Leonardo is divesting its business line responsible for making torpedos. The defense company signed a definitive agreement with Fincantieri, one of the biggest shipbuilders in Europe, for the sale of Underwater Armaments Systems for up to $447 million. In a press release, Leonardo said Fincantieri will pay a fixed amount of about $323 million for UAS. Leonardo will get up...
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Report: US Plans Export Limit on AI Models as Shield Against Hostile Chinese, Russian Activities
The U.S. Department of Commerce is planning new export restrictions on proprietary artificial intelligence models for advanced systems to safeguard the technologies from hostile exploitation. Sources told Reuters on Wednesday that any new export control would likely affect China, Russia, North Korea and Iran. The plan supplements export limits already imposed on advanced AI chips to China to stem its...
US, Allies Release Joint Guidance for Procuring Secure, Verifiable Tech
The cybersecurity agencies of New Zealand, Australia, the United States, Canada and the United Kingdom have published a joint guidance to help organizations procure secure-by-design technologies. According to the document “Choosing Secure and Verifiable Technologies,” a purchaser should assess a product and its manufacturer before buying to ensure it is within an organization’s risk tolerance. Other recommendations include considering security...
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Report: US Plans Export Limit on AI Models as Shield Against Hostile Chinese, Russian Activities
The U.S. Department of Commerce is planning new export restrictions on proprietary artificial intelligence models for advanced systems to safeguard...
US, Allies Release Joint Guidance for Procuring Secure, Verifiable Tech
The cybersecurity agencies of New Zealand, Australia, the United States, Canada and the United Kingdom have published a joint guidance...
Oracle to Hire Local Talent for Expanded R&D Capabilities in Morocco; Safra Catz Quoted
Oracle has signed an agreement with Morocco to expand its research and development capabilities in the North African country. Oracle...
Elbit Systems Seals $53M Deal to Supply European Customer With Turreted Mortar System
Elbit Systems said it will deliver mortar systems to an unnamed European customer under a $53 million contract award. The...
US Indicts Russian National Over Role in LockBit Ransomware Campaign
The United States has unmasked and indicted a Russian national allegedly involved in the creation of the LockBit ransomware, which...
RTX to Supply Missile Upgrade Kits to UAE Under Potential $144M Deal
The U.S. Department of State has cleared the possible sale of high-speed anti-radiation missile control section modification upgrade and related...