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June 3rd - Recently, several private banks have collectively lowered interest rates on medium- and long-term fixed deposits. Many medium- and long-term fixed deposit products that previously offered interest rates in the "2%" range have now fallen back to the "1%" range, with some banks even discontinuing these products altogether. Experts interviewed analyzed that the advantage of high-interest deposits offered by private banks is gradually fading, and the industrys transformation is accelerating. Affected by interest rate changes, the logic of residents savings allocation has clearly shifted, and private banks urgently need to break free from the predicament of homogenization and seek long-term development through differentiated approaches.Japanese Finance Minister Satsuki Katayama: I agree with the views of the Bank of Japan Governor on several issues.Artificial Intelligence: 1. Microsoft launches AI software that can act as an administrative assistant. 2. Nvidia collaborates with Microsoft to develop a unified technology stack for agent-based AI. 3. The EUs AI data center plan is hampered by delays and funding issues. 4. Tencent Cloud: Reduces the price of its DeepSeek-V4 series models by up to 97.5%. 5. Anthropic is providing access to Mythos to an additional 150 institutions worldwide. 6. OpenAI plans to launch AI tools for the financial and legal sectors to compete with Anthropic. 7. Trump signs an executive order on AI, requiring AI companies to submit large-scale models to the government for review before releasing them. Integrated Circuits (Chips): 1. Arm CEO: The $15 billion sales target for its own chips may be achieved ahead of schedule. 2. SK Hynix plans to double its wafer capacity within five years. 3. Nvidia announces full-scale production of NVIDIA Spectrum-X Ethernet silicon photonics technology. 4. Microsoft launches a new quantum chip, aiming to build a practical quantum computer by 2029. Other: 1. SoftBank plans to invest $300 million in robotics startup Agile Robots. 2. IBM plans to invest over $10 billion in quantum computing over the next five years. 3. SpaceX seeks to reduce its IPO underwriting fee to 0.75%. 4. Jensen Huang stated that Marvell Technology will become the next trillion-dollar company. 5. my country achieves a major breakthrough in optical communication technology; the worlds first three-band ultra-low-loss multi-core optical cable line is officially opened. 6. Tencent Cloud: Reduces the price of its DeepSeek-V4 series models by up to 97.5%. According to Iranian media reports, the Iranian Revolutionary Guard launched missiles at a “US-affiliated vessel named PANAYA” in response to the US attack on an Iranian oil tanker near the Strait of Hormuz.1. Russian Ministry of Defense: High-precision long-range weapons were used to strike Ukrainian defense industrial facilities. 2. Ukrainian Air Force spokesperson: Russia launched eight Zircon hypersonic missiles in a nighttime attack on Ukraine, possibly the largest number launched during the Russia-Ukraine conflict. 3. Zelenskyy stated that the Russian attack has resulted in 22 deaths and 130 injuries in Ukraine. 4. Kyiv official: The death toll from hostile attacks in Kyiv has risen to 79. 5. Ukrainian President Zelenskyy: The delivery of anti-missile weapons cannot keep pace with the Russian missile attacks. 6. Hungarian Prime Minister: An agreement with Ukraine is expected this week, thus initiating the EU accession negotiation process. 7. According to Politico: Ukraine and Moldova are expected to begin formal EU membership negotiations in June.

On September 13 a Twitter leaker will meet before a Senate subcommittee

Charlie Brooks

Aug 25, 2022 10:47

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On September 13, the U.S. Senate Judiciary committee will hold a hearing with former Twitter Inc (NYSE:TWTR) security chief Peiter "Mudge" Zatko to investigate his whistleblower complaint alleging that the social media company duped regulators.


According to a spokeswoman for Zatko, he has previously raised his complaint with the staffs of the Senate Judiciary Committee chair and ranking member, the House Energy and Commerce Committee, and the Senate Intelligence Committee. Zatko accused Twitter of fraudulently asserting that it had a good security plan and making misleading comments regarding its defenses against hackers and spam accounts.


According to documents provided to congressional investigators, Zatko, a renowned hacker also known as "Mudge," alleged in an 84-page complaint that Twitter prioritized user growth over reducing spam, with executives eligible to win individual bonuses of up to $10 million tied to increases in daily users, but nothing explicitly for reducing spam.


Twitter has referred to the claim as a "fake story."


"The Senate Judiciary Committee will further investigate this matter with a full committee hearing during this work period, and will take any additional steps required to get to the bottom of these alarming allegations," said committee chair Senator Richard Durbin and leading Republican member Senator Chuck Grassley.


This week, Zatko also met with Senator Richard Blumenthal's staff members. Blumenthal is a Democrat who serves on the Senate Commerce Committee and the Judiciary Committee.


According to disclosures and evidence provided by Peiter 'Mudge' Zatko, a reputable cybersecurity expert who served as Twitter's Security Lead from 2020 to 2022, Twitter executives allegedly failed to address significant security vulnerabilities, neglected the mishandling of personal data, and disregarded known privacy risks to users for over a decade.


Blumenthal urged an investigation by the FTC in his letter.

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