Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"

Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months.

Shanghai Suffers Another Data Hack Bearing A Connect With Alibaba

Anusuya Lahiri
August 12, 2022
  • A hacker offered to sell the personal information of 48.5 million users of a COVID health code mobile app run by Shanghai city for $4,000, Reuters reports.
  • It marks the second claim of a breach of the Chinese financial hub's data in just over a month.
  • Suishenma is the Chinese name for Shanghai's health code system, which China established in early 2020 to combat the spread of COVID-19. 
  • The city government manages the data, and users access it via the Alibaba Group Holding Limited (NYSE: BABA) affiliate Ant Group's Alipay app and Tencent Holding Ltd's (OTC: TCEHY) WeChat app.
  • The app collects travel data to give people a red, yellow, or green rating indicating the likelihood of having the virus, and users have to show the code to enter public venues.
  • "This DB (database) contains everyone who lives in or visited Shanghai since Suishenma's adoption," claimed the hacker who initially asked for $4,850.
  • In July, another hacker claimed to have procured 23 terabytes of personal information belonging to one billion Chinese citizens from the Shanghai police.
  • The hacker acknowledged regaining the stolen information from Alibaba Cloud.
  • The Shanghai police summoned Alibaba executives and senior technicians after the breach.
  • Price Action: BABA shares traded lower by 3.05% at $91.98 in the premarket on the last check Friday.
  • Photo by Fooksou Lamimo via Wikimedia

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