Streetbeat News

Security

MSFT

Microsoft Corporation (NASDAQ:MSFT) has developed Security Copilot, an AI-driven security service, using OpenAI's GPT-4 and its own models. Initially, Microsoft faced a GPU shortage due to GPT-3 work, but gained early access to GPT-4, which led to a shift in focus. The company still uses specific models for certain security tasks. Microsoft's spokesperson clarified that the current Security Copilot is based on GPT-4, not GPT 3.5 as mentioned in the meeting. The development of Security Copilot highlights the potential and challenges of generative AI.

Portfolio Pulse from Benzinga Neuro

January 11, 2024 | 12:27 pm

MSFT

QQQ

Microsoft Corp is considering the future of its AI lab in Beijing due to security concerns and potential national security risks. U.S. lawmakers have warned about the dangers of tech collaboration with China. Debates have included options like relocating or shutting down the lab. Microsoft has taken measures to protect its technology and restrict sensitive research. Despite concerns, Microsoft remains committed to China's digital transformation, with a significant presence in the country. Microsoft stock outperformed Invesco QQQ Trust last year.

Portfolio Pulse from Anusuya Lahiri

January 11, 2024 | 12:17 pm

AAPL

Apple Inc. was warned about security vulnerabilities in its AirDrop feature before an alleged breach by China's Beijing Institute, which claims to have extracted iPhone users' details through AirDrop. Security experts have confirmed the possibility of extracting sender details from device logs, and researcher Alexander Heinrich noted that Apple was aware of these issues. Apple has been granted a patent for a new version of AirDrop using light, which could be more secure. The company had previously restricted AirDrop in China during anti-government protests.

Portfolio Pulse from Ananya Gairola

January 11, 2024 | 10:13 am

AMZN

U.S. intelligence agencies are leveraging AI to detect cyber intrusions into critical infrastructure, focusing on Chinese hackers. AI's role in cybersecurity is highlighted by its ability to uncover covert attacks on transport systems, pipelines, and ports. Rob Joyce of the NSA emphasized the threat of cybercriminals using advanced tactics. Concerns are raised about AI misuse and the economic divide in cyber defenses. U.S. Attorney Breon Peace noted the rise of generative AI tools in cybercrime. Amazon's Chief Security Officer, Stephen Schmidt, acknowledged the use of AI in Amazon's cybersecurity. The urgency for AI defenses is driven by the increasing threats from China and the need to protect critical infrastructure.

Portfolio Pulse from Ananya Gairola

January 11, 2024 | 7:12 am

ACIW

ACI Worldwide (NASDAQ:ACIW), a leader in real-time payments software, has announced the successful migration of Co-op's payments and fraud prevention technology to ACI's cloud platform on Microsoft Azure. This move leverages ACI's Payments Orchestration Platform for in-store, online, and mobile transactions, enhancing Co-op's operational efficiency, scalability, security, and data protection. The migration aligns with ACI's strategic alliance with Microsoft to offer cloud-based payment solutions.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 7:10 am

BTCUSD

COIN

ETHUSD

MARA

MSTR

RIOT

SPY

Republicans on the Financial Services Committee have called for a briefing from the SEC regarding a compromised account and an unauthorized post about a Bitcoin ETF. The incident raises concerns about the SEC's cybersecurity measures and the potential impact on investor confidence and market integrity.

Portfolio Pulse from Charles Gross

January 10, 2024 | 10:51 pm

BTCUSD

SEC Chair Gary Gensler has warned investors about the risks associated with Bitcoin and crypto-related products. He emphasizes the need for caution due to the various uncertainties and potential for loss in the crypto market.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:47 pm

BTCUSD

SEC Chair Gary Gensler stated that the SEC's actions on Wednesday should not be interpreted as a sign that the commission is ready to approve listing standards for securities tied to crypto assets.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:46 pm

BETS

Bit Brother Limited (NASDAQ:BETS) experienced a significant stock price movement on Wednesday, following the announcement of a 1-for-1,000 reverse stock split approved by its board. The split is expected to be effective around Jan. 10. Trading was halted on Tuesday night and resumed on Monday. Despite an initial drop of 15%, shares rose by nearly 30%. The volatility was partly due to market chaos linked to a compromised SEC Twitter account, which falsely claimed Bitcoin ETF approvals.

Portfolio Pulse from Ryan Gustafson

January 10, 2024 | 9:30 pm

BTC-USD

The SEC's Twitter account was hacked, falsely announcing a Bitcoin ETF approval, which led to a temporary drop in Bitcoin's price. The FBI is investigating the incident, and the SEC clarified that official announcements are only made on their website and the Federal Register. The hack was due to an individual gaining control over a phone number associated with the SEC's account, which lacked two-factor authentication. Critics of Bitcoin ETFs, like Dennis Kelleher, reiterated their stance against the cryptocurrency.

Portfolio Pulse from Piero Cingari

January 10, 2024 | 9:04 pm