Industrial and Commercial Bank of China’s hack left its U.S. unit temporarily owing Bank of New York Mellon $9 billion as a result of unsettled trades, prompting the parent to inject capital into the unit to settle the trades, sources familiar with the matter said.
Industrial and Commercial Bank of China injected significant capital into its U.S. unit to help settle trades after it was hacked this week and has hired a third party to make sure its systems are safe.
Alphabet’s Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial intelligence chatbot startup seeks capital to train models and keep up with user demand, two sources briefed on the matter told Reuters.
U.S. curbs on China have created a game of “catch me if you can” with U.S. chip giant Nvidia and other companies, which affect the interests of both countries and will accelerate Chinese innovation, the Global Times newspaper said on Saturday.
The Australian government said on Saturday that it was coordinating a response to a cybersecurity incident that forced ports operator DP World Australia to suspend operations at ports in several states.
The bank injected capital into its U.S. unit to help pay BNY Mellon $9 billion for unsettled trades and hired a cybersecurity firm to enable it to resume normal business after a ransomware attack.
A cybercriminal group named Lockbit, which on Friday said it breached the Industrial and Commercial Bank of China(ICBC), has hacked some of the world’s largest organisations in recent months, stealing and leaking their sensitive data if they didn’t pay ransom. Here are some details about the group:
U.S. Treasury Secretary Janet Yellen on Friday said the ransomware attack on the Industrial and Commercial Bank of China that disrupted China’s largest bank had not interfered with the market for U.S. government debt.
OpenAI’s announcement on artificial intelligence “apps” do not spell the death knell for nascent startups building AI products, two OpenAI investors said at a Reuters NEXT conference on Thursday.
