SpaceX Makes History With a Record-Breaking $75 Billion IPO – DTH

DTH-6-150x150 Microsoft Patches Critical Firmware Flaw Risking “Bricked” Surface Devices, Oracle Issues Security Advisory of a Critical PeopleSoft Flaw Under Active Exploitation, and Gemini Replaces Google Assistant on TCL Smart TVs.

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Show Notes

SpaceX Completes Record-Breaking $75 Billion IPO

“With a record-breaking $75 billion IPO, SpaceX has secured its position among the world’s largest public corporations. The offering, which involved pricing 555.6 million shares at $135 apiece, was officially announced on the company’s website this past Thursday. This landmark event is more than twice the magnitude of Saudi Aramco’s $29.4 billion listing from 2019, marking it as the largest IPO in history. This financial milestone also places founder Elon Musk on the path to potentially becoming the first trillionaire in the world.”

Source: Bloomberg

Microsoft Patches Surface Firmware Flaw

Microsoft has spent the last 90 days patching a firmware flaw in Surface devices that could “brick” hardware if Secure Core and Secure Boot were disabled. The vulnerability was inadvertently discovered by security researcher Jack Darcy, whose use of Microsoft Copilot to adjust screen backlighting resulted in the AI generating and executing Python scripts that overwrote critical firmware, rendering his device inoperable.

Source: The Register

Oracle Warns of Critical PeopleSoft Vulnerability

Oracle has issued a security advisory regarding a critical, unpatched vulnerability in its PeopleSoft software, which is currently being exploited by the hacking group ShinyHunters to breach over 100 organizations. Mandiant has confirmed that the flaw allows for unauthenticated remote exploitation, and while a formal patch is pending, Oracle advises customers to implement immediate mitigations to protect their systems.

Source: TechCrunch

Gemini Replaces Google Assistant on TCL TVs

Gemini is replacing Google Assistant on select TCL smart TV models, enabling users to control audio and video settings, troubleshoot issues, and access menus through voice commands. Additionally, Google TV has launched a FIFA World Cup Hub offering live game info and content, currently available to US customers.

Source: Thurrott

Meta Expands Edits With AI Assistant

Meta is enhancing its video-editing app, Edits, with an AI assistant that provides data-driven content recommendations and a forthcoming desktop version to better compete with ByteDance’s CapCut. Alongside these updates, Meta introduced new features including a Beta tab for experimental tools, expanded audience insights, and A/B testing capabilities, aiming to solidify Edits as a permanent, sticky tool within the Instagram creator ecosystem.

Source: Thurrott

Google Sues Cybercrime Group Over AI-Powered Fraud

Google has filed a lawsuit against the Chinese cybercrime organization “Outsider Enterprise” for using its Gemini AI to orchestrate a massive, transnational fraud scheme. By leveraging Gemini to create thousands of convincing fake websites and fraudulent URLs, the network successfully targeted hundreds of thousands of victims, causing millions in losses. In response to this coordinated operation, Google is collaborating with the FBI and major telecom carriers to dismantle the network and is actively advocating for seven bipartisan legislative bills aimed at curbing future AI-driven scams and organized transnational crime.

Source: Engadget

Coinbase Launches AI Agent Trading Platform

Coinbase has launched “Coinbase for Agents,” a tool enabling AI models like ChatGPT and Claude to execute financial transactions and trade on behalf of users. By leveraging its machine-to-machine x402 payment protocol, the platform allows agents to autonomously manage portfolios, access digital services, and conduct crypto trades without human intervention. This initiative positions AI agents as primary economic actors on the internet while driving revenue for Coinbase through trading fees, USDC transaction spreads, and increased volume on its Base blockchain.

Source: CNBC

Amazon Updates Echo Hub

Amazon has announced significant updates to the Echo Hub, introducing enhanced customization options that allow users to manually group devices and resize tiles on the home screen. The update also brings granular controls, such as precise dimming and color selection for smart bulbs, and improved security integration for Alexa Plus and Ring AI subscribers, enabling the Hub to display video summaries and simultaneous camera feeds.

Source: CNET

Support Grows for Public Wealth Funds Backed by AI

AI startups and government officials, including Senator Bernie Sanders and the president, are increasingly advocating for public wealth funds or equity stakes in major AI firms to allow citizens to benefit from the industry’s growth. This movement, supported by companies like OpenAI and Anthropic, stems from concerns regarding potential societal disruptions and widespread job displacement as AI technology continues to advance.