn AI investment touted by UK ministers appears to have been hypothetical It was to be the biggest undertaking in Britain for OpenAI, the company behind ChatGPT. Stargate UK – a multibillion-pound UK datacentre project – would represent “a major step forward in the US-UK technology partnership”. But the plans were…
Tesla sales surpass expectations for second quarter as Musk backlash seems to cool
Strong figures suggest Tesla’s auto business is regaining momentum after two straight annual sales declines Tesla blew past Wall Street estimates for second-quarter deliveries on Thursday, posting a record for the period as recovering demand in Europe outweighed persistent weakness in North America. The strong figures suggest Tesla’s mainstay auto business is regaining momentum after…