Good day, CIOs. What industries will be most transformed by artificial intelligence? To help answer that question, market analysts at UBS Group AG evaluated the revenue, cost savings and competitive risk associated with AI across major business sectors. Their conclusion: Just about every industry will be impacted in the years ahead, “primarily through AI’s ability to reduce costs, but also through its ability to help grow sales.” CIO Journal’s Angus Loten has more.
Some impacted more than others. Analysts looked at each sectors’ level of data intensity – a gauge that combines information about the type of data gathered by businesses in a given sector with stats on their average spending on information technology. Technology, banking, media and health care stand out among these data-rich sectors, the bank said.
Early leaders. The bank also identified sectors where businesses already were actively investing in AI with pilot projects or other initiatives, naming health care and software, led by cybersecurity and commerce-focused applications. Media and finance as industries where the most AI investments currently are being made.
China to snag top secret satellite tech. Boeing Co. is preparing to provide a small Los Angeles company with a satellite kitted out in top-secret military technology. The problem: The startup, Global IP, is financed and controlled by a state-owned Chinese financial firm, says the WSJ’s Brian Spegele and Kate O’Keeffe. Now, current and former U.S. officials, and people close to Global IP, fear the satellite could ultimately be used by China’s government or military once in space, or its technology reverse-engineered.
Aren’t there some sort of laws to prevent this from happening? Yes. A web of U.S. laws effectively prohibits exporting satellite technology to China.
And? Blame confusion, bureaucracy or a failure to connect the dots in a deal that involved subsidiaries, middlemen and a company quickly set up in the British Virgin Islands.
House GOP campaign committee says it was hacked. The campaign arm for Republican Party congressional candidates was hacked by an unidentified intruder during the 2018 campaign, the organization said on Tuesday. Politico reports that the email accounts of four senior aides at the National Republican Congressional Committee were compromised for several months. The breach was detected in April, and while the NRCC involved the FBI, it failed to inform senior GOP House members. Thousands of potentially sensitive emails are believed to have been exposed.
Network not breached. The WSJ’s Dustin Volz reports that the hacker didn’t directly breach the network belonging to the NRCC, but compromised emails hosted by a third-party cloud-service provider.
Kubernetes security hole detected. The orchestration tool has a bug that lets any user connect via the Kubernetes API to a backend server, ZDNet reports.
MORE TECHNOLOGY NEWS
UPS plans navigation update. The delivery service is planning a major upgrade to its On-Road Integrated Optimization and Navigation system which optimizes parcel delivery routes. Reuters reports that the UPSNav update, due next year, “will recalculate routes throughout the day, accounting for traffic, remaining deliveries and pick-up requests.”
What is ORION? Glad you asked. Read this 2015 classic from CIO Journal.
Australia plans to make encryption-cracking the law. Australia is set to adopt tough new encryption laws this week, with the government arguing that intelligence agencies need stronger powers to contain the threat of militant attacks during the holiday season, the Journal’s Rob Taylor and Dustin Volz report.
Tech firms are worried. Apple Inc., in a submission to lawmakers, said the Australian bill granted “extraordinarily broad and vague powers” that could compel it to develop custom software to bypass encryption. “The development of such a tool, even if deployed only to one phone, would render everyone’s encryption and security less effective,” the company said.
Meanwhile … In the U.S., Congress has so far rejected a push by the Federal Bureau of Investigation and U.S. Department of Justice for tech firms to create a “back door,” circumventing devices’ encryption.
Apple’s Tim Cook to haters: Back off. Accepting a Courage Against Hate award from the Anti-Defamation League Monday, Mr. Cook said hate speech had no place on the company’s platform. Apple was among the first tech platforms to ban content from conspiracy site Infowars, CNBC reports. “If we can’t be clear on moral questions like these, then we’ve got big problems,” Mr. Cook said.
Alphabet drone service takes flight. Starting in the spring of 2019, Wing, the company’s drone delivery service, will deliver packages up to 3.3 pounds in Helinski, Finland, TechCrunch reports.
New York’s Highest. The New York City Police Department announced Tuesday that it had acquired 14 drones to use in work such as mapping crime scenes, search-and-rescue and monitoring large events. The New York Times has more.
“I 3-D printed every bit of my wedding.” But not hubby. MIT Technology Review has more.
EVERYTHING ELSE YOU NEED TO KNOW
Beijing is beginning to flesh out details of a weekend tariff truce with the U.S., after days of vague Chinese statements and a barrage of comments from President Trump and other administration officials. (WSJ)
Treasury market moves are sending a menacing signal about the economic outlook. An inverted curve is often interpreted as a signal of a looming recession. (WSJ)
Nearly a month after the Camp Fire destroyed Paradise, Calif., and surrounding communities, some residents are returning to salvage any precious belongings left behind. (WSJ)
Federal prosecutors have charged four people with ties to Mossack Fonseca & Co., the now-defunct law firm at the center of the so-called Panama Papers tax-evasion scandal, according to an indictment unsealed Tuesday. (WSJ)