Governance
Top tech news stories today: May 15, 2024
Stay ahead with today’s top tech stories: Google’s Trillium chip, Meta’s AI shift, Musk’s xAI Oracle deal, and the IoT Congress in Barcelona.
Headline
Stay ahead with today’s top tech stories: Google’s Trillium chip, Meta’s AI shift, Musk’s xAI Oracle deal, and the IoT Congress in Barcelona.
Context
From Google’s revolutionary Trillium chip and Meta’s strategic pivot to AI and the metaverse, to Elon Musk’s xAI securing a massive Oracle deal and the transformative Internet of Things Solutions World Congress in Barcelona, stay ahead with today’s top tech stories. North Korea laundered $147.5 million through Tornado Cash in March after stealing it from a cryptocurrency exchange last year. U.N. monitors are investigating 97 suspected North Korean cyberattacks on cryptocurrency companies between 2017 and 2024, totaling approximately $3.6 billion in theft. ( U.S. News )
Evidence
Pending intelligence enrichment.
Analysis
Google’s parent Alphabet introduced Trillium, a new AI data centre chip nearly five times faster than its predecessor. CEO Sundar Pichai highlighted the exponential growth in machine learning demand. The Trillium chip, more energy-efficient and powerful, will be available to cloud customers in late 2024. ( Yahoo!Finance ) Adam Selipsky, head of Amazon Web Services (AWS), will step down on June 3, 2024, after three years. Matt Garman, Senior Vice President of Sales and Marketing at AWS, will replace him. Under Selipsky, AWS doubled its sales and operating income. He leaves to spend more time with family. ( Reuters ) The FCC resolved investigations into unauthorised America Movil Submarine Cable System connections to Colombia and Costa Rica. LATAM Telecommunications and Puerto Rico Telephone Company will each pay $1 million in penalties for bypassing required national security reviews. The FCC highlighted the importance of scrutinising undersea cables for security risks. ( Yahoo!Finance ) IQ Fiber completed Phase 1 network deployment, serving over 60,000 residences in Jacksonville. Expansion continues in Arlington, Ft. Caroline, Ponte Vedra, and Fruit Cove, plus San Pablo and Intracoastal West. It now serves over 100 private communities and launched in Gainesville, marking its first expansion outside Jacksonville. The company has grown to over 140 employees. ( Capacity )
Key Points
- Fintech
- 1. Exclusive: North Korea laundered $147.5 mln in stolen crypto in March, say UN experts
- IT infrastructure
- 2. Google launches Trillium chip, improving AI data centre performance fivefold
- 3. Amazon’s cloud unit chief to step down after three years
Actions
Pending intelligence enrichment.
