The U.S. Federal Trade Commission said it's too easy for fraudsters to launch "child in trouble" and romance scams, so it has proposed rule-making that would give the agency new authority to sue in federal court any technology providers that facilitate impersonation fraud.
Venture-capital owned Armis, a firm that touts its ability to prepare companies for attacks before they materialize, acquired cybersecurity startup CTCI in a transaction approaching $20 million. Armis will merge CTCI employees and technology over the next 30 days.
Data security vendor Cohesity will acquire the data protection business of Veritas in a stock and debt transaction resulting in a combined firm by the end of this year, the companies announced Thursday. The deal values the combined company at approximately $7 billion.
Hewlett Packard Enterprise announced a $14 billion acquisition deal with networking equipment maker Juniper Networks and is touting the deal as a way to position the Silicon Valley stalwart for the burgeoning artificial intelligence market. The transaction values Juniper at $40 per share.
EU officials announced a compromise over a regulation on artificial intelligence in the works since 2021, making the trading bloc first in the world to comprehensively regulate the nascent technology. Europe understands "the importance of its role as global standard setter,” said Thierry Breton.
The British antitrust authority is conducting a preliminary review of Microsoft's interest in OpenAI. The agency will examine whether the companies' partnership means Microsoft has material influence or whether it in effect controls more than half of OpenAI voting rights.
Artificial intelligence poses a global risk of extinction tantamount to nuclear war and pandemics, say a who's who of artificial intelligence executives in an open letter that evokes danger without suggesting how to mitigate it. Among the signatories are Sam Altman and Geoffrey Hinton.
The chief executive of the company behind generative artificial intelligence tool ChatGPT called for global regulations, including licensing, in testimony before a U.S. congressional panel. The Biden administration is already investigating mechanisms to ensure an "AI accountability ecosystem."