Ai in government

Share to Twitter Share to Linkedin Does the 100 million user ChatGPT ai-powered chatbot represent a cybersecurity risk, given that it can create malicious code as well as phishing emails? This reporter took the question straight to the machine. Newly published research from BlackBerry suggests that the AI-powered ChatGPT bot could pose a cybersecurity threat. "It’s been well documented that people with malicious intent are testing the waters," Shishir Singh, the chief technology officer for cybersecurity at BlackBerry, said. Singh went on to say that BlackBerry expects to see hackers get much better at using the writing tool for nefarious purposes over the course of 2023. And Singh is not alone: the survey of IT experts across North America, the U.K., and Australia saw 51% in agreement that a ChatGPT-powered cyberattack is likely to happen before the end of the year, while 71% said they thought nation-states are probably already employing the technology … [Read more...] about Does ChatGPT Pose A Cybersecurity Threat? Here’s The AI Bot’s Answer

Share to Twitter Share to Linkedin Topline Identity management company Okta announced plans on Thursday to lay off roughly 300 employees, one day after FedEx, DraftKings, cloud data company NetApp and automaker Rivian all announced major rounds of layoffs—the latest U.S. companies to implement job cuts as recession fears continue into 2023. Timeline February 2 Okta CEO Todd McKinnon unveiled plans to reduce the tech company’s workforce by 5% (roughly 300 positions) in a Securities and Exchange Commission filing on Thursday, citing a period of over-hiring over the past several years that did not account for the “macroeconomic reality we’re in today.” February 1 NetApp , a San Jose, California-based cloud data company, announced plans in an SEC filing to lay off 8% of its staff ( estimated to affect 960 employees) by the end of the fourth fiscal quarter of 2023 “in light of the macroeconomic challenges and reduced spending environment.” … [Read more...] about 2023 Layoffs: Okta Slashes 300 Jobs As DraftKings, FedEx Cut Staff

(Representative Image) The central government has directed Tata-led Air India's management to deduct Rs 95,000 per month from the employees overstaying in the official accommodation at Vasant Vihar Colony in Delhi after the last notice by the government to vacate by July 26, 2022, as per a report by the Economic Times . The employees will incur the deduction from the month of October. Moneycontrol could not independently verify this news development. A person aware of the development told ET that salaries would be deducted according to the directions from the government from this month. "Deductions are in the range of upto Rs 95,000 per month. Many employees will not even get a salary after this," an Air India staffer residing in Vasant Vihar colony said. Moneycontrol could not independently verify this news development. Disinvestment did not include residential colonies, and the government has relocated the properties to Air India Asset Holdings Limited along … [Read more...] about Govt asks Air India to charge employees Rs 95,000 a month for overstaying in official accommodation

Share to Twitter Share to Linkedin Key News Asian equity markets were broadly higher as Taiwan and South Korea outperformed. The European Central Bank (ECB), and the Bank of England (BOE), followed the Fed’s +25bps interest rate hike with a higher, +50bps rate hike, while the Hong Kong Monetary Authority (HKMA) mirrored the US with a +25bps rate hike. Meanwhile, CNY, China’s currency that trades during local market hours, gained +0.27% versus the US dollar to close at 6.72 CNY per USD, while the Asia Dollar Index fell -0.09% versus the US dollar. Shanghai, Shenzhen, and Hong Kong opened higher but slid to close down slightly/mixed on little news. Hong Kong-listed internet stocks were mixed as the Hang Seng Tech Index managed a small gain as Hong Kong’s most heavily traded stocks were Tencent, which fell -0.52%, Meituan, which fell -1.94%, Alibaba, which fell -0.91%, and Baidu, which gained +4.99%, riding the ChatGPT-like AI search announcement and … [Read more...] about CNY Rallies, ECB & BOE Hike Interest Rates

Share to Twitter Share to Linkedin Week in Review Asian equities started the week off lower and then rallied higher in the middle of the week as central bank rate hikes dominated market news, though China maintained its easing stance. January Manufacturing PMI, reported on Monday, was 50.1 versus expectations of 50.1 and December’s 47, while the Non-manufacturing (Service) PMI was 54.4 versus expectations of 52 and December’s 41.6. Both indicated an expansion, which was more pronounced in services. Baidu BIDU announced Tuesday that it would be rolling out a Chat GPT-like AI search feature. China’s currency rallied this week on reopening and an increase in demand for RMB-denominated assets. Friday’s Key News Asian equities had a strong night as India rebounded. Concerns of Adani’s implosion leading to a broader crisis lessened, though Mainland China and Hong Kong underperformed. Asia saw impressive equity performance overnight as Amazon … [Read more...] about Consumer Rebound Rolls On, Week In Review