Apple is weighing whether to let Google power the brain of Siri, a move that would mark a stunning break from its long-held strategy of building artificial intelligence (AI) in-house. The iPhone maker is in early talks to license Google’s Gemini models to run on its servers, Bloomberg reports. The deal would give Siri a new backbone after years of delays and false starts, while thrusting Apple into an uneasy alliance with its fiercest rival. Shares of both companies jumped on the news. Google (GOOGL) climbed 2.9% to $205.46 in New York trading Friday, while Apple (AAPL) rose 1.4% to…
Author: HenryKanapi
Ransomware Gang Wields Generative AI To Target 113 Firms Worldwide, Warns Fortune 500 Cybersecurity Firm A Fortune 500 cybersecurity giant is sounding the alarm after investigators confirmed that a ransomware crew relied on generative AI to accelerate its campaign against more than one hundred organizations worldwide. In its Q2 Threat Report, Gen Digital notes that FunkSec first appeared late last year, initially focused on data theft and extortion rather than encryption. The gang’s leak site listed its first victim in December, with attacks expanding into the new year. At least 113 companies across the U.S., Italy, Spain and Brazil were…
The world’s largest asset manager is making a colossal bet on artificial intelligence, with regulatory filings showing more than $1.13 trillion allocated across the biggest names in the sector. The latest 13-F filing from the U.S. Securities and Exchange Commission (SEC) shows that BlackRock holds $301.72 billion in Nvidia (NVDA), amounting to over 1.9 billion shares. Nvidia is the dominant supplier of GPUs that power modern artificial intelligence applications, and its stock has soared on the back of AI demand. BlackRock’s second-largest AI holding is Microsoft (MSFT), with $289.28 billion deployed into 581.6 million shares. The tech giant has cemented…
Billionaire investor Stanley Druckenmiller has deployed more than a quarter-billion dollars across three stocks through his Duquesne Family Office, a new SEC filing shows. The firm’s Q2 13F filing shows positions worth $256.45 million in Microsoft, Broadcom and one semiconductor tied to the AI boom. According to the document, Duquesne bought 200,930 shares of Microsoft valued at $99.9 million from April to June of this year. In its latest earnings report, the firm said revenue climbed 18% to $76.4 billion for the quarter ended on June 30, 2025. Net income reached $27.2 billion, up 22% year-over-year, as diluted earnings per…
Billionaire investor Chamath Palihapitiya launches a new blank-check company called American Exceptionalism Acquisition Corp., filing with the SEC to raise $250 million through an initial public offering. In a letter to investors, Palihapitiya says the vehicle is targeting four sectors he considers central to maintaining U.S. supremacy: energy production, artificial intelligence, decentralized finance and defense. The filing shows the SPAC is offering 25 million units at $10 each, creating a $250 million pool to take a private company public. Palihapitiya warns the deal carries substantial risk and says the vehicle is most suitable for institutional investors or retail participants who…
Fraud losses tied to synthetic identities are on track to more than double by the end of the decade, according to a new study from Juniper Research. The report forecasts global losses will surge 153%, climbing from $23 billion in 2025 to $58.3 billion in 2030. Researchers say the rise stems from criminals using artificial intelligence (AI) to forge convincing personas built from stolen and fabricated data. Synthetic identity fraud allows attackers to slip past static verification systems by blending real and fake details, opening accounts and stealing funds before detection. Juniper warns that AI tools now accelerate this process,…
Two US senators press for a congressional investigation into Meta Platforms after a report reveals internal guidelines that permit company chatbots to engage in romantic or sensual conversations with children. Meta confirms the document’s authenticity but says the examples are erroneous and inconsistent with its policies, Reuters reports. The company says it removed the portions earlier this month after Reuters raised questions. Senator Josh Hawley of Missouri calls the disclosure grounds for “an immediate congressional investigation,” writing on X that “only after Meta got CAUGHT did it retract portions of its company doc.” Senator Marsha Blackburn of Tennessee also voices…
Bank of America’s AI assistant Erica tops three billion client interactions, underscoring the bank’s heavy reliance on automation while reducing demand for human service. Launched in 2018, Erica now averages more than 58 million interactions per month and has assisted nearly 50 million users, according to Bank of America. Clients have spent more than 18.7 million hours conversing with the virtual assistant, which the bank says provides accurate answers in 98% of cases. Executives say the tool helps clients manage spending, budgeting, and investments, while easing pressure on call centers. “Erica has been learning from our clients for many years,…
Microsoft is racing the clock on quantum security, pledging to shield its cloud and software by 2029, four years before its own full transition deadline and two years ahead of U.S. government mandates. The strategy, revealed this week in Microsoft’s Quantum Safe Program, commits to enabling quantum-safe capabilities across its products and services before the decade closes, with full transition targeted by 2033. By comparison, the National Security Agency (NSA) requires quantum-safe algorithms in all new national security systems by 2027 under Committee on National Security Systems Policy 15, but most government timelines do not project completion until 2035. The…
A top technology analyst at Wedbush Securities says the stock market’s current sell-off won’t derail the biggest wave in modern investing. Dan Ives of Wedbush, a Los Angeles-based investment firm with $5.7 billion in assets under management, argues artificial intelligence marks the start of the fourth industrial revolution, one he values as a trillion-dollar opportunity. “This is the fourth industrial revolution,” Ives tells CNBC. “I view this as a trillion-dollar opportunity that we’re just starting to see play out.” “This is not dot-com. This is not crypto. This is not 3D printing,” he says. “This is as transformational as it…