Intel creates “Intel Product Assurance and Security” to mitigate vulnerabilities in its chips

In an increasingly digital world, cyber criminals exploit vulnerabilities to gain access to critical resources to carry out their nefarious deeds. A Oregonian newspaper reported citing a memo sent by Intel Corp to its employees, that the chipmaker plans on creating a new internal cybersecurity group in the wake of recently disclosed vulnerabilities in its…

Cryptocurrencies are fuelling the North Korean economy

With tightening sanctions, China’s ally, North Korea, is increasingly banking on cryptocurrencies to infuse cash into its economy. In a development that marks the latest signs of North Korea’s search for ways to infuse its economy with cash, a California-based cybersecurity firm disclosed that it has come across software code that appears to install code…

Nvidia Corp consolidates and expands its position in the self-driving technology chip market

By expanding its partnerships with companies involved across the supply chain of the self-driving car market, Nvidia is rapidly expanding its footprint in this emerging segment. Aimed at increasing its footprint in the emerging autonomous vehicle industry, Nvidia Corp stated it will partner with Volkswagen AG and Uber Technologies Inc to bring about further gains…

South Korea’s FSC and FSS carry out joint inspections on 6 banks trading in virtual currency

Institutions found not in compliance faces penal measures, including shutting down of operations. On Monday, South Korea’s financial regulator stated it has jointly carried out inspections on six local banks that offer virtual currency services, including opening of accounts, to institutions. In a press conference, South Korea’s Financial Services Commission (FSC) and Financial Supervisory Service…

Exploitable vulnerabilities in CPUs put the bulk of modern mobile devices at risk

Security analysts have warned that hackers are likely to very quickly add exploit code for these vulnerabilities to their hacking tool set. While the updates for the Meltdown vulnerability has been made available for download from Google, Microsoft, and Apple, the patch for the more dangerous and difficult to plug named Spectre, still remains elusive.…

Amazon.com and Alphabet’s Google fought for market share this holiday shopping season

Analysts opine that consumers would largely prefer mid ranged priced smart speakers over one that costs hundreds of dollars. According to analysts, both Amazon.com and Alphabet Inc have heavily discounted their virtual assistant speakers during the U.S. holiday shopping season such that they have lost many dollars per speaker sold. The development underscores a sharp…

China to invest $2.12 billion for Artificial Intelligence park in Beijing’s Mentougou district

China wants to attract talent in AI areas of biometric identification, cloud computing, big data and deep learning and wants to apply them in military technology in order to gain a leverage over the United States. China is pushing ahead to fulfill its ambition of becoming a world leader in Artificial Intelligence by 2025 and…

Israel’s flag carrier El Al Israel Airlines Ltd to commence non-stop flights between Tel Aviv and San Francisco

With Israel being home to one of the biggest tech sectors in the world, the carrier is strategically re-branding itself and expanding its footprint in North America. On Wednesday, Israeli Airlines El Al Israel Airlines Ltd stated it will commence nonstop flights between Tel Aviv and San Francisco as it continues to expand its footprint…