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Tech company collapse sparks shareholder battle with $14b chipmaker
Tech company collapse sparks shareholder battle with $14b chipmaker

AU Financial Review

time4 days ago

  • Business
  • AU Financial Review

Tech company collapse sparks shareholder battle with $14b chipmaker

A group of shareholders in failed ASX-listed technology firm Nuheara are battling to resurrect the once-promising hearing device maker, but must first defeat a legal challenge from $14 billion Taiwanese semiconductor giant Realtek. Perth-based Nuheara collapsed into administration last August after it was unable to refinance a $2.5 million loan from Realtek, which was its largest shareholder, amid struggling sales and consistent losses.

Tim Cook's Apple iToken Ad  Is A Con, X Users Warned
Tim Cook's Apple iToken Ad  Is A Con, X Users Warned

Forbes

time13-05-2025

  • Business
  • Forbes

Tim Cook's Apple iToken Ad Is A Con, X Users Warned

Threat actors have been targeting Apple users for the longest time. I recently reported how Apple passwords were being stolen in a macOS attack impersonating a Realtek driver update, while the Banshee Stealer puts 100 million Apple users in the credential-hacking crosshairs. Indeed, if you needed any proof that a hacker target is hovering over Apple users heads, the fact that macOS infostealer attacks were up 101% in the last quarter of 2024 should provide it. The latest threat takes a bit of an off-ramp from the usual password-stealing stuff though, and heads into straight-up financial fraud with a little bit of help from a faked X advertising campaign, a phoney Tim Cook endorsement, and an offer to get ahead of the crowd and preorder Apple iToken crypto. I'll admit it, I'm an Apple fanboy and would likely be interested in most anything with an 'i' prefix to be fair. Whether that would stretch to cryptocurrency in the form of an Apple iToken is unlikely, as I'm not really a wannabe crypto bro. Unfortunately, the same cannot be said for many Apple fans, and crypto investors, for that matter. At least, that's what the threat actors behind the iToken scam are working on. They are also, it would appear, hoping that their target victim is going to be a user of X, the social media platform formerly known as Twitter and home to an active and highly vocal cryptocurrency community. Threat analysts working at Silent Push have uncovered a financial fraud campaign that employs all of the above, plus a little bit of Tim Cook, in order to try and get victims to part with their cash. Silent Push investigators were made aware of the campaign after spotting what appeared to be an advert on X, published May 1, that promoted an Apple iToken. The advertising URL displayed pointed to CNN for added gravitas and believability. This was, the Silent Push report said, achieved by using a 'known exploit for spoofing a URL on X/Twitter.' The crypto presale scam exploited the premise of an official Apple iToken release being forthcoming, and even went so far as to use a fake endorsement from Apple CEO Tim Cook himself to bolster the air of trust. Anyone clicking on the advert would be redirected to the presale website where an account would need to be created and payment made from any of 22 crypto wallets to pay for the non-existent crypto token. 'We found nearly 90 sites going back to 2024,' the researchers warned, 'with almost identical financial lures, all appearing to be from the same threat actor group.' This Apple iToken scam campaign's ability to spoof a visible X advertising URL is, the Silent Push report warned, 'a novel method for tricking potential victims, one only occasionally seen in the wild.' I have reached out to X and Apple for a statement and will update this article if any is forthcoming. In the meantime, don't get taken in by these scammers: there is no Apple iToken, Tim Cook has not endorsed it, CNN is not buying advertising promoting it.

Apple Passwords Attack Warning — Do Not Install This Update
Apple Passwords Attack Warning — Do Not Install This Update

