The FBI is "laser focused" on Chinese efforts to insert malicious software code into computer networks in ways that could disrupt critical US infrastructure, according to the agency's director Christopher Wray. From a report: Wray said he was acutely concerned about "pre-positioning" of malware. He said the US recently disrupted a Chinese hacking network known as Volt Typhoon that targeted American infrastructure including the electricity grid and water supply, and other targets around the world. "We're laser focused on this as a real threat and we're working with a lot of partners to try to identify it, anticipate it and disrupt it," Wray said on Sunday after attending the Munich Security Conference.

"I'm sober and clear minded about what we're up against...We're always going to have to be kind of on the balls of our feet." Wray said Volt Typhoon was just the tip of the iceberg and was one of many such efforts by the Chinese government. The US has been tracking Chinese pre-positioning operations for well over a decade, but Wray told the security conference that they had reached "fever pitch." He said China was increasingly inserting "offensive weapons within our critical infrastructure poised to attack whenever Beijing decides the time is right."

His comments are the latest FBI effort to raise awareness about Chinese espionage that ranges from traditional spying and intellectual property theft to hacking designed to prepare for possible future conflict. Last October, Wray and his counterparts from the Five Eyes intelligence-sharing network that includes the US, UK, Canada, Australia and New Zealand held their first public meeting in an effort to focus the spotlight on Chinese espionage. Wray said the US campaign was having an impact and that people were increasingly attuned to the threat, particularly compared with several years ago when he sometimes met scepticism.

A paper (PDF) from researchers at the University of Cambridge, supported by voices from numerous academic institutions including OpenAI, proposes remote kill switches and lockouts as methods to mitigate risks associated with advanced AI technologies. It also recommends tracking AI chip sales globally. The Register reports: The paper highlights numerous ways policymakers might approach AI hardware regulation. Many of the suggestions -- including those designed to improve visibility and limit the sale of AI accelerators -- are already playing out at a national level. Last year US president Joe Biden put forward an executive order aimed at identifying companies developing large dual-use AI models as well as the infrastructure vendors capable of training them. If you're not familiar, "dual-use" refers to technologies that can serve double duty in civilian and military applications. More recently, the US Commerce Department proposed regulation that would require American cloud providers to implement more stringent "know-your-customer" policies to prevent persons or countries of concern from getting around export restrictions. This kind of visibility is valuable, researchers note, as it could help to avoid another arms race, like the one triggered by the missile gap controversy, where erroneous reports led to massive build up of ballistic missiles. While valuable, they warn that executing on these reporting requirements risks invading customer privacy and even lead to sensitive data being leaked.

Meanwhile, on the trade front, the Commerce Department has continued to step up restrictions, limiting the performance of accelerators sold to China. But, as we've previously reported, while these efforts have made it harder for countries like China to get their hands on American chips, they are far from perfect. To address these limitations, the researchers have proposed implementing a global registry for AI chip sales that would track them over the course of their lifecycle, even after they've left their country of origin. Such a registry, they suggest, could incorporate a unique identifier into each chip, which could help to combat smuggling of components.

At the more extreme end of the spectrum, researchers have suggested that kill switches could be baked into the silicon to prevent their use in malicious applications. [...] The academics are clearer elsewhere in their study, proposing that processor functionality could be switched off or dialed down by regulators remotely using digital licensing: "Specialized co-processors that sit on the chip could hold a cryptographically signed digital "certificate," and updates to the use-case policy could be delivered remotely via firmware updates. The authorization for the on-chip license could be periodically renewed by the regulator, while the chip producer could administer it. An expired or illegitimate license would cause the chip to not work, or reduce its performance." In theory, this could allow watchdogs to respond faster to abuses of sensitive technologies by cutting off access to chips remotely, but the authors warn that doing so isn't without risk. The implication being, if implemented incorrectly, that such a kill switch could become a target for cybercriminals to exploit.

