Stalkers, maniacs: Tech bosses spend big on security as threats rise
The security budgets for the CEOs of 10 big tech companies analysed by the Financial Times rose to more than $US45 million ($69 million) in 2024. Alphabet, Amazon, Meta, Nvidia, and Palantir all increased their protection budget by more than 10 per cent year on year.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sydney Morning Herald
2 days ago
- Sydney Morning Herald
Nvidia supercomputer marks ‘new era' for Australian AI
Nvidia, the world's most valuable company, is teaming with Monash University and Dell to build an Australia-first supercomputer that promises to elevate the country into the AI big leagues. The supercomputer, dubbed MAVERIC and built in collaboration with CDC Data Centres, will be purpose-built for large-scale AI and data-intensive workloads and feature technology never before deployed in the country. MAVERIC will be housed at CDC's facility in the Melbourne suburb of Brooklyn, with construction to begin later this year. The system is expected to go live in early 2026, and was the subject of a meeting between Australia's ambassador to the US Kevin Rudd, Assistant Minister for Science Andrew Charlton and Nvidia executives on Wednesday morning. 'Without this kind of AI super-computer power, Australian researchers are trying to compete on the world stage with one arm tied behind their back,' Monash University vice-chancellor Sharon Pickering said in an interview. 'We are making a $60 million investment here so that Australia can be world leaders, and not just be willing to take second place. We have to be willing to be the best in the world and for our world-leading researchers; my job is to get them the best infrastructure in the world to support them.' MAVERIC will initially focus on advancing medical research, Pickering said, including developing new pharmaceutical products and personalising treatments for patients suffering from acute medical conditions. It will also focus on environmental issues including a study of the Antarctic and research into the impact of heat on populations. It will be available to university researchers and academics, students and research partners. The supercomputer will be built using Dell racks and servers and feature Nvidia's GB200 NVL72 platform. Amid debate about Australia's role in the global AI arms race, Dell Australia managing director Angela Fox said that MAVERIC represented a 'leapfrogging' opportunity for the nation in its AI capabilities. 'It allows researchers to use increasingly sophisticated AI models to tackle some of Australia and the world's most pressing issues and will deliver lasting value for the nation,' she said. 'It's a massive win for the research community and for Australia as a whole.'
The Age
2 days ago
- The Age
Nvidia supercomputer marks ‘new era' for Australian AI
Nvidia, the world's most valuable company, is teaming with Monash University and Dell to build an Australia-first supercomputer that promises to elevate the country into the AI big leagues. The supercomputer, dubbed MAVERIC and built in collaboration with CDC Data Centres, will be purpose-built for large-scale AI and data-intensive workloads and feature technology never before deployed in the country. MAVERIC will be housed at CDC's facility in the Melbourne suburb of Brooklyn, with construction to begin later this year. The system is expected to go live in early 2026, and was the subject of a meeting between Australia's ambassador to the US Kevin Rudd, Assistant Minister for Science Andrew Charlton and Nvidia executives on Wednesday morning. 'Without this kind of AI super-computer power, Australian researchers are trying to compete on the world stage with one arm tied behind their back,' Monash University vice-chancellor Sharon Pickering said in an interview. 'We are making a $60 million investment here so that Australia can be world leaders, and not just be willing to take second place. We have to be willing to be the best in the world and for our world-leading researchers; my job is to get them the best infrastructure in the world to support them.' MAVERIC will initially focus on advancing medical research, Pickering said, including developing new pharmaceutical products and personalising treatments for patients suffering from acute medical conditions. It will also focus on environmental issues including a study of the Antarctic and research into the impact of heat on populations. It will be available to university researchers and academics, students and research partners. The supercomputer will be built using Dell racks and servers and feature Nvidia's GB200 NVL72 platform. Amid debate about Australia's role in the global AI arms race, Dell Australia managing director Angela Fox said that MAVERIC represented a 'leapfrogging' opportunity for the nation in its AI capabilities. 'It allows researchers to use increasingly sophisticated AI models to tackle some of Australia and the world's most pressing issues and will deliver lasting value for the nation,' she said. 'It's a massive win for the research community and for Australia as a whole.'
AU Financial Review
2 days ago
- AU Financial Review
Stalkers, maniacs: Tech bosses spend big on security as threats rise
San Francisco | London | Large tech groups including Meta, Alphabet and Nvidia have significantly increased their spending on personal security as tech bosses play an ever more public role in US politics and confront hostility towards corporate executives. The security budgets for the CEOs of 10 big tech companies analysed by the Financial Times rose to more than $US45 million ($69 million) in 2024. Alphabet, Amazon, Meta, Nvidia, and Palantir all increased their protection budget by more than 10 per cent year on year.
