Tag: PCs

AI boom to beat electricity and PCs, $200B investment by 2025: Goldman Sachs

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Artificial intelligence could eventually have a bigger financial impact on the American economy than electricity and personal computers, according to economists at investment banking giant Goldman Sachs. In an Aug. 1 investment report, Goldman Sachs economists Joseph Briggs and Devesh Kodnani predicted that AI could pull as much as $200 billion in global investments by 2025 — with half of that in the United States — boosting its gross domestic product (GDP). While past tech booms spurred by the introduction of electricity and PCs saw GDP grow 2%, Goldman economists…

Sneaky fake Google Translate app installs crypto miner on 112,000 PCs

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Crypto mining malware has been sneakily invading hundreds of thousands of computers around the world since 2019, often masquerading as legitimate programs such as Google Translate, new research has found.  In an Aug. 29 report by Check Point Research (CPR), a research team for American-Israeli cybersecurity provider, Check Point Software Technologies revealed the malware has been flying under the radar for years, thanks partly to its insidious design which delays installing the crypto mining malware for weeks after the initial software download. .@_CPResearch_ detected a #crypto miner #malware campaign, which…

Four ‘Young’ Hackers Booked in Cryptojacking Case Targeting Over 6,000 PCs

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Four “young” hackers have been arrested in a cryptojacking case involving over 6,000 computers in what is allegedly South Korea’s “first” known case of its kind, Korean English-language news outlet Aju Daily reports Nov. 8. Cryptojacking is the practice of using a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. Aju Daily cites a statement from the National Police Agency’s cyber bureau that clarified that the four accused had not been detained, but would face a trial for allegedly infecting 6,038 PCs with malicious mining…