Another proposal would require multiple parties to sign off on potentially risky AI training tasks before they can be deployed at scale. "Nuclear weapons use similar mechanisms called permissive action links," they wrote. For nuclear weapons, these security locks are designed to prevent one person from going rogue and launching a first strike. For AI however, the idea is that if an individual or company wanted to train a model over a certain threshold in the cloud, they'd first need to get authorization to do so. Though a potent tool, the researchers observe that this could backfire by preventing the development of desirable AI. The argument seems to be that while the use of nuclear weapons has a pretty clear-cut outcome, AI isn't always so black and white. But if this feels a little too dystopian for your tastes, the paper dedicates an entire section to reallocating AI resources for the betterment of society as a whole. The idea being that policymakers could come together to make AI compute more accessible to groups unlikely to use it for evil, a concept described as "allocation."

Jordan Pearson reports via Motherboard: A peer-reviewed science journal published a paper this week filled with nonsensical AI-generated images, which featured garbled text and a wildly incorrect diagram of a rat penis. The episode is the latest example of how generative AI is making its way into academia with concerning effects. The paper, titled "Cellular functions of spermatogonial stem cells in relation to JAK/STAT signaling pathway" was published on Wednesday in the open access Frontiers in Cell Development and Biology journal by researchers from Hong Hui Hospital and Jiaotong University in China. The paper itself is unlikely to be interesting to most people without a specific interest in the stem cells of small mammals, but the figures published with the article are another story entirely. [...]

It's unclear how this all got through the editing, peer review, and publishing process. Motherboard contacted the paper's U.S.-based reviewer, Jingbo Dai of Northwestern University, who said that it was not his responsibility to vet the obviously incorrect images. (The second reviewer is based in India.) "As a biomedical researcher, I only review the paper based on its scientific aspects. For the AI-generated figures, since the author cited Midjourney, it's the publisher's responsibility to make the decision," Dai said. "You should contact Frontiers about their policy of AI-generated figures." Frontier's policies for authors state that generative AI is allowed, but that it must be disclosed -- which the paper's authors did -- and the outputs must be checked for factual accuracy. "Specifically, the author is responsible for checking the factual accuracy of any content created by the generative AI technology," Frontier's policy states. "This includes, but is not limited to, any quotes, citations or references. Figures produced by or edited using a generative AI technology must be checked to ensure they accurately reflect the data presented in the manuscript."

On Thursday afternoon, after the article and its AI-generated figures circulated social media, Frontiers appended a notice to the paper saying that it had corrected the article and that a new version would appear later. It did not specify what exactly was corrected. UPDATE: Frontiers retracted the article and issued the following statement: "Following publication, concerns were raised regarding the nature of its AI-generated figures. The article does not meet the standards of editorial and scientific rigor for Frontiers in Cell and Development Biology; therefore, the article has been retracted. This retraction was approved by the Chief Executive Editor of Frontiers. Frontiers would like to thank the concerned readers who contacted us regarding the published article."

samleecole shares a report from 404 Media: A trove of leaked emails shows how administrators of one of the most prestigious awards in science fiction censored themselves because the awards ceremony was being held in China. Earlier this month, the Hugo Awards came under fire with accusations of censorship when several authors were excluded from the awards, including Neil Gaiman, R. F. Kuang, Xiran Jay Zhao, and Paul Weimer. These authors' works had earned enough votes to make them finalists, but were deemed "ineligible" for reasons not disclosed by Hugo administrators. The Hugo Awards are one of the largest and most important science fiction awards. [...]

The emails, which show the process of compiling spreadsheets of the top 10 works in each category and checking them for "sensitive political nature" to see if they were "an issue in China," were obtained by fan writer Chris M. Barkley and author Jason Sanford, and published on fandom news site File 770 and Sanford's Patreon, where they uploaded the full PDF of the emails. They were provided to them by Hugo Awards administrator Diane Lacey. Lacey confirmed in an email to 404 Media that she was the source of the emails. "In addition to the regular technical review, as we are happening in China and the *laws* we operate under are different...we need to highlight anything of a sensitive political nature in the work," Dave McCarty, head of the 2023 awards jury, directed administrators in an email. "It's not necessary to read everything, but if the work focuses on China, taiwan, tibet, or other topics that may be an issue *in* China...that needs to be highlighted so that we can determine if it is safe to put it on the ballot of if the law will require us to make an administrative decision about it."

