Digital business models Archives | Page 362 of 581

IBM combines watsonx and Guardium to tackle AI compliance

IBM has unveiled new software ca p abilities that integrate AI security and governance, claiming the industry’s first unified solution to manage the risks of agentic AI.

The enhancements merge IBM’s watsonx.governance platform—which supports oversight, transparency, and lifecycle management of AI systems—with Guardium AI Security, a tool built to protect AI models, data, and operational usage.

By unifying these tools, IBM’s solution offers enterprises the ability to oversee both governance and security across AI deployments from a single interface. It also supports compliance with 12 major frameworks, including the EU AI Act and ISO 42001.

The launch aims to address growing concerns around AI safety, regulation, and accountability as businesses scale AI-driven operations.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Iran enforces crypto exchange curfew after Nobitex breach

Iran’s central bank has imposed strict operating hours on domestic crypto exchanges following a massive $100 million hack on Nobitex, the country’s largest digital asset platform. The move comes amid accusations that the incident was politically motivated.

According to blockchain analytics firm Chainalysis, exchanges in Iran are now required to operate between 10 am and 8 pm only. Analysts believe the curfew is aimed at improving monitoring capabilities and limiting capital flight during heightened Iran-Israel hostilities.

Andrew Fierman, head of national security intelligence at Chainalysis, suggested the decision was both a technical response to the hack and a strategic move to maintain tighter control over outflows.

The cyberattack, allegedly orchestrated by pro-Israel group Predatory Sparrow, targeted Nobitex’s internal systems, draining hot wallets of Bitcoin, Ether, Dogecoin, XRP, and Solana.

Cybersecurity experts say the stolen assets were transferred to burner wallets without access keys, effectively destroying them in a rare politically charged crypto burn. Nobitex stated it has isolated its systems and will compensate users using its reserve fund.

Nobitex plays a crucial role in Iran’s crypto economy, having processed over $11 billion in inflows, far outpacing all other domestic exchanges. Chainalysis notes the platform also has ties to sanctioned entities and terrorist-linked groups.

The incident is one in a series of recent cyberattacks on Iranian infrastructure, suggesting a growing digital front in the long-standing Iran-Israel conflict.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Episource data breach impacts patients at Sharp Healthcare

Episource, a UnitedHealth Group-owned health analytics firm, has confirmed that patient data was compromised during a ransomware attack earlier this year.

The breach affected customers, including Sharp Healthcare and Sharp Community Medical Group, who have started notifying impacted patients. Although electronic health records and patient portals remained untouched, sensitive data such as health plan details, diagnoses and test results were exposed.

The cyberattack, which occurred between 27 January and 6 February, involved unauthorised access to Episource’s internal systems.

A forensic investigation verified that cybercriminals viewed and copied files containing personal information, including insurance plan data, treatment plans, and medical imaging. Financial details and payment card data, however, were mostly unaffected.

Sharp Healthcare confirmed that it was informed of the breach on 24 April and has since worked closely with Episource to identify which patients were impacted.

Compromised information may include names, addresses, insurance ID numbers, doctors’ names, prescribed medications, and other protected health data.

The breach follows a troubling trend of ransomware attacks targeting healthcare-related businesses, including Change Healthcare in 2024, which disrupted services for months. Comparitech reports at least three confirmed ransomware attacks on healthcare firms already in 2025, with 24 more suspected.

Given the scale of patient data involved, experts warn of growing risks tied to third-party healthcare service providers.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Google launches AI voice chat in Search app for Android and iOS

Google has started rolling out its new ‘Search Live in AI Mode’ for the Google app on Android and iOS, offering users the ability to have seamless voice-based conversations with Search.

Currently available only in the US for those signed up to the AI Mode experiment in Labs, the feature was previewed at last month’s Google I/O conference.

The tool uses a specially adapted version of Google’s Gemini AI model, fine-tuned to deliver smarter voice interactions. It combines the model’s capabilities with Google Search’s information infrastructure to provide real-time spoken responses.

Using a technique called ‘query fan-out’, the system retrieves a wide range of web content, helping users discover more varied and relevant information.

The new mode is particularly useful when multitasking or on the go. Users can tap a ‘Live’ icon in the Google app and ask spoken queries like how to keep clothes from wrinkling in a suitcase.

Follow-up questions are handled just as naturally, and related links are displayed on-screen, letting users read more without breaking their flow.

To use the feature, users can tap a sparkle-shaped waveform icon under the Search bar or next to the search field. Once activated, a full-screen interface appears with voice control options and a scrolling list of relevant links.

Even with the phone locked or other apps open, the feature keeps running. A mute button, transcript view, and voice style settings—named Cassini, Cosmo, Neso, and Terra—offer additional control over the experience.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Microsoft to cut thousands more jobs in July amid AI focus

Microsoft is preparing to lay off thousands more employees next month, primarily in sales teams, as it continues to shift focus toward AI.

The move follows May’s workforce reduction of 6,000 employees, about 3% of its staff, and reflects broader restructuring efforts rather than individual performance issues.

Sources cited by Bloomberg revealed that the next wave of job cuts is likely to begin in early July, following the end of Microsoft’s fiscal year. Although details may still change, internal teams across departments are expected to be impacted, with sales employees taking the largest hit.

