Governance

Top tech news stories today: May 10, 2024

Welcome to today’s tech news roundup, featuring Canada’s action against Binance and Apple’s latest strides in AI and cloud computing.

AuthorSylvia Shen

Reading Time3 min

PublishedMay 10, 2024

Primary DomainN/A

Content TypeN/A

TopicN/A

EntityN/A

RegionN/A

Time HorizonN/A

ImpactN/A

ConfidenceN/A

Headline

Welcome to today’s tech news roundup, featuring Canada’s action against Binance and Apple’s latest strides in AI and cloud computing.

Context

Welcome to today’s roundup of major tech news. From Canada’s significant enforcement action against Binance to Apple’s latest advancements in AI and cloud computing, we’re covering the dynamic shifts and innovations that are shaping the technology landscape. Canada’s FINTRAC fined Binance $4 million for breaching money laundering laws, failing to register, and not reporting transactions properly. This follows its cessation in Canada and comes after its former CEO’s U.S. sentencing and financial penalties. ( Reuters )

Evidence

Pending intelligence enrichment.

Analysis

Apple is deploying its M2 Ultra chips in data centres for complex AI queries, transitioning to advanced M4 chips later. With emphasis on AI, Apple has kept pace with competitors, enhancing AI capabilities on devices while ensuring security and privacy in data processing, outlined in its Project ACDC. ( The Verge ) Tract has acquired 1,200 acres in Virginia to develop a 2.4GW data centre, aiming for completion by 2028. This development, known as Hanover Technology Park, aligns with local industrial plans to maximise benefits and minimise community impact. ( Capacity ) A provisioning error at Google Cloud caused a week-long outage for UniSuper, deleting its Private Cloud and affecting service across two locations. UniSuper assured that investments continued normally and funds remained secure, with restoration efforts ongoing. ( Network World ) Huawei’s latest high-end smartphone, the Pura 70 Pro, showcases an increase in Chinese-made components, signaling progress towards China’s tech self-sufficiency. A teardown by iFixit and TechSearch revealed the use of a Huawei-made Kirin 9010 chipset and other domestic parts, reflecting a strategic shift amidst ongoing US-China trade tensions. ( SCMP )