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C-Suite Trends: Spending on Defensive AI, IT to Rise in 2021

MIT Technology Review Insights and cybersecurity firm Darktrace published a survey of 300+ worldwide C-level executives, directors and managers that reveals 96 percent are adopting “defensive AI” against AI-driven attacks. Of this cohort, 55 percent said traditional security solutions aren’t able to anticipate such AI-driven attacks. Defensive AI is comprised of self-learning algorithms that recognize normal user, device and system patterns and can spot anomalies. Gartner reported that global spending on IT will reach $4.1 trillion this year. Read more

EU Legislation to Ban AI for Surveillance and Social Ranking

In upcoming legislation from the European Commission, the European Union plans to ban artificial intelligence used for mass surveillance or ranking social behavior, with the rules applying equally to “companies based in the EU or abroad.” The measure could be unveiled as early as next week. Under the law, EU member states would be required to create “assessment bodies” to test, certify and inspect AI systems. In Germany, Hamburg authorities are seeking to stop Facebook from collecting user data from WhatsApp. Read more

ArcLight Cinemas, Pacific Theatres to Shut Down Operations

To the dismay of cinephiles, ArcLight Cinemas and Pacific Theatres are permanently shuttered, a victim of the COVID-19 pandemic. Among the company’s holdings is the historic Cinerama Dome on Sunset Boulevard in Hollywood. An IndieWire report stated that Pacific Theatres still owes $181,900 for its March 2021 rent on the Culver City ArcLight location, which could rise to $2.2 million for a full year. Parent company Decurion Corporation controlled 300+ screens in California, including 18 at the Americana at Brand mall in Glendale and 14 at The Grove in Los Angeles. Read more

Biden Plan Aims to Build U.S. Semiconductor Manufacturing

President Joe Biden stated that investing in the manufacturing of semiconductors is part of his administration’s effort to improve the nation’s infrastructure, in order to “build the infrastructure of today and not repair the one of yesterday … [as well as] protect our supply chain and revitalize American manufacturing.” A shortage of semiconductors has impacted industries worldwide and hit the automotive industry particularly hard, forcing a slowdown or cessation of production across the U.S. To assess the problem, White House officials met with 20 chief executives from tech and automotive companies this week. Read more

Nvidia to Power Giant AI Computing with Its Arm-Based CPU

Nvidia debuted its Arm-based Grace CPU for giant artificial intelligence and high-performance computing applications, the company’s first such data center CPU. At Nvidia’s GTC 2021 conference, chief executive Jensen Huang said Grace, which offers 10 times the performance using energy-efficient Arm cores, will first be used by the Swiss National Supercomputing Centre (CSCS) and the U.S. Department of Energy’s Los Alamos National Laboratory (LANL). The CPU, named for U.S. Navy rear admiral and computer programming pioneer Grace Hopper, is slated for availability in early 2023. Read more

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