logo
CNA938 Rewind - Mind Your Money - Plugging the cybersecurity talent gap without adding headcount

CNA938 Rewind - Mind Your Money - Plugging the cybersecurity talent gap without adding headcount

CNA11 hours ago
CNA938 Rewind
Singapore's cybersecurity needs are growing, but hiring budgets aren't. With AI-powered threats on the rise and digitalisation surging across sectors, companies face a tough dilemma: strengthen cyber defences without growing headcount. Cheryl Goh finds out the best workaround for this with Pang Tzer Yeu, CISO-in-Residence at Red Alpha Cybersecurity.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Revamped *SCAPE to open in November with focus on youth-led programmes
Revamped *SCAPE to open in November with focus on youth-led programmes

CNA

time31 minutes ago

  • CNA

Revamped *SCAPE to open in November with focus on youth-led programmes

A space for youths in the heart of Orchard Road is set to complete its third revamp since it began almost two decades ago. From November, *SCAPE's latest and biggest iteration will move away from retail offerings and focus more instead on youth-led programmes, such as career pathways and community building. It expects an annual footfall of more than 2 million people and hopes to reach over 30,000 youths annually. The refreshed *SCAPE is part of the SG Youth Plan, a five-year blueprint on how to support the nation's youth that is set to be released next year. Muhammad Bahajjaj reports.

Premier League forms five-year AI partnership with Microsoft
Premier League forms five-year AI partnership with Microsoft

CNA

time31 minutes ago

  • CNA

Premier League forms five-year AI partnership with Microsoft

The English Premier League and Microsoft on Tuesday announced a five-year partnership where the cloud giant will infuse its artificial intelligence Copilot into the league's digital platforms to provide quick facts and statistics about matches. Audiences and fans will be able to learn about Premier League clubs, players, matches through an AI companion powered by Microsoft's Copilot which can pull information from over 30 seasons of stats, 300,000 articles and 9,000 videos, they said. AI has strongly resonated with sports leagues and sports entertainment companies as they look to streamline the vast troves of data to attract larger audiences and drive engagement. Spain's LaLiga soccer league, which features clubs such as Real Madrid and FC Barcelona, also uses AI in match analysis and media production while clubs roll out AI-driven experiences to engage more fans. The Premier League, England's top soccer league, is also migrating its core digital infrastructure to Microsoft Azure to allow for easier AI integration and create a unified platform for the league.

Exclusive-Scale AI's bigger rival Surge AI seeks up to $1 billion capital raise, sources say
Exclusive-Scale AI's bigger rival Surge AI seeks up to $1 billion capital raise, sources say

CNA

time44 minutes ago

  • CNA

Exclusive-Scale AI's bigger rival Surge AI seeks up to $1 billion capital raise, sources say

Surge AI, a data-labeling firm that competes with Scale AI, has hired advisors to raise as much as $1 billion in the first capital raising in the firm's history, sources told Reuters, as it seeks to capitalize on growing user demand amid Scale AI's recent customer exodus. The company, founded by former Google and Meta engineer Edwin Chen, is targeting a valuation of over $15 billion, sources said, cautioning that the talks are still in early stages and the final number could be higher. The funding would be a mix of primary and secondary capital that provides liquidity for the employees. Surge AI, which has been profitable and bootstrapped by Chen, has raked in over $1 billion in revenue last year, bigger than its better-known competitor Scale AI, which reported $870 million in revenue over the same period of time. In comparison, Scale AI was valued at $14 billion in a funding round last year, and was mostly recently valued at nearly $29 billion when Meta invested for a 49 per cent stake in the company and poached its CEO Alexandr Wang to be its chief AI officer to lead its new Superintelligence Labs. Surge AI declined to comment. Like other Scale AI competitors, Surge AI is benefiting from Scale AI's customer losses following Meta's investment. This includes OpenAI and Scale's largest customer, Google, who are now planning to move away from the platform over concerns that doing business with Scale could expose their research priorities to Meta. Scale has said its business remains strong, and it is committed to protecting customer data. Surge AI's quiet yet meteoric rise has positioned it as one of the largest players in the crowded data labeling industry, defying the typical Silicon Valley playbook of raising massive rounds of venture capital to fuel growth. Founded in 2020, the San Francisco-based company has largely operated under the radar, known for its premium, high-end data labeling services used by top AI labs, including Google, OpenAI and Anthropic. As reinforcement learning from human feedback (RLHF) has become more important in training advanced AI systems, the demand for meticulously labeled, nuanced datasets has grown. Surge AI has capitalized on this trend by appealing to a network of highly skilled contractors instead of large pools of low-wage labor. The outsized funding of Surge would be a test of investor interest in the data labeling sector. Some investors view data labeling as an ongoing necessity for AI development, predicting a continued demand from leading AI labs. Others express concern that the industry's low margins and reliance on human labor could make it vulnerable to automation, as AI technology advances and the need for manual annotation diminishes.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store