Microsoft has officially launched ‘Bing Generative Search,’ a new AI-powered feature that generates summaries of search results, aiming to enhance how users interact with search engines. After a pilot in July, the feature is now being rolled out to US users. To try it, users can search “Bing generative search,” or trigger it through informational queries. Bing generative search uses a blend of AI models to compile information from across the web, offering an easy-to-read summary alongside traditional search links.
This feature evolves from Bing’s AI chat integration launched in February 2023, but now provides search results in a fresh, AI-generated format that aims to better fulfill user intent. For example, a search like ‘What’s a spaghetti western?’ would display a detailed overview of the genre’s history and examples, accompanied by relevant sources. However, users can opt out of the AI summaries if they prefer traditional search results.
While Microsoft promises that Bing’s AI-powered search still maintains website traffic, concerns have risen across the industry. Competitor Google’s AI Overviews have already been criticized for diverting traffic from publishers and, at times, delivering inaccurate results. Although Bing holds a smaller portion of the global search market compared to Google, Microsoft is keen to monitor the impact of generative AI on web traffic.
Amazon has secured a partial victory in a US antitrust case brought by the Federal Trade Commission (FTC). The federal court ruled in favour of Amazon’s request to dismiss some of the claims, though others will proceed. The ruling, issued in Seattle, has not yet been fully disclosed.
The FTC initially accused Amazon of using unfair tactics to maintain its dominance in the online market. The lawsuit claimed Amazon’s algorithms raised prices, costing US households over $1 billion. The company has stated it ceased using the controversial pricing system in 2019.
Although the court granted some of Amazon’s requests, other parts of the case remain active. Judge John Chun ruled that the trial would proceed in two phases, separating evidence on violations and proposed remedies. The FTC continues to pursue remaining claims.
Amazon, along with other tech giants like Meta, Apple, and Google, is facing increased scrutiny from antitrust regulators. FTC Chair Lina Khan has been vocal in challenging Amazon’s practices, citing longstanding concerns about its market influence.
As Google‘s trial on allegations of monopolising the advertising technology market draws to a close, experts believe the financial risk to the tech giant is minimal. The US Department of Justice (DOJ) and a coalition of states accuse Google of illegally controlling the markets used by advertisers and publishers to buy and sell online ads. However, analysts point out that the ad tech business at the centre of the trial, Google Network, is declining and represents a smaller portion of the company’s overall revenue compared to its dominant search business.
In 2023, advertising made up over 75% of Google’s $307.4 billion revenue, though the Network division, which is central to the DOJ case, contributed just $31.4 billion. The DOJ is pushing for the divestiture of Google Ad Manager, but analysts believe that even if Google loses, the financial impact would be small, with revenue losses potentially under 10%. Google has defended itself by highlighting strong competition from other platforms, especially in mobile apps and streaming ads, which could undermine the DOJ’s argument.
The more significant worry for Google lies in the potential consequences of a ruling in favour of the DOJ, as it could facilitate easier transitions for advertisers and publishers between platforms. A successful case might establish a legal precedent that holds tech companies accountable for monopolistic practices. However, the overall impact will hinge on the trial’s outcome and the remedies the court proposes in the upcoming months.
The United States has imposed sanctions on Russian national Sergey Sergeevich Ivanov and cryptocurrency firm Cryptex, which operates in Russia despite being based in Saint Vincent and the Grenadines, according to the Treasury Department. The sanctions target individuals and organisations involved in facilitating cybercrime and illicit financial activity.
Additionally, the United States Treasury’s Financial Crimes Enforcement Network identified Russian crypto exchange PM2BTC as a ‘primary money laundering concern.’ Officials stressed their commitment to preventing cybercrime networks like PM2BTC and Cryptex from continuing operations, according to acting undersecretary Bradley Smith.
The US State Department has also announced rewards of up to $10 million for information leading to the arrest or conviction of Ivanov and Timur Shakhmametov for their involvement in transnational organised crime. It is also offering rewards of up to $1 million for information on the leaders of crypto exchange PM2BTC and stolen credit card marketplaces PinPays and Joker’s Stash.
These efforts underscore the US government’s continued crackdown on cybercriminal networks and illicit financial activities that threaten global security and economic stability.
The United States Department of Justice is investigating Super Micro Computer, according to a Wall Street Journal report citing sources familiar with the matter. Following the news, shares of the AI server maker fell by about 5%.
Earlier in the month, Super Micro had denied allegations made by short-seller Hindenburg Research, which accused the company of ‘accounting manipulation’ and cited issues like undisclosed related-party transactions and failure to comply with export controls.
Hindenburg revealed its short position in Super Micro in August, prompting a further examination of the company’s financial practices. Super Micro has dismissed the report as containing ‘false or inaccurate statements.’ The server maker did not immediately respond to requests for comment from Reuters.
Three Iranian nationals have been indicted in the US for their alleged involvement in a hacking campaign targeting former President Donald Trump’s 2020 campaign. The US Justice Department unsealed charges against Seyyed Ali Aghamiri, Yasar Balaghi, and Masoud Jalili, who are believed to be affiliated with Iran’s Islamic Revolutionary Guard Corps (IRGC). The three individuals, based in Iran, face charges including material support for terrorism, computer fraud, wire fraud, and identity theft.
