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‘If cyber crime was a country, it would be the third largest GDP'
‘If cyber crime was a country, it would be the third largest GDP'

Economic Times

time3 days ago

  • Business
  • Economic Times

‘If cyber crime was a country, it would be the third largest GDP'

When it comes to cyber crime, the numbers are stark: ADVERTISEMENT It currently costs the world $9.2 trillion On average, it takes a threat actor 72 minutes to gain access to user data, and that number is going down About 20% of data breaches today are as a result of insiders As the world's largest security company, Microsoft tracks 7,000 password attacks each second. That's 600 million attacks a day The number of attackers (such as unique nation state actors and financial crime actors) Microsoft is tracking has gone from an average of 300 every day to 1,500 increase. These were some of the eye-opening statistics Microsoft's CVP of Security, Vasu Jakkal, underlined in her revelatory keynote address on day two of TiEcon 2025, the world's largest tech conference, and the biggest in its 32-year history, took place this May in the heart of Silicon Valley. The conference brought together 3,000-plus entrepreneurs, investors, and industry leaders from around the globe. With over 180 speakers and this year's theme, 'AiVerse', the conference showcased the transformative power of innovation. Under the leadership of TiE Silicon Valley President Anita Manwani, TiEcon continues to drive a culture of transformational change, fostering new ideas, connections, and opportunities for the next wave of global entrepreneurs. In keeping with the AiVerse theme, Jakkal underscored the importance of security as a foundation for AI. Because Microsoft has a $20 billion security business that processes 84 trillion signals every day, it is uniquely positioned to observe emerging threats such as wallet abuse, word prompt injections, and large language model (LLM) poisoning. Other highlights from the keynote included: How agentic AI can bolster securityAgentic AI, designed to autonomously make decisions and accomplish given goals with minimal human supervision, is already addressing challenges in healthcare, education, transportation, and security. In the near future, both individuals and organisations could have agentic AI in the form of unique, interactive personas. Think an agent that helps with deep research for your startup, an analyst agent that converts raw data into insights, a chief staff agent that manages schedules every day, or even a home companion agent that can tutor children and plan family such agents become digital colleagues and thought partners, the question to ask is: what risk can their prevalence pose to us? This is where critical security considerations come in. The questions to ask are: ADVERTISEMENT What is your identity strategy? What permissions do such agents have? How are you protecting your data? Do you have the right data leakage policies If agents are working across teams, companies, or homes, what are the privacy considerations? As agents become pervasive, human defences will need to scale at the speed and scale of AI. Which is why we need to think about agents for security, and AI for security in general. In 2023, Microsoft began focusing on security-focused AI by launching the GPT-4-based Security Co-Pilot. It takes open source models, grounds them on the trillions of security signals and data in its repository, and refines them on security skills. The result is faster and more accurate threat prevention. ADVERTISEMENT How agentic AI can address gaps in security Around 4.6 million jobs in security remain unfulfilled globally. In this context, AI agents can enable potential talent to develop required today is largely reactive. Agentic AI agents can predict and stop novel attacks before they happen. As an example, they can identify data risks when an organisation puts data structures in place. They can autonomously apply identity and access policies so the right people can have access to the right things at the right time, for the right reasons. And such policies can be dynamically adjusted. ADVERTISEMENT In workplaces, such agents can also be part of SaaS AI apps or custom enterprise offerings such as the Azure AI Foundry, Amazon Bedrock, or Google Vertex. What more Microsoft is doing to secure the future of AI In November 2023, Microsoft launched the Secure Future Initiative, a multi-year cybersecurity effort that shapes how it designs, builds, tests, and operates products and services to meet security standards. Apart from operating the largest security initiative in the world, Microsoft ties executive compensation to security and has 14 deputy Chief Information Security Officers (CISOs) who oversee security engineering teams. Employees across the company are also taken through a security skill academy. ADVERTISEMENT 'We review our security updates with Satya [Nadella, CEO] every other week and send a report every week. And we have a meeting with the board, of course, every quarter. The first meeting starts with security,' Vasu Jakkal shared. 'Security is a team sport. It deeply matters and turbocharges our product flywheel of defence, because we use all these learnings from security to build better products.' TiEcon 2025, which ran from April 30 to May 2, featured eminent tech executives as other grand keynote speakers. ICYMI, here are the takeaways from Satya Nadella's discussion on what makes a generational company in the AI age.

