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News on Medial
Blue screens everywhere are latest tech woe for Microsoft
Livemint
·
1y ago
Medial
Microsoft's Windows operating system experienced a major outage on Friday, impacting millions of computers globally. The issue was caused by a faulty update sent by cybersecurity firm CrowdStrike to its corporate clients. Microsoft confirmed that 8.5 million Windows machines were affected, disrupting various industries including healthcare, media, and restaurants. This incident highlights the vulnerability of Microsoft's software and has raised concerns about the company not taking security seriously enough. Experts compare Microsoft's open design approach with Apple's closed ecosystem, suggesting that Apple's focus on security gives it an advantage in avoiding such technical failures.
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The EU Is Coming for X's Paid Blue Checks
Wired
·
1y ago
Medial
The European Union has accused social media network X, owned by Elon Musk, of allowing the abuse and deception of users through its paid-for blue checks. The EU states that this practice violates the Digital Services Act and threatens to fine the company unless changes are made. Blue checks were previously used to verify the identity of influential accounts, but Musk introduced a subscription model that allowed anyone to buy a blue tick. Despite some changes to the verification system, the EU claims that X's practices do not align with industry standards. This is the latest reprimand issued by the EU to big tech companies.
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EU's new tech laws are working - small browsers gain market share
Economic Times
·
1y ago
Medial
Independent browser companies in the European Union are experiencing increased users in the first month after new EU legislation required tech giants like Google, Microsoft, and Apple to allow easier switching to rival browsers. The EU's Digital Markets Act came into effect on March 7, forcing big tech companies to offer mobile users a choice of available web browsers. Data from six companies, including Aloha, Vivaldi, Ecosia, and Brave, indicates a surge in user numbers. However, some companies have criticized the slow rollout and design of the choice screens by Apple and Google.
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Apple Targets Sept. 10 Debut for New iPhones, AirPods and Watches
Livemint
·
11m ago
Medial
Apple is reportedly planning to host its largest product launch event of the year on September 10. Although the tech giant has not officially announced the date, sources familiar with the matter have revealed that the event will showcase the latest iPhones, watches, and AirPods. Following the launch, the new devices are expected to be available for purchase on September 20. This release is crucial for Apple, as it aims to boost sales which have been sluggish in recent quarters. The new iPhones will feature larger screens and improved camera capabilities, while the Apple Watch and AirPods will undergo significant changes. Additionally, Apple plans to transition its Macs to M4 processors later this year.
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Bill Gates predicts AI to replace both blue and white-collar jobs
Economic Times
·
3m ago
Medial
Bill Gates, in a podcast with Nikhil Kamath, predicted that AI advancements will reduce reliance on human labor in both blue and white-collar jobs within the next 20 years. He envisions a future with fewer job shortages, particularly in fields like medicine and teaching, leading to greater leisure and shorter workweeks. Gates emphasizes the need for a philosophical rethinking of time use, amidst global tech workforce reductions by giants like Microsoft and others.
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Startup and news updates: Daily roundup (January 6, 2025)
YourStory
·
7m ago
Medial
The latest startup developments highlight innovations from new ventures and funding announcements. BorderPlus, led by Kumar and Mathur, focuses on global mobility for blue-collar workers. Accel's new $650M fund targets early-stage startups. TSAW Drones and Consint.AI secure fresh capital, signaling advancements in drone deliveries and healthcare AI. Meanwhile, leadership appointments and partnerships in various sectors emphasize strategic growth and innovation, including Odisha's new mobility app and Wardwizard's battery tech collaboration with C4V.
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Working closely with CrowdStrike to bring systems back online: Microsoft CEO Satya Nadella
Economic Times
·
1y ago
Medial
Microsoft is working with CrowdStrike to resolve a global outage caused by a recent update released by CrowdStrike. CEO Satya Nadella stated that they are collaborating to bring affected systems back online safely. The outage impacted various industries, including airlines and hotels, and resulted in Windows users experiencing blue screen errors. While Microsoft has addressed the underlying cause, residual cybersecurity issues continue for some customers. The incident highlights the importance of contingency plans when a single point of failure occurs in IT systems or software.
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Bhavish Aggarwal says outages can be ‘deliberate’; 80% of India's data abroad
Livemint
·
1y ago
Medial
Bhavish Aggarwal, CEO of Ola Cabs, commented on the recent Microsoft Windows outage, suggesting that outages can occur due to deliberate action by bad actors. A flawed software update from a cybersecurity company caused widespread computer outages, resulting in the Blue Screen of Death error for Windows users. Aggarwal pointed out the risk posed by storing data abroad, urging the Indian government to focus on data localization to address this risk. Microsoft CEO Satya Nadella also addressed the issue, stating they are working with CrowdStrike to resolve the problem.
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Big Tech stocks nosedive as frothy valuations, AI jitters spook investors
Economic Times
·
1y ago
Medial
Investors are selling off tech stocks amid concerns over stretched valuations and unrealistic expectations from artificial intelligence (AI). Disappointing earnings reports from Tesla and Alphabet have triggered a tech-led market slump. Tesla's Q2 profit fell 45% and it delayed a highly anticipated event for its robotaxi. Alphabet reported higher Q2 net income but flagged high capital expenses for the year. Stocks like Amazon, Apple, Nvidia, Microsoft, Alphabet, and Meta have all seen a decline. Tech majors like Nvidia, Apple, and Microsoft are still at high valuations despite the selloff. Concerns over the timing of returns on AI investments are growing.
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France's Mistral AI seeks funding at $5 billion valuation: report
Economic Times
·
1y ago
Medial
French tech startup Mistral AI is reportedly in talks with investors to raise several hundred million dollars at a valuation of $5 billion. The company's existing investors include Andreessen Horowitz, Lightspeed Ventures, and Microsoft. Mistral recently partnered with Microsoft to make its AI models available through Azure. In December, the company raised $415 million and was last valued at €2 billion. Mistral has not yet commented on the latest funding talks.
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Large action models gearing up to turn AI’s promise into action
Economic Times
·
1y ago
Medial
Large action models (LAMs) are the latest innovation in the AI space. They use demonstrations and actions to understand and predict what actions to take based on requests. Rabbit's R1 is the world's first LAM-powered device, offering an app-free and intuitive AI experience. Tech giants like Microsoft and Salesforce are investing in LAMs as they have the potential to revolutionize businesses. LAMs can make decisions and perform complex tasks, such as making bookings and carrying out actions on behalf of consumers. However, there are ethical considerations and potential risks associated with such autonomous AI models.
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