Though no evidence suggests the stolen data was used, Iran’s intent to influence the US election was highlighted. The State Department has issued a $10 million reward for information leading to the capture of Aghamiri, Balaghi, and Jalili. According to the indictment, the hackers impersonated government officials and used spear-phishing tactics to infiltrate systems and steal sensitive information. Their motives, beyond general geopolitical disruption, reportedly included avenging the death of Iranian military commander Qasem Soleimani, who was killed in a US strike in January 2020.
The US and UK governments issued indictments alongside sanctions and alerts, highlighting ongoing cybersecurity threats posed by the IRGC. Both countries’ cybersecurity agencies jointly released a 14-page advisory detailing recent cyber activities linked to the IRGC, cautioning against tactics described in the indictment and additional tools used to target presidential campaigns, senior government officials, think tank leaders, journalists, activists, and lobbyists. In addition, John Hultquist from Google’s Threat Intelligence Group stated that Iran controls ‘multiple contractors’ responsible for some of the most aggressive cyber operations in the Middle East, Europe, and the US.
Spotify faced a three-hour outage, disrupting service for over 40,000 users in the US. Users reported problems with playlists, random stops in music, and being unable to stream beyond recently played songs. By the afternoon, fewer than 600 users continued to experience issues.
Downdetector, a site that tracks outages, recorded the disruption, while Spotify reassured users on social media that services were returning to normal. However, the company did not comment on the cause of the outage when contacted by Reuters.
We’re aware of some issues right now with the app and our web page, and are checking them out!
Despite this incident, Spotify’s subscriber base remains strong. In the second quarter, the number of paying subscribers rose to 246 million.
The temporary outage in the US was an inconvenience for many, but Spotify quickly moved to resolve the issue. Most users saw their services restored within a few hours, ensuring minimal disruption overall.
A federal judge has scaled down a privacy lawsuit against Apple, which alleged the company collected personal data from iPhone, iPad, and Apple Watch users without permission. The lawsuit targets Apple’s apps, including the App Store, Apple Music, and Apple TV. US District Judge Edward Davila dismissed most claims involving the “Allow Apps to Request to Track” setting, clarifying that it only governs data collection by third-party apps and websites, not Apple’s in-house apps.
Despite dismissing many claims, the judge allowed some to proceed related to Apple’s ‘Share [Device] Analytics’ setting. The plaintiffs claim that Apple continued collecting data even after users disabled the setting, despite promises that it would stop data sharing. Judge Davila agreed, noting that users could reasonably assume they had withdrawn consent based on Apple’s own disclosure that disabling the option would prevent data collection.
This lawsuit is part of a broader trend of legal actions against major tech companies like Google and Meta, accusing them of gathering user data without proper consent. Neither Apple nor the plaintiffs’ lawyers have responded to requests for comment on the case as it unfolds.
A British man has been arrested and charged by US authorities for hacking into the computers of five companies to illegally obtain information about their expected earnings, resulting in profits of $3.75 million from insider trading. Robert Westbrook, 39, from London, faces multiple charges, including securities fraud, wire fraud, and five counts of computer fraud, with the US Department of Justice seeking his extradition.
Westbrook was arrested this week in the UK and is facing additional civil charges from the US Securities and Exchange Commission (SEC). Although the companies involved were not explicitly named in court documents, financial details indicate that they could include Tupperware, Tutor Perini, Guidewire Software, Murphy USA, and Lumentum Holdings.
Authorities allege that Westbrook was involved in a “hack-to-trade” scheme, gaining access to executives’ email accounts between January 2019 and May 2020. He allegedly utilised nonpublic information to trade stocks and options before at least 14 earnings announcements and even set up automatic forwarding of emails from these executives to his accounts.
Jorge Tenreiro, acting chief of the SEC’s crypto assets and cyber unit, characterised Westbrook’s actions as sophisticated international hacking, involving the use of anonymous email accounts, VPNs, and bitcoin to conceal his activities. Each charge of securities and wire fraud carries a maximum penalty of 20 years in prison, while the computer fraud charges could lead to up to five years each.
Semiconductor manufacturers are set to pour a record $400 billion into chip-making equipment from 2025 to 2027, as the global industry association SEMI estimates. This surge is being driven by China, South Korea, and Taiwan, who are ramping up their production capacity in response to US-China trade tensions and soaring demand for AI and memory chips. Investment is expected to jump by 24%, reaching $123 billion in 2025 alone.
China is projected to lead the investment race, committing over $100 billion in the next three years as it strives for self-sufficiency in semiconductor production. South Korea, home to major memory chip producers Samsung and SK Hynix, is expected to spend $81 billion, while Taiwan, led by chipmaking giant TSMC, plans to invest $75 billion. Other regions, including the Americas, Japan, and Europe, are also ramping up investments, driven by government policies aimed at securing semiconductor supply chains.
Leading chip-making equipment suppliers, such as ASML, Applied Materials, KLA Corp, Lam Research, and Tokyo Electron, are set to benefit significantly from this investment boom. By 2027, spending on semiconductor equipment in the US, Japan, and Europe is expected to more than double from 2024 levels as countries push to stabilise semiconductor supply chains for emerging technologies.