‘If cyber crime was a country, it would be the third largest GDP'
‘If cyber crime was a country, it would be the third largest GDP'

Time of India

time3 days ago

  • Business
  • Time of India

‘If cyber crime was a country, it would be the third largest GDP'

When it comes to cyber crime, the numbers are stark: It currently costs the world $9.2 trillion On average, it takes a threat actor 72 minutes to gain access to user data, and that number is going down About 20% of data breaches today are as a result of insiders As the world's largest security company, Microsoft tracks 7,000 password attacks each second. That's 600 million attacks a day The number of attackers (such as unique nation state actors and financial crime actors) Microsoft is tracking has gone from an average of 300 every day to 1,500 increase. These were some of the eye-opening statistics Microsoft's CVP of Security, Vasu Jakkal, underlined in her revelatory keynote address on day two of TiEcon 2025. TiEcon 2025, the world's largest tech conference, and the biggest in its 32-year history, took place this May in the heart of Silicon Valley. The conference brought together 3,000-plus entrepreneurs, investors, and industry leaders from around the globe. With over 180 speakers and this year's theme, 'AiVerse', the conference showcased the transformative power of innovation. Under the leadership of TiE Silicon Valley President Anita Manwani, TiEcon continues to drive a culture of transformational change, fostering new ideas, connections, and opportunities for the next wave of global entrepreneurs. In keeping with the AiVerse theme, Jakkal underscored the importance of security as a foundation for AI. Because Microsoft has a $20 billion security business that processes 84 trillion signals every day, it is uniquely positioned to observe emerging threats such as wallet abuse, word prompt injections, and large language model (LLM) poisoning. Other highlights from the keynote included: How agentic AI can bolster security Agentic AI, designed to autonomously make decisions and accomplish given goals with minimal human supervision, is already addressing challenges in healthcare, education, transportation, and security. In the near future, both individuals and organisations could have agentic AI in the form of unique, interactive personas. Think an agent that helps with deep research for your startup, an analyst agent that converts raw data into insights, a chief staff agent that manages schedules every day, or even a home companion agent that can tutor children and plan family trips. Live Events You Might Also Like: Culture, compassion, compute: Satya Nadella on what makes a generational company in the AI age As such agents become digital colleagues and thought partners, the question to ask is: what risk can their prevalence pose to us? This is where critical security considerations come in. The questions to ask are: Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories What is your identity strategy? What permissions do such agents have? How are you protecting your data? Do you have the right data leakage policies If agents are working across teams, companies, or homes, what are the privacy considerations? As agents become pervasive, human defences will need to scale at the speed and scale of AI. Which is why we need to think about agents for security, and AI for security in general. In 2023, Microsoft began focusing on security-focused AI by launching the GPT-4-based Security Co-Pilot. It takes open source models, grounds them on the trillions of security signals and data in its repository, and refines them on security skills. The result is faster and more accurate threat prevention. How agentic AI can address gaps in security Around 4.6 million jobs in security remain unfulfilled globally. In this context, AI agents can enable potential talent to develop required competencies. Security today is largely reactive. Agentic AI agents can predict and stop novel attacks before they happen. As an example, they can identify data risks when an organisation puts data structures in place. They can autonomously apply identity and access policies so the right people can have access to the right things at the right time, for the right reasons. And such policies can be dynamically adjusted. In workplaces, such agents can also be part of SaaS AI apps or custom enterprise offerings such as the Azure AI Foundry, Amazon Bedrock, or Google Vertex. What more Microsoft is doing to secure the future of AI In November 2023, Microsoft launched the Secure Future Initiative, a multi-year cybersecurity effort that shapes how it designs, builds, tests, and operates products and services to meet security standards. Apart from operating the largest security initiative in the world, Microsoft ties executive compensation to security and has 14 deputy Chief Information Security Officers (CISOs) who oversee security engineering teams. Employees across the company are also taken through a security skill academy. 'We review our security updates with Satya [Nadella, CEO] every other week and send a report every week. And we have a meeting with the board, of course, every quarter. The first meeting starts with security,' Vasu Jakkal shared. 'Security is a team sport. It deeply matters and turbocharges our product flywheel of defence, because we use all these learnings from security to build better products.' TiEcon 2025, which ran from April 30 to May 2, featured eminent tech executives as other grand keynote speakers. ICYMI, here are the takeaways from Satya Nadella's discussion on what makes a generational company in the AI age.

