HYBE is at serious risk of depleting cash reserves after the put option rate for its third convertible bonds, issued in 2021, has soared over 80%. This implies that many HYBE investors are trying to redeem what they might be deeming as a losing investment. A put option refers to an early redemption claim that […]
Google’s GenAI facing privacy risk assessment scrutiny in Europe
Google’s lead privacy regulator in the European Union has opened an investigation into whether or not it has complied with the bloc’s data protection laws in relation to use of people’s information for training generative AI. Specifically it’s looking into whether the tech giant needed to carry out a data protection impact assessment (DPIA) in […]
NIST releases a tool for testing AI model risk
The National Institute of Standards and Technology (NIST), the U.S. Commerce Department agency that develops and tests tech for the U.S. government, companies and the broader public, has re-released a testbed designed to measure how malicious attacks — particularly attacks that “poison” AI model training data — might degrade the performance of an AI system. […]
US bans sale of Kaspersky software citing security risk from Russia
The U.S. government announced on Thursday that it is banning the sale of Kaspersky antivirus in the country, and is asking Americans who use the software to switch to a different provider. The Commerce Department’s Bureau of Industry and Security said it imposed the “first of its kind” ban, arguing that Kaspersky threatens U.S. national […]
UK opens office in San Francisco to tackle AI risk
Ahead of the AI safety summit kicking off in Seoul, South Korea later this week, its co-host the United Kingdom is expanding its own efforts in the field. The AI Safety Institute – a U.K. body set up in November 2023 with the ambitious goal of assessing and addressing risks in AI platforms – said […]