South Korea’s Financial Services Commission (FSC) has disclosed plans to allow financial companies to utilise generative artificial intelligence and cloud computing for product innovation, provided they implement adequate network security measures. Since September 2013, financial institutions have been required to separate their networks from the Internet to prevent hacking attacks. This requirement has sparked widespread… Read more »
Teradata has been named the official cloud analytics partner for the Los Angeles Clippers and Intuit Dome, the team’s new arena opening August 15, 2024, in Inglewood, California. AI technologies are also among the suite of services the team and arena will be leveraging. Teradata is now a Founding Partner of Intuit Dome with special… Read more »
Amazon’s massive investment in AI has created doubts about future profitability despite record sales growth, following publication of the tech giant’s latest financial results. According to the Financial Times, in the three months ending June 30, Amazon’s net sales grew by 10% to $148 billion. Although the result was impressive, it missed analysts’ expectations of… Read more »
The UAE hopes to introduce three new policies to enhance the country’s existing cybersecurity framework. According to the Emirates News Agency, the proposed policies will concern the domains of cloud computing, data security, IoT security, and cybersecurity operations centres. Even though the inner workings of these rules are not yet known, it is safe to… Read more »
Alibaba Group Holding’s cloud computing division is bringing changes to the way Olympic content will be transmitted and consumed, marking a significant milestone in the history of sports broadcasting. On July 25, Alibaba Cloud, in collaboration with Olympic Broadcasting Services (OBS), unveiled OBS Cloud 3.0, an innovative AI-enhanced platform designed to serve as the primary… Read more »
The newest edition of JumpCloud‘s SME IT Trends Report, “Detours Ahead: How IT Navigates an Evolving World is out today. This biannual survey of IT teams at small and medium-sized enterprises (SMEs) reveals how IT pros are responding to the growing threat of shadow IT and AI, how teams manage complicated device and IT environments, the… Read more »
Global technology consulting and digital solutions company Tech Mahindra has partnered with Microsoft to build an employee experience platform using generative AI. Such a transformation can impact productivity for those working from anywhere. The partnership focuses on the deployment of Copilot for Microsoft 365, establishing Tech Mahindra as a leading Global Systems Integrator (GSI), embracing… Read more »
The Australian Government has disclosed plans to establish a highly secure cloud service for its intelligence agencies in a $2 billion partnership with US technology firm Amazon. This advanced platform, scheduled for completion by the end of the decade, is designed to boost information-sharing capabilities within Australia’s security sector. The Guardian reported that deputy prime… Read more »
AWS plans to substantially enhance its support for startups utilising its cloud infrastructure in response to escalating competition in the AI services sector, particularly from Microsoft. According to CNBC, AWS will double the value of credits offered to certain startups through its Activate program. Starting this July, startups that have recently secured Series A funding… Read more »
The cloud computing sector has been on an impressive growth trajectory, with projections suggesting its market capitalisation will quadruple to a staggering $2.3 trillion by 2032. However, this rapid expansion comes with its own set of challenges. The market’s concentration among a few major players like AWS, Azure, and Google Cloud poses significant risks. A… Read more »