Meta’s costly pitch for AI talent

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Tech Across the Globe

UBS hack: Swiss bank UBS said that information about the company had been stolen in a cyberattack on one of its suppliers, following a media report that data on more than 130,000 employees had been subject to a hack.

Waymo's NYC ambitions: Alphabet's Waymo unit has applied for a testing permit in New York City. But a commercial launch is far off as local regulations don't currently allow for fully driverless vehicles.

Intel's new executives: Intel named new engineering leadership as part of a turnaround effort under Chief Executive Officer Lip-Bu Tan, tapping veterans of Apple, Google and Cadence Design Systems.

Revalued

MiniMax, an emergent Chinese artificial intelligence startup, is considering an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter. The company, which is backed by Alibaba and Tencent, is currently valued at about $3 billion.

Must Read

Meta Platforms Inc. CEO Mark Zuckerberg is making multimillion-dollar offers to researchers to join the company's effort to develop artificial intelligence systems, Riley Griffin reports in today's Tech In Depth. Some see the offers as necessary to pay more than usual to recruit talent because of skepticism over Meta's goals and place in the industry, she writes.

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This Week in Cyber Bulletin

The military conflict between Israel and Iran has moved to computer security with American officials trying to stop a specific Iranian group blamed for cyberattacks against the US, UK and Israel, Jordan Robertson reports in this week's Cyber Bulletin. At the same time, a pro-Israel hacker group has taken responsibility for interrupting a major Iranian bank as well as stealing cryptocurrency from a Tehran-based exchange, he writes.

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