It’s time for Bits & Bytes…

… where we bring you news, innovations, and thought-provoking insights from AI, IT, and beyond. In this week’s newsletter we’re looking at:

• Retailer downplays data breach affecting millions of shoppers
• AMD buys Silo AI for $665 million, challenging Nvidia
• Huione Guarantee’s illicit activities raise security concerns

 

IN THE SPOTLIGHT

 

🗞️ FBI Gains Access to Shooter’s Encrypted Phone

The FBI has successfully unlocked the encrypted phone of the shooter involved in the recent Trump rally attack in Pennsylvania. The shooter’s phone was protected by advanced encryption, presenting a significant challenge to investigators. The FBI has not disclosed the methods used to bypass the encryption, which raises questions about the balance between digital privacy and security.

This incident highlights the ongoing debate between protecting individual privacy and ensuring public safety. Encryption advocates stress the importance of strong encryption for safeguarding personal data, while law enforcement argues that access to encrypted devices is crucial for investigating serious crimes. The FBI’s success in accessing the phone without the encryption keys raises concerns about potential vulnerabilities and the broader implications for privacy rights.

TL;DR

• FBI unlocked the encrypted phone of the Trump rally shooter.
• Methods used remain undisclosed, raising privacy concerns.
• Incident intensifies debate between privacy advocates and law enforcement.

 

TECH HEADLINES FROM ACROSS THE WEB

🖥️ The Dark Side of E-commerce

Huione Guarantee, owned by the Huione Group, has been exposed as a major player in the cybercrime world, raking in $11 billion from illegal activities. This site is where cybercriminals launder money from scams and sell stolen data, all under the guise of a legitimate marketplace. Its loose regulations make it a favorite for those looking to make a quick, illicit buck.

🏌️ AMD Swings Big

AMD is making waves with its $665 million buyout of Finnish AI startup Silo AI, aiming to chip away at Nvidia’s stronghold in the AI world. This blockbuster deal is one of Europe’s biggest AI acquisitions and will supercharge AMD’s AI offerings. Closing by year-end, it’s clear AMD is all in on ramping up its AI tech.

🤷️ Millions Exposed, Retailer Offers Shrug Emoji

If you’re a Neiman Marcus shopper (maybe not our audience but anyhoo), you might want to check your accounts. The retailer just revealed a data breach from May 2024 impacting up to 31 million customers. Neiman Marcus basically responded with a shrug and said, “well some people got an alert”.

 

TECH FOR GOOD

Toyota is revolutionizing the auto industry with its hydrogen-powered engines, putting traditional EVs to shame. These models offer super-fast refueling and impressive driving ranges, tackling environmental issues while keeping drivers on the go.

Hydrogen engines turn hydrogen gas into electricity, with water as the only byproduct. That’s right, zero greenhouse gas emissions and no battery waste—just pure, clean energy.

Toyota’s tech not only cuts down on the automotive carbon footprint but also boosts economic growth with new jobs in hydrogen production and infrastructure. As investments in hydrogen tech grow, Toyota is leading the way to a greener, bolder future.