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Altman warns AI voice cloning will break bank security

OpenAI CEO Sam Altman has warned that AI poses a serious threat to financial security through voice-based fraud.

Speaking at a Federal Reserve conference in Washington, Altman said AI can now convincingly mimic human voices, rendering voiceprint authentication obsolete and dangerously unreliable.

He expressed concern that some financial institutions still rely on voice recognition to verify identities. ‘That is a crazy thing to still be doing. AI has fully defeated that,’ he said. The risk, he noted, is that AI voice clones can now deceive these systems with ease.

Altman added that video impersonation capabilities are also advancing rapidly. Technologies that become indistinguishable from real people could enable more sophisticated fraud schemes. He called for the urgent development of new verification methods across the industry.

Michelle Bowman, the Fed’s Vice Chair for Supervision, echoed the need for action. She proposed potential collaboration between AI developers and regulators to create better safeguards. ‘That might be something we can think about partnering on,’ Bowman told Altman.

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Amazon closes AI research lab in Shanghai as global focus shifts

Amazon is shutting down its AI research lab in Shanghai, marking another step in its gradual withdrawal from China. The move comes amid continuing US–China trade tensions and a broader trend of American tech companies reassessing their presence in the country.

The company said the decision was part of a global streamlining effort rather than a response to AI concerns.

A spokesperson for AWS said the company had reviewed its organisational priorities and decided to cut some roles across certain teams. The exact number of job losses has not been confirmed.

Before Amazon’s confirmation, one of the lab’s senior researchers noted on WeChat that the Shanghai site was the final overseas AWS AI research lab and attributed its closure to shifts in US–China strategy.

The team had built a successful open-source graph neural network framework known as DGL, which reportedly brought in nearly $1 billion in revenue for Amazon’s e-commerce arm.

Amazon has been reducing its footprint in China for several years. It closed its domestic online marketplace in 2019, halted Kindle sales in 2022, and recently laid off AWS staff in the US.

Other tech giants including IBM and Microsoft have also shut down China-based research units this year, while some Chinese AI firms are now relocating operations abroad instead of remaining in a volatile domestic environment.

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US agencies warn of rising Interlock ransomware threat targeting healthcare sector

US federal authorities have issued a joint warning over a spike in ransomware attacks by the Interlock group, which has been targeting healthcare and public services across North America and Europe.

The alert was released by the FBI, CISA, HHS and MS-ISAC, following a surge in activity throughout June.

Interlock operates as a ransomware-as-a-service scheme and first emerged in September 2024. The group uses double extortion techniques, not only encrypting files but also stealing sensitive data and threatening to leak it unless a ransom is paid.

High-profile victims include DaVita, Kettering Health and Texas Tech University Health Sciences Center.

Rather than relying on traditional methods alone, Interlock often uses compromised legitimate websites to trigger drive-by downloads.

The malicious software is disguised as familiar tools like Google Chrome or Microsoft Edge installers. Remote access trojans are then used to gain entry, maintain persistence using PowerShell, and escalate access using credential stealers and keyloggers.

Authorities recommend several countermeasures, such as installing DNS filtering tools, using web firewalls, applying regular software updates, and enforcing strong access controls.

They also advise organisations to train staff in recognising phishing attempts and to ensure backups are encrypted, secure and kept off-site instead of stored within the main network.

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Teen builds Hindi AI tool to help paralysis patients speak

An Indian teenager has created a low-cost AI device that translates slurred speech into clear Hindi, helping patients with paralysis and neurological conditions communicate more easily.

Pranet Khetan’s innovation, Paraspeak, uses a custom Hindi speech recognition model to address a long-ignored area of assistive tech.

The device was inspired by Khetan’s visit to a paralysis care centre, where he saw patients struggling to express themselves. Unlike existing English models, Paraspeak is trained on the first Hindi dysarthic speech dataset in India, created by Khetan himself through recordings and data augmentation.

Using transformer architecture, Paraspeak converts unclear speech into understandable output using cloud processing and a neck-worn compact device. It is designed to be scalable across different speakers, unlike current solutions that only work for individual patients.

The AI device is affordable, costing around ₹2,000 to build, and is already undergoing real-world testing. With no existing market-ready alternative for Hindi speakers, Paraspeak represents a significant step forward in inclusive health technology.

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EE expands 5G standalone network to reach over half the UK population

EE’s 5G standalone network is set to reach more than 34 million people across the UK by the end of August. The expansion will cover over half of the country’s population, including major cities, holiday destinations and key sporting and entertainment venues.

The telecom provider has already launched the upgraded network in many towns and cities, with a further 38 locations joining by the end of next month. These include places such as Aberdeen, Canterbury, Grimsby, Ipswich, Salisbury, Wrexham and Yeovil, among others.

5G standalone networks offer faster, more secure and low-latency mobile experiences without relying on older 4G infrastructure.

According to BT Group’s chief networks officer, the rollout is designed to improve performance whether someone is on a packed train platform, livestreaming at a concert, or calling loved ones from a holiday destination.

EE’s move is part of a broader strategy to improve everyday connectivity across the UK, aiming to deliver a more seamless experience for millions rather than limiting high-speed coverage to major urban centres alone.

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Autonomous vehicles fuel surge in 5G adoption

The global 5G automotive market is expected to grow sharply from $2.58 billion in 2024 to $31.18 billion by 2034, fuelled by the rapid adoption of connected and self-driving vehicles.

A compound annual growth rate of over 28% reflects the strong momentum behind the transition to smarter mobility and safer road networks.