Culture, compassion, compute: Satya Nadella on what makes a generational company in the AI age
Culture, compassion, compute: Satya Nadella on what makes a generational company in the AI age

Time of India

time26-05-2025

  • Business
  • Time of India

Culture, compassion, compute: Satya Nadella on what makes a generational company in the AI age

From April 20 to May 2, the world's most seasoned executives, founders, venture capitalists (VCs), innovators, and technologists converged at the Santa Clara Convention Centre in California for TiEcon 2025. The theme for this year's edition, AiVerse, explored the vast potential of applied artificial intelligence (AI) across 11 tracks ranging from AI in mobility and entertainment to AI in manufacturing, retail and supply chains. The highlight of day two of the annual extravaganza was the grand keynote by Satya Nadella, who expounded on the importance of cultural capital and empathy in times of revolutionary change. The Microsoft honcho was also presented with the Lifetime Achievement Award by TiE Silicon Valley (TiE SV) chairperson Anita Manwani and deemed 'CEO of the decade' by Naveen Chaddha, Managing Partner, Mayfield Fund. Here are some takeaways from Mr Nadella's keynote: On what accounts for institutional strength 'If you're an established company or founding a company, you have to come up with an idea whose time has come. In order to build that new concept, you also need to have a new capability. And in order to build that new capability before it's conventional wisdom, you need culture. Live Events Whether you're a VC, entrepreneur, executive, or an engineer, it's all the same thing. You have a cultural posture that allows you to either skill yourself up or get associated with other people with complementary skills that are needed to build something new that is needed in the world. That framework is how I evaluate where we are as a company, and where we need to go. And it's a harsh thing, because you kind of have to be in this continuous journey of renewal.' Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories On empathy as a critical workplace skill 'If you want to learn it all and not [just] know it all, that is the foundation of a growth mindset. This means you have to have empathy more than anything else, to be able to see through other people's eyes. We think of it as a soft skill for life, but it's also a critical soft skill for innovation. Because, after all, what is innovation if not meeting the unmet, unarticulated needs of customers? You can call this a design mindset or design thinking; but really, it's empathy. It does ultimately come down to us having the ability at scale [after] seeing the world through other people's eyes.' On AI computing being distinct from other technological breakthroughs 'When I came to the Valley in early 1990, it felt like a golden age of systems. We're back at that again. You're adding system software, whether it is what's happening at the ASIC [Application-Specific Integrated Circuit] or chip level, system level, or with model architectures. Who would've thought two years ago that soon enough, it'd be about test times and compute? OpenAI set the pace by their innovation, and we were obviously thrilled to partner with them. But it's also great to see what's happening in open source. You're seeing reasoning models that weren't there even just a year ago. Now they're in all models, weight, and sizes. Just yesterday, we launched five new models with reasoning. I look at my capex budget and say, 'Whoa, what happened there?' Nevertheless, the cooling in data centres is one of the biggest challenges we have. And the point is, it's differential cooling. There's an AI accelerator rack, then there's the rest.' On AI applications in the physical sciences 'There are three broad domains for AI application. One is cognitive and knowledge work. That's our bread and butter. The other is physical: robotics, the autonomous domain, drones, and what have you. The third is science. The way we have been able to deal with this domain is by doing simulations. High performance computing (HPC) was fundamentally born underneath scientific simulation. But it turns out that to simulate nature right on a Von Neumann architecture, you just have approximations. There's no such thing as a perfect simulation. That's why we are very excited about even quantum because ultimately, the quantum computer is the real breakthrough at utility scale when you really think about simulating nature. If you want to discover a new material, AI can help speed up the HPC by coming up with candidates. So we essentially have these models that are derivatives of transformers. You don't have to start without any knowledge. There's a variety of models you can get to on foundry for different domains, biology being the hardest of them all. The rapid progress right now is in computational chemistry and material sciences.'