Forbes

time05-05-2025

  • Forbes

Apple Passwords Attack Warning — Do Not Install This Update

This update could unlcok your Apple passwords. Although Microsoft users are more used to being on the receiving end of warnings about password compromise attacks, that doesn't mean that Apple fans can be complacent. As 19 billion stolen passwords are confirmed as being published to public forums online, and the FBI issues do not click alerts, Apple Mac users are the latest to be told do not: do not download this update or your Apple passwords could be vulnerable. Here's what you need to know. The days of users of Apple's macOS platform being able to think they were safe from cyber attackers are over. The truth is they never really existed at all. Windows is, without doubt, exposed to a greater number of attacks than macOS, not least due to market share, but that really doesn't make one operating system safer than the other. Especially, it must be said, when the human factor meets technological threat evolution. I have been warning about the danger of malware targeting macOS users for the longest time, with Apple password-stealing attacks high on my alert list. Indeed, in February, I reported how data theft attacks against Apple users had surged by 101%, if you want any further evidence of the clear and present threat to Mac users. A May 5 report from MacPaw's cybersecurity division, Moonlock, has confirmed just how dangerous the password-stealing Mac threat really is. The macOS malware campaign starts with a fake Realtek driver update notification and is believed to be the work of North Korean hackers, according to Mykhailo Hrebeniuk, a macOS security researcher at Moonlock.'Under the hood,' Hrebeniuk said, 'the updated attack delivers an infostealer, a type of malware designed to harvest Mac login credentials, Apple Passwords data, and browser cookies.' I have contacted both Apple and Realtek for a statement and will update this article if I receive any further information. The current macOS malware campaign involves five steps, as follows: The security researchers at Moonlock Lab have, Hrebeniuk said, seen a 340% increase in infostealers targeting Apple passwords through macOS malware campaigns. In this case, the campaign is a receded one that was first observed in April and labelled Contagious Interview, but has now evolved away from using a job offer social engineering lure to a Realtek driver update one. 'As the recycled malware campaign shows,' Hrebeniuk said, 'instead of creating a totally new kind of malware, hackers can simply fine-tune the old one to avoid detection.'

Realtek to Showcase Datavault AI's Acoustic Divisions WiSA E at Convergence India Expo, Featuring Solutions Supporting India's AI and Blockchain Initiatives
Realtek to Showcase Datavault AI's Acoustic Divisions WiSA E at Convergence India Expo, Featuring Solutions Supporting India's AI and Blockchain Initiatives

Yahoo

time19-03-2025

  • Business
  • Yahoo

Realtek to Showcase Datavault AI's Acoustic Divisions WiSA E at Convergence India Expo, Featuring Solutions Supporting India's AI and Blockchain Initiatives

