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India’s Times Internet isn’t ceding ground to US rivals Facebook and Google

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The aggressive push by Silicon Valley companies and Chinese firms to win India, one of the last great growth markets, has decimated many local businesses in recent years. With each passing day, Amazon is closing in on Walmart-owned Flipkart’s lead on the e-commerce space. Uber is fighting with Ola for the tentpole position of the ride-hailing market; and Google and Facebook dominate the ads business, to name a few. But a handful of companies in India have not only survived the growing competition, but they have built businesses that are positively thriving.

Media conglomerate Times Internet, one such company, says that its properties now reach 110 million users each day and 450 million unique users each month. To put this in context: Facebook and Google have about 300 million monthly active users in India. Facebook, which is mired in controversy over the spread of misinformation on WhatsApp in India (and other regions), has not revealed its growth in the nation in last two years. But in a marketing pitch, the juggernaut says its family of apps (marquee Facebook, WhatsApp, and Instagram) reach 350 million users in the nation each month.

In a rare industry move, Satyan Gajwani, vice chairman of Times Internet, shared an overview of the conglomerate’s business on Tuesday, revealing the ever growing tentacles of its ambitions.

If the numbers are so huge, why self-publish? Gajwani declined to comment but his company is in a unique situation. For all its scale, Times Internet remains one of the least talked about conglomerates of its size in the country. Most news organizations in India compete with its media outlets, which may explain why it is under-reported in the press.

The ever-growing portfolio of Times Internet companies

The subsidiary of 181-year-old Bennett Coleman and Company Limited (popularly known as Times Group) operates more than three dozen properties, including newspaper Times of India, online outlet Indiatimes, advertisement business Colombia, venture arm Tventures, and streaming services Gaana and MX Player . And nearly all of these properties are growing, Gajwani said.

For instance, Times Internet’s news outlets have amassed 265 million monthly active users. The Times of India, the country’s most read newspaper and news website, alone has 212 million monthly active users, up by 44% since last year. Times Internet’s regional digital periodicals such as NewsPoint, Navbharat Times, Maharashtra Times, Vijay Karnataka now have 122 monthly active users, he said.

Music streaming service Gaana, which raised $115 million from Tencent and others last year, reached 100 monthly active users in March this year, the service announced last week. MX Player, a video playback app that doubles as a streaming service that Times Internet acquired for some $140 million last year, is one of the most popular Android apps in emerging markets.

During the first month of ongoing IPL cricket tournament, one of the hottest events in India, 118 million users tuned into Times Internet’s Cricbuzz, a news and entertainment service dedicated to sports. As the ecosystem of mobile gaming begins to gain major traction in India, Times Internet says it is building a portfolio of apps in this space, too.

Its lifestyle properties such as MensXP, iDiva, and Whats Hot have 40 million monthly active users and its videos clock more than 200 million views each month. These properties are exploring an additional revenue channel by selling products directly to customers, Gajwani told TechCrunch in an interview.

Times Internet vice chairman Satyan Gajwani

Moving beyond ads

Chasing that avenue illustrates Times Internet’s growing push to grow its business beyond ads. Most of Times Internet’s properties are built on top of ads and don’t cost users anything for access. Its own advertising business, called Colombia, now supplements some advertisement on its network and is used by more than a dozen outside brands including Ola, ABP News, and Hotstar.

But online advertising still can’t compete with those of TV and print in India, Satish Meena, an analyst with research firm Forrester told TechCrunch. So in recent years, Times Internet has announced a number of subscription services across many of its properties.

“Especially for premium publishers, an ads-only business model is not likely to last or sustain in the long run,” Gajwani said. Last year, Times Internet announced Times Prime, a subscription bundle that includes access to premium version of Gaana, an ad-free experience on Times of India, and discounts on a number of third-party services such as food delivery Swiggy, retailer BigBasket, and theatre chain PVR Cinemas. Gajwani said Times Internet has hit a million customers across its subscription services.

Part of Times Internet’s push to expand its revenue channels is its growing focus on Tventures, its VC fund that made early investments in a number of startups including edtech startup Byju’s and logistics startup Delhivery, two unicorns. It has also invested in ride-hailing service Shuttl, and cricket fantasy app MPL among others.

