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Google sues unnamed individuals in India and Vietnam for tricking US-based SMB owners with Facebook accounts into clicking fake Bard ads that install malware (John D. McKinnon/Wall Street Journal)

John D. McKinnon / Wall Street Journal: Google sues unnamed individuals in India and Vietnam for tricking US-based SMB owners with Facebook accounts into clicking fake Bard ads that install malware  —  Lawsuit attributes the alleged scheme to hackers in India and Vietnam  —  Scammers are capitalizing on the rush of consumer interest …

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OpenAI, Anthropic, Discord, Vimeo, and others sign up to the Christchurch Call to Action, established after a 2019 mass killing to moderate extremist content (Ryan Heath/Axios)

Ryan Heath / Axios: OpenAI, Anthropic, Discord, Vimeo, and others sign up to the Christchurch Call to Action, established after a 2019 mass killing to moderate extremist content  —  Ardern sat down with Axios in Paris Friday to explain how AI is changing her approach to extremist content.

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The Block sells an 80% stake to Singaporean VC Foresight Ventures, valuing the crypto outlet at $70M and freeing the business from financial ties to FTX (Axios)

Axios: The Block sells an 80% stake to Singaporean VC Foresight Ventures, valuing the crypto outlet at $70M and freeing the business from financial ties to FTX  —  Crypto media company The Block sold a majority stake to Singaporean venture capital firm Foresight Ventures in a deal valuing the crypto outlet at $70 million.

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Q&A with Microsoft EVP of Business Development Chris Young on the AI hype, Microsoft making a business out of AI, the non-tech early adopters of AI, and more (Tom Dotan/Wall Street Journal)

Tom Dotan / Wall Street Journal: Q&A with Microsoft EVP of Business Development Chris Young on the AI hype, Microsoft making a business out of AI, the non-tech early adopters of AI, and more  —  Top strategy executive views nontech customers as artificial intelligence’s big untapped market

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Security, privacy, and generative AI

Since the proliferation of large language models (LLMs), like OpenAI’s GPT-4, Meta’s Llama 2, and Google’s PaLM 2, we have seen an explosion of generative AI applications in almost every industry, cybersecurity included. However, for a majority of LLM applications, privacy and data residency is a major concern that limits the applicability of these technologies.

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Didi reports Q3 revenue up 25% YoY to ~$7B, a ~$14.7M net income, up from a ~$274M loss in Q3 2022, and plans to buy back $1B in shares over the next 24 months (Reuters)

Reuters: Didi reports Q3 revenue up 25% YoY to ~$7B, a ~$14.7M net income, up from a ~$274M loss in Q3 2022, and plans to buy back $1B in shares over the next 24 months  —  Didi Global, China’s largest ride-hailing company, on Monday reported its first quarterly profit since 2021 …

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Australian telecom Optus says the recent massive outage that impacted 10M+ was caused by “changes to routing information” after a “routine software upgrade” (Byron Kaye/Reuters)

Byron Kaye / Reuters: Australian telecom Optus says the recent massive outage that impacted 10M+ was caused by “changes to routing information” after a “routine software upgrade”  —  Australian telecoms provider Optus said on Monday that a massive outage which effectively cut off 40% …

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Sam Altman says he expected “to raise a lot more” from Microsoft and other investors to keep up with the punishing costs of building more sophisticated LLMs (Madhumita Murgia/Financial Times)

Madhumita Murgia / Financial Times: Sam Altman says he expected “to raise a lot more” from Microsoft and other investors to keep up with the punishing costs of building more sophisticated LLMs  —  Sam Altman expects big tech group will back start-up’s mission to create software as intelligent as humans

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