Realtek and WiSA E to Demonstrate a SDK for the Set-Top Box Market Enabling Turnkey Multichannel Audio Powered by WiSA E and Realtek BEAVERTON, Ore., March 19, 2025--(BUSINESS WIRE)--Datavault AI Inc. (Nasdaq: DVLT), a leader in AI-driven data experience, valuation, and monetization, today announced that Realtek will showcase a new set-top box software development kit (SDK) featuring WiSA E technology at the Convergence India Expo from March 19-21, 2025, at Hall 5, for the Set-Top Box Market E60. Designed to provide a cost-effective and seamless way to integrate immersive wireless multichannel audio, Realtek's SDK highlights the power of WiSA E technology, delivering 5.1 spatial audio with zero added transmitter hardware cost. This breakthrough enables set-top box manufacturers to offer premium home entertainment experiences without increasing hardware expenses. This collaboration between Datavault AI and Realtek comes at a time in India's digital transformation that aligns with the government's initiatives in AI, blockchain, and secure data management. The addition of Data Vault® and ADIO®, patented AI and blockchain solutions, positions Datavault AI for enterprise contracting and seamless integration into India's corporate, government, and transportation sectors. These advanced technologies offer innovative solutions in AI-driven data monetization, blockchain-based security, and intelligent engagement systems, making them ideal for large-scale infrastructure projects, telecom providers, smart cities, and financial institutions. Transforming India's Digital Ecosystem with Secure AI and Blockchain Solutions As Prime Minister Narendra Modi emphasized, "AI is writing the code for humanity in this century. We must develop open-source systems that enhance trust and transparency, build quality data centers free from biases, and democratize technology to create people-centric applications." 1Datavault AI's Web 3.0-based solutions, including Data Vault® and ADIO®, are built precisely to support India's AI-driven economy by enabling businesses and governments to securely analyze and monetize data at scale without increasing cybersecurity burdens. Expanding Market Opportunities in India India's AI and blockchain integration strategy is rapidly gaining momentum across industries such as telecommunications, entertainment, finance, and smart infrastructure. The addition of Data Vault® and ADIO® allows Indian-based corporations and government entities to harness cutting-edge AI-powered data solutions to drive economic growth, cybersecurity, and next-generation content engagement. Prime Minister Modi recently stated, "Artificial intelligence, machine learning, Internet of Things, blockchain, and big data hold potential to take India to new heights of development and improve the quality of life of its citizens. 2" Datavault AI and Realtek are at the forefront of this technology revolution, providing solutions that integrate seamlessly into India's evolving tech landscape. "WiSA E technology enables manufacturers to seamlessly integrate multichannel immersive audio into set-top boxes, unlocking a richer entertainment experience for consumers while maintaining a low-cost transmission, semiconductor and hardware profile," said Nate Bradley, CEO of Datavault AI. "Beyond just audio, this capability is part of Datavault AI's broader vision—where experiences and data merge through our cloud-based Web 3.0 platform, enabling new end-user engagement and data monetization opportunities." Impact on the Market The AI market in India is projected to reach approximately $17 billion by 2027, growing at a compound annual growth rate (CAGR) of 25-35% between 2024 and 20273. The set-top box industry is projected to reach $33.56 billion by 2034, growing at a 6.3% CAGR4, while the wireless audio market is expected to expand from $56.5 billion in 2024 to $70.9 billion by 20295, reflecting the increasing demand for wireless entertainment solutions. By enabling WiSA E functionality in set-top boxes, Datavault AI not only expands its installed base but also unlocks new revenue streams through licensing and advanced features, such as ADIO inaudible tone technology, which adds additional value to both end users and set-top box manufacturers. Experience the Demonstration at Convergence India Expo Attendees can experience Realtek's WiSA E-enabled SDK demonstration at the Convergence India Expo, Booth: Hall 5, E60, from March 19-21, 2025. For more information on WiSA E-enabled demonstrations, please contact:Tony Parker, U.S.A. VP of Business Development & Strategy – tparker@ James Cheng, PhD, VP Worldwide Sales – james@ About Datavault AI Inc. Datavault AI1, (Nasdaq: DVLT) is leading the way in AI experience, valuation, and monetization of assets in the Web 3.0 environment. The company's cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. Datavault AI's Acoustic Science Division features WiSA®, ADIO® and Sumerian® patented technologies and industry first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. Datavault AI's cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange® (IDE) enables Digital Twins, licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI's technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring. The company is headquartered in Beaverton, OR. Learn more about Datavault AI at Cautionary Note Regarding Forward-Looking Statements This press release of Datavault AI contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, include, among others, the Company's expectations with respect to the strategic business and intellectual property agreements (the "Agreements"), including statements regarding the benefits of the Agreements, the implied valuation of the Company, the products offered by the Company and the markets in which it operates, and the Company's projected future results and market opportunities, as well as information with respect to Datavault AI's future operating results and business strategy. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of factors, including, but not limited to: (i) risks and uncertainties impacting Datavault AI's business including, risks related to its current liquidity position and the need to obtain additional financing to support ongoing operations, Datavault AI's ability to continue as a going concern, Datavault AI's ability to maintain the listing of its common stock on Nasdaq, Datavault AI's ability to predict the timing of design wins entering production and the potential future revenue associated with design wins, Datavault AI's ability to predict its rate of growth, Datavault AI's ability to predict customer demand for existing and future products and to secure adequate manufacturing capacity, consumer demand conditions affecting Datavault AI's customers' end markets, Datavault AI's ability to hire, retain and motivate employees, the effects of competition on Datavault AI's business, including price competition, technological, regulatory and legal developments, developments in the economy and financial markets, and potential harm caused by software defects, computer viruses and development delays, (ii) risks related to Datavault AI's ability to realize some or all of the anticipated benefits from the Agreements, any risks that may adversely affect the business, financial condition and results of operations of Datavault AI after the completion of the Agreements, including but not limited to cybersecurity risks, the potential for AI design and usage errors, risks related to regulatory compliance and costs, potential harm caused by data privacy breaches, digital business interruption and geopolitical risks, and (iii) other risks as set forth from time to time in Datavault AI's filings with the U.S. Securities and Exchange Commission. The information in this press release is as of the date hereof and the Company undertakes no obligation to update such information unless required to do so by law. The reader is cautioned not to place under reliance on forward looking statements. The Company does not give any assurance that the Company will achieve its expectations. Opening Address at the AI Action Summit in Paris, February 10, 2025 (via Press Information Bureau, Global Set-Top Box (STB) Market Overview Source: Nasscom and Boston Consulting Group. India's AI Market Projected to Reach $17 Billion by 2027. Reuters, 20 Feb. 2024, Wireless Audio Device Market Size, Share and Trends: Speech at the launch of the World Economic Forum's Centre for the Fourth Industrial Revolution in Mumbai, October 11, 2018 (via and View source version on Contacts Investor and Media ContactsInvestors: David Barnard, Alliance Advisors Investor Relations(415) 433-3777datavaultinvestors@ Media Inquiries: Sonia Choi(844) DATA-400sonia@ Sign in to access your portfolio

