??? Hackers Access Windows PCs, Rot-Com Bubble: Tech Crisis, FBI Sting Exposes Criminal Networks

Hello! Explore our curated selection of the freshest updates and perspectives from the world of technology and AI today.

Today’s pick

• Stealing everything you've ever typed or viewed on your own Windows PC is now possible
• The Rot-Com Bubble?
• Inside the Biggest FBI Sting Operation in History
• Big Tech Companies Unplug Stock Market From Reality??
• Samsung sues Oura preemptively to block smart ring patent claims

Let’s dive in

Stealing everything you've ever typed or viewed on your own Windows PC is now possible

By Kevin Beaumont via DoublePulsar

• Recall can capture everything you've typed or viewed on your Windows PC, making it accessible to hackers and malware.
• Microsoft misled the public about Recall's security; data is not fully secure, and sensitive information can be accessed and exfiltrated.
• Privacy risks are significant, with potential for widespread data breaches and misuse of personal and corporate information.

??: Stealing everything you’ve ever typed or viewed on your own Windows PC is now possible with two lines of code — inside the Copilot+ Recall disaster. - Steven Sinofsky (@stevesi)

The Rot-Com Bubble?

By Edward Zitron via Where's Your Ed At

• The Rot-Com Bubble refers to the tech industry's unsustainable growth-at-all-costs mindset, leading to the development of products that lack genuine innovation and fail to meet real needs.
• AI and other tech trends are overhyped, with companies like Microsoft and Meta pushing features that compromise user privacy and security without delivering substantial benefits.
• The industry faces a digital recession as major platforms like Google, Facebook, and Amazon experience significant traffic declines, indicating a crisis in innovation and a desperate search for the next big thing.

??: In 2019 Satya Nadella described HoloLens 2 as an "absolute breakthrough," and the metaverse as a breakthrough he "could not understate" in 2021. - Ed Zitron (@edzitron)?

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Inside the Biggest FBI Sting Operation in History?

By Joseph Cox via WIRED?

• FBI's massive sting operation infiltrated encrypted communication networks used by criminals, leading to significant global arrests and seizures.
• Drug kingpin "Microsoft" played a central role in trafficking and promoting the An?m encrypted phone network, unaware it was an FBI-controlled operation.
• The operation revealed extensive criminal activities, including drug trafficking, extortion, and murder-for-hire, ultimately exposing the criminal underworld's reliance on encrypted technology.

??: It's finally time: DARK WIRE, my book on how the FBI secretly ran its own tech startup to wiretap the world, is out today. Here is WIRED's adaption of that story following the craziest character I've ever investigated: a drug trafficker called Microsoft - Joseph Cox (@josephfcox)

Big Tech Companies Unplug Stock Market From Reality?

By James Mackintosh via Wall Street Journal?

• Big Tech stocks dominate the market and mask investor fears about the Federal Reserve keeping rates higher for longer.
• The average stock in the S&P 500 is more affected by rising and falling yields than at any time this century.
• The S&P 500 is less impacted by interest rates because Big Tech's large cash reserves insulate them from the Fed's actions.

Samsung sues Oura preemptively to block smart ring patent claims

By Victoria Song via The Verge ?

• Samsung has preemptively sued Oura to prevent patent claims over its forthcoming Galaxy Ring, seeking a declaratory judgment that it doesn't infringe on Oura's patents.
• Oura has a history of suing competitors over common smart ring features and has publicly emphasized the strength of its IP portfolio, suggesting a potential lawsuit against Samsung.
• The outcome of this lawsuit could impact the smart ring market, where Oura has been the dominant player, and could provide smaller smart ring makers with a defense against Oura's patent claims.

Trending in AI

• The CEO of Zoom wants AI clones in meetings
• Intel officially unveils Lunar Lake, its Copilot+ AI PC chip
• Raspberry Pi Goes All In on AI With $70 Hailo Kit
• Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI
• Storyblok raises $80M to add more AI to its ‘headless’ CMS aimed at non-technical people

Thanks for reading to the bottom and soaking in our Newslit Daily fuelled highlights for your morning.

I hope you found it interesting and, needless to say, if you have any questions or feedback just let me know by hitting reply.

Take care and see you tomorrow!

— Jose Montes de Oca