Tech News

1. AI and Machine Learning:

   • An MIT study estimates that AI can technically perform 11.7% of US labor market tasks, equating to $1.2 trillion in wages. 👉 slashdot.org 👉 cnbc.com
   • Tim Sweeney, Epic Games CEO, believes that AI will be involved in nearly all future game production and that AI tags on storefronts are unnecessary. 👉 gamesindustry.biz
   • The USPTO issues new guidelines clarifying that generative AI is considered a tool that assists human inventors and cannot itself be considered an inventor. 👉 reuters.com

2. Data Breaches and Leaks:

   • OpenAI is notifying ChatGPT API customers about a data breach via third-party analytics provider Mixpanel, which exposed limited identifying information. 👉 bleepingcomputer.com 👉 openai.com
   • Taiwanese prosecutors searched the homes of a former TSMC executive after TSMC alleged he leaked sensitive information to Intel. 👉 bloomberg.com^$
   • The FBI warns of a surge in account takeover (ATO) fraud schemes, with cybercriminals impersonating financial institutions to steal over $262 million since the start of the year. 👉 bleepingcomputer.com
   • A new EU law will hold platforms like Meta and TikTok liable for financial scams that have been reported. 👉 politico.eu
   • The S&P downgrades the ability of Tether's USDT to maintain its US dollar peg to “weak”, the lowest rating, citing exposure to high-risk assets such as bitcoin. 👉 bloomberg.com^$
   • Research shows that organizations are pasting passwords and credentials into online tools, like JSONformatter and CodeBeautify, exposing the data. 👉 thehackernews.com

3. Cyberattacks and Malware:

   • A new Mirai-based botnet malware called 'ShadowV2' is targeting IoT devices, using the AWS outage as a test opportunity. 👉 bleepingcomputer.com
   • Greek authorities shut down an IPTV piracy operation on Santorini, arresting a reseller and referring 68 end users for prosecution. 👉 torrentfreak.com
   • The U.S. Patent and Trademark Office (USPTO) issued new guidelines on when inventions created with the help of artificial intelligence can be patented. 👉 reuters.com
   • A new legal framework to tackle online infringement in Greece went live just a couple of months ago, and reports of prosecutions are already coming in. 👉 torrentfreak.com
   • A new report unmasked "Rey", the admin of cybercriminal group Scattered LAPSUS$ Hunters, a 15-year-old from Amman, Jordan. 👉 krebsonsecurity.com
   • An analysis shows that data center power demands have delayed 15 coal plants' retirements since 2023 and the Trump administration ordered two power plants to remain open. 👉 politico.eu
   • A German court sentences Share-Online operator to a two-year suspended prison term. 👉 torrentfreak.com
   • The European Parliament calls for 16 as minimum age on social media. 👉 siliconrepublic.com

4. Government and Regulations:

   • The EU states agree on a position on draft child protection legislation without forcing Big Tech to find and remove CSAM. 👉 reuters.com
   • Apple is challenging a new Indian antitrust law that would let regulators calculate penalties based on global revenue, which could expose the company to a fine of roughly $38 billion. 👉 macrumors.com
   • Mexico plans to build what it claims will be Latin America's most powerful supercomputer, named "Coatlicue," to capitalize on AI and expand computing capacity. 👉 apnews.com

5. Business and Finance:

   • Jefferies reports that Tether, which said it held 116 tons of gold in September, is “the largest holder of gold outside central banks”, buying 26 tons in Q3 and 24 in Q2. 👉 ft.com^$
   • Intel denies allegations in a TSMC lawsuit that former TSMC executive Wei-Jen Lo likely leaked trade secrets after retiring from TSMC and joining Intel. 👉 reuters.com
   • Alibaba starts selling Quark S1, its first smart glasses powered by its Qwen AI models, for ~$537 in China, and plans to release international versions in 2026. 👉 bloomberg.com^$
   • Reliance, Brookfield, and Digital Realty's joint venture Digital Connexion plans to invest $11B by 2030 to build a 1 GW data center in India's Visakhapatnam. 👉 bloomberg.com^$
   • The UK government will levy a pay-per-mile tax on electric and plug-in hybrid vehicles starting April 2028. 👉 bbc.com
   • Quantum Systems, which sells surveillance drones that are being used by Ukraine, raised €180M, tripling its valuation to €3B since May. 👉 bloomberg.com^$
   • Tidalwave, whose AI agents automate mortgage docs checks and give real-time multilingual feedback to borrowers, raised a $22M Series A led by Permanent Capital. 👉 fortune.com
   • Clover Security, whose AI agents plug into developer platforms like GitHub to predict and detect security flaws, raised $36M led by Notable Capital and Team8. 👉 axios.com
   • AI legal compliance startup Norm Ai, which is launching an independent law firm offering “AI-native legal services”, raised $50M from Blackstone. 👉 prnewswire.com
   • San Francisco Compute, which provides a marketplace for AI computing capacity, raised a $40M Series A led by DCVC and Wing Venture Capital at a $300M valuation. 👉 wsj.com^$
   • Point One Navigation, which develops precise location tech, raised a $35M Series C led by Khosla Ventures, (3 days ago). 👉 techcrunch.com
   • Coverbase, an AI procurement and risk platform provider, raised a $16.5M Series A led by Canapi Ventures, bringing its total funding to $20M (1 week ago). 👉 news.crunchbase.com

6. Vulnerabilities and Security Measures:

   • Microsoft is set to enhance Entra ID sign-in security by blocking unauthorized script injection attacks, starting in mid-to-late October 2026. 👉 bleepingcomputer.com 👉 thehackernews.com
   • GreyNoise Labs launched GreyNoise IP Check, a free tool to check if an IP address is part of a botnet or residential proxy network. 👉 bleepingcomputer.com
   • A vulnerability in the 'node-forge' package could be exploited to bypass signature verifications. 👉 bleepingcomputer.com
   • ASUS released new firmware to patch nine security vulnerabilities, including a critical authentication bypass flaw in routers with AiCloud enabled. 👉 bleepingcomputer.com

7. Retail and Security:

   • A review of Passwork highlights its self-hosted platform that unifies enterprise password and secrets management. 👉 bleepingcomputer.com

8. Other News

   • A bipartisan right-to-repair provision that would let the U.S. military fix its own equipment faces a serious threat from defense industry lobbyists. 👉 slashdot.org
   • The UK proposes a “no gain, no loss” tax rule for crypto lending and liquidity pools in DeFi, deferring capital gains tax until a true economic disposal occurs. 👉 coindesk.com
   • A recent survey found only two per cent of Instagram users show signs of addiction. 👉 cybernews.com
   • German drone maker Quantum Systems triples valuation after new funding round. 👉 reuters.com

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