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Japans corporate goods price index rose 2.4% year-on-year in December, below the expected 2.40% and the previous reading of 2.70%.Japans corporate goods price index rose 0.1% month-on-month in December, below the expected 0.10% and the previous reading of 0.30%.New Energy Vehicles: 1. Huaweis Yu Chengdong led a delegation to visit Dongfeng Motor. 2. The China Association of Automobile Manufacturers (CAAM) predicts that Chinas total automobile sales will reach 34.75 million units in 2026, a year-on-year increase of 1%. 3. Shanghai: By 2027, high-level autonomous driving application scenarios will achieve large-scale implementation. 4. CAAM: Automobile production and sales will reach new highs in 2025, reaching 34.531 million and 34.4 million units respectively. 5. Three departments held a symposium with new energy vehicle companies: resolutely resisting disorderly "price wars" and severely punishing violating companies according to law and regulations. Artificial Intelligence: 1. Alibaba: A press conference for the Qianwen APP will be held at 10:00 AM on January 15th. 2. Musks xAI is under investigation in California for allegedly generating inappropriate images. 3. Microsofts investment in Anthropic AI is reportedly reaching $500 million. 4. ByteDance is developing a new generation of Doubao AI headphones, equipped with a camera module. 5. Controversy over AI chatbot generating inappropriate images; Musk responds: unaware. 6. Trump: Imposes 25% tariff on imported chips not used in US AI. White House: May expand chip import tariffs soon. 7. According to the Wall Street Journal: OpenAI will use Cerebras-designed chips to power ChatGPT; the deal is worth over $10 billion. Other: 1. Baidu is reportedly considering changing its primary listing location to Hong Kong. 2. DeepSeeks Liang Wenfengs Huanfang Quantitative Fund achieved a 56.6% return in 2025, with assets under management exceeding 70 billion yuan. 3. Sources: Software startup Temporal Technologies is in talks to raise new funding at a $5 billion valuation. 4. IDC: Global smartphone shipments will reach 1.26 billion units in 2025; Apple will remain number one for the third consecutive year, and Huawei will be number one domestically. 5. Trump: Imposes 25% tariff on imported chips not used in US AI. White House: May impose broader tariffs on semiconductor and related products soon. According to the Wall Street Journal, Blackstone Groups (BX.N) flagship real estate fund for individual investors achieved its strongest performance in three years in 2025, primarily driven by its investments in the data center sector. The Blackstone Real Estate Income Trust (BREIT) delivered a total return of 8.1% for the year, growing its assets to over $54 billion.On January 15th, local time, the U.S. House of Representatives passed a two-part spending bill on January 14th with 341 votes in favor and 79 against, providing funding for most departments of the federal government. This is reportedly the latest effort by both parties to avoid a government shutdown at the end of the month. The bill merges funding for the State Department and certain national security programs with funding for the Treasury Department, IRS, and other financial services programs, and has now been submitted to the Senate. The Senate is expected to consider the bill next week.

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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