As self-driving technology makes its way to the forefront of our society, many are forgetting to think about the cybersecurity risks involved. Ang Cui, CEO at Red Balloon Security, joins Cheddar to discuss some of the threats we need to take into account before hitting the road.
Cui explains most autonomous cars have dozens of electronic control units that run a range of functions. However, many of those tiny computers don't have sufficient security to protect against hackers. Financial information may even be at risk when, in the future, you link your credit card with your car to pay for tolls or parking.
In related news, Blackberry recently announced the launch of a cybersecurity product named Jarvis, which will try to stop driverless cars from being hacked. Cui talks about the future of this type of software and how security companies will start launching products similar to Jarvis.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
