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Ransomware Simulation Debrief
  + stars: | 2022-12-06 | by ( Eamon Javers | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRansomware Simulation DebriefCol. Sean Hannah joins cybersecurity experts Nicole Eagan and Charles Carmakal on stage to debrief the results of the ransomware simulation and discuss the many layers cyber risk that companies face today. They will recap how the members approached the scenario and the decisions made, as we dig further into how companies and governments can work together to prepare for future attacks. CNBC's Eamon Javers moderates a discussion with Col. Sean Hannah, US Army retired; Charles Carmakal, Mandiant SVP & CTO and CNBC Technology Executive Council member; and Nicole Eagan, Darktrace Chief Strategy Officer, AI Officer and CNBC Technology Executive Council member at the 2022 CNBC CFO Council Summit on November 30, 2022.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple has issues, and it's not just China, says Hightower's Stephanie LinkShannon Saccocia, Rob Sechan, Stephanie Link, and Josh Brown are joined by CNBC technology correspondent Steve Kovach on the 'Halftime Report' to discuss the risk associated with Apple and losses related to Apple's supply shortage.
Much of this vision hinges on Meta's $1,500 Quest Pro headset, which went on sale last month. The new virtual reality headset has some noted improvements over the mass consumer $400 Quest 2 headset model (which will remain on sale, though a Quest 3 is expected next year) — notably better sound and sensors. The Quest Pro can track your eyes and face, so your avatar can make the same faces that you do. Meta is betting that businesses, not consumers, are going to be the first big market for the Pro headset. Mark Zuckerberg, chief executive officer of Meta Platforms Inc., demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022.
The Biden White House hasn't made any determination yet on a TikTok ban, Kemba Walden, Principal Deputy National Cyber Director, said at the CNBC Technology Executive Council Summit on Tuesday. With national defense the focus, she said the White House is looking at strategic investments to identify how to make domestic systems more resilient and counter information operations. Walden said she is concerned not only as a White House official but as a parent. The Office of the National Cyber Director was established by the Biden administration in 2021, with Chris Inglis being named the first National Cyber Director. Walden said increasing cybersecurity education is just one of the ways the White House is aiming to "get in front of the adversary."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA sneak peak of Mark Zuckerberg's Quest Pro metaverse for top tech executivesTechnology executives from sectors across the economy donned Quest Pro headsets and got a glimpse of how the metaverse may change corporate life as part of the CNBC Technology Executive Council Member Summit in New York City.
For tech investors hoping Meta Platforms finds religion on cost cuts as they relate to heavy spending on virtual reality, now is not the time to bet on it. Right now, that means more than $10 billion a year in losses from Reality Labs, but a top Meta VR executive told CNBC this week that the spending will continue. Investors want to see Big Tech rein in spending in what's been a tough stock market and a slowing economy. "But the investments we are making in the core business, and the future business, are the right ones," he said. He stressed that the spending level is a direct byproduct of the level of change the company is chasing.
"We looked at investment twice, and passed both times," Mnuchin said at the CNBC Technology Executive Council Summit in New York on Tuesday. I did not expect it would unwind nearly as quickly, and if indeed customer funds were misused those are very serious issues," he said. "We were a bit surprised by the overall level of valuation," Mnuchin said. "You had people doing an investment a day in tech," Mnuchin said at the CNBC event. Though he added that the allegations of misuse of customer funds in the FTX case do point to a foundational principal in financial regulation.
Meta Reality Labs exec explains why VR spending will remain high
  + stars: | 2022-11-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta Reality Labs exec explains why VR spending will remain highAsh Jhaveri, vice president in Meta Platforms' Reality Labs division, tells the CNBC Technology Executive Council that spending on VR will remain high despite cost cuts at the company.
Over the course of CNBC's ongoing conversations with the members of the TEC, an idea for a new list emerged. It would be a list of enterprise-focused, technology-driven startups powering digital transformation, attracting strategic investments and potentially drawing acquisition interest. And so, we present this first annual list of Top Startups for the Enterprise , powered by the members of the CNBC Technology Executive Council. CNBC reached out to companies from that list of nominees that self-identified as "enterprise" or "B2B" and asked them to opt in to being considered for a new list of startups for the enterprise. In addition to those companies, TEC members were given the opportunity to nominate new companies for the list via an anonymous survey.
Put another way, for every 100 lines of code, 40 are being written by the AI, with total project time cut by up to 55%. "After a year of Copilot, about 40% of code was written by the AI where Copilot was enabled," Dohmke said. The GitHub CEO expects more of those Copilot code suggestions to be taken — in the next five years, up to 80%. Now, whether the coding task is related to payment processing or a social media login, most companies — whether startups or established enterprises — put in open source code. "From punch cards to building everything ourselves to open source, to now within a lot of code, AI writing more," he said.
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