Google has filed a lawsuit against a Chinese cybercrime network called Outsider Enterprise, accusing it of using Google's AI system, Gemini, to create hundreds of fake websites and send millions of scam messages to Americans. The group mimicked trusted companies and government services to defraud people, affecting hundreds of thousands mostly in the US. Google is working with the FBI and major wireless providers to shut down the network and prevent a surge in AI-powered online fraud, which is growing rapidly and caused nearly $21 billion in losses last year. The case highlights the increasing threat of AI-enhanced scams and the need for coordinated law enforcement action.
Microsoft, Alphabet, and Amazon are leading hyperscaler cloud platforms showing accelerating revenue growth driven by AI investments, despite rising capital expenditures. Microsoft’s Intelligent Cloud revenue grew 30% YoY with a $627 billion backlog,...
SpaceX went public with a valuation close to $2 trillion, marking a significant milestone for the company. Investor Shaun Maguire praised Elon Musk as a visionary entrepreneur and highlighted SpaceX's potential for dramatic growth, driven by projects...
The Magnificent Seven—Microsoft, Apple, Alphabet, Amazon, Meta, Nvidia, and Tesla—dominate major U.S. indexes like the S&P 500 and Nasdaq-100. Investors can now choose ETFs that either concentrate solely on these tech giants, like the Roundhill Magni...
Last week, investors shifted their focus from large-cap tech stocks, especially the 'Magnificent Seven,' to smaller and micro-cap stocks, favoring value over growth for the second week in a row. This rotation saw inflows into sectors like Blockchain,...
Google has filed a lawsuit against Outsider Enterprise, an alleged Chinese cybercrime network using AI to send scam texts impersonating Google and other brands to steal passwords and credit card data. The group reportedly scammed hundreds of thousand...
