Several significant developments in the tech world emerged this week, including the opening of Nothing's first retail store in India, a data breach at fintech lending giant Figure Technology, and security vulnerabilities affecting a major Indian pharmacy chain and DJI Romo robovacs. Additionally, top talent continues to depart from leading AI companies like OpenAI and xAI.
Nothing, the hardware company backed by Tiger Global, opened its first retail store in India, its largest market, according to TechCrunch. The two-story store in Bengaluru will showcase the company's products and offer customization options. "We wanted to create a fun space," the company stated, drawing inspiration from its brand's manufacturing processes.
Meanwhile, Figure Technology, a blockchain-based lending company, confirmed a data breach. A spokesperson told TechCrunch that the breach occurred after an employee was targeted in a social engineering attack. The hacking group ShinyHunters claimed responsibility, stating the company refused to pay a ransom and published 2.5 gigabytes of allegedly stolen data. Figure is communicating with partners and those impacted, and offering free credit monitoring.
In India, a security lapse at DavaIndia Pharmacy, a pharmacy arm of Zota Healthcare, exposed customer order data and sensitive drug-control functions, TechCrunch reported. Security researcher Eaton Zveare discovered the flaw, which allowed outsiders to gain full administrative control of the platform. The bug has since been fixed.
Adding to the security concerns, The Verge reported on the DJI Romo robovac, which had such poor security that one individual remotely accessed thousands of them.
Finally, the AI sector continues to experience significant talent departures. According to TechCrunch, xAI has seen half of its founding team leave, while OpenAI is undergoing its own internal restructuring.
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