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Posted at 8:47 AM ET, 02/17/2011

The Circuit: President to meet with tech CEOs, cyber crime costs in U.K., Watson wins Jeopardy

By Hayley Tsukayama

LEADING THE DAY: President Obama is scheduled to meet with Steve Jobs, Eric Schmidt and Mark Zuckerberg on Thursday evening. The chief executives of Apple, Google and Facebook will be attending a gathering of business leaders selected to meet the president in San Francisco. It will be a rare appearance for Jobs, who left Apple for a medical leave January, and has been the subject of new speculation surface about his health.

While on the West Coast, the president will also make a visit to Intel's Hillsboro, Ore., semiconductor manufacturing facility on Friday. Continuing the theme raised in his State of the Union address, Obama will speak on the importance of out-educating the competition to "win the future."

The cost of cyber crime: The BBC reported that a recent study in the United Kingdom has found that cyber crime racks up costs of £27 billion ($43.5 billion) a year. Most of that cost is shouldered by businesses, which lose £21 billion ($33.8 billion) a year through intellectual property theft and industrial espionage. According to the study, cyber crime costs the public £3.1 billion (about $5 billion) a year, and the government £2.2 billion ($3.5 billion) a year.

Watson wins Jeopardy, helps university hospitals: Watson, the IBM computer with all the answers, won the game show "Jeopardy!" on Wednesday, winning $77,147 and beating "Jeopardy!" legends Ken Jennings and Brad Rutter. Today, IBM announced that they will partner with the University of Maryland and Columbia University and use Watson's technology for medical applications. IBM also announced a partnership with Nuance Communications, a company specializing in speech recognition and clinical language software.

Canada fights off hacker attack: The Canadian government is facing an "unprecedented cyberattack." According to CBC News, highly placed sources in the government have said the attacks are believed to have originated in China, though there is no way of knowing whether Chinese hackers are behind the attacks or whether another group is routing its crime through the country. Although Prime Minister Stephen Harper's government has released little official information about the attacks, the CBC's sources say the systems of the Finance Department and Treasury Board have been breached. The attack was detected in January and reportedly cut thousands of public workers off from their Internet access, which has since slowly returned to normal.

Apple sued over privacy -- again: In San Francisco, another group has filed a class-action lawsuit against Apple for privacy violations, contending that the company sold their information without consent to advertisers with companies such as Groupon and the New York Times. The SFWeekly reported the suit claims that Apple used information from iPad and iPhone apps to give advertisers information on users' age, gender, sexual orientation, income and political views.

By Hayley Tsukayama  | February 17, 2011; 8:47 AM ET
Categories:  Apple, Facebook, Google, International, Privacy, Social media, cyber security, intellectual property  
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IMHO the risks of allowing legal cyber privateers monetize apprehending cyber criminals are mitigated by my cyber privateer code's 100-to1 restitution penalty for enforcement mistakes like the child porn shutdown fiasco.

Posted by: TheMorganDoctrine | February 17, 2011 11:14 PM | Report abuse

The only reason why Obama is going to have a meeting with Steve Jobs and Mark Zuckerberg he is going to use the Chicago style Money contribution. He want to make sure when he runs for re-election that they will be giving him some big time money and Obama will give them what they want. It’s all about MONEY. The latest video clips from TMZ I get the latest what happen. It will be helpful for them who want to keep in touch with updates always like me

Posted by: mastermind7526 | February 18, 2011 4:33 AM | Report abuse

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