TiEcon 2025: Unveiling the themes of Silicon Valley's premier AI event
TiEcon 2025: Unveiling the themes of Silicon Valley's premier AI event

Time of India

time30-04-2025

  • Business
  • Time of India

TiEcon 2025: Unveiling the themes of Silicon Valley's premier AI event

It's all things AiVerse at TiEcon 2025 as the countdown begins for the most influential AI conference at the San Jose Convention Center, California. With grand keynote speakers such as Microsoft's Satya Nadella and Intel's Lip-Bu Tan, to name just a few, the event is slated to be a gathering of the who's who in Silicon Valley, ranging from angel investors and venture capitalists to entrepreneurs and innovators. #Pahalgam Terrorist Attack The groundwork before India mounts a strike at Pakistan India considers closing airspace to Pakistani carriers amid rising tensions Cold Start: India's answer to Pakistan's nuclear threats On the anvil are bootcamps, workshops, presentations, fireside chats, and panel discussions centred on 11 key themes that cover the spectrum of AI use cases. Trends and challenges, best practices, and regulation are other focus areas. Without further ado, here are the themes or tracks of this year's biggest entrepreneurship and AI-focussed event. 1) AI's Impact on Future Mobility What will the automotive industry look like once AI becomes the norm instead of the exception? Panelists at TiEcon 2025 will discuss current and emerging innovations in connected ecosystems, AI-optimised supply chains, autonomous driving, and smart infrastructure. Consider this a crash course on how AI will revolutionise transportation. 2) Securing the AI-Driven Future Live Events As game-changing as AI is and will be in the foreseeable future, it's also birthed new vulnerabilities, uncertainties, and dangers in a globalised world. What can policymakers, security experts, and ethical hackers do to minimise cyberattacks and bolster personal data and privacy? How can startups build impenetrable app authentication for generative AI (GenAI)? All this and more will be discussed in the track. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories 3)Enterprises Cautiously Embrace AI TiEcon 2025 will also host discussions on AI deployments in the enterprise space, including operational challenges and industry use cases. 4) Al's Influence on Global Talent, Investments & Policies: Global Connect Cross-border collaboration on AI is one of the most challenging balancing acts, given the differing approaches to regulation, data policies, and geopolitics. Where are the gaps in research, AI infrastructure, funding, staffing, and multilateral initiatives? Adaptability is the need of the hour as AI evolves at breakneck speed. This programme will bring together global leaders to share insights and solutions on bridging the above-mentioned gaps within the ecosystem. 5) Guardrails & Ethics Oversight mechanisms and ethical frameworks are critical to ensure AI benefits humanity. These comprise matters such as accountability, bias mitigation, data transparency and privacy, and regulatory compliance. This programme will focus on the kinds of safeguards countries are considering, and how governments and civil society alike can build failsafe, trustworthy AI. 6) Building & Scaling GTM in the AI Era: Go-to-Market A must attend for founders, C-suite executives, product managers, and marketers, this theme will consist of three sessions. The first, 'From Startup to Scale in the AI Era', features Jyoti Bansal, co-founder of Unusual Ventures and the visionary behind Traceable AI, Harness, and AppDynamics. He will share his experiences and recommendations on go-to market approaches and achieving product-market fit with AI. The second session, 'Building the Marketing Flywheel: AI, Data, and Intelligent Engagement', will revolve around AI-centric marketing flywheels that prioritise multi-channel strategies, buyer relationships, and engagement. 'Selling AI to CIOs: How Enterprises Buy, Pilot, and Scale GTM AI Technologies', the final session, will explore the enterprise buyer's perspective and relay how Chief Information Officers can navigate complex operational trade-offs between company goals and the degree of AI incorporation. 7) Innovate Healthcare with AI: Healthcare & Lifesciences AI is already revolutionising biotechnology, life sciences, and healthcare. Learn how cutting-edge technology is reshaping patient care, personalised medicine, drug discovery, and diagnostics. 8) Smarter Faster to Your Doorstep: Manufacturing, Supply Chain & Retail Can AI forecast demand, automate logistics processes, undertake predictive maintenance, and detect supply chain disruptions? The short answer is yes. The long answer is there are strategies aplenty on data analytics, computer vision, agentic AI, Internet of Things, edge AI, and other emerging technologies being deployed in value chains across the world. Find out what they are and how you can make the most of them in this track. 9) New Age of Media & Entertainment TiEcon 2025 would be incomplete without a track on AI's role in media disruption and evolution. Three panels will cover the entire gamut of the subject. The first will explore the delicate relationship between human ingenuity or originality and AI creations, while the second will platform challenges and opportunities in South Asian storytelling. The final panel will delve into ad tech and contextual advertising. 10) Personalizing, Prediction & Pricing: Retail Tech & E-Commerce A trio of sessions will make up the penultimate track of Tiecon 2025. The first will have a macro focus on AI in retail, covering shopping assistants, autonomous commerce, logistics, and personalisation. This will be followed by the programme on AI-based targeting in social commerce, audience segmentation, real-time bidding strategies, and opportunities for omnichannel expansions. The fulcrum of the last session is AI-driven transformations in efficiency, workflows, inventory management, and merchant operations. 11) Beyond ChatGPT: Semiconductor & Deep Tech The final track of Tiecon 2025 will be laser-focussed on AI infrastructure and hardware, ranging from current and potential quantum computing needs to chip architecture. So there you have it, the most comprehensive, engaging, and incisive schedule there is for any AI conclave. Register for one, multiple, or all tracks here before April 30. Hurry! Slots are fast filling for the three-day mega event. etspotlight@ .

