Car Dealership Cyberattacks and a New AI Research Lab | Bloomberg Technology

21 Jun 2024 (3 months ago)

Cyberattacks

Car dealerships across the US are affected by a second cyberattack, halting services after an initial attack compromised software platforms.
A series of cyberattacks targeting customer service software providers in the healthcare sector and other seemingly innocuous companies is causing significant disruptions in supply chains.

OpenAI co-founder Ilya Sutskever has disclosed plans to establish a new research lab focused on artificial general intelligence.
Anthropic, a rival AI company, has released a new language model that claims to surpass OpenAI's models in reasoning and math evaluations.
Heygen is an AI video generation platform that allows users to create realistic-looking avatars and videos without the need for a camera or studio.

Dell announced the construction of an AI factory in collaboration with NVIDIA to support Elon Musk's X AI project.
Michael Dell announced the creation of an AI factory powered by NVIDIA GPUs.
Supermicro is also benefiting from the AI factory news.

Nancy Tengler, portfolio manager at Heartland Advisors, discussed her investment strategy and views on the technology sector.
Tengler explained her decision to invest in Dell and Broadcom, emphasizing the potential growth in AI infrastructure and the valuation metrics of these companies.
She believes that artificial intelligence will augment workers rather than displace them, particularly in professional roles within the banking sector.
Tengler expressed concerns about the state of the low-end consumer due to persistent inflation and declining full-time jobs, hours worked, and wages.

Eight former SpaceX employees who were fired in 2022 have filed a lawsuit against the company and Elon Musk, alleging sexual harassment and retaliation.
The plaintiffs claim that Elon Musk's tweets significantly impact day-to-day work functionality at SpaceX.
The former employees are suing for accountability and to create a safer workplace for marginalized groups.

The global fintech industry is experiencing a bifurcation, with the US market showing signs of recovery and optimism, while Europe faces a slower growth environment.
Legacy finance institutions in Europe are less active in supporting growth equity opportunities compared to the US.
Artificial intelligence (AI) presents significant opportunities within financial services, particularly in areas with high volumes of repetitive interactions and data analysis.
Portage, a global fintech focus firm, is investing in AI and RentTech, seeing potential for technology disruption in these areas.

The YouTube video discusses the use of AI technology to combat misinformation, disinformation, harassment, child safety, and political issues on the platform.
The company does not allow any political content on the platform and is actively working to develop best practices to combat misinformation and AI misuse.