The email replies to this directive show administrators combing through authors' social media presences and public travel histories, including from before they were nominated for the 2023 awards, and their writing and bodies of work beyond just what they were nominated for. Among dozens of other posts and writings, they note Weimer's negative comments about the Chinese government in a Patreon post and misspell Zhao's name and work (calling their novel Iron Widow "The Iron Giant"). About author Naseem Jamnia, an administrator allegedly wrote, "Author openly describes themselves as queer, nonbinary, trans, (And again, good for them), and frequently writes about gender, particularly non-binary. The cited work also relies on these themes. I include them because I don't know how that will play in China. (I suspect less than well.)"

"As far as our investigation is concerned there was no reason to exclude the works of Kuang, Gaiman, Weimer or Xiran Jay Zhao, save for being viewed as being undesirable in the view of the Hugo Award admins which had the effect of being the proxies Chinese government," Sanford and Barkley wrote. In conjunction with the email trove, Sanford and Barkley also released an apology letter from Lacey, in which she explains some of her role in the awards vetting process and also blames McCarty for his role in the debacle. McCarty, along with board chair Kevin Standlee, resigned earlier this month.

Microsoft said Wednesday it had detected and disrupted instances of U.S. adversaries -- chiefly Iran and North Korea and to a lesser extent Russia and China -- using or attempting to exploit generative AI developed by the company and its business partner to mount or research offensive cyber operations. From a report: The techniques Microsoft observed, in collaboration with its partner OpenAI, represent an emerging threat and were neither "particularly novel or unique," the Redmond, Washington, company said in a blog post. But the blog does offer insight into how U.S. geopolitical rivals have been using large-language models to expand their ability to more effectively breach networks and conduct influence operations.

Microsoft said the "attacks" detected all involved large-language models the partners own and said it was important to expose them publicly even if they were "early-stage, incremental moves." Cybersecurity firms have long used machine-learning on defense, principally to detect anomalous behavior in networks. But criminals and offensive hackers use it as well, and the introduction of large-language models led by OpenAI's ChatGPT upped that game of cat-and-mouse.

An anonymous reader quotes a report from The Verge: The US government has committed $42 million to further the development of the 5G Open RAN (O-RAN) standard that would allow wireless providers to mix and match cellular hardware and software, opening up a bigger market for third-party equipment that's cheaper and interoperable. The National Telecommunications and Information Administration (NTIA) grant would establish a Dallas O-RAN testing center to prove the standard's viability as a way to head off Huawei's steady cruise toward a global cellular network hardware monopoly.

Verizon global network and technology president Joe Russo promoted the funding as a way to achieve "faster innovation in an open environment." To achieve the standard's goals, AT&T vice president of RAN technology Robert Soni says that AT&T and Verizon have formed the Acceleration of Compatibility and Commercialization for Open RAN Deployments Consortium (ACCoRD), which includes a grab bag of wireless technology companies like Ericsson, Nokia, Samsung, Dell, Intel, Broadcom, and Rakuten. Japanese wireless carrier Rakuten formed as the first O-RAN network in 2020. The company's then CEO, Tareq Amin, told The Verge's Nilay Patel in 2022 that Open RAN would enable low-cost network build-outs using smaller equipment rather than massive towers -- which has long been part of the promise of 5G.

But O-RAN is about more than that; establishing interoperability means companies like Verizon and AT&T wouldn't be forced to buy all of their hardware from a single company to create a functional network. For the rest of us, that means faster build-outs and "more agile networks," according to Rakuten. In the US, Dish has been working on its own O-RAN network, under the name Project Genesis. The 5G network was creaky and unreliable when former Verge staffer Mitchell Clarke tried it out in Las Vegas in 2022, but the company said in June last year that it had made its goal of covering 70 percent of the US population. Dish has struggled to become the next big cell provider in the US, though -- leading satellite communications company EchoStar, which spun off from Dish in 2008, to purchase the company in January. The Washington Post writes that O-RAN "is Washington's anointed champion to try to unseat the Chinese tech giant Huawei Technologies" as the world's biggest supplier of cellular infrastructure gear.

According to the Post, Biden has emphasized the importance of O-RAN in conversations with international leaders over the past few years. Additionally, it notes that Congress along with the NTIA have dedicated approximately $2 billion to support the development of this standard.

