Hope King joined us from the Next Web Conference, an event for technology, communication, and media businesses. One of the hot topics at the event was cybersecurity and the threats facing businesses heading into the new year. Chris Young, CEO at McAfee, spoke with us about some of the biggest trends in the space.
2017 was a year riddled with cyberattacks. Young puts the WannaCry breach at the top of the list of worst hacks for the year. In the year ahead, he expects the next wave of attacks will be the use of I.o.T devices to figure out how to physically steal something from an organization. Young also sees artificial intelligence being utilized by criminals to learn how to better attack us.
Young also discussed the culture of security in corporations. He says it is a missing piece for many organizations, adding that it is important that they build an appreciation of security into their culture. The McAfree CEO says his best advice is to "assume you've been hacked" and work from there.
Phoebe Gates and Sophia Kianni introduce Phia, a fashion tech startup that helps users find price comparisons and discover alternative options for apparel
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Microsoft says users of its Azure cloud portal may be not be able to access Office 365, Minecraft or other services due to issues with its global content delivery network services. The tech company posted a note to its Azure status page that its teams are currently deploying a fix to address the outage.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
A new poll finds that as the United States rapidly builds massive data centers for the development of artificial intelligence, many Americans are concerned about the environmental impact.
