AI optimism sends Nasdaq to new post-Covid high

Investors expect artificial intelligence to unleash a new wave of growth.

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Code Faster and More Accurately, Even in Collaboration, for Just $45

Microsoft Visual Studio Professional 2022 for Windows allows you to code with teams across platforms and languages, and offers advanced tools to ensure accuracy.

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Facebook plans to shut down its news tab in the U.S. and Australia

Meta is trying to distance itself from news media-related regulations and payment complexities as it is planning to remove the news tab on Facebook in the U.S. and Australia. The company said today that it will sunset the product in April 2024. Last year, Meta discontinued Facebook News in the UK, Germany, and France saying […]
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Google to remove some Indian apps over Play Store fees violation

Google has warned it will begin removing apps in India from its Play Store if developers do not comply with its billing policies, taking a definitive step on a three-year matter in what is the company’s largest market by users. The Android-maker said that 10 companies in the country, including “many well-established” names it did […]
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India approves three chip plants with over $15 billion in investments to realize semiconductor ambitions

India has ambitions to become a major chip hub alongside the likes of the U.S. and Taiwan and has been courting foreign firms to set up operations locally.

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Here’s what tech giants are betting on next — from robot dogs to smartphones you can wear on your wrist

Quite a lot was on display at the Mobile World Congress in Spain: Samsung showed off the Galaxy Ring and other players revealed concept smartphones designs.

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Facebook is getting rid of the News tab in the U.S. and Australia

Meta said it would remove a dedicated section for news articles in April that will affect Facebook users in the United States and Australia.

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A third of Brits have shared sensitive ID documents online

A third of people in the UK share sensitive documents unprotected online, according to new research. The research, conducted by identity verification platform IDnow, also suggests that scammers are now using AI to bypass identity checks online. 
IDnow says that those between the ages of 18 and 24 are most at risk, while nearly half (48%) of young people report risking identity theft by sharing personal documents across less secure channels like messaging apps, email, and social media. The over 50s, by contrast, seem to be more weary about what data they share online, with only 21% reporting to have shared their ID through risky channels.
More concerningly, 45% of those surveyed say that they were aware that sending scans and images of ID documents over these channels were a security risk. Yet, despite knowing that transferring information in that way posed a cybersecurity risk, a third (33%) of Brits transferred their data in that fashion anyway. 
But the data also shows that Brits weren’t too well-equipped about other cybersecurity issues and recent technological advancements. A third of survey respondents, for instance, were unaware of what deepfakes were and the security/misinformation risk that they pose.
A worrying trend
In a statement to ThisisMoney, IDnow co-founder and chief technology and security officer Armin Bauer said that “deepfakes are used to break into systems that require you to identify yourself.”
“Fraudsters typically try to generate a completely new person that doesn’t actually exist, or they use a stolen ID card and generate [a deepfake] of the person that it belongs to.”
Meanwhile, IDnow document and fraud director Lovro Persen added: “Worryingly, this research suggests that the UK public is not as concerned, or aware as they should be of the risks associated with such digitally-generated images or videos.The extraordinary leaps in AI technology mean it’s now almost too easy for a fraudster to carry out financial crimes. Consumers shouldn’t make it even easier for fraudsters though.”
“Our advice is always to think twice before sending a scan or photo of your driving licence or passport into the digital ether via unencrypted channels, such as social media or email.”
Featured Image: Photo by Towfiqu barbhuiya on Unsplash 
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UK government set to trial “red box” tool to cut civil service jobs

The UK Government has started championing the use of AI to replace the roles usually held by civil servants. According to the Financial Times, Oliver Dowden, the UK Deputy Prime Minister, is preparing to roll out a ‘red box’ tool in order to automate some of the tasks that are usually done by civil servants.
Introducing the “red box”
According to the outlet, the ‘red box’ tool absorbs and summarizes information from sources like the parliamentary record. It’s also reported that a second, similar tool is being tested to complete work like individualized responses to parliamentary inquiries.
These types of tasks, Dowden adds, would usually take up to three months with 25 civil servants — and while we don’t know how long it takes with these AI tools by comparison, it’s probably safe to assume that it speeds things up considerably. But don’t worry, everyone hasn’t lost their mind just yet — reportedly, this tool will be used in conjunction with human sourcing rather than replacing it entirely.
“It really is the only way, I think, if we want to get on a sustainable path to headcount reduction,” Dowden is quoted by the Telegraph as saying. “Remember how much the size of the Civil Service has grown as a result of the pandemic and EU exit preparedness. We need to really embrace this stuff to drive the numbers down.”
He added that according to a recent report from the IPPR think tank; the Government is estimated to save up to £24 billion using AI.
But while the Government is plowing £110 million into this initiative, not everyone is so confident.
John O’Connell, chief executive of the TaxPayers’ Alliance, told the Telegraph: “Ministers shouldn’t be waiting for technological innovations to deal with the bloated bureaucracy; they should roll up their sleeves and deal with it.”
Featured Image: Photo by George Dolgikh; Pexels

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Dashlane Free vs. Premium: Which Plan Is Best For You?

Compare the features and benefits of Dashlane’s free and premium versions to determine which option is best for your password management needs.

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