Gajwani said Tventures looks at “use cases that can benefit from its growing network.” And that’s one of the big advantages of Times Internet’s scale. The properties they own enjoy great advertisement benefits across its sprawling network. “There are very few companies — with exception of Google and Facebook — that have our level of scale,” Gajwani said.

Times Internet, which employs over 5,000 people, also operates Times Bridge, an investment firm that ties with international brands to help them launch in India. Some of its strategic partners include Uber, Airbnb, and Coursera. It also partnered with a number of news outlets including Business Insider, TechRadar, Huffington Post (which, like TechCrunch, is owned by Verizon Media Group), AdAge, PCMag, and Gizmodo Media properties Lifehacker and Gizmodo to launch them in India.

But it isn’t all success, there have been less successful ventures particularly in the media segment.

The Indian versions of Lifehacker, Gizmodo, TechRadar, and PCMag failed to attract significant audiences in the nation and have already closed shops. Huffington Post ended its partnership with Times Internet in 2017 and it now wholly controls Huffington Post India.

Gajwani admitted that Times Internet realized working with some niche publishers isn’t so sustainable. “We have some partnerships that we maintain that are doing well such as Business Insider,” he added. Today, Times Internet is no longer primarily looking at publishers for future partnerships, and instead focusing on “platforms and technologies.”

A couple of hiccups aside, the biggest challenge for Times Internet going forward is generating sufficient revenue from ads and convincing enough users to become paying customers. Times Internet generated $202 million in fiscal year 2018 at a loss of $23 million, according to regulatory filings. In an interview last week, Gaana CEO Prashan Agarwal said his music streaming service, which dominates the market but is not profitable, will introduce a number of premium plans across a wide range of price tiers to attract users.

Gajwani said he also hopes to build Colombia into one of the biggest ad networks in India and tap 20 million paying subscribers by 2023. He said some properties within Times Network could raise additional cash from outside investors in the coming future.  These are ambitious goals, but Times Internet is one of the few firms in India that realistically has a shot at co-existing with dominant overseas tech platforms.

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Mass exploitation of critical MOVEit flaw is ransacking orgs big and small

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Organizations big and small are falling prey to the mass exploitation of a critical vulnerability in a widely used file-transfer program. The exploitation started over the Memorial Day holiday—while the critical vulnerability was still a zeroday—and continues now, some nine days later.

As of Monday evening, payroll service Zellis, the Canadian province of Nova Scotia, British Airways, the BBC, and UK retailer Boots were all known to have had data stolen through the attacks, which are fueled by a recently patched vulnerability in MOVEit, a file-transfer provider that offers both cloud and on-premises services. Both Nova Scotia and Zellis had their own instances or cloud services breached. British Airways, the BBC, and Boots were customers of Zellis. All of the hacking activity has been attributed to the Russian-speaking Clop crime syndicate.

Widespread and rather substantial

Despite the relatively small number of confirmed breaches, researchers monitoring the ongoing attacks are describing the exploitation as widespread. They liken the hacks to smash-and-grab robberies, in which a window is broken and thieves grab whatever they can, and warned that the quick-moving heists are hitting banks, government agencies, and other targets in alarmingly high numbers.

“We have a handful of customers that were running MOVEit Transfer open to the Internet, and they were all compromised,” Steven Adair, president of security firm Volexity, wrote in an email. “Other folks we have talked to have seen similar.”

Adair continued:

I do not want to categorize our customers at this point since I do not know what all is out there in terms of who is running the software and give them away. With that said, though—it’s both massive and small organizations that have been hit. The cases we have looked into have all involved some level of data exfiltration. The attackers typically grabbed files from the MOVEit servers less than two hours after exploitation and shell access. We believe this was likely widespread and a rather substantial number of MOVEit Transfer servers that were running Internet-facing web services were compromised.

