Governance

Top tech news stories today: June 25, 2024

ByteDance, the parent company of TikTok, has teamed up with Broadcom to develop a cutting-edge 5-nanometer AI processor.

AuthorSylvia Shen

Reading Time4 min

PublishedJune 25, 2024

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Headline

ByteDance, the parent company of TikTok, has teamed up with Broadcom to develop a cutting-edge 5-nanometer AI processor.

Context

Kanav Kariya resigned as president of Jump Crypto amid a CFTC investigation and a history of significant challenges, including the Wormhole hack, the Terra ecosystem collapse, and concerns over FTX exposure. ( Cointelegraph ) During RIPE 88, IPv6 stockpiling was addressed, leading to RIPE NCC prioritising policy enforcement for IPv6 allocation transfers. From June 17, 2024, parties must justify new allocation needs or demonstrate existing utilisation for transfer requests, ensuring compliance with RIPE policies. ( RIPE NCC )

Evidence

Pending intelligence enrichment.

Analysis

Indonesia’s national data center was hacked, affecting over 200 government agencies since June 20. Hackers demand an $8 million ransom, which the government refuses to pay. Some services, like immigration, are restored. ( APnews ) Foxconn Singapore has secured a US$383 million license to build a factory in Vietnam’s Bac Ninh province, producing 2.79 million printed circuit boards annually. With over US$3.2 billion invested in Vietnam, Foxconn’s new plant adds to its significant presence in the region, including 5G equipment production for Nokia. ( The Straits Times ) Major record labels Sony Music, Universal Music Group, and Warner Records sued AI companies Suno and Udio for copyright infringement, alleging they used music recordings without permission to train AI systems. ( CNBC ) Apple and Meta are not currently in talks for an AI partnership, Bloomberg News reported. Apple rejected Meta’s proposal to integrate its Llama chatbot into iPhones due to privacy concerns. ( Bloomberg )