Realtek to Showcase Datavault AI's Acoustic Divisions WiSA E at Convergence India Expo, Featuring Solutions Supporting India's AI and Blockchain Initiatives
Realtek to Showcase Datavault AI's Acoustic Divisions WiSA E at Convergence India Expo, Featuring Solutions Supporting India's AI and Blockchain Initiatives

Yahoo

time19-03-2025

  • Business
  • Yahoo

Realtek to Showcase Datavault AI's Acoustic Divisions WiSA E at Convergence India Expo, Featuring Solutions Supporting India's AI and Blockchain Initiatives

Realtek and WiSA E to Demonstrate a SDK for the Set-Top Box Market Enabling Turnkey Multichannel Audio Powered by WiSA E and Realtek BEAVERTON, Ore., March 19, 2025--(BUSINESS WIRE)--Datavault AI Inc. (Nasdaq: DVLT), a leader in AI-driven data experience, valuation, and monetization, today announced that Realtek will showcase a new set-top box software development kit (SDK) featuring WiSA E technology at the Convergence India Expo from March 19-21, 2025, at Hall 5, for the Set-Top Box Market E60. Designed to provide a cost-effective and seamless way to integrate immersive wireless multichannel audio, Realtek's SDK highlights the power of WiSA E technology, delivering 5.1 spatial audio with zero added transmitter hardware cost. This breakthrough enables set-top box manufacturers to offer premium home entertainment experiences without increasing hardware expenses. This collaboration between Datavault AI and Realtek comes at a time in India's digital transformation that aligns with the government's initiatives in AI, blockchain, and secure data management. The addition of Data Vault® and ADIO®, patented AI and blockchain solutions, positions Datavault AI for enterprise contracting and seamless integration into India's corporate, government, and transportation sectors. These advanced technologies offer innovative solutions in AI-driven data monetization, blockchain-based security, and intelligent engagement systems, making them ideal for large-scale infrastructure projects, telecom providers, smart cities, and financial institutions. Transforming India's Digital Ecosystem with Secure AI and Blockchain Solutions As Prime Minister Narendra Modi emphasized, "AI is writing the code for humanity in this century. We must develop open-source systems that enhance trust and transparency, build quality data centers free from biases, and democratize technology to create people-centric applications." 1Datavault AI's Web 3.0-based solutions, including Data Vault® and ADIO®, are built precisely to support India's AI-driven economy by enabling businesses and governments to securely analyze and monetize data at scale without increasing cybersecurity burdens. Expanding Market Opportunities in India India's AI and blockchain integration strategy is rapidly gaining momentum across industries such as telecommunications, entertainment, finance, and smart infrastructure. The addition of Data Vault® and ADIO® allows Indian-based corporations and government entities to harness cutting-edge AI-powered data solutions to drive economic growth, cybersecurity, and next-generation content engagement. Prime Minister Modi recently stated, "Artificial intelligence, machine learning, Internet of Things, blockchain, and big data hold potential to take India to new heights of development and improve the quality of life of its citizens. 2" Datavault AI and Realtek are at the forefront of this technology revolution, providing solutions that integrate seamlessly into India's evolving tech landscape. "WiSA E technology enables manufacturers to seamlessly integrate multichannel immersive audio into set-top boxes, unlocking a richer entertainment experience for consumers while maintaining a low-cost transmission, semiconductor and hardware profile," said Nate Bradley, CEO of Datavault AI. "Beyond just audio, this capability is part of Datavault AI's broader vision—where experiences and data merge through our cloud-based Web 3.0 platform, enabling new end-user engagement and data monetization opportunities." Impact on the Market The AI market in India is projected to reach approximately $17 billion by 2027, growing at a compound annual growth rate (CAGR) of 25-35% between 2024 and 20273. The set-top box industry is projected to reach $33.56 billion by 2034, growing at a 6.3% CAGR4, while the wireless audio market is expected to expand from $56.5 billion in 2024 to $70.9 billion by 20295, reflecting the increasing demand for wireless entertainment solutions. By enabling WiSA E functionality in set-top boxes, Datavault AI not only expands its installed base but also unlocks new revenue streams through licensing and advanced features, such as