TiEcon 2025: Who's the organiser of Silicon Valley's biggest AI event?
TiEcon 2025: Who's the organiser of Silicon Valley's biggest AI event?

Economic Times

time23-04-2025

  • Business
  • Economic Times

TiEcon 2025: Who's the organiser of Silicon Valley's biggest AI event?

Satya Nadella , Chairman and CEO, Microsoft , Chairman and CEO, Microsoft Shantanu Narayen , Chair and CEO, Adobe , Chair and CEO, Adobe Lip-Bu Tan , CEO, Intel Corporation , CEO, Intel Corporation Vivek Ranadive , Chairman, CEO, and Governor, Sacramento Kings , Chairman, CEO, and Governor, Sacramento Kings Shankar Trivedi , Senior Vice President, Enterprise Business, NVIDIA , Senior Vice President, Enterprise Business, NVIDIA Satyan Gajwani, Vice Chairman, Times Internet AI's Impact on Future Mobility: Automotive & Mobility Securing the AI-Driven Future: Cybersecurity Frontiers of Innovation: AI Driving Defense, Drones, Space Tech Work reimagined! How humans will be involved in the future of work: Enterprise AI Al's Influence on Global Talent, Investments & Policies: Global Connect Guardrails & Ethics Building & Scaling GTM in the AI Era: Go-to-Market Innovate Healthcare with AI: Healthcare & Lifesciences Smarter Faster to Your Doorstep: Manufacturing, Supply Chain & Retail New Age of Media & Entertainment Personalizing, Prediction & Pricing: Retail Tech & E-Commerce Beyond ChatGPT: Semiconductor & Deep Tech Influenced over $1 trillion in wealth Helped create more than two million jobs Achieved a subscribed audience of 40,000 and counting Impacted over 25,000 startups Served as a launchpad for the likes of Kirthiga Reddy, the first woman partner at SoftBank's $100 billion Vision Fund. Live Events Come April 30, all eyes will be on the Santa Clara Convention Center as more than 3,000 attendees, 150 speakers, and over 50 sponsors converge for this year's AiVerse theme. Investors, venture capitalists, entrepreneurs, innovators, tech professionals, and students will attend nearly 40 sessions spread across 12 tracks, all focussed on the immense — and untapped — potential of applied AI. The event will conclude on May features keynotes, panel discussions, workshops, bootcamps, and networking opportunities with some of the world's biggest industry leaders. Here are some of the grand keynote speakers at TiEcon 2025:The tracks for this year's edition of the world's biggest entrepreneurship-focussed event are:TiEcon, a flagship event by TiE Silicon Valley (TiE SV), is an initiative by The IndUS Entrepreneurs (hence TiE), a non-profit with 60+ chapters across 17 countries. TiE was founded in 1992 by a group of Indian-American professionals, entrepreneurs and executives. For 33 years now, the organisation has become an indispensable platform within the tech ecosystem for its mentoring, collaborating, funding, and incubation programmesSpearheaded by Anita Manwani, President and Board Chair, TiE Silicon Valley demonstrates a bullseye focus on entrepreneurs and hosts almost 100 programmes annually that accelerate entrepreneurs at every stage of their growth journey. Anita, a serial entrepreneur, a seasoned corporate executive and philanthropist, has transformed TiE brand and offerings together with Ajay Manglani, Chief Operating Officer of TiE Silicon Valley, by bringing relevance and mojo back within the current generation of entrepreneurs. TiE Silicon Valley, also deemed as the world's original startup accelerator, has a strong network of enterprises and corporates, which is critical for startups because their growth and scale rely on these enterprises. It has achieved the following remarkable milestones:With AiVerse as the theme, TiEcon 2025 promises three days of unparalleled, incisive insights on all things AI. Head to the website to register right away and watch this space for additional information about tracks, speakers, workshops, bootcamps, and much more.

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