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Bank of England warns AI stock bubble rivals 2000 dotcom peak

AI bubble talk is in the air, and among the chorus of voices warning of an AI-fueled market bubble (which includes OpenAI CEO Sam Altman and Amazon’s Jeff Bezos) is the Bank of England, which warned on Wednesday that global financial markets could face a sharp correction if investor sentiment turns negative on AI. The...

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Salesforce says it won’t pay extortion demand in 1 billion records breach

Salesforce says it’s refusing to pay an extortion demand made by a crime syndicate that claims to have stolen roughly 1 billion records from dozens of Salesforce customers. The threat group making the demands began their campaign in May, when they made voice calls to organizations storing data on the Salesforce platform, Google-owned Mandiant said...

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Synology caves, walks back some drive restrictions on upcoming NAS models

If you were considering the purchase of a Synology NAS but were leery of the unreasonably high cost of populating it with special Synology-branded hard disk drives, you can breathe a little easier today. In a press release dated October 8, Synology noted that with the release of its latest Disk Station Manager (DSM) update,...

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AMD wins massive AI chip deal from OpenAI with stock sweetener

On Monday, AMD announced it will supply AI chips to OpenAI in a multi-year deal worth tens of billions of dollars annually that gives the ChatGPT creator an option to acquire up to 10 percent of the chipmaker’s stock for 1 cent per share, Reuters reports. The agreement covers hundreds of thousands of AMD’s AI...