The cuts come as Microsoft seeks to streamline operations while investing heavily in data centres and AI infrastructure.

CEO Satya Nadella previously explained that the recent layoffs were not due to poor performance but part of an organisational realignment.

During a company town hall, he stressed the emotional weight of the decision but reiterated that the cuts were necessary to reflect evolving business priorities, especially around AI.

Earlier in April, Microsoft announced that it would rely more on third-party partners to manage software sales for smaller customers.

With tens of billions of dollars allocated to AI development, executives have promised to control spending in other areas, which includes reducing staff in traditional roles like sales and marketing.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

UBS employee data leaked after Chain IQ ransomware attack

UBS Group AG has confirmed a serious data breach affecting around 130,000 of its employees, following a cyberattack on its third-party supplier, Chain IQ Group AG.

The exposed information included employee names, emails, phone numbers, roles, office locations, and preferred languages. No client data has been impacted, according to UBS.

Chain IQ, a procurement services firm spun off from UBS in 2013, was reportedly targeted by the cybercrime group World Leaks, previously known as Hunters International.

Unlike traditional ransomware operators, World Leaks avoids encryption and instead steals data, threatening public release if ransoms are not paid.

While Chain IQ has acknowledged the breach, it has not disclosed the extent of the stolen data or named all affected clients. Notably, companies such as Swiss Life, AXA, FedEx, IBM, KPMG, Swisscom, and Pictet are among its clients—only Pictet has confirmed it was impacted.

Cybersecurity experts warn that the breach may have long-term implications for the Swiss banking sector. Leaked employee data could be exploited for impersonation, fraud, phishing scams, or even blackmail.

The increasing availability of generative AI may further amplify the risks through voice and video impersonation, potentially aiding in money laundering and social engineering attacks.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

AI pioneer warns of mass job losses

Geoffrey Hinton, often called the godfather of AI, has warned that the technology could soon trigger mass unemployment, particularly in white-collar roles. In a recent podcast interview, he said AI will eventually replace most forms of intellectual labour.

According to Hinton, jobs requiring basic reasoning or clerical tasks will be the first to go, with AI performing the work of multiple people. He expressed concern that call centre workers may already be vulnerable, while roles requiring physical skills, like plumbing, remain safer for now.

Hinton challenged the common belief that AI will create more jobs than it eliminates. He argued that unless someone has highly specialised expertise, they may find themselves outpaced by machines capable of learning and performing cognitive tasks.

He also criticised OpenAI’s recent corporate restructuring, saying the shift towards a profit-driven model risks sidelining the public interest. Hinton, alongside other critics including Elon Musk, warned that the changes could divert AI development from its original mission of serving humanity.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

New Meta smart glasses target sports enthusiasts

Meta is set to launch a new pair of AI-powered smart glasses under the Oakley brand, targeting sports users. Scheduled for release on 20 June, the glasses mark an expansion of Meta’s partnership with eyewear giant EssilorLuxottica.

Oakley’s sporty design and outdoor functionality make it ideal for active users, a market Meta aims to capture with this launch. The glasses will feature a central camera and likely retail for around $360.

This follows the success of Meta’s Ray-Ban smart glasses, which include AI assistant integration and hands-free visual capture. Over two million pairs have been sold since 2023, according to EssilorLuxottica’s CEO.

Meta CEO Mark Zuckerberg continues to push smart eyewear as a long-term replacement for smartphones. With high-fashion Prada smart glasses also in development, Meta is betting on wearable tech becoming the next frontier in computing.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Canva rolls out text-to-video tool for creators

Canva has launched a new tool powered by Google’s Veo 3 model, allowing users to generate short cinematic video clips using simple text prompts. Known as ‘Create a Video Clip’, the feature produces eight-second videos with sound directly inside the Canva platform.

This marks one of the first commercial uses of Veo 3, which debuted last month. The AI tool is available to Canva Pro, Teams, Enterprise and Nonprofit users, who can generate up to five clips per month initially.

Danny Wu, Canva’s head of AI products, said the feature simplifies video creation with synchronised dialogue, sound effects and editing options. Users can integrate the clips into presentations, social media designs or other formats via Canva’s built-in video editor.

Canva is also extending the tool to users of Leonardo.Ai, a related image generation service. The feature is protected by Canva Shield, a content moderation and indemnity framework aimed at enterprise-level security and trust.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

AI helps Google curb scams and deepfakes in India

Google has introduced its Safety Charter for India to combat rising online fraud, deepfakes and cybersecurity threats. The charter outlines a collaborative plan focused on user safety, responsible AI development and protection of digital infrastructure.

AI-powered measures have already helped Google detect 20 times more scam-related pages, block over 500 million scam messages monthly, and issue 2.5 billion suspicious link warnings. Its ‘Digikavach’ programme has reached over 177 million Indians with fraud prevention tools and awareness campaigns.

Google Pay alone averted financial fraud worth ₹13,000 crore in 2024, while Google Play Protect stopped nearly 6 crore high-risk app installations. These achievements reflect the company’s ‘AI-first, secure-by-design’ strategy for early threat detection and response.

The tech giant is also collaborating with IIT-Madras on post-quantum cryptography and privacy-first technologies. Through language models like Gemini and watermarking initiatives such as SynthID, Google aims to build trust and inclusion across India’s digital ecosystem.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!