Hongkongers swindled out of HK$136 million by online scammers in just 1 week, as police warn over internet fraud

Hongkongers swindled out of HK6 million by online scammers in just 1 week, as police warn over internet fraud

The force issued the alert on Friday, a day after officers revealed a new tactic used to dupe a businesswoman out of HK$41 million worth of cryptocurrency in an online investment fraud. Inspector Leung Man-yee on Thursday said the fraudsters had orchestrated in-person transactions to lower the victim’s guard and trick her into going along …

Read more

China’s Nvidia Contender Cambricon Tech Struggles To Push Chinese-Made AI Chips as It Marks 7th Consecutive Year of Losses – China Money Network

China’s Nvidia Contender Cambricon Tech Struggles To Push Chinese-Made AI Chips as It Marks 7th Consecutive Year of Losses – China Money Network

Cambricon Technologies, a company ambitiously striving to become China’s Nvidia and once hailed as the pioneer of artificial intelligence (AI) chip development in the country, is anticipating a net loss ranging from 756 million to 924 million yuan for 2023. This marks the seventh consecutive year of losses for the company. After undergoing multiple rounds …

Read more

Web search exec breaks down how ‘SEO parasites’ and AI-enabled spam are breaking the internet

Web search exec breaks down how ‘SEO parasites’ and AI-enabled spam are breaking the internet

Google search increasingly looks like it just isn’t working the way it used to. The search engine that has become a 21st century staple in virtually everyone’s lives, used billions of times a day, is struggling with the unintended consequences of a recent update. Basically, it’s all spammed up. Welcome to web search’s junk mail …

Read more

Google search reels from AI spam, algorithm update for ‘worst results’ in at least 14 years: SEO executive

Google search increasingly looks like it just isn’t working the way it used to.  The search engine that has become a 21st century staple in virtually everyone’s lives, used billions of times a day, is struggling with the unintended consequences of a recent update. Basically, it’s all spammed up. Welcome to web search’s junk mail …

Read more

Google paid $26 billion in 2021 for default search engine status

Google paid  billion in 2021 for default search engine status

Vice president Prabhakar Raghavan testified Friday that Google paid $26.3 billion in 2021 for the purpose of maintaining default search engine status and acquiring traffic, Bloomberg reports. It’s likely the lion’s share of that sum went to Apple, which it has showered with exorbitant sums for many years in order to remain the default search …

Read more

Google: Google vs the US government: What, why and all other details of one of the biggest court fight of the decade

Google: Google vs the US government: What, why and all other details of one of the biggest court fight of the decade

The US Justice Department and a coalition of state attorneys general on Tuesday (September 12) will begin one of the biggest-ever antitrust trial against Google. It will be Google versus the US in the biggest antitrust trial in decades. Here’s a ready reckoner on the issue that answers all key issues: What is the US …

Read more

Search to undergo a transformation of a lifetime as Amazon prepares its plans

Search to undergo a transformation of a lifetime as Amazon prepares its plans

Amazon is reportedly set to embark on a cutting-edge project involving AI. Recently, a job posting for a senior software development engineer revealed that Amazon is planning to revolutionize its search tool with a conversational AI experience. The post aimed to find a candidate who can help the company implement an interactive conversational experience to …

Read more