Last night in San Francisco's Chinatown, "A person jumped on the hood of a Waymo driverless taxi and smashed its windshield..." reports the Verge, "generating applause before a crowd formed around the car and covered it in spray paint, breaking its windows, and ultimately set it on fire." The fire department arrived minutes later, according to a report in The Autopian, but by then flames had already fully engulfed the car.... Waymo representative Sandy Karp told The Verge via email that the fully autonomous car "was not transporting any riders" when it was attacked and fireworks were tossed inside the car, sparking the flames...

The fire takes place against the backdrop of simmering tension between San Francisco residents and automated vehicle operators... Just last week, a Waymo car struck a cyclist who had reportedly been following behind a truck turning across its path.
The "burnt-out husk of the electric Waymo Jaguar" appears in a video posted on YouTube, according to the article. "Another set of videos posted by software developer Michael Vendi gives a view into the scene as it played out and the fire grew."

San Francisco's 49ers play in the Super Bowl this afteroon, so last night's celebrations for Chinese New Year could be followed by additional celebrations tonight. Police Chief Bill Scott is already urging residents to behave responsibly. "Please don't light anything on fire."

An anonymous reader shared this report from the Associated Press: An abrupt shutdown of Atlantic Ocean currents that could put large parts of Europe in a deep freeze is looking a bit more likely and closer than before as a new complex computer simulation finds a "cliff-like" tipping point looming in the future. A long-worried nightmare scenario, triggered by Greenland's ice sheet melting from global warming, still is at least decades away if not longer, but maybe not the centuries that it once seemed, a new study in Friday's Science Advances finds.

The study, the first to use complex simulations and include multiple factors, uses a key measurement to track the strength of vital overall ocean circulation, which is slowing. A collapse of the current — called the Atlantic Meridional Overturning Circulation or AMOC — would change weather worldwide because it means a shutdown of one of key the climate and ocean forces of the planet. It would plunge northwestern European temperatures by 9 to 27 degrees (5 to 15 degrees Celsius) over the decades, extend Arctic ice much farther south, turn up the heat even more in the Southern Hemisphere, change global rainfall patterns and disrupt the Amazon, the study said. Other scientists said it would be a catastrophe that could cause worldwide food and water shortages.

"We are moving closer (to the collapse), but we we're not sure how much closer," said study lead author Rene van Westen, a climate scientist and oceanographer at Utrecht University in the Netherlands. "We are heading towards a tipping point." When this global weather calamity — grossly fictionalized in the movie "The Day After Tomorrow" — may happen is "the million-dollar question, which we unfortunately can't answer at the moment," van Westen said. He said it's likely a century away but still could happen in his lifetime. He just turned 30.

"It also depends on the rate of climate change we are inducing as humanity," van Westen said.

The French offices of Chinese tech giant Huawei were raided by financial prosecutors this week, the company confirmed Friday. CNN reports: A French judicial source told CNN Thursday that the raid had been carried out as part of a preliminary probe launched by the financial prosecutor's office over alleged "breach of probity," a broad term concerning offenses such as acts of corruption, favoritism and influence peddling. The source did not provide any further details about the investigation. A preliminary investigation does not imply any wrongdoing.

"Huawei has been in France for over 20 years, and has been in compliance with the laws and regulations applicable in the country. While Huawei France does not wish to comment on an ongoing investigation, the company remains confident about its conclusions," a spokesperson said.

President Joe Biden's administration plans to launch a $5 billion semiconductor research consortium to bolster chip design and hardware innovation in the US and counter China's efforts to capture the cutting edge of the industry. From a report: Officials on Friday are set to formally establish the National Semiconductor Technology Center, or NSTC, which marks the second major research and development investment from the 2022 Chips Act following a $3 billion advanced packaging initiative. The consortium plans to invest hundreds of millions of dollars into workforce development and intends to open funding applications in early March for research grants, Commerce Undersecretary for Standards and Technology Dr. Laurie E. Locascio said in an interview with Bloomberg News. Officials are working to prevent China from benefiting from NSTC-funded research while filling gaps in the US research ecosystem for key areas like packaging and hardware, she said, as electronic components have become a key US-China battleground.

