Watch out for China’s state-backed cyber warriors.
The FT’s David Bond writes that Chinese hackers have increased attacks on global telecoms companies in the past year, suggesting an escalation in Beijing’s cyber espionage operations as the US pushes allies to block Huawei from future 5G networks.
According to a new report from CrowdStrike, the California-based cyber security company that first attributed the 2016 hack on the US Democratic National Committee to Russia, 2018 saw an overall increase in Chinese cyber attacks, especially against US targets.
Dmitri Alperovitch, co-founder and chief technology officer of CrowdStrike, said Chinese cyber espionage was now back to the same levels seen prior to a US-China agreement to limit economic spying signed by the two countries in 2015.
“In terms of volume, China is by far the most active [in 2018],” said Mr Alperovitch. “They are fully back and engaging in economic espionage across numerous industries of strategic interest to China.”
Read more here.
Flag as Important
Huawei hits back In a rare interview with the BBC, Huawei’s founder and president Ren Zhengfei has hit back at the US campaign against his company, labelling the arrest of Meng Wanzhou, his daughter and the company’s chief financial officer, as “politically motivated” and asserting that Washington would not “crush” the Chinese group.
Europe’s 5G delay The chief executive of Ericsson has warned that the focus on questions surrounding Chinese telecoms company Huawei risks Europe falling further behind on building 5G networks but that regulation and high investment costs are bigger stumbling blocks.
AI chip race Facebook is racing Amazon and Google to develop its own artificial intelligence chips, after recognising that it needs dramatically faster computing to deliver the next breakthrough in AI, writes Richard Waters in San Francisco.
Amazon Studios After releasing six flops in a row, Amazon is pushing the reset button on its film business. (NYT)
Vision Fund tensions The two biggest outside investors in the $100 billion Vision Fund are complaining about the high prices the fund’s manager, SoftBank, has paid for tech companies and the control wielded by SoftBank Chief Executive Masayoshi Son over investment decisions. (WSJ)
Tech tools you can use — Echo Wall Clock
Amazon’s Echo Wall Clock is back. After a few weeks back in the product lab, The Verge writes that the company is ready to ship the $29.99 device after it released a software update to address connectivity issues plaguing the initial version of the product that began selling last month.