Nvidia soars, Europol crackdown, Signal defends cloud | Ep. 12

Hello and welcome to your 2-Minute Tech Briefing from Computerworld. I'm your host, Jason Robinson, reporting from the New York Stock Exchange. Now here are the top IT news stories you need to know for Wednesday, November 5th. Let's dive in.

From Computerworld, Nvidia has just become the first company ever to hit a $5 trillion valuation on the NASDAQ fueled by surging demand for AI hardware, the chipmakers rise has been nothing short of New York.

Nvidia crossed the 5 trillion mark during last week's trading, just months after surpassing 4 trillion back in July, a staggering climb, and no sign of slowing down.

And from CSO Online, in Europe, authorities have taken down a massive cyber crime as a service operation that was behind nearly 49 million fake accounts.

In raids across Europe, seven suspects were arrested, and five servers 40,000 active SIM cards, as well as luxury cars, bank accounts and crypto wallets were seized. Investigators believe the network defrauded victims in over 80 countries, stealing millions of euros in total.

And finally, from Computerworld, this corrupted messaging app Signal is defending its reliance on Amazon Web Services a recent AWS outage briefly took the app offline, sparking questions about why your privacy first platform depends on a cloud giant. Signal CEO says the issue isn't choice, it's concentration of power.

She knows that only three or four hyperscalers now control the world's cloud infrastructure, leaving few independent options for companies like signal, that's your 2- Minute Tech Briefing for today.

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