Taiwanese chipmaker TSMC announced plans to build a second chip factory in Japan by the end of 2027, bringing total investment in its Japan venture to more than $20 billion. "Taiwan Semiconductor Manufacturing Co announced plans in 2021 to build a $7 billion chip plant in Kumamoto in southern Japan's Kyushu," notes Reuters. From the report: In a statement, TSMC, the world's largest contract chipmaker, said its majority-owned unit Japan Advanced Semiconductor Manufacturing in Kumamoto would build a second fabrication plant, or fab, in response to rising customer demand. The second fab will begin construction by the end of this year and with both factories the site is expected to have total monthly capacity of more than 100,000 12-inch wafers to be used for automotive, industrial, consumer and high performance computing-related applications, TSMC said. The capacity plan may be further adjusted based upon customer demand, it added.

TSMC's expansion in Kyushu is central to the Japanese government's efforts to rebuild the country's position as a leading chip manufacturing centre and ensure the stable supply of chips amid trade tensions between the United States and China. The decision to build a second fab is a vote of confidence by TSMC in Japan where construction of the first fab has run smoothly and which, Reuters has reported, it sees as a source of diligent workers with a government that is easy to deal with.

The Chinese state-sponsored hacking group known as Volt Typhoon has been living in the networks of some critical industries for "at least five years," (non-paywalled link) according to a joint cybersecurity advisory issued by the US and its allies on Wednesday. From a report: The compromised environments are in the continental US and elsewhere, including Guam, the advisory said. It was published by US agencies and their security counterparts in Australia, Canada, the UK and New Zealand. The report comes a week after US officials announced an operation to disrupt Volt Typhoon by deleting malware from thousands of internet-connected devices the group had hijacked to gain access to the networks in critical parts of the economy. Among the sectors targeted were communications, energy, transportation and water systems.

An anonymous reader shares a report: Alibaba Group cut its staff by roughly 20,000 over the course of 2023, adding to a spate of layoffs spanning global tech companies from Silicon Valley to Hangzhou. China's e-commerce pioneer ended December with 219,260 employees, down from close to 240,000 a year earlier, it said in detailing its earnings for the holiday quarter on Wednesday.

The company's pace of eliminating roles has been fairly steady, as it reduced headcount by roughly the same number over the course of 2022 as well. Mirroring US peers like Meta Platforms, Alibaba paired the reduction in staff with a significant buyback, extending its authorization for repurchases by another $25 billion on Wednesday. The company bought back $9.5 billion worth of shares in 2023.

From mergers to AI, the EU's aggressive rule-making hampers its ability to compete with China and the U.S. Greg Ip, writing for WSJ: These are humbling times for Europe. The continent barely escaped recession late last year as the U.S. boomed. It is losing out to the U.S. on artificial intelligence, and to China on electric vehicles. There is one field where the European Union still leads the world: regulation. Having set the standard on regulating mergers, carbon emissions, data privacy, and e-commerce competition, the EU now seeks to do the same on AI. In December it unveiled a sweeping draft law that bans certain types of AI, tightly regulates others, and imposes huge fines for violators. Its executive arm, the European Commission, might investigate Microsoft's tie-up with OpenAI as potentially anticompetitive. Never before has "America innovates, China replicates, Europe regulates" so aptly captured each region's comparative advantage.

The technocrats who staff the EU in Brussels aren't anti-free market. Just the opposite: they still believe in free trade, unlike the U.S. or China. Much of their regulation is aimed at protecting consumers and competition from meddling national governments. But there's a trade-off between consumer protection and the profit motive that drives investment and innovation, and the EU might be getting that trade-off wrong. For example, to preserve competition, European regulators have resisted mergers that leave just a handful of mobile phone carriers per market. As a result Europe now has 43 groups running 102 mobile operators serving a population of 474 million, while the U.S. has three major networks serving a population of 335 million, according to telecommunications consultant John Strand. China and India are even more concentrated.