Vehicle-to-everything communication is predicted to lead adoption, as it allows vehicles to exchange real-time data with other cars, infrastructure and even pedestrians.

In-car entertainment systems are also growing fast, with consumers demanding smoother connectivity and on-the-go access to apps and media.

Autonomous driving, advanced driver-assistance features and real-time navigation all benefit from 5G’s low latency and high-speed capabilities. Automakers such as BMW have already begun integrating 5G into electric models to support automated functions.

Meanwhile, the US government has pledged $1.5 billion to build smart transport networks that rely on 5G-powered communication.

North America remains ahead due to early 5G rollouts and strong manufacturing bases, but Asia Pacific is catching up fast through smart city investment and infrastructure development.

Regulatory barriers and patchy rural coverage continue to pose challenges, particularly in regions with strict data privacy laws or limited 5G networks.

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North Korea turns to Russia for AI development help

North Korea is dispatching AI researchers, interns and students to countries such as Russia in an effort to strengthen its domestic tech sector, according to a report by NK News.

The move comes despite strict UN sanctions that restrict technological exchange, particularly in high-priority areas like AI.

Kim Kwang Hyok, head of the AI Institute at Kim Il Sung University, confirmed the strategy in an interview with a pro-Pyongyang outlet in Japan. He admitted that international restrictions remain a major hurdle but noted that researchers continue developing AI applications within North Korea regardless.

Among the projects cited is ‘Ryongma’, a multilingual translation app supporting English, Russian, and Chinese, which has been available on mobile devices since 2021.

Kim also mentioned efforts to develop an AI-driven platform for a hospital under construction in Pyongyang. However, technical limitations remain considerable, with just three known semiconductor plants operating in the country.

While Russia may seem like a natural partner, its own dependence on imported hardware limits how much it can help.

A former South Korean diplomat told NK News that Moscow lacks the domestic capacity to provide high-performance chips essential for advanced AI work, making large-scale collaboration difficult.

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Spotify under fire for AI-generated songs on memorial artist pages

Spotify is facing criticism after AI-generated songs were uploaded to the pages of deceased artists without consent from estates or rights holders.

The latest case involves country singer-songwriter Blaze Foley, who died in 1989. A track titled ‘Together’ was posted to his official Spotify page over the weekend. The song sounded vaguely like a slow country ballad and was paired with AI-generated cover art showing a man who bore no resemblance to Foley.

Craig McDonald, whose label manages Foley’s catalogue, confirmed the track had nothing to do with the artist and described it as inauthentic and harmful. ‘I can clearly tell you that this song is not Blaze, not anywhere near Blaze’s style, at all,’ McDonald told 404 Media. ‘It has the authenticity of an algorithm.’

He criticised Spotify for failing to prevent such uploads and said the company had a duty to stop AI-generated music from appearing under real artists’ names.

‘It’s kind of surprising that Spotify doesn’t have a security fix for this type of action,’ he said. ‘They could fix this problem if they had the will to do so.’ Spotify said it had flagged the track to distributor SoundOn and removed it for violating its deceptive content policy.

However, other similar uploads have already emerged. The same company, Syntax Error, was linked to another AI-generated song titled ‘Happened To You’, uploaded last week under the name of Grammy-winning artist Guy Clark, who died in 2016.

Both tracks have since been removed, but Spotify has not explained how Syntax Error was able to post them using the names and likenesses of late musicians. The controversy is the latest in a wave of AI music incidents slipping through streaming platforms’ content checks.

Earlier this year, an AI-generated band called The Velvet Sundown amassed over a million Spotify streams before disclosing that all their vocals and instrumentals were made by AI.

Another high-profile case involved a fake Drake and The Weeknd collaboration, ‘Heart on My Sleeve’, which gained viral traction before being taken down by Universal Music Group.

Rights groups and artists have repeatedly warned about AI-generated content misrepresenting performers and undermining creative authenticity. As AI tools become more accessible, streaming platforms face mounting pressure to improve detection and approval processes to prevent further misuse.

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Surge in UK corporate data leaks fuels fraud fears

Cybersecurity experts in London have warned of a sharp increase in corporate data breaches, with leaked files now frequently containing sensitive financial and personal records.

A new report by Lab 1 reveals that 93 percent of such breaches involve documents like invoices, IBANs, and bank statements, fuelling widespread fraud and reputational damage in the UK.

The study examined 141 million leaked files and shows how hackers increasingly target unstructured data such as HR records, emails, and internal code.

Often ignored in standard breach reviews, these files contain rich details that can be used for identity theft or follow-up cyberattacks.

Hackers are now behaving more like data scientists, according to Lab 1’s CEO, mining leaks for valuable information to exploit. The average breach now affects over 400 organisations indirectly, including business partners and vendors, significantly widening the fallout.

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Android malware infects millions of devices globally

Millions of Android-based devices have been infected by a new strain of malware called BadBox 2.0, prompting urgent warnings from Google and the FBI. The malicious software can trigger ransomware attacks and collect sensitive user data.

The infected devices are primarily cheap, off-brand products manufactured in China, many of which come preloaded with the malware. Models such as the X88 Pro 10, T95, and QPLOVE Q9 are among those identified as compromised.

Google has launched legal action to shut down the illegal operation, calling BadBox 2.0 the largest botnet linked to internet-connected TVs. The FBI has advised the public to disconnect any suspicious devices and check for unusual network activity.

The malware generates illicit revenue through adware and poses broader cybersecurity threats, including denial-of-service attacks. Consumers are urged to avoid unofficial products and verify devices are Play Protect-certified before use.

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