ADIO inaudible tone technology, which adds additional value to both end users and set-top box manufacturers. Experience the Demonstration at Convergence India Expo Attendees can experience Realtek's WiSA E-enabled SDK demonstration at the Convergence India Expo, Booth: Hall 5, E60, from March 19-21, 2025. For more information on WiSA E-enabled demonstrations, please contact:Tony Parker, U.S.A. VP of Business Development & Strategy – tparker@ James Cheng, PhD, VP Worldwide Sales – james@ About Datavault AI Inc. Datavault AI1, (Nasdaq: DVLT) is leading the way in AI experience, valuation, and monetization of assets in the Web 3.0 environment. The company's cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. Datavault AI's Acoustic Science Division features WiSA®, ADIO® and Sumerian® patented technologies and industry first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. Datavault AI's cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange® (IDE) enables Digital Twins, licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI's technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring. The company is headquartered in Beaverton, OR. Learn more about Datavault AI at Cautionary Note Regarding Forward-Looking Statements This press release of Datavault AI contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, include, among others, the Company's expectations with respect to the strategic business and intellectual property agreements (the "Agreements"), including statements regarding the benefits of the Agreements, the implied valuation of the Company, the products offered by the Company and the markets in which it operates, and the Company's projected future results and market opportunities, as well as information with respect to Datavault AI's future operating results and business strategy. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of factors, including, but not limited to: (i) risks and uncertainties impacting Datavault AI's business including, risks related to its current liquidity position and the need to obtain additional financing to support ongoing operations, Datavault AI's ability to continue as a going concern, Datavault AI's ability to maintain the listing of its common stock on Nasdaq, Datavault AI's ability to predict the timing of design wins entering production and the potential future revenue associated with design wins, Datavault AI's ability to predict its rate of growth, Datavault AI's ability to predict customer demand for existing and future products and to secure adequate manufacturing capacity, consumer demand conditions affecting Datavault AI's customers' end markets, Datavault AI's ability to hire, retain and motivate employees, the effects of competition on Datavault AI's business, including price competition, technological, regulatory and legal developments, developments in the economy and financial markets, and potential harm caused by software defects, computer viruses and development delays, (ii) risks related to Datavault AI's ability to realize some or all of the anticipated benefits from the Agreements, any risks that may adversely affect the business, financial condition and results of operations of Datavault AI after the completion of the Agreements, including but not limited to cybersecurity risks, the potential for AI design and usage errors, risks related to regulatory compliance and costs, potential harm caused by data privacy breaches, digital business interruption and geopolitical risks, and (iii) other risks as set forth from time to time in Datavault AI's filings with the U.S. Securities and Exchange Commission. The information in this press release is as of the date hereof and the Company undertakes no obligation to update such information unless required to do so by law. The reader is cautioned not to place under reliance on forward looking statements. The Company does not give any assurance that the Company will achieve its expectations. Opening Address at the AI Action Summit in Paris, February 10, 2025 (via Press Information Bureau, Global Set-Top Box (STB) Market Overview Source: Nasscom and Boston Consulting Group. India's AI Market Projected to Reach $17 Billion by 2027. Reuters, 20 Feb. 2024, Wireless Audio Device Market Size, Share and Trends: Speech at the launch of the World Economic Forum's Centre for the Fourth Industrial Revolution in Mumbai, October 11, 2018 (via and View source version on Contacts Investor and Media ContactsInvestors: David Barnard, Alliance Advisors Investor Relations(415) 433-3777datavaultinvestors@ Media Inquiries: Sonia Choi(844) DATA-400sonia@

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