European mobile customers as a result pay only about a third of what Americans do. But that's why European carriers invest only half as much per customer and their networks are commensurately worse, Strand said: "Getting a 5G signal in Germany is like finding a Biden supporter at a Trump rally." Putting European networks on a par with the U.S. would cost about $300 billion, he estimated. This has knock-on effects on Europe's tech sector. Swedish telecommunications equipment manufacturer Ericsson's sales in Europe suffer in part because many carriers are too small and unprofitable to update to the latest 5G networks. "Europe has prioritized shorter-term low consumer prices at the expense of quality infrastructure," chief executive Borje Ekholm told me in Davos earlier this month. "I'm very concerned about Europe. We need to invest much more in infrastructure, in being digital."

"In the last few years, the U.S. has seen a boom in cryptocurrency mining," writes Ars Technica. But they add that the U.S. government "is now trying to track exactly what that means for the consumption of electricity. Specifically, a crucial branch of the U.S. Department of Energy.

"While its analysis is preliminary, the Energy Information Agency (EIA) estimates that large-scale cryptocurrency operations are now consuming over 2 percent of the U.S.'s electricity." That's roughly the equivalent of having added an additional state to the grid over just the last three years."

While there is some small-scale mining that goes on with personal computers and small rigs, most cryptocurrency mining has moved to large collections of specialized hardware. While this hardware can be pricy compared to personal computers, the main cost for these operations is electricity use, so the miners will tend to move to places with low electricity rates. The EIA report notes that, in the wake of a crackdown on cryptocurrency in China, a lot of that movement has involved relocation to the U.S., where keeping electricity prices low has generally been a policy priority.

One independent estimate made by the Cambridge Centre for Alternative Finance had the US as the home of just over 3 percent of the global bitcoin mining at the start of 2020. By the start of 2022, that figure was nearly 38 percent... The EIA decided it needed a better grip on what was going on... To better understand the implications of this major new drain on the U.S. electric grid, the EIA will be performing monthly analyses of bitcoin operations during the first half of 2024.
The Energy Information Agency identified 137 bitcoin mining operators, of which 101 responded to inquiries about their full-capacity power supply. "If running all-out, those 101 facilities would consume 2.3 percent of the US's average power demand," the article points out. And they add that in at least five instances, the Agency found bitcoin operators had "moved in near underutilized power plants and sent generation soaring again...

"These are almost certainly fossil fuel plants that might be reasonable candidates for retirement if it weren't for their use to supply bitcoin miners."

Although hydrogen-dedicated renewable energy capacity is expected to increase by 45 GW between 2022 and 2028, the estimates are 35% lower than what the International Energy Agency (IEA) forecasted a year ago. Reuters reports: There is growing political momentum for low-emission hydrogen but actual implementation has been held up by uncertain demand outlooks, a lack of clarity in regulatory frameworks, and a lack of infrastructure to deliver hydrogen to end users, the IEA said in an emailed response to questions. Slow progress on real-world implementation "is a consequence of barriers that could be expected in a sector that needs to build up new and complex value chains," the IEA said. Uncertainties have been exacerbated by inflation and sluggish policy implementation.

Expected renewable energy capacity for hydrogen production represents just 7% of the capacity pledged for the same period and one tenth the sum of government targets for 2030, IEA said in its report. Around 75% of expected capacity is based in three countries, with China taking the lion's share, followed by Saudi Arabia and the United States, the IEA says.

"China's hackers are positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities, if or when China decides the time has come to strike," said FBI Director Christopher Wray in a prepared testimony before the House Select Committee on the Chinese Communist Party. NBC News reports: Wray also argued that "there has been far too little public focus" that Chinese hackers are targeting critical infrastructure in the U.S. such as water treatment plants, electrical grids, oil and natural gas pipelines, and transportation systems, according to the prepared remarks. "And the risk that poses to every American requires our attention -- now," his prepared testimony said.

As Wray testified, the Justice Department and FBI announced they had disabled a Chinese hacking operation that had infected hundreds of small office and home routers with botnet malware that targeted critical infrastructure. The DOJ said the hackers, known to the private sector as "Volt Typhoon," used privately owned small routers that were infected with "KV botnet" malware to conceal further Chinese hacking activities against U.S. and foreign victims. Wray addressed the malware in his testimony, emphasizing that it targets critical infrastructure in the U.S. [...]

