Cybersecurity has been a hot topic in America over the past year. With more and more hacks going public, what role does the government play in creating regulation? Megan Stifel, Senior Fellow at Atlantic Council and former Cybersecurity Policy Adviser at the White House National Security Council joins Cheddar to discuss the relationship between Washington DC and cybersecurity.
In her experience, Stifel says the government's effort to create regulations hasn't gone according to plan. She believes it's better suited to act as a convener, not as the end-all-be-all of regulation. The government can require that standards exist within industries, but shouldn't be setting the specific standards themselves.
Plus, 240 bills and resolutions related to cybersecurity were introduced across 42 states in 2017. So will the states have a major influence on the government's regulation decisions? Stifel says it's likely we'll see federal data breach requirements coming out of the sitting congress in the next year or so. Overall though, she says there is a shortage in cybersecurity experts and more research needs to go into this sector.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Federal Trade Commission has launched an inquiry into several social media and artificial intelligence companies about the potential harms to children and teenagers who use their AI chatbots as companions.
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
Ali Kashani, CEO of Serve Robotics, dives into their $63.3M acquisition of Vayu Robotics and how it's accelerating the future of autonomous delivery systems.
