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AI-POWERED CYBERATTACK CAMPAIGN TARGETS MORE THAN 1,200 WEBSITES IN MAJOR SECURITY WARNING
A cybersecurity investigation has revealed an extensive hacking campaign involving autonomous artificial intelligence tools. Researchers reported that a hacker used AI agents to target more than 1,200 websites. According to the investigation, over 100 organizations were compromised during the campaign. The findings were detailed in reporting published Monday, October 19. The case raises concerns about the increasing use of artificial intelligence to automate cyberattacks. SMM
Oct 191 min read


TECHNOLOGY STOCKS PLUNGE AS WALL STREET QUESTIONS THE COST OF THE ARTIFICIAL INTELLIGENCE BOOM
Technology companies experienced significant losses on Wall Street Friday, October 16, 2026, as investors expressed growing concerns about the financial sustainability of massive artificial intelligence investments. The technology-heavy Nasdaq Composite dropped 2.1%, closing at 26,140.03, while major semiconductor companies suffered sharp declines amid uncertainty surrounding the long-term profitability of AI infrastructure expansion. SMMC NEWS REPORT The selloff affected sev
Oct 171 min read


G7 NATIONS AGREE TO CONDUCT EMERGENCY DRILLS AGAINST AI-POWERED CYBERATTACKS ON FINANCIAL SYSTEMS
Finance leaders from the Group of Seven (G7) major economies have agreed to conduct simulated cybersecurity exercises designed to prepare financial institutions and government authorities for potential cyberattacks involving artificial intelligence. The agreement comes amid growing international concerns that increasingly advanced AI systems could be used to exploit vulnerabilities in banking networks and critical financial infrastructure. SMMC NEWS REPORT The agreement was d
Oct 171 min read


APPLE AND META COLLABORATE TO DEMONSTRATE ADVANCED AI TECHNOLOGY ON MAC COMPUTERS
Apple and Meta have reportedly collaborated on a technical demonstration involving Meta's artificial intelligence technology running locally on Apple's Mac Studio computers. The development highlights growing interest in operating advanced AI models directly on personal computers rather than relying entirely on cloud-based systems. SMMC NEWS REPORT The demonstration reportedly involved Meta's Muse Spark AI model operating on high-performance Apple hardware. Running artificial
Oct 171 min read
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