At Wednesday's hearing, the director of the federal Cybersecurity and Infrastructure Security Agency, Jen Easterly, testified that Americans should expect efforts by China to wage influence campaigns online relating to the 2024 election. However, Easterly added that she was confident that voting systems and other election infrastructure are well-defended. "To be very clear, Americans should have confidence in the integrity of our election infrastructure because of the enormous amount of work that's been done by state and local election officials, by the federal government, by vendors, by the private sector since 2016," Easterly said in her testimony.

Wray emphasized in the remarks that the "cyber onslaught" of Chinese hackers "goes way beyond prepositioning for future conflict," saying in the prepared remarks that every day the hackers are "actively attacking" U.S. economic security, engaging in "wholesale theft of our innovation, and our personal and corporate data." "And they don't just hit our security and economy. They target our freedoms, reaching inside our borders, across America, to silence, coerce, and threaten our citizens and residents," the excerpts said.

The U.S. government in recent months launched an operation to fight a pervasive Chinese hacking operation that successfully compromised thousands of internet-connected devices, Reuters reported Tuesday, citing two Western security officials and another person familiar with the matter. From the report: The Justice Department and Federal Bureau of Investigation sought and received legal authorization to remotely disable aspects of the Chinese hacking campaign, the sources told Reuters. The Biden administration has increasingly focused on hacking, not only for fear nation states may try to disrupt the U.S. election in November, but because ransomware wreaked havoc on Corporate America in 2023.

The hacking group at the center of recent activity, Volt Typhoon, has especially alarmed intelligence officials who say it is part of a larger effort to compromise Western critical infrastructure, including naval ports, internet service providers and utilities. While the Volt Typhoon campaign initially came to light in May 2023, the hackers expanded the scope of their operations late last year and changed some of their techniques, according to three people familiar with the matter. The widespread nature of the hacks led to a series of meetings between the White House and private technology industry, including several telecommunications and cloud commuting companies, where the U.S. government asked for assistance in tracking the activity.

China has approved more than 40 AI models for public use in the first six months since authorities began the approval process, as the country strives to catch up to the U.S. in AI development, according to Chinese media. Reuters: Chinese regulators granted approvals to a total of 14 large language models (LLM) for public use last week, Chinese state-backed Securities Times reported. It marks the fourth batch of approvals China has granted, which counts Xiaomi, 4Paradigm and 01.AI among the recipients. Beijing started requiring tech companies to obtain approval from regulators to open their LLMs to the public last August. It underscored China's approach towards developing AI technology while striving to keep it under its purview and control.

Beijing approved its first batch of AI models in August shortly after the approval process was adopted. Baidu, Alibaba and ByteDance were among China's first companies to receive approvals Chinese regulators then granted two more batches of approvals in November and December before another batch was given the greenlight this month. While the government has not disclosed the exact list of approved companies available for public checks, Securities Times said on Sunday more than 40 AI models have been approved.

An anonymous reader shared this report from the The New York Times: Over his 54 years as a financial analyst, Richard X. Bove perfected the art of grabbing attention... American Banker once called him "the country's most quotable bank analyst." Last week, a few hours after completing a spot on Bloomberg television, the 83-year-old announced his retirement. He took that weekend off — and then jumped right back in. In an interview with The New York Times, Mr. Bove (pronounced "boe-VAY"), who goes by Dick, shared a dire outlook on the U.S. economy and his former profession.

"The dollar is finished as the world's reserve currency," Mr. Bove said matter-of-factly, perched in an armchair outside his home office just north of Tampa, from which he predicted that China will overtake the U.S. economy. No other analysts will say the same because they are, as he put it, "monks praying to money," unwilling to speak out on the mainstream financial system that employs them...

As he spoke, a technician was trying to restore his home internet after his final employer, the boutique brokerage Odeon Capital, pulled the plug on his last day...

He sees the offshoring of American manufacturing as the ultimate threat to the financial sector and the dollar, because "the people making the goods elsewhere are getting greater and greater control of the means of production and therefore greater and greater control of the world economy and therefore greater and greater control of money."
The article notes that Bove was once called "The Loneliest Analyst."

"One way that's still true is that he endorses cryptocurrency — an area that few other financial analysts will touch — which he sees as a natural beneficiary of the decline of the dollar."