The TechWave - Edition 01 | 03-14/02/2025
Welcome to The TechWave by SmartDev, your go-to source for the latest IT news. In today’s rapidly evolving tech landscape, staying informed is key. We break down the biggest updates, making it easier for you to understand the trends shaping the industry.
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Which Countries Have Banned DeepSeek Already?
Several nations have restricted or banned the Chinese AI app DeepSeek over data privacy and security concerns:
These moves reflect growing global concerns about DeepSeek’s data policies and security risks.
AWS, Microsoft, Google Battle for $90B Cloud Market in Q4 2024
The global cloud market reached $90.6 billion in Q4 2024, up 22% YoY, with AWS, Microsoft, and Google Cloud holding 68% market share. AI, especially GenAI, drove over half of the growth, per Synergy Research Group.
For 2024, cloud revenue hit $330.4 billion, up $60B from 2023. Analysts attribute the surge to AI advancements. While AWS leads, Microsoft and Google posted higher growth rates.
AI Hype Fuels Cybersecurity Risks
The AI boom has led to widespread adoption, but reckless deployment threatens cybersecurity. Sensitive data in banking, healthcare, and defense is often entrusted to AI without proper safeguards.
A key example is DeepSeek, a Chinese AI chatbot that surged in popularity but raised security concerns. Experts warn that unchecked AI enthusiasm could create irreversible threats.
Blockchain Gaming Sees 3x Growth in January: DappRadar
Blockchain gaming activity surged in January 2025, with daily unique active wallets (UAW) reaching 7 million—up 386% from January 2024, according to DappRadar. Analyst Sara Gherghelas attributes the growth to maturing ecosystems, layer-2 advancements, and AAA collaborations.
OpBNB led as the top gaming blockchain, followed by Matchain, while Polygon saw a 100% rise in activity. AI integration in gaming is also on the rise, aligning with broader industry trends.
Despite the activity boost, blockchain gaming investments fell 38% year-over-year to $1.8 billion, reflecting a shift toward utilizing previously raised funds rather than securing new capital.
Massive 1.17TB Data Leak Exposes Billions of IoT Grow Light Records
A 1.17TB database from Mars Hydro leaked 2.7 billion records, exposing Wi-Fi passwords, IPs, device IDs, and user data. Researcher Jeremiah Fowler linked it to LG-LED SOLUTIONS LIMITED, a California-registered firm.
The database, containing IoT logs and smartphone control details, was secured after disclosure, but concerns remain over unauthorized access. Experts warn IoT vulnerabilities could enable cyberattacks, surveillance, and botnets, stressing the need for encryption, secure storage, and audits.
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Meta Begins Job Cuts Amid AI Focus
Meta has started a new round of layoffs, cutting about 5% of its workforce (around 3,600 employees) in a performance-based restructuring. The layoffs, which began today, will roll out across multiple regions, though some European countries are exempt due to local regulations.
CEO Mark Zuckerberg previously emphasized prioritizing top talent while letting go of underperformers. Unlike past layoffs, Meta will keep offices open during the process and will not issue further company-wide updates. The move aligns with the company's increased focus on AI and operational efficiency.
62% of Startups Fail, 1.3% Become Unicorns: Carta Report
Carta’s latest data on startups from 2018 reveals that 62% shut down within seven years. However, among those that raise seed capital, the failure rate drops to around 30-35%.
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