AI Millions

Americans lost nearly $900 million to AI-generated scams last year. It will likely only get worse

Americans lost nearly $900 million to AI-generated scams last year. It will likely only get worse From fake romances with soap opera stars to fictional FBI agents and MAGA influencers, AI has made it easier than ever for scammers to steal Americans’ money - Bookmark Americans lost close to a billion dollars to AI scams in one year - and cybersecurity experts fear this is only the beginning. Nearly $900 million was stolen in scams that incorporated AI in 2025, according to the first report of...

Megaport secures 4 AI deals, to raise $594 million to build inference cloud

Megaport secures 4 AI deals, to raise $594 million to build inference cloud June 3 : Australia's Megaport said on Wednesday it has secured four new AI infrastructure contracts worth A$458.9 million and will raise A$827.3 million ($594 million) to build an inference cloud to cash in on surging demand for AI-related facilities. The deals underscore the fierce race among infrastructure providers to capture a share of the booming AI compute market, as firms across industries scramble to secure...

Millions of AI agents imperiled by critical vulnerability in open source package

A critical vulnerability has been discovered in Starlette, a widely used open-source framework that receives 325 million weekly downloads. This flaw could allow hackers to breach servers running AI agents, potentially stealing sensitive data and credentials stored by Model Context Protocol (MCP) servers. Thousands of other open-source projects relying on Starlette are also affected by this easily exploitable security risk.

Google may finally have 'advantage' as companies' AI budgets hit millions of dollars

Australia's Megaport secures four new AI infrastructure contracts, to raise $594 million

Australia's Megaport secures four new AI infrastructure contracts, to raise $594 million June 3 : Australia's Megaport said on Wednesday it has secured four new AI infrastructure contracts with a total contract value of about A$458.9 million ($329.49 million), and launched a fully underwritten entitlement offer to raise A$827.3 million ($594 million). The four contracts, all with U.S.-based technology providers running AI applications, are expected to start in the first half of 2027 and...

Walmart shareholders reject proposal to explain AI's impact on 1.6 million employees

Walmart shareholders voted against an investor proposal asking it to report on how its use of AI is affecting the well-being of its employees, according to voting results from the retailer's annual shareholders' meeting. The proposal, filed by investor United for Respect, reportedly asks Walmart to explain how it measures the effect of advanced technologies — like Artificial Intelligence (AI) and automation — on jobs, pay, training and equity. This is Walmart's first annual meeting since...

Megaport to Raise $594 Million in Australia to Fund AI Expansion

America is losing the AI productivity war to 3.5 million Chinese STEM graduates

Big Tech’s structural mistakes are costing stock investors and fueling a massive talent crisis.

Schneider Electric Banks on AI Boom to Sell €800 Million Debt

The Schneider Electric SE booth during the China International Import Expo (CIIE) in Shanghai, China, on Tuesday, Nov. 5, 2024. The event runs through Nov. 10.

Schneider Electric Banks on AI Boom to Sell €800 Million Debt

The Schneider Electric SE booth during the China International Import Expo (CIIE) in Shanghai, China, on Tuesday, Nov. 5, 2024. The event runs through Nov. 10.