Caitlin Condon, a senior manager of security research who leads the research arm of security firm Rapid7, said normally her team reserves the term “widespread threat” for events involving “many attackers, many targets.” The attacks under way have neither. So far there’s only one known attacker: Clop, a Russian-speaking group that’s among the most prolific and active ransomware actors. And with the Shodan search engine indexing just 2,510 Internet-facing MOVEit instances when the attacks began, it’s fair to say there aren’t “many targets,” relatively speaking.

In this case, however, Rapid7 is making an exception.

“We aren’t seeing commodity threat actors or low-skill attackers throwing exploits here, but the exploitation of available high-value targets globally across a wide range of org sizes, verticals, and geo-locations tips the scale for us on classifying this as a widespread threat,” she explained in a text message.

She noted that Monday was only the only third business day since the incident became widely known and many victims may only now be learning they were compromised. “We expect to see a longer list of victims come out as time goes on, particularly as regulatory requirements for reporting come into play,” she wrote.

Independent researcher Kevin Beaumont, meanwhile, said on social media on Sunday night: “I’ve been tracking this—there are a double-digit number of orgs who had data stolen, that includes multiple US Government and banking orgs.”

The MOVEit vulnerability stems from a security flaw that allows for SQL injection, one of the oldest and most common classes of exploit. Often abbreviated as SQLi, these vulnerabilities usually stem from a failure by a Web application to adequately scrub search queries and other user input of characters that an app might consider a command. By entering specially crafted strings into vulnerable website fields, attackers can trick a Web app into returning confidential data, giving administrative system privileges, or subverting the way the app works.

Timeline

According to a post published by security firm Mandiant on Monday, the first signs of the Clop exploitation spree occurred on May 27. In some cases data theft occurred within minutes of the installation of a custom webshell tracked as LemurLoot, the researchers said. They added:

Mandiant is aware of multiple cases where large volumes of files have been stolen from victims’ MOVEit transfer systems. LEMURLOOT can also steal Azure Storage Blob information, including credentials, from the MOVEit Transfer application settings, suggesting that actors exploiting this vulnerability may be stealing files from Azure in cases where victims are storing appliance data in Azure Blob storage, although it is unclear if theft is limited to data stored in this way.

The webshell is disguised with filenames such as “human2.aspx” and “human2.aspx.lnk” in an attempt to masquerade as human.aspx, a legitimate component of the MOVEit Transfer service. Mandiant also said it has “observed several POST requests made to the legitimate guestaccess.aspx file before interaction with the LEMURLOOT webshell, indicating SQLi attacks were directed towards that file.”

On May 31, four days after the earliest attacks began, MOVEit provider Progress patched the vulnerability. Within a day, social media posts surfaced reporting that the vulnerability was under exploit by a threat actor who was installing a file named human2.aspx in the root directory of vulnerable servers. Security firms soon confirmed the reports.

Formal attribution that Clop is behind the attacks came on Sunday from Microsoft, which linked the attacks to “Lace Tempest,” the name that company researchers use to track a ransomware operation that maintains the extortion website for the Clop ransomware group. Mandiant, meanwhile, found that tactics, techniques, and procedures used in the attack matched those of a group tracked as FIN11, which has deployed Clop ransomware in the past.

Clop is the same threat actor that mass exploited CVE-2023-0669, a critical vulnerability in a different file-transfer service known as GoAnywhere. That hacking spree allowed Clop to fell data security company Rubrik, obtain health information for one million patients from one of the biggest hospital chains, and (according to Bleeping Computer) take credit for hacking 130 organizations. Research from security firm Huntress has also confirmed that the malware used in intrusions exploiting CVE-2023-0669 had indirect ties to Clop.

So far, there are no known reports of victims receiving ransom demands. The Clop extortion site has also made no mention so far of the attacks. “If the goal of this operation is extortion,” researchers from Mandiant wrote, “we anticipate that victim organizations could receive extortion emails in the coming days to weeks.”

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At Apple’s WWDC keynote, “AI” never came up by name, but it was there

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Enlarge / Someone scans their face using Apple’s “most advanced machine learning techniques” with the Apple Vision Pro during a WWDC 2023 keynote demo reel. (credit: Apple)

Amid notable new products like the Apple Silicon Mac Pro and the Apple Vision Pro revealed at Monday’s WWDC 2023 keynote event, Apple presenters never once mentioned the term “AI,” a notable omission given that its competitors like Microsoft and Google have been heavily focusing on generative AI at the moment. Still, AI was a part of Apple’s presentation, just by other names.

While “AI” is a very ambiguous term days, surrounded by both astounding advancements and extreme hype, Apple chose to avoid that association and instead focused on terms like “machine learning” and “ML.” For example, during the iOS 17 demo, SVP of Software Engineering Craig Federighi talked about improvements to autocorrect and dictation:

Autocorrect is powered by on-device machine learning, and over the years, we’ve continued to advance these models. The keyboard now leverages a transformer language model, which is state of the art for word prediction, making autocorrect more accurate than ever. And with the power of Apple Silicon, iPhone can run this model every time you tap a key.

Notably, Apple mentioned the AI term “transformer” in an Apple keynote. The company specifically talked about a “transformer language model,” which means its AI model uses the transformer architecture that has been powering many recent generative AI innovations, such as the DALL-E image generator and the ChatGPT chatbot.

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They plugged GPT-4 into Minecraft—and unearthed new potential for AI

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Microsoft

The technology that underpins ChatGPT has the potential to do much more than just talk. Linxi “Jim” Fan, an AI researcher at the chipmaker Nvidia, worked with some colleagues to devise a way to set the powerful language model GPT-4—the “brains” behind ChatGPT and a growing number of other apps and services—loose inside the blocky video game Minecraft.

The Nvidia team, which included Anima Anandkumar, the company’s director of machine learning and a professor at Caltech, created a Minecraft bot called Voyager that uses GPT-4 to solve problems inside the game. The language model generates objectives that help the agent explore the game, and code that improves the bot’s skill at the game over time.

Voyager doesn’t play the game like a person, but it can read the state of the game directly, via an API. It might see a fishing rod in its inventory and a river nearby, for instance, and use GPT-4 to suggest the goal of doing some fishing to gain experience. It will then use this goal to have GPT-4 generate the code needed to have the character achieve it.

The most novel part of the project is the code that GPT-4 generates to add behaviors to Voyager. If the code initially suggested doesn’t run perfectly, Voyager will try to refine it using error messages, feedback from the game, and a description of the code generated by GPT-4.

Over time, Voyager builds a library of code in order to learn to make increasingly complex things and explore more of the game. A chart created by the researchers shows how capable it is compared to other Minecraft agents. Voyager obtains more than three times as many items, explores more than twice as far, and builds tools 15 times more quickly than other AI agents. Fan says the approach may be improved in the future with the addition of a way for the system to incorporate visual information from the game.

While chatbots like ChatGPT have wowed the world with their eloquence and apparent knowledge—even if they often make things up—Voyager shows the huge potential for language models to perform helpful actions on computers. Using language models in this way could perhaps automate many routine office tasks, potentially one of the technology’s biggest economic impacts.

The process that Voyager uses with GPT-4 to figure out how to do things in Minecraft might be adapted for a software assistant that works out how to automate tasks via the operating system on a PC or phone. OpenAI, the startup that created ChatGPT, has added “plugins” to the bot that allow it to interact with online services such as grocery delivery app Instacart. Microsoft, which owns Minecraft, is also training AI programs to play it, and the company recently announced Windows 11 Copilot, an operating system feature that will use machine learning and APIs to automate certain tasks. It may be a good idea to experiment with this kind of technology inside a game like Minecraft, where flawed code can do relatively little harm.

Video games have long been a test bed for AI algorithms, of course. AlphaGo, the machine learning program that mastered the extremely subtle board game Go back in 2016, cut its teeth by playing simple Atari video games. AlphaGo used a technique called reinforcement learning, which trains an algorithm to play a game by giving it positive and negative feedback, for example from the score inside a game.

It is more difficult for this method to guide an agent in an open-ended game such as Minecraft, where there is no score or set of objectives and where a player’s actions may not pay off until much later. Whether or not you believe we should be preparing to contain the existential threat from AI right now, Minecraft seems like an excellent playground for the technology.

This story originally appeared on wired.com.

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