The AI Paradox | ZeroHedge

Authored by James Gorrie via The Epoch Times,

If the rush to adopt artificial intelligence (AI) seems familiar, it’s because we’ve seen this movie before. In the late nineties, organizations of all sizes, but especially large or enterprise-level businesses, struggled to make the transition from legacy functionality to digital transformation. As late as the COVID-19 pandemic and global lockdown in 2020, enterprise organizations were rushing to complete their digital transitions, (more…)

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Verizon To Buy Frontier Communications For $20 Billion In Major Nationwide Fiber Network Expansion  | ZeroHedge

Verizon Communications announced a $20 billion deal to acquire rival telecommunications operator Frontier Communications Parent Inc., the US's largest pure-play fiber internet provider. The announcement follows a Wednesday report from The Wall Street Journal suggesting that Verizon was nearing a deal, sparking a 38% surge in Frontier's shares in New York. 

Verizon said Frontier investors will receive $38.50 per share in cash, representing a 43.7% premium to Frontier's (more…)

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FBI Warns Of North Korean ‘Social Engineering’ Schemes To Steal Crypto | ZeroHedge

Authored by Turner Wright via CoinTelegraph.com,

The United States Federal Bureau of Investigation (FBI) has issued a warning to employees at digital asset firms regarding the latest attempt by the Democratic People’s Republic of Korea to steal crypto.

In a Sept. 3 notice, the FBI said North Korean malicious cyber actors were targeting workers at decentralized finance and cryptocurrency companies to steal funds through “complex and